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Will state pension service's $50 bil. FX hedge help stabilize Korean won?

A further weakening of the Korean currency against the U.S. dollar will be limited, aided by a much-anticipated supply of U.S. dollars secured through the sale of offshore assets held by the National Pension Service (NPS), market watchers said Wednesday.

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K-pop heavyweights, rookies set for September chart showdown

September is shaping up to be a fiercely competitive month in the K-pop industry, with a diverse lineup of solo artists and rookie groups vying to make their mark on the music charts.

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N. Korean leader visits new coastal tourist zone, emphasizes advancing tourism

North Korean leader Kim Jong-un has inspected a new tourist zone along the country's east coast, stressing that the project is the 'first big step' in advancing the country's tourism, state media reported Tuesday.

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Prosecution extends detention of ex-defense chief in martial law probe

The detention period of former Defense Minister Kim Yong-hyun has been extended until Dec. 28, the prosecution said Tuesday, as he has refused to cooperate in the investigation into President Yoon Suk Yeol's Dec. 3 martial law declaration.

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Seoul Metro union votes in favor of strike

The main labor union of Seoul Metro, the operator of Seoul subway lines 1 to 8, said Monday its members have voted in favor of launching a strike to demand higher pay and a bigger workforce.

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No senior N. Korean officials attend banquet hosted by Chinese envoy in Pyongyang

The Chinese Embassy in Pyongyang has hosted a banquet to mark the 63rd anniversary of the signing of a bilateral treaty, North Korea's state media reported Friday, amid North Korea's deepening ties with Russia.

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S. Korean commandos sharpen special operations capabilities amid NK threats

Donning pitch-black gear, a team of South Korean commandos calmly swarmed into an indoor training ground after blasting through the front door with a detonating cord.

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India's Modi sworn in as PM for third term, faces coalition challenges

Narendra Modi was sworn in as India's prime minister on Sunday for a third term, after a shock election setback that will test his ability to ensure policy certainty in a coalition government in the world's most populous nation.

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Korea completes development of new coastal surveillance radar system

Korea has completed the development of a high-tech radar system expected to bolster the military's surveillance capabilities along the coastline, the state arms procurement agency said Monday.

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CJ CheilJedang expands use of new biodegradable wrapper

CJ CheilJedang is expanding the use of its newly developed biodegradable packaging for shipping products to reduce the use of plastic and ramp up its eco-friendly measures, according to the food company, Tuesday.

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Farming households' average income hits record high in 2023: data

The average annual income of Korea's farming households rose more than 10 percent last year to reach an all-time high, data showed Friday.

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Trump wins caucuses in Missouri and Idaho and sweeps Michigan GOP convention

Former President Donald Trump continued his march toward the GOP nomination on Saturday, winning caucuses in Idaho and Missouri and sweeping the delegate haul at a party convention in Michigan .

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Yoon meets head of US think tank CSIS

President Yoon Suk Yeol met with the head of the Center for Strategic and International Studies (CSIS), a U.S. think tank, on Wednesday and exchanged views on the Korea-U.S. alliance and key regional and global issues, his office said.

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Hanwha Ocean swings to black in 2023

Major Korean shipbuilder Hanwha Ocean said Wednesday it swung to profit in 2023 amid a surge in sales.

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Teen outfielder eager for matchup vs. ex-MLB All-Star Ryu Hyun-jin

Kim Min-suk, sophomore outfielder for the Lotte Giants, is so young that he was only two years old when Ryu Hyun-jin was mowing down hitters as a rookie in 2006 in the Korea Baseball Organization (KBO).

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N. Korea scraps laws on inter-Korean economic cooperation

North Korea has abolished laws on inter-Korean economic cooperation, state media said Thursday, as tensions between the two Koreas have deepened after the North declared there is no point in seeking reunification with the South.

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Moon government accused of lax oversight of NK guard post demolition

The previous Moon Jae-in government is facing accusations of lax monitoring regarding the 2018 demolition of North Korean guard posts, after the current defense minister suggested that North Korea may not have fully destroyed its guard posts as stipulated in the inter-Korean military tension reduction pact.

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White House's Sullivan, China's Wang to talk ties, Taiwan in Bangkok

U.S.-China ties and Taiwan will be topics raised at a meeting between U.S. National Security Advisor Jake Sullivan and Chinese Foreign Minister Wang Yi in Bangkok, building on a pledge by the leaders of the world's two largest economies to deepen dialogue.

