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Business

South Korean stocks ride 'Goldilocks' tide

Impact from planned tax hike? Limited

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Hyundai Heavy Industries' shipyard in Ulsan, South Korea   © Reuters

HONG KONG -- South Korean stocks are reaching record highs, as companies become less dependent on China and the U.S.

The benchmark Korea Composite Stock Price Index in July rose for an eighth consecutive month, its longest winning streak since the 1997 Asian currency crisis.

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