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(2nd LD) S. Korea announces plan to launch space rocket on June 21 after replacing defective part

(ATTN: ADDS more details in paras 9-10; RECASTS headline, lead)SEOUL June 17 (Yonhap) -- South Korea announced Friday it plans to launch its homegrown space rocket next week, after aerospace engineers replaced a malfunctioning part in the oxidizer ta
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(LEAD) S. Korea plans to launch space rocket on June 21 following cancellation over tech glitch

(ATTN: ADDS more details, background, photo; RECASTS headline, lead)SEOUL June 17 (Yonhap) -- South Korea plans to launch its homegrown space rocket next week, after a last-minute technical glitch in the oxidizer tank sensor forced the country to cal
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S. Korea seeks to launch space rocket on June 21 following cancellation over tech glitch

SEOUL June 17 (Yonhap) -- South Korea is seeking to launch its homegrown space rocket next week, after a last-minute technical glitch in the oxidizer tank sensor forced the country to call off the rocket launch this week, officials said Friday.The Ko
(URGENT) S. Korea seeks to launch space rocket Nuri on June 21: science ministry

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(LEAD) S. Korean economy feared to lose steam amid external uncertainty: gov't

(ATTN: UPDATES with more details in paras 3, 7-11)By Kim Soo-yeonSEJONG, June 17 (Yonhap) -- The South Korean economy is at the risk of losing steam as deteriorating external economic conditions are feared to dent investment and export growth amid hi
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Overseas direct investment more than doubles in Q1 amid post-pandemic recovery

SEOUL, June 17 (Yonhap) -- South Korea's overseas direct investment more than doubled on-year in the first quarter of this year amid an economic recovery from the COVID-19 pandemic, the finance ministry said Friday.The value of investments made o
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S. Korean economy feared to lose steam amid external uncertainty: gov't

SEJONG, June 17 (Yonhap) -- The South Korean economy is at the risk of losing steam as deteriorating external economic conditions are feared to dent investment and export growth amid high inflation, the finance ministry said Friday.Market volatility
(EDITORIAL from Korea Times on June 17)

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Urgent structural reformTime to focus on boosting growth potentialSouth Korea finds it ever more difficult to maintain financial and economic stability amid growing inflationary pressure and fears of a recession. The situation is getting worse as the
(EDITORIAL from Korea Herald on June 17)

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Wrong signalMinistry accepts nearly all of unionized cargo truckers' demands to end strikeThe 22,000-strong Cargo Truckers Solidarity, in affiliation with the Korean Confederation of Trade Unions, have put an end to their walkout eight days after
Top headlines in major S. Korean newspapers

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SEOUL, June 17 (Yonhap) -- The following are the top in major South Korean newspapers on June 17.Korean-language dailies-- Fruitless trickle-down effect policy renewed after 5 yrs (Kyunghyang Shinmun)-- Corporate taxes to be lowered from 25 percent
Hyundai, Kia's Europe sales up 9.8 pct in May on strong EV demand

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SEOUL, June 16 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. saw their sales in Europe rise 9.8 percent last month from a year earlier, backed by strong demand for electric vehicles, data showed Thursday. Hyundai and Kia sold a combined 9
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(LEAD) Technical inspection of Nuri space rocket under way after canceled launch

(ATTN: UPDATES with details throughout; REWRITES lead)SEOUL, June 16 (Yonhap) -- South Korean aerospace engineers were inspecting the country's homegrown Nuri space rocket Thursday, a day after a last-minute technical glitch in the oxidizer tank
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S. Korea's bourse operator holds investor relations sessions in San Diego

SEOUL, June 16 (Yonhap) -- South Korea's bourse operator said Thursday it has held investor relations (IR) sessions in the United States to woo promising firms there to go public on the country's tech-laden KOSDAQ market.Some 100 entrepreneur
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(2nd LD) S. Korea to closely monitor market after Fed's aggressive monetary tightening

(ATTN: UPDATES market data; ADDS more info)SEOUL, June 16 (Yonhap) -- South Korea will keep close tabs on the financial market following the Federal Reserve's overnight rate hike decision as worries are growing over heightening volatility from th
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Court rules against KT employees in peak wage system suits

By Kim Han-jooSEOUL, June 16 (Yonhap) -- A Seoul court on Thursday ruled against more than 1,000 employees of KT Corp. seeking reimbursement for what they claimed were wages lost due to the peak wage system.A total of 1,312 incumbent and former KT em
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(2nd LD) S. Korea to ease regulations, cut taxes under new economic policy road map

(ATTN: RECASTS lead to clarify)By Kim Soo-yeonSEOUL, June 16 (Yonhap) -- South Korea said Thursday it will ease regulations and lower corporate taxes in the first major economic policy step by the government of President Yoon Suk-yeol, as it aims to
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Korean Air to levy record fuel surcharges on int'l routes in July

SEOUL, June 16 (Yonhap) -- Korean Air Lines Co. is set to impose record fuel surcharges on international routes in July amid soaring jet fuel prices, industry sources said Thursday.Starting July 1, South Korea's top air carrier will apply a 42,90
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(LEAD) S. Korea to ease regulations, cut taxes under new economic policy road map

(ATTN: UPDATES with more details in paras 6-7)By Kim Soo-yeonSEOUL, June 16 (Yonhap) -- South Korea will ease regulations and lower corporate taxes in the first major economic step by new President Yoon Suk-yeol to try to support private sector-led e
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(News Focus) Tax cut drive feared to worsen fiscal health; focus on rich, biz circles draws criticism

By Kim Soo-yeonSEOUL, June 16 (Yonhap) -- South Korea's plan to cut taxes is aimed at supporting private sector-led economic growth, but could conflict with the government's avowed goal of improving its fiscal health.The tax cuts are mostly m
Gist of new government's economic policy direction

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SEOUL, June 16 (Yonhap) -- The following are the key economic policy goals under the government of President Yoon Suk-yeol. The economic policy road map centers on deregulation and tax cuts in a bid to support the economic growth led by the private s