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Guatemala's liberal new leader faces huge obstacles to anti-graft drive

Guatemala's new liberal president, Bernardo Arevalo, took office early on Monday after an extended delay that underlined the uphill struggle he faces to meet high expectations and enact a sweeping anti-graft agenda in opposition-controlled Congress.

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Value, consumer goods, financial stocks expected to gain momentum after Chuseok holiday

Korean stock markets have entered into a wait-and-see phase ahead of a long weekend starting Thursday. With the Chuseok holiday and the National Foundation Day on Oct. 3 combining this year to create the six-day-long holiday, the local stock market is closed from Sept. 28 until Oct. 3.

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Citibank Korea hosts seminar to support corporate clients' ESG management

Citibank Korea hosted a seminar to support its corporate clients with environmental, social and corporate governance (ESG) management.

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Korea, Japan agree to expand cooperation on digital shift, financial innovation

The chief financial regulators from Korea and Japan agreed to expand the two nation's cooperation into digital transformation and financial innovation in addition to financial cooperation.

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Consumer prices grow 3.6% in 2023, but inflation in December shows signs of easing

Korea has continued to experience high inflationary pressure this year following the highest price growth in decades the previous year, but inflation in December ticked down for a second consecutive month in signs that price pressure is easing, data showed Friday.

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Two Koreas trade barbs over nuclear war

South and North Korea have engaged in a heated exchange of words regarding a nuclear war, intensifying the military tension on the Korean Peninsula.

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Seoul to introduce 'English tutor robots' for young students

'English tutor robots' will be introduced to elementary and middle schools in Seoul next year to assist in students' one-on-one English conversations, the municipal education office said Wednesday.

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Auto workers still have room to expand their strike against car makers, but they also face risks

Even after escalating its strike against Detroit automakers on Friday, the United Auto Workers union still has plenty of leverage in its effort to force the companies to agree to significant increases in pay and benefits.

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Korea's exports down for 11th month in August on weak chip demand

Korea's exports fell for the 11th consecutive month in August due mainly to weak demand for semiconductors and petroleum products, but the country reported a trade surplus for the third straight month, the industry ministry said Friday.

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Cameras, visitor logs searched after cocaine found at White House

Cocaine discovered in the White House on Sunday was found in a cubby hole in a West Wing entry area where visitors place electronics and other belongings before going on tours, a source familiar with the matter said on Wednesday.

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Lawmaker appears for questioning over DPK's election bribery scandal

A lawmaker appeared before prosecutors for questioning Friday over his alleged involvement in a cash-for-vote campaign ahead of the 2021 leadership election of the main opposition Democratic Party of Korea (DPK).

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Fried chicken franchises under pressure to freeze prices

Major local fried chicken franchises are coming under pressure to freeze prices, as recommended by the food ministry seeking to curb inflation, according to market watchers, Monday. Advancing the guidance are soaring expenses needed to dine out in the broader context of a spike in the overall cost of living over the past few months, led by sellers of fried chicken and beverages.

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Jang Dong-yoon speaks about challenges of acting in first Korean 'screenlife' film 'Long D'

For most of its runtime, “Long D” is just Jang Dong-yoon staring at a computer screen. Jang stars as Do-ha, who tries to get back together with his ex-girlfriend after a breakup.

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Two major labor groups file complaint against labor minister

Two major umbrella labor groups filed a complaint against Labor Minister Lee Jeong-sik on Tuesday over the government's decision to impose fines on labor unions refusing to disclose their account books.

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Seoul teams up with Louis Vuitton to promote tourism in Korea

The Seoul city government and the state tourism agency signed an agreement Wednesday with the Korean unit of French luxury fashion house Louis Vuitton to promote tourism in Korea, city officials said.

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EU's green regulations drive 'reasonable' demand amid global decarbonization: German biz lobby chief

Green regulations in force or being pushed for by the European Union (EU), including the legislation on reshoring critical minerals, are "reasonable and necessary" given the decarbonization trend, and they offer Korea a chance to deepen economic ties with the bloc, the head of a Seoul-based German business lobby has said.

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Nat'l Assembly adopts resolution urging Japan to withdraw UNESCO bid for Sado mine

Korea's National Assembly adopted a resolution on Monday, urging Japan to withdraw its bid to register a former gold mine linked to wartime forced labor as a UNESCO World Heritage Site.

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China warns US to stop suppression or risk 'conflict'

The United States should change its "distorted" attitude towards China or "conflict and confrontation" will follow, China's foreign minister said on Tuesday, while defending its stance on the war in Ukraine and its close ties with Russia.