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(LEAD) S. Korea's economy grows slower than earlier predicted in Q1 amid weak investment, spending

(ATTN: ADDS data on GNI in last 2 paras)SEOUL, June 8 (Yonhap) -- South Korea's economy grew at a slightly slower pace than earlier predicted in the first quarter of this year as investment and spending weakened amid lingering worries over the co
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Hanwha Q Cells to build solar power plant in Wