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Vice gender equality minister calls for advanced payment system for child support

SEOUL, May 22 (Yonhap) -- The vice gender minister has urged parliamentary passage of legislation calling for the state to provide divorced single-parent households with child-rearing expenses first and then recoup the money from the divorced spouse.
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(LEAD) Kakao fined record 15.1 bln won for leak of open chat users' personal data

(ATTN: ADDS Kakao's response in last 3 paras)SEOUL, May 23 (Yonhap) -- The privacy watchdog fined Kakao Corp., the operator of South Korea's dominant mobile messenger, 15.1 billion won (US$11 million) Thursday for the leak of about 65,000 use
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Court rejects popera star Kim's request to delay arrest warrant hearing

SEOUL, May 23 (Yonhap) -- Embattled popera star Kim Ho-joong requested the court Thursday to postpone its hearing scheduled to determine whether to issue an arrest warrant for him on reckless driving charges, but the court refused. The previous day,
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S. Korea, China, Japan to hold 1st trilateral summit in 4 1/2 years in Seoul next week

By Kim Eun-jungSEOUL, May 23 (Yonhap) -- Leaders of South Korea, China and Japan will hold a long-suspended trilateral summit in Seoul next week for the first time in 4 1/2 years, the presidential office said Thursday.President Yoon Suk Yeol will mee
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(Yonhap Feature) S. Korean border troops harness AI-powered surveillance tech against N.K. threats

By Chae Yun-hwanYEONCHEON, South Korea, May 23 (Yonhap) -- Perched atop a border hill in the center of the Korean Peninsula, a South Korean military outpost overlooks rugged North Korean terrain concealed by heavy morning fog and early summer foliage
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(2nd LD) N.K. leader praises construction workers of newly built ruling party training school

(ATTN: ADDS more info in paras 3-5, photo)By Kim Han-jooSEOUL, May 23 (Yonhap) -- North Korean leader Kim Jong-un has praised construction workers of a newly built school for the country's ruling party officials, state media reported Thursday.Kim
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(URGENT) S. Korea, China, Japan to discuss six areas of cooperation at Seoul summit

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(URGENT) S. Korea, China, Japan to hold trilateral summit in Seoul on May 26-27: Yoon's office

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(2nd LD) BOK extends rate freeze amid inflation woes, ups 2024 growth estimate

(ATTN: ADDS more details in paras 6-10, 23-26; CHANGES 1st photo)SEOUL, May 23 (Yonhap) -- South Korea's central bank froze its key rate for the 11th straight session Thursday, given still-high inflation and a faster-than-expected growth projecti
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Insurance firms' Q1 net falls 11 pct on-year due to sharp drop in investment returns

SEOUL, May 23 (Yonhap) -- Insurance companies in South Korea saw their combined net profit shrink more than 11 percent from a year earlier in the first three months of the year, data showed Thursday.The combined net profit of 22 life insurers and 31
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Inflation-adjusted household income falls by most in 7 years in Q1

By Oh Seok-minSEOUL, May 23 (Yonhap) -- South Korea's household income rose 1.4 percent on-year in the first quarter of 2024, but the inflation-adjusted figure fell by the largest margin in seven years amid still-high prices and falling wages, da
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Kakao fined record 15.1 bln won for leak of open chat users' personal data

SEOUL, May 23 (Yonhap) -- The privacy watchdog fined Kakao Corp., the operator of South Korea's dominant mobile messenger, 15.1 billion won (US$11 million) Thursday for the leak of about 65,000 users' personal data, the highest penalty ever i
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S. Korea unveils 26 tln-won support package for chip industry

By Kim Eun-jungSEOUL, May 23 (Yonhap) -- President Yoon Suk Yeol said Thursday South Korea will introduce a chip industry support package worth 26 trillion won (US$19 billion) to bolster the critical industry amid intensifying global competition.The
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(URGENT) One BOK board member sees the possibility of a rate cut within 3 months: chief

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(URGENT) Upward inflationary pressure clouds any rate cut outlook during the second half: BOK chief

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(URGENT) Domestic demand likely to grow more than expected at 1.8 pct this year: BOK chief

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(URGENT) Robust IT sector, strong U.S economy expected to boost Korea's growth rate: BOK chief

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(URGENT) BOK's rate freeze decision was unanimous: chief

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(LEAD) N.K. leader praises construction workers of newly built ruling party training school

(ATTN: ADDS byline, comments from Seoul's unification ministry)By Kim Han-jooSEOUL, May 23 (Yonhap) -- North Korean leader Kim Jong-un has praised construction workers of a newly built school for the country's ruling party officials, state me
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(LEAD) BOK extends rate freeze amid inflation woes, ups 2024 growth estimate

(ATTN: CHANGES headline; ADDS more details in paras 5, 11-12)SEOUL, May 23 (Yonhap) -- South Korea's central bank froze its key rate for the 11th straight session Thursday given still-high inflation and a faster-than-expected growth projection fo