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S. Korea's trade terms down for 14th straight month in May

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SEOUL, June 29 (Yonhap) -- South Korea's terms of trade worsened for the 14th straight month in May due to fast-rising import prices of oil and other key commodities, central bank data showed Wednesday.The nation's net terms-of-trade index fo
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Biz leaders of S. Korea, Japan to hold annual meeting next week after nearly 3-year hiatus

SEOUL, June 29 (Yonhap) -- Business leaders of South Korea and Japan will hold their annual meeting early next week, the Federation of Korean Industries (FKI) said Wednesday, after a nearly three-year hiatus caused by the COVID-19 pandemic. The Korea
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S. Korea seeks nuclear power sales in Czech Republic

SEOUL, July 29 (Yonhap) -- South Korea's Industry Minister Lee Chang-yang has promoted the country's capabilities in the nuclear energy field during his visit to the Czech Republic to win a new power plant project there, his office said Wedne
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(LEAD) IEEE investigating Seoul Nat'l University AI paper accused of plagiarism: spokesperson

(ATTN: ADDS more info in paras 3, 7-8)SEOUL, June 29 (Yonhap) -- The Institute of Electrical and Electronics Engineers (IEEE), the world's largest technical professional organization, said Wednesday it has launched an investigation into a South K
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Lotte Chemical to invest additional 140 bln won to expand battery materials plant

SEOUL, June 29 (Yonhap) -- Lotte Chemical Corp. said Wednesday it will spend an additional 140 billion won (US$108.4 million) to expand its electrolyte solvent factory in South Korea to produce four core electrolyte materials vital to the fabrication
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(LEAD) Korean Air, Asiana resume Gimpo-Haneda route after 2-year suspension

(ATTN: UPDATES with more info in last 3 paras)SEOUL, June 29 (Yonhap) -- Korean Air Lines Co. and Asiana Airlines Inc., South Korea's two biggest carriers, on Wednesday resumed the Gimpo-Haneda route after a two-year suspension due to the COVID-1
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Hyundai to unveil 2nd dedicated EV model IONIQ 6 next month

SEOUL, June 29 (Yonhap) -- Hyundai Motor Co. said Wednesday it will unveil its second dedicated EV model IONIQ 6 at the Busan International Motor Show next month ahead of its local launch later this yearThe IONIQ 6 is the second model embedded with H
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LG Energy Solution to reconsider plan for Arizona plant amid rising costs

SEOUL, June 29 (Yonhap) -- LG Energy Solution Ltd. (LGES) has decided to reconsider its 1.7 trillion-won (US$1.31 billion) plan to build a new battery plant in the U.S. state of Arizona, as global inflation and a sharp fall of the Korean currency are
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Korean Air, Asiana resume Gimpo-Haneda route after 2-year suspension

SEOUL, June 29 (Yonhap) -- Korean Air Lines Co. and Asiana Airlines Inc., South Korea's two biggest carriers, on Wednesday resumed the Gimpo-Haneda route after a two-year suspension due to the COVID-19 pandemic. South Korea and Japan agreed to re
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(LEAD) Inflation expectations in S. Korea hit 10-yr high in June

(ATTN: ADDS more info throughout)SEOUL, June 29 (Yonhap) -- Inflation expectations in South Korea hit the highest level in about 10 years in June amid worries that prices are fast increasing due to high energy and commodity costs, a central bank repo
IEEE investigating Seoul Nat'l University AI paper accused of plagiarism: spokesperson

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SEOUL, June 29 (Yonhap) -- The Institute of Electrical and Electronics Engineers (IEEE), the world's largest technical professional organization, said Wednesday it has launched an investigation into a South Korean research paper accused of plagia
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(LEAD) BOK likely to lean more toward 'big-step' rate hike should June inflation hit 6 pct: official

(ATTN: ADDS market expectations, more info throughout, byline)By Koh Byung-joonSEOUL, June 29 (Yonhap) -- Demand for an unprecedented "big-step" rate hike among policymakers of the Bank of Korea (BOK) will likely intensify ahead of an upc
Top headlines in major S. Korean newspapers

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SEOUL, June 29 (Yonhap) -- The following are the top in major South Korean newspapers on June 29.Korean-language dailies-- Lee Myung-bak to be temporarily released from prison for 3 months (Kyunghyang Shinmun)-- Tide over challenges in era of resour
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Yoon to promote export of S. Korean nuclear power plants, weapons

By Lee Haye-ahMADRID, June 28 (Yonhap) -- President Yoon Suk-yeol will seek to promote the export of South Korean nuclear power plants and arms during his bilateral meetings with world leaders in Spain this week, a senior presidential official said T
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BOK likely to weigh more on 'big-step' rate hike should June inflation hit 6 pct: official

SEOUL, June 29 (Yonhap) -- Demand for an unprecedented "big-step" rate hike among policymakers of the Bank of Korea (BOK) will likely intensify ahead of an upcoming rate-setting meeting should the country's consumer prices in June ris
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Inflation expectations in S. Korea hit 10-yr high in June

SEOUL, June 29 (Yonhap) -- Inflation expectations in South Korea hit the highest level in about 10 years in June amid worries that prices are fast increasing due to high energy and commodity costs, a central bank report showed Wednesday.Ordinary peop
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U.S. treasury secretary to make 2-day trip to S. Korea in July

SEOUL, June 28 (Yonhap) -- U.S. Treasury Secretary Janet Yellen will make a two-day trip to South Korea next month and hold a meeting with Finance Minister Choo Kyung-ho to discuss bilateral and global economic issues, Seoul's finance ministry sa
Yonhap News Summary

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The following is the second summary of major stories moved by Yonhap News Agency on Tuesday.-----------------DP lawmaker denies ex-security adviser left for U.S. to avoid responsibility over fisheries official's deathSEOUL -- Former National Secu
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State-backed R&D spending for 2023 to rise 1.7 pct at 24.7 tln won

SEOUL, June 28 (Yonhap) -- South Korea on Tuesday said that it finalized 24.7 trillion won (US$19.2 billion) in investments next year in various state-funded research and development (R&D) projects, to strengthen competitiveness in the semiconductor,
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Internet-only Toss Bank racks up exponential growth despite pandemic

By Chung Joo-wonSEOUL, June 28 (Yonhap) -- Internet-only lender Toss Bank logged a rapid business expansion only nine months after its launch, backed by the convenience of mobile banking and services that target all ages, bank data showed Tuesday.Sin