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  Hanwha Impact inks deal to buy ship engine maker

  SEOUL, July 11 (Yonhap) -- Hanwha Impact Corp., a chemical materials unit of South Korean conglomerate Hanwha Group, said Tuesday it has signed a deal with HSD Engine Co. to purchase a major stake in the local ship engine maker.The contract calls for
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  Experts urge S. Korea to adopt bioethanol in transport sector

  SEOUL, July 11 (Yonhap) -- U.S. experts on Tuesday called on the South Korean government to adopt bioethanol, a renewable fuel, in the transportation sector to help achieve its carbon reduction goals by 2050.Officials from the U.S. Embassy in Seoul a
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  S. Korea's population set to fall to 38 mln in 2070

  By Kang Yoon-seungSEOUL, July 11 (Yonhap) -- South Korea's population is set to fall to 38 million in 2070 due to its critically low birth rates, data showed Tuesday, with those aged 65 and above set to take up around 46 percent.The figure marks
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  Hanwha Systems obtains license for satellite internet service in S. Korea

  By Kim Seung-yeon SEOUL, July 11 (Yonhap) -- Hanwha Systems Co. said Tuesday it has obtained a government license to operate as a satellite internet service provider, as it ramps up to advance into the space internet sector with an eye on military de
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  Samsung to share over 100 patent technologies with smaller firms

  SEOUL, July 11 (Yonhap) -- Samsung Electronics Co. will allow smaller domestic companies to use more of its royalty-free technologies to achieve shared growth, the industry ministry said Tuesday.The South Korean tech giant will transfer 123 kinds of
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  S. Korea to host int'l statistics congress in 2027

  SEOUL, July 11 (Yonhap) -- South Korea's statistics agency said Tuesday the country has been selected as the host of an international statistics event scheduled for 2027, which will bring together experts and government officials from around the
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  Kia Europe names commercial car expert as PBV director

  SEOUL, July 11 (Yonhap) -- Kia Corp. said Tuesday it has appointed Pierre-Martin Bos, a European commercial car expert, as director of the purpose built vehicle (PBV) division at its European operations. Pierre-Martin Bos began working in the newly c
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  (LEAD) Exports down 14.8 pct during first 10 days of July

  (ATTN: UPDATES with details throughout)By Kang Yoon-seungSEOUL, July 11 (Yonhap) -- South Korea's exports fell 14.8 percent on-year in the first 10 days of July due to sluggish shipments of chips, data showed Tuesday.The country's outbound sh
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  Exports down 14.8 pct during first 10 days of July

  SEOUL, July 11 (Yonhap) -- South Korea's exports fell 14.8 percent on-year in the first 10 days of July due to sluggish shipments of chips, data showed Tuesday.The country's outbound shipments reached US$13.3 billion in the July 1-10 period,
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  S. Korea launches project team to foster small modular reactor

  SEOUL, July 10 (Yonhap) -- South Korea launched a government-lead project worth 399.2 billion won (US$305.4 million) to foster research and development of a homegrown small modular reactor (SMR) in an effort to lead the global market of the emerging
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  SK hynix mulls selling water processing facility to secure capital

  SEOUL, July 10 (Yonhap) -- SK hynix Inc. said Monday it was mulling selling a water processing facility to SK reit Co. to secure funds for future investment and enhance financial soundness.The world's second-largest memory chip maker said the pot
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  (2nd LD) S. Korea launches 'K-rice belt' initiative with 8 African nations

  (ATTN: ADDS African ministers' comments in paras 9-12)SEOUL, July 10 (Yonhap) -- South Korea launched the "K-rice belt" initiative with eight African nations Monday to provide them with quality rice varieties and share its farming kno
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  (LEAD) S. Korea launches 'K-rice belt' initiative with 8 African nations

  (ATTN: ADDS more details, comments in paras 5-10, photo)SEOUL, July 10 (Yonhap) -- South Korea launched the "K-rice belt" initiative with eight African nations Monday to provide them with quality rice varieties and share its farming know-
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  S. Korea launches 'K-rice belt' initiative with 8 African nations

  SEOUL, July 10 (Yonhap) -- South Korea launched the "K-rice belt" initiative with eight African nations Monday to provide them with quality rice varieties and share its farming know-how, ensuring their sustainable food security, the agric
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  Samsung Biologics inks US$390.9 mln manufacturing deal with Novartis

  SEOUL, July 10 (Yonhap) -- Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Monday it has signed a US$390.9 million deal with Novartis Pharma AG to manufacture the Switzerland-based pharmaceutical firm's products.It
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  Hyundai Department Store to open 1st official Disney store near Seoul

  SEOUL, July 10 (Yonhap) -- Hyundai Department Store Co. said Monday it will open the first official Disney store in South Korea near Seoul this week.The 264-square-meter Disney store in Pangyo, just south of Seoul, is set to open Tuesday, offering ar
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  T'way Air to open Daegu-Mongolia route this month

  SEOUL, July 10 (Yonhap) -- T'way Air, a South Korean low-cost carrier, said Monday it will open a Daegu-Mongolia route later this month as travel demand rebounds after three years of COVID-19 pandemic restrictions. T'way Air plans to provide
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  New round of U.S.-led IPEF talks kicks off in S. Korea

  SEOUL, July 10 (Yonhap) -- A new round of official negotiations for the U.S.-led Indo-Pacific Economic Framework (IPEF) has begun in South Korea's southeastern port city of Busan, the industry ministry said Monday. The fourth round of talks kicke
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  Locals victimized by both political partiesControversy is being fueled after Land Minister Won Hee-ryong declared he would stop the planned construction of a highway between Seoul and Yangpyeong County, Gyeonggi. Over the drastic decision to suspend
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  China strikes back: Ensure economic security amid G2 tech warThe tech battle between the U.S. and China has entered the second round, with China striking back.On July 3, China said it will impose export controls next month on gallium and germanium, t