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Seoul shares spike nearly 2 pct on export recovery despite dashed hope for Fed's early rate cuts

SEOUL, Feb. 1 (Yonhap) -- South Korean stocks rose by almost 2 percent Thursday despite overnight Wall Street losses, with techs and autos climbing as the nation's exports rose for the fourth month. The Korean won rose against the U.S. dollar.The
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Suspect in deadly Bundang stabbing rampage sentenced to life imprisonment

SEONGNAM, South Korea, Feb. 1 (Yonhap) -- A regional court sentenced the suspect behind last year's deadly stabbing rampage in Bundang to life in prison on Thursday.The 23-year-old suspect, Choi Won-jong, was charged with smashing his mother'
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S. Korea discloses symbol of S. Koreans abducted, detained by N. Korea

SEOUL, Feb. 1 (Yonhap) -- The unification ministry said Thursday it has created a symbol of South Koreans abducted and detained in North Korea with an image of three forget-me-nots in a bid to raise public awareness of the issue.The move is part of S
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DP passes controversial grain bill through committee despite Yoon's veto of similar bill

SEOUL, Feb. 1 (Yonhap) -- A bill requiring the government to take measures in case rice prices fall or rise sharply passed through a parliamentary committee controlled by the main opposition Democratic Party (DP) on Thursday, even though President Yo
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N. Korea's ruling party holds workshop to strengthen discipline

SEOUL, Feb. 1 (Yonhap) -- North Korea's ruling Workers' Party has hosted a workshop on party discipline for officials, state media said Thursday, in what appeared to be part of efforts to tighten its grip over its people.During the three-day
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(LEAD) Defense chief to embark on three-nation trip to Middle East

(ATTN: UPDATES with more details in last 5 paras)SEOUL, Feb. 1 (Yonhap) -- Defense Minister Shin Won-sik will embark on a series of visits to the United Arab Emirates, Saudi Arabia and Qatar on Thursday, his office said, in his first overseas trip si
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Senior U.S. official promises to consider S. Korea's concern over FEOC requirements for critical minerals

By Kim Seung-yeon SEOUL, Feb. 1 (Yonhap) -- The United States will make sure South Korea's concerns over the U.S. rules on limiting the sourcing of critical minerals and components for electric vehicles from China are "taken into account,&
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Yoon doubles down on plan to increase medical personnel

By Lee Haye-ahSEOUL, Feb. 1 (Yonhap) -- President Yoon Suk Yeol said Thursday he will support the expansion of medical personnel to address the shortage of health care providers in remote areas and essential medicine, doubling down on a plan fiercely
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U.S. 'encourages' S. Korea to allow time for feedback on proposed online platform rules: senior official

By Song Sang-hoWASHINGTON, Jan. 31 (Yonhap) -- A senior U.S. diplomat said Wednesday that the United States has "encouraged" South Korea to allow "all stakeholders" to have time to offer feedback on Seoul's proposed rules
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Online shopping hits record high in 2023 on high travel demand

SEOUL, Feb. 1 (Yonhap) -- Online shopping sales in South Korea reached an all-time high in 2023 on surging demand for travel and other services after the COVID-19 pandemic, data showed Thursday.The value of online shopping transactions amounted to 22
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Rival parties fine-tuning push to give small firms grace period from workplace safety laws

By Kim Han-jooSEOUL, Feb. 1 (Yonhap) -- Rival parties said Thursday they were fine-tuning a bill that would grant small businesses an additional two-year grace period from the workplace safety law penalizing employers for serious industrial accidents
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Seoul to launch river bus service along Han River in October

SEOUL, Feb. 1 (Yonhap) -- Boats will run in the Han River like buses starting in October on a seven-stop route between the northwestern district of Magok and the southeastern district of Jamsil, the Seoul city government said Thursday.The Hangang Riv
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DP vows to bury railways underground as campaign pledge ahead of April elections

SEOUL, Feb. 1 (Yonhap) -- The main opposition Democratic Party (DP) said Thursday it will seek to bury railways in Seoul and other major cities underground, and develop the newly created overland into an environmentally friendly residential complex.P
Seoul shares rise late Thu. morning as exports gain for 4th month

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SEOUL, Feb. 1 (Yonhap) -- South Korean stocks rose more than 1 percent late Thursday morning despite overnight Wall Street losses, as local blue chips gained momentum as the nation's exports rose for the fourth month. The benchmark Korea Composit
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S. Korea to join U.S.-led multinational air exercise in Guam

SEOUL, Feb. 1 (Yonhap) -- South Korea will join a large-scale U.S.-led multinational air exercise in Guam this month in an effort to strengthen operational capabilities with other nations, the Air Force said Thursday.The annual Cope North exercise wi
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(2nd LD) Cuba's new envoy to N.K. assumes post amid Pyongyang's move to resume diplomacy

(ATTN: CORRECTS number of N. Korea's diplomatic missions in para 10; UPDATES throughout with more details)SEOUL, Feb. 1 (Yonhap) -- Cuba's new ambassador to North Korea has begun his duties, according to the North's state media Thursday,
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GS Engineering ordered to halt operations for 8 months over parking garage collapse

SEOUL, Feb. 1 (Yonhap) -- The government on Thursday imposed an eight-month business suspension on GS Engineering & Construction Corp. over the collapse of a parking garage at an apartment construction site in Incheon last year. The land ministry sai
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BOK chief voices need to keep restrictive monetary policy for long time

By Kim Na-youngSEOUL, Feb. 1 (Yonhap) -- Bank of Korea (BOK) Gov. Rhee Chang-yong said Thursday that monetary policy needs to stay restrictive for a long time, reaffirming the central bank's commitment to bringing inflation down.Rhee said the BOK
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S. Korea joins U.S., others in condemning Myanmar military on 3rd anniv. of coup

SEOUL, Feb. 1 (Yonhap) -- The top diplomats of South Korea, the United States and other countries issued a joint statement Thursday, urging the Myanmar military to immediately cease all violence against civilians on the third anniversary of its milit
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S. Korea, EU discuss economy, financial cooperation

SEOUL, Feb. 1 (Yonhap) -- South Korea and the European Union have discussed ways of stronger cooperation on economic and financial issues of mutual interests, Seoul's finance ministry said Thursday.The 11th round of the director-level South Korea