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S. Korea braces for possible Japanese capital flight

The financial authorities are formulating a contingency plan for any sudden flight of Japanese capital, a preliminary move against the possibility of Japan extending its export restriction measures to the financial sector. A team of officials from the Financial Services Commission (FSC) and Financial Supervisory Service (FSS) are currently checking the maturity of loans extended to Korean companies by Japanese firms. They are seeking to set up a plan to deal with refusals to roll over maturing debt or extend new loans.

'Japan takes swipe at Korea's jurisdiction, sovereignty'

Japan is threatening South Korea's sovereignty as Tokyo has consistently failed to accept South Korean court rulings ordering Japanese companies to compensate the victims of wartime forced labor, a senior presidential aide said.

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Korean firms on edge over post-poll impact

Japanese Prime Minister Shinzo Abe's victory in the country's Upper House election Sunday will tighten Tokyo's stance on trade with Seoul and deal a bigger blow to companies here, industry officials said Monday.

Seoul considers back US efforts in Hormuz

South Korea is considering supporting Washington's initiative to form a multinational coalition to safeguard commercial shipping in the Middle East, near the Strait of Hormuz.

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Moon eyes opportunity for local industry

President Moon Jae-in called on government agencies Monday to cooperate in boosting the competitiveness of the local parts and materials industry to counter Japan's expanding trade offensive. Moon underlined that the situation stemming from Tokyo's export restrictions “should be seen as an opportunity,” and vowed full-scale support for industrial countermeasures.

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Divorce of Song Joong-ki, Song Hye-kyo approved: court

The marriage between two of Korea's top actors - Song Joong-ki and Song Hye-kyo - formally ended Monday as the court approved a divorce settlement for the high-profile couple. The Seoul Family Court said it held a closed-door hearing for the divorce arrangement, with only the legal representatives of the two stars in attendance - and approved the couple's split. The court didn't provide details of the settlement.

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