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S. Korea's consumer prices up 4.2 pct in March

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SEOUL, April 4 (Yonhap) -- South Korea's on-year growth in consumer prices fell to the lowest level in a year in March, data showed Tuesday, in the latest signal that inflation could slow throughout this year.Consumer prices, a key gauge of infla
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(URGENT) S. Korea's consumer prices up 4.2 pct on-year in March

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Big firms' inventories jump 29.7 pct in 2022 amid global slump

SEOUL, April 4 (Yonhap) -- Major South Korean companies' inventories surged nearly 30 percent in 2022 from a year earlier amid a global economic slump, a corporate tracker said Tuesday.Combined inventories of 212 out of the country's top 500
Top headlines in major S. Korean newspapers

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SEOUL, April 4 (Yonhap) -- The following are the top in major South Korean newspapers on April 4.Korean-language dailies-- With president only looking to the 'right,' national unity is out of reach (Kyunghyang Shinmun)-- Party bickering inte
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Finance chief notes eased biz uncertainty over U.S. IRA, Chips Act during talks with Moody's

SEOUL, April 3 (Yonhap) -- South Korea's Finance Minister Choo Kyung-ho said Monday that uncertainties surrounding domestic companies regarding the United States' acts on electric vehicles (EVs) and semiconductors have been eased, and the Seo
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(LEAD) Hanwha gets nod from EU for Daewoo Shipbuilding takeover

(ATTN: ADDS more details in paras 4-9)SEOUL, April 3 (Yonhap) -- Hanwha Group has received approval from the European Union for its plan to acquire Daewoo Shipbuilding & Marine Engineering Co. (DSME), company officials said Monday. The EU's decis
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Renault Korea's March sales jump 50 pct on exports

SEOUL, April 3 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Monday its sales jumped 50 percent last month from a year earlier on increased exports of its SUV models. Renault Korea sold 15,621 vehicles in March, up fro
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GM Korea's March sales jump 64 pct on strong exports

SEOUL, April 3 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Monday its sales jumped 64 percent last month from a year earlier on strong exports.GM Korea sold a total of 40,781 vehicles in March, up from 24,821 units a y
Hyundai's March sales jump 21 pct despite chip shortage

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SEOUL, April 3 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Monday its sales jumped 21 percent last month from a year earlier on robust sales of its models despite an extended chip shortage.Hyundai sold 381,885 vehicles in
Kia's March sales rise 11 pct despite chip shortage

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SEOUL, April 3 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Monday its sales rose 11 percent last month from a year earlier on improved product mix and production despite a lingering chip shortage. Kia, a smaller affiliate
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(LEAD) Biz circles pitch S. Korea's Expo bid in welcoming event for BIE inspection team

(ATTN: ADDS more details in paras 5-7; UPDATES photos) SEOUL, April 3 (Yonhap) -- Business circles hosted a welcoming event for a visiting inspection team of the international body in charge of overseeing the World Expo on Monday and made their pitch
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KG Mobility's March sales jump 58 pct on SUV models

SEOUL, April 3 (Yonhap) -- KG Mobility, formerly SsangYong Motors, said Monday its sales jumped 58 percent last month from a year earlier, driven by strong sales of its SUV models.KG Mobility sold 13,619 vehicles in March, up from 8,596 units a year
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Credit finance firms' earnings shrink 24 pct in 2022

SEOUL, April 3 (Yonhap) -- South Korean credit finance firms saw their earnings shrink 24 percent in 2022 from a year earlier as their assets decreased amid a sluggish market, data showed Monday. Their net profit came to 3.41 trillion won (US$2.59 bi
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Online shopping up 7.5 pct on surging demand for travel

SEOUL, April 3 (Yonhap) -- Online shopping in South Korea rose 7.5 percent on-year in February on the back of the surge in demand for travel services on growing outdoor activities following eased COVID-19 restrictions, data showed Monday.The value of
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Biz circles pitch S. Korea's Expo bid in welcoming event for BIE inspection team

SEOUL, April 3 (Yonhap) -- Business circles hosted a welcoming event for a visiting inspection team of the international body in charge of overseeing the World Expo on Monday and made their pitch for the country's bid to hold the event in 2030.Th
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Louis Vuitton to bring Michelin-starred Ikoyi to Seoul in May

SEOUL, April 3 (Yonhap) -- Louis Vuitton will open a pop-up restaurant in Seoul in May with the Michelin-starred restaurant Ikoyi of London, the French luxury house said Monday.Ikoyi at Louis Vuitton will be opened inside the brand's flagship sto
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S. Korea, Ecuador begin new round of talks for bilateral trade deal

SEOUL, April 3 (Yonhap) -- South Korea and Ecuador on Monday began their ninth round of talks on the establishment of a bilateral free trade deal, Seoul's trade ministry said.The two nations launched negotiations for the Strategic Economic Cooper
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Samsung Heavy wins 674.5 bln-won order for 2 LNG carriers

SEOUL, April 3 (Yonhap) -- South Korean shipyard Samsung Heavy Industries Co. said Monday it has bagged a 674.5 billion-won (US$517 million) order to build two liquefied natural gas (LNG) carriers for an Asia-Pacific shipper.Samsung Heavy said in a r
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Hanwha gets nod from EU for Daewoo Shipbuilding takeover

SEOUL, April 3 (Yonhap) -- Hanwha Group has received approval from the European Union for its plan to acquire Daewoo Shipbuilding & Marine Engineering Co. (DSME), company officials said Monday. The EU's decision came earlier than expected, as it
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S. Korean exporters saved 6.6 tln won on lower tariffs from FTAs in 2021: gov't data

SEOUL, April 2 (Yonhap) -- South Korean exporting companies saved 6.6 trillion won (US$5.8 billion) due to lower tariffs in 2021 thanks to the country's free trade agreements (FTAs) with six major economies, including the United States and the Eu