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Jeju's 2021 tourism sales recover close to pre-COVID-19 levels

JEJU, South Korea, Oct. 4 (Yonhap) -- The southern resort island of Jeju saw sales of its tourism industry expand more than 32 percent last year from the previous year nearly to pre-pandemic levels, officials said Tuesday. Combined sales of the islan
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DSME bags 1.85 tln-won order for 6 LNG carriers

SEOUL, Oct. 4 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday it has won a 1.85 trillion-won (US$1.3 billion) order to build six liquefied natural gas (LNG) carriers from Asia and Europe, exceeding i
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Visang to supply interactive ESL program to Vietnam's ALAB

SEOUL, Oct. 4 (Yonhap) -- South Korean education content provider Visang Education Inc. said Tuesday it has inked an initial agreement to supply its interactive English education program to Vietnam's ALAB, as it sees demand for quality English ed
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Hyundai, Kia's U.S. EV sales dip in Sept. amid EV tax credit concerns

SEOUL, Oct. 4 (Yonhap) -- Hyundai Motor Co. and Kia Corp. saw their electric vehicle (EV) sales in the United States sink in September from a month earlier amid worries over the potential impact from a new U.S. law disadvantaging EV makers that do no
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Online shopping up 16 pct in August on vacation, Chuseok

SEOUL, Oct. 4 (Yonhap) -- Online shopping in South Korea rose 16 percent on-year in August on the back of surging demand for travel during the vacation season amid eased COVID-19 restrictions and growing grocery shopping for preparations for the Chus
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SPC Group opens 3 new Paris Baguette stores in Paris in 2022

SEOUL, Oct. 4 (Yonhap) -- South Korean food and beverage giant SPC Group said Tuesday it has opened three new Paris Baguette bakery stores in France's capital city of Paris this year, as it eyes expansion in the European country. The company said
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S. Korea vows 'preemptive, appropriate' steps against financial market instability

SEOUL, Oct. 4 (Yonhap) -- Finance Minister Choo Kyung-ho said Tuesday the government will implement appropriate responses preemptively by reviewing all options available in accordance with possible scenarios of financial and foreign exchange market i
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Hyundai Glovis buys U.S. auto auction dealer in overseas push

SEOUL, Oct. 4 (Yonhap) -- Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Tuesday it has acquired a U.S. auto auction dealer as it pushes to make inroads into overseas secondhand car markets. Hyundai Glovis said it has taken over
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Kia launches high-performance electric model EV6 GT

SEOUL, Oct. 4 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, on Tuesday launched the pure electric high-performance model EV6 GT in the domestic market in a move to beef up its EV lineup. The EV6 GT comes with a 77.4 kWh battery pa
Top headlines in major S. Korean newspapers

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SEOUL, Oct. 4 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 4.Korean-language dailies-- Rival parties' clash intensifies as even former president placed under scrutiny (Kyunghyang Shinmun)-- 'White powder'
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GS25 opens 100th convenience store outlet in Mongolia

SEOUL, Oct. 3 (Yonhap) -- GS Group's convenience store chain GS25 said Monday it has opened its 100th outlet in Mongolia since its entry into the East Asian country 16 months ago. GS25 aims to expand the number of outlets in Mongolia to more than
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U.S., Britain may announce review outcome of Korean Air-Asiana deal in Nov.

SEOUL, Oct. 2 (Yonhap) -- Antitrust regulators in the United States and Britain may decide next month whether to approve a deal by South Korea's largest carrier Korean Air Lines Co. to buy its smaller rival Asiana Airlines Inc., industry sources
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Trade deficit likely to hit record high of US$48 bln this year: report

SEOUL, Oct. 2 (Yonhap) -- South Korea is expected to post a record high trade deficit of nearly US$50 billion this year due to high global energy costs, a report by a private think tank showed Sunday.The country's trade deficit is likely to reach
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SoftBank chief visits Seoul amid Samsung-Arm merger speculation

SEOUL, Oct. 1 (Yonhap) -- SoftBank Group Corp. CEO Masayoshi Son arrived in Seoul on Saturday amid speculation he could meet Samsung Electronics Vice Chairman Lee Jae-yong to discuss a potential merger deal.Son's visit comes amid years-old specul
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(LEAD) Seoul, Washington reaffirm cooperation on liquidity supply if needed

(ATTN: ADDS more details in last para)SEOUL, Oct. 1 (Yonhap) -- The finance chiefs from South Korea and the United States have reaffirmed that the two countries will cooperate to beef up liquidity facilities should financial market routs around the g
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Seoul, Washington reaffirm cooperation on liquidity supply if needed

SEOUL, Oct. 1 (Yonhap) -- The finance chiefs from South Korea and the United States have reaffirmed that the two countries will cooperate to beef up liquidity facilities should financial market routs around the globe deepen, according to Seoul's
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(LEAD) Exports up 2.8 pct in September; trade deficit extended for 6th month

(ATTN: ADDS more details in last 13 paras, byline)By Oh Seok-minSEOUL, Oct. 1 (Yonhap) -- South Korea's exports rose 2.8 percent on-year in September, but the country suffered a trade deficit for the sixth consecutive month on high global energy
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Exports up 2.8 pct in September; trade deficit extended for 6th month

SEOUL, Oct. 1 (Yonhap) -- South Korea's exports rose 2.8 percent on-year in September, but the country suffered a trade deficit for the sixth consecutive month on high global energy prices, data showed Saturday.Outbound shipments stood at US$57.4
(URGENT) S. Korea's exports rise 2.8 pct on-year to US$57.46 bln in September

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S. Korea sells a net US$15.49 bln in Q2 to stabilize FX market

SEOUL, Sept. 30 (Yonhap) -- South Korea's foreign exchange authorities said Friday that they sold a net US$15.49 billion in the second quarter of the year in a bid to stabilize the currency market.It marks the authorities' largest net selling