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Stronger won fuels fears of earnings misses among Korean exporters

Vehicles for export stand ready at Pyeongtaek Port in Gyeonggi Province, Sept. 16, 2025. Yonhap Korea’s leading exporters face a growing risk of missing third-quarter earnings expectations as a sharp appreciation of the won erodes the local-currency value of sales generated in dollars, market analysts said Friday. The currency shift has prompted brokerages to lower…

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Lee appoints new vice industry minister, deputy chief of financial watchdog

Park Dong-il, second from right, deputy minister for industrial policy at the MInistry of Trade, Industry and Resources, speaks during a roundtable meeting in Seoul, Thursday. Yonhap President Lee Jae Myung on Friday appointed a new vice industry minister and a new deputy chief of the Financial Services Commission (FSC). Park Dong-il, a senior official…

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Ex-lawmaker referred to prosecution over daughter’s hiring at university

Yoo Dam, right, daughter of former presidential candidate Yoo Seong-min, campaigns for her father during the 2017 presidential election. Yonhap Former opposition lawmaker Yoo Seong-min and three university officials have been referred to the prosecution for possible indictment over allegations of preferential treatment in the hiring of Yoo’s daughter as a professor by Incheon National…

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