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  Foreigners turn net sellers of local stocks in March

  SEOUL, April 10 (Yonhap) -- Foreign investors turned net sellers of South Korean stocks in March amid the collapses of Silicon Valley Bank in the United States and the global bank Credit Suisse, central bank data showed Monday.Offshore investors sold
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  Banks' household loans keep falling in March amid high borrowing costs

  SEOUL, April 10 (Yonhap) -- Household loans extended by banks in South Korea shrank for the third straight month in March amid high borrowing costs caused by the central bank's monetary tightening to rein in inflation, data showed Monday.Banks
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  Louis Vuitton Korea net income up 68.9 pct in 2022 on revenge shopping, price hikes

  SEOUL, April, 10 (Yonhap) -- Louis Vuitton Korea has said its net income rose 68.9 percent in 2022 from a year earlier, boosted by the "revenge shopping" trend during the pandemic and price increases.Louis Vuitton Korea Ltd., the Korean a
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  S. Korea, Britain agree to boost cooperation on nuclear power, clean energy

  SEOUL, April 10 (Yonhap) -- South Korea and Britain agreed Monday to enhance bilateral exchanges and cooperation on nuclear power generation and clean energy, Seoul's industry ministry said.Industry Minister Lee Chang-yang and Grant Shapps, Brita
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  S. Korean firms' investment in Vietnam tumbles in Q1

  HANOI, April 10 (Yonhap) -- South Korean companies' investment in Vietnam plunged more than 70 percent in the first quarter of this year amid tougher local regulations and a global economic slump, data showed Monday.South Korean firms' invest
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  Over half of key listed firms see financial health worsen in 2022

  SEOUL, April 10 (Yonhap) -- More than half of major listed firms in South Korea saw their financial soundness worsen in 2022 amid high global interest rates and inflation, data showed Monday.The debt-to-equity ratio of 56 out of the 106 listed compan
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  S. Korea's superrich have 32.3 bln won in assets on average: report

  SEOUL, April 9 (Yonhap) -- South Korea's superrich had an average of 32.3 billion won (US$24.5 million) of assets last year, and their yearly income came to about 1.23 billion won, a report showed Sunday.The Hana Institute for Finance, affiliated
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  S. Korean economy remains 'lackluster' amid ailing exports: KDI

  By Kang Yoon-seungSEOUL, April 9 (Yonhap) -- South Korea's economy continues to remain sluggish due to weak exports, but its financial market remains relatively stable despite global uncertainties, a state-run think tank said Sunday."Manufa
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  Finance minister to visit U.S. for G20, World Bank meetings

  By Kang Yoon-seungSEOUL, April 9 (Yonhap) -- South Korea's finance minister plans to visit the United States this week to participate in a string of events including a G20 finance ministers' meeting, his office said Sunday.Finance Minister Ch
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  S. Korea suspends operation of Kori-2 reactor for permission renewal

  SEOUL, April 9 (Yonhap) -- South Korea has temporarily suspended the Kori-2 nuclear reactor for safety inspections and improvements required to extend its operations, its operator said Sunday.The No. 2 reactor at the Kori Nuclear Power Plant, located
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  Exports of instant noodles hit first-quarter high: data

  SEOUL, April 9 (Yonhap) -- South Korea's exports of instant noodles jumped 14.3 percent on-year in the first three months of 2023 to reach the highest figure for any first quarter ever amid the growing popularity of the Korean culture, data showe
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  Samsung seeks Dominican Republic's support for S. Korea's World Expo bid

  SEOUL, April 9 (Yonhap) -- Samsung Electronics Co. said Sunday it has asked for the Dominican Republic's support for South Korea's bid to host the 2030 World Expo in its southeastern city of Busan.Roh Tae-moon, president of the tech giant'
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  Foreign minister visits Hyundai Motor factory in India

  SEOUL, April 9 (Yonhap) -- Foreign Minister Park Jin visited Hyundai Motor's factory in the southern Indian city of Chennai, as part of his trip celebrating the 50th anniversary of diplomatic relations between Seoul and New Delhi, South Korea'
• Daesung Private Equity to raise 25 bln won via stock offering

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  SEOUL, April 7 (Yonhap) -- Daesung Private Equity Inc.on Friday announced that it will sell stock to raise 25 billion won(US$19 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory fili
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  Musinsa to open 10-day pop-up event in Tokyo

  SEOUL, April 7 (Yonhap) -- Musinsa Co., a South Korean fashion platform, said Friday it opened its first pop-up store in Japan, as the unicorn startup plans to expand its presence in the neighboring country. The company will introduce various homegro
• Selvas Ai to raise 78.8 bln won via stock sale

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  SEOUL, April 7 (Yonhap) -- Selvas Ai Inc.on Friday announced that it will sell stock to raise 78.8 billion won(US$59.9 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, t
• Selvas Healthcare to raise 34.1 bln won via stock sale

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  SEOUL, April 7 (Yonhap) -- Selvas Healthcare Inc. on Friday announced that it will sell stock to raise 34.1 billion won(US$25.9 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory
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  (3rd LD) Samsung Electronics cuts memory output as Q1 profit likely drops 96 pct on weak demand

  (ATTN: ADDS share price at bottom)SEOUL, April 7 (Yonhap) -- Samsung Electronics Co. on Friday said it cut memory production in the short term, as its quarterly profit plunged significantly amid the chip downturn, in a sharp departure from its previo
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  (3rd LD) LG Electronics Q1 profit down on slow demand

  (ATTN: ADDS share price at bottom)SEOUL, April 7 (Yonhap) -- LG Electronics Inc. on Friday said its operating profit for the January-March period likely declined 23 percent from a year earlier amid the on-going macroeconomic woes that dampened consum
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  (2nd LD) LG Energy Solution's profit grew more than twofold in Q1 on IRA effects

  (ATTN: UPDATES last para with closing share price)By Kim Seung-yeonSEOUL, April 7 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday it estimated its operating profit to have grown more than twofold in the first quarter from a year earlier, boost