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KAI signs 1.96 tln-won KF-21 production deal with defense procurement agency

SEOUL, June 25 (Yonhap) -- Korea Aerospace Industries, Ltd. (KAI) said Tuesday it has signed a 1.96 trillion-won (US$1.41 billion) deal with the state defense procurement agency to start production of the next-generation KF-21 fighter jet.The contrac
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PM calls for special care for foreign victims of battery plant fire

By Lee Haye-ahSEOUL, June 25 (Yonhap) -- Prime Minister Han Duck-soo called Tuesday for providing special care to the families of 18 foreign workers who were killed in a battery plant fire in Hwaseong the previous day.Twenty-two people were killed in
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Yoon denounces defense treaty between N. Korea, Russia as 'anachronistic'

By Kim Eun-jungSEOUL, June 25 (Yonhap) -- President Yoon Suk Yeol on Tuesday denounced North Korea's sending of trash-carrying balloons to South Korea and its military cooperation with Russia as "anachronistic" acts that go against th
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(URGENT) Yoon denounces defense treaty between N. Korea, Russia as 'anachronistic'

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KAI signs agreement with Polish defense firms for FA-50 jet maintenance

SEOUL, June 25 (Yonhap) -- Korea Aerospace Industries Co. (KAI) said Tuesday it has forged an agreement with a Polish defense firm to establish a support system for maintenance and related services for its FA-50 fighter jets exported by KAI.KAI said
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S. Korea, U.S. stage joint logistics drills

SEOUL, June 25 (Yonhap) -- South Korea and the United States kicked off joint drills aimed at strengthening their combined logistics capabilities earlier this week, Seoul's military said Tuesday.The five-day combined distribution exercise got und
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Kakao Bank launches new dollar deposit, exchange service

SEOUL, June 25 (Yonhap) -- Internet-only lender Kakao Bank launched a new dollar deposit service Tuesday that can be linked with the online payment platform Travel Wallet to enable fee-free overseas cash withdrawals.The new program, called "Dol
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(3rd LD) Search continues for worker missing from battery plant fire

(ATTN: UPDATES with more info in 7th para)SEOUL, June 25 (Yonhap) -- Rescue workers continued searching Tuesday for a worker still missing after a fire at a lithium battery plant in Hwaseong, south of Seoul, one of the worst chemical plant accidents
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(LEAD) S. Korea, U.S. hold new round of talks on defense cost sharing

(ATTN: UPDATES article as talks began) By Kim Seung-yeon SEOUL, June 25 (Yonhap) -- South Korea and the United States began a new round of negotiations Tuesday on sharing the cost for the upkeep of the 28,500-strong U.S. Forces Korea (USFK), Seoul
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N. Korea launches some 350 trash-carrying balloons overnight: Seoul military

SEOUL, June 25 (Yonhap) -- North Korea has launched around 350 trash-carrying balloons toward South Korea overnight, Seoul's military said Tuesday, in what marked the fifth launch of its kind since late last month.Some 100 balloons, mostly carryi
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(LEAD) Search continues for worker missing from battery plant fire

(ATTN: UPDATES with more info in last 2 paras)SEOUL, June 25 (Yonhap) -- Rescue workers continued searching Tuesday for a worker still missing after a fire at a lithium battery plant in Hwaseong, south of Seoul, one of the worst chemical plant accide
Tuesday's weather forecast

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SEOUL, June 25 (Yonhap) -- The following is the for South Korea's 12 major cities at 9:01 a.m. Tuesday.Temperature (C)ConditionPossibilityHigh/Lowof Rain (%)Seoul27/19Sunny10Incheon25/19Sunny0Suwon26/17Sunny0Cheongju28/19Sunny0Daejeon28/17Sunny0
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6 out of 10 car owners consider buying eco-friendly vehicle: poll

SEOUL, June 25 (Yonhap) -- Over 6 out of 10 automobile owners consider choosing eco-friendly vehicles as their next car, a poll showed Tuesday.According to the poll conducted recently by consumer data platform Open Survey on 1,500 adults, 39.7 percen
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Search continues for worker missing from battery plant fire

SEOUL, June 25 (Yonhap) -- Rescue workers continued searching Tuesday for a worker still missing after a fire at a lithium battery plant in Hwaseong, south of Seoul, one of the worst chemical plant accidents in the country.At least 22 workers, mostly
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Putin says ties with N. Korea raised to 'unprecedentedly high level' in thank-you message to Kim

SEOUL, June 25 (Yonhap) -- Russian President Vladimir Putin has thanked North Korean leader Kim Jong-un for showing heartfelt hospitality during his visit to Pyongyang last week, saying bilateral ties have been boosted to an "unprecedentedly hi
Top headlines in major S. Korean newspapers

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SEOUL, June 25 (Yonhap) -- The following are the top in major South Korean newspapers on June 25.Korean-language dailies-- 22 killed in Hwaseong lithium battery plant in 'worst disaster' (Kyunghyang Shinmun)-- 20 foreigners killed in fire th
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Consumer sentiment rebounds to 4-month high in June amid continued export recovery

SEOUL, June 25 (Yonhap) -- South Korea's consumer sentiment rebounded to a four-month high in June amid a recovery in exports and inflation moderation, a central bank poll showed Tuesday.The composite consumer sentiment index stood at 100.9 this
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Planned start of stricter rules on household loans to be postponed until September

SEOUL, June 25 (Yonhap) -- The financial regulator said Tuesday that the planned implementation of stricter rules on household loans will be postponed until the start of September amid various risk factors facing the financial market.The country was
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S. Korea, U.S. to hold new round of talks on defense cost sharing

By Kim Seung-yeon SEOUL, June 25 (Yonhap) -- South Korea and the United States were set to hold a new round of negotiations Tuesday on sharing the cost for the upkeep of the 28,500-strong U.S. Forces Korea (USFK), Seoul's foreign ministry officia
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U.S. official calls S. Korea, Japan 'good partners' in tackling Russia threats ahead of NATO summit

By Song Sang-hoWASHINGTON, June 24 (Yonhap) -- A U.S. diplomat on Monday described South Korea and Japan as "good partners" in addressing threats from Russia as he explained the North Atlantic Treaty Organization (NATO)'s growing part