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(LEAD) Ruling party, gov't agree to tentatively postpone electricity, gas rate hikes

(ATTN: ADDS more details, ministry release in last 8 paras) SEOUL, March 31 (Yonhap) -- The ruling People Power Party (PPP) and the government agreed to temporarily hold off raising electricity and gas bills but reaffirmed that rate hikes are "
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S. Korea's tax revenue down 16 tln won in first two months of 2023

SEOUL, March 31 (Yonhap) -- South Korea's tax revenue fell 15.7 trillion won (US$12.16 billion) in the first two months of this year on-year over the slump in the real estate and securities markets, data showed Friday.Tax revenue amounted to 54.2
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Hyundai Mipo Dockyard wins 240.1 bln-won order for 4 product carriers

SEOUL, March 31 (Yonhap) -- South Korean shipbuilder Hyundai Mipo Dockyard Co. said Friday it has clinched a 240.1 billion-won (US$185 million) order to build four midsize product carriers for an African shipper.Hyundai Mipo Dockyard said in a regula
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(LEAD) Regulators urge leaders of major financial firms to seek market stability, responsible management

(ATTN: ADDS financial leaders' comments in last 3 paras)SEOUL, March 31 (Yonhap) -- The heads of South Korea's financial authorities on Friday asked leaders of financial holding companies to strive for financial market stability and exercise
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(2nd LD) Chips production sinks 17 pct in Feb. despite overall industrial output gains

(ATTN: ADDS finance ministry's assessment, more details in last 7 paras)SEOUL, March 31 (Yonhap) -- South Korea's semiconductor output sank 17.1 percent on-month in February, the sharpest decline in more than 14 years, though the country repo
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(LEAD) Chips production sinks 17 pct in Feb. despite overall industrial output gains

(ATTN: RECASTS headline, lead to highlight chips output fall; ADDS more details throughout, photo)SEOUL, March 31 (Yonhap) -- South Korea's semiconductor output sank 17.1 percent on-month in February, the sharpest decline in more than 14 years, t
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S. Korea fails to join FTSE Russell's global bond index

PARIS/SEJONG, South Korea, March 31 (Yonhap) -- South Korea has failed to be added to the World Government Bond Index (WGBI) run by FTSE Russell, missing market expectations of its early inclusion.London-based FTSE Russell said Thursday that South Ko
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Regulators urge leaders of major financial firms to seek market stability, responsible management

SEOUL, March 31 (Yonhap) -- The heads of South Korea's financial authorities on Friday asked leaders of financial holding companies to strive for financial market stability and exercise responsible management to restore trust in the financial sys
Industrial output, private spending, investment all rise in Feb.

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SEOUL, March 31 (Yonhap) -- South Korea's industrial output, private spending and investment all logged on-month gains in February, data showed Friday.Industrial output edged up 0.3 percent on-month last month following a 0.5 percent increase in
(URGENT) Industrial output, private spending, investment all rise in Feb.

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Joongang DNM to raise 10 bln won via stock offering

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SEOUL, March 30 (Yonhap) -- Joongang DNM Co.on Thursday announced that it will sell stock to raise 10 billion won (US$7.7 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the c
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Yoon asks U.S. Trade Representative to address S. Korean firms' concerns over IRA, Chips Act

SEOUL, March 30 (Yonhap) -- President Yoon Suk Yeol asked United States Trade Representative Katherine Tai on Thursday to make favorable considerations for South Korean businesses in implementing the Inflation Reduction Act (IRA) and the Chips and Sc
S. Korea to sell 15 tln won worth of Treasurys in April

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SEOUL, March 30 (Yonhap) -- South Korea plans to sell 15 trillion won (US$11.55 billion) in state bonds next month, the finance ministry said Thursday.The country will issue 2.8 trillion won in Treasurys with a maturity of three years, and another 2.
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(LEAD) SK Innovation mulls share buyback to boost shareholder value

(ATTN: ADDS more details in paras 3-5, closing share price at bottom)By Kim Seung-yeonSEOUL, March 30 (Yonhap) -- SK Innovation Co. said Thursday it is considering buying back its own stocks around the time when its battery-making subsidiary SK On Co
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Carmakers ramp up electrification plans at Seoul Mobility Show

GOYANG, South Korea, March 30 (Yonhap) -- Carmakers have ramped up their electrification plans at the Seoul Mobility Show as countries move faster toward a zero-emission future amid global warming. Car manufacturers, including sports car brands like
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(LEAD) LG Chem breaks ground for 310 bln-won plastic recycling, aerogel plants

(ATTN: ADDS more info in paras 3-4, UPDATES photos) SEOUL, March 30 (Yonhap) -- LG Chem Ltd., a leading chemical producer in South Korea, said Thursday that it began the 310 billion-won (US$238 million) project to build facilities for plastic recycli
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LG Chem breaks ground for 310 bln-won plastic recycling, aerogel plants

SEOUL, March 30 (Yonhap) -- LG Chem Ltd., a leading chemical producer in South Korea, said Thursday that it began the 310 billion-won (US$238 million) project to build facilities for plastic recycling and producing a next-generation thermal insulator
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Top court orders Hyundai Group chief to compensate Hyundai Elevator for derivatives losses

SEOUL, March 30 (Yonhap) -- The Supreme Court on Thursday upheld a lower court's order for Hyundai Group Chair Hyun Jeong-eun to pay 170 billion won (US$131 million) to Hyundai Elevator to compensate for losses from financial derivatives contract
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Trade chiefs of S. Korea, U.S. discuss IRA, Chips Act

SEOUL, March 30 (Yonhap) -- Top trade officials of South Korea and the United States discussed U.S. acts on semiconductors and electric vehicles (EVs) on Thursday, as well as a range of pending bilateral issues, Seoul's industry ministry said.Seo
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SME biz sentiment worsens for April on slowing economy

SEOUL, March 30 (Yonhap) -- South Korean smaller firms' business outlook took a turn for the worse for April amid the country's slowing economy, a poll showed Thursday.The survey of 3,150 small and medium-sized enterprises (SMEs) showed the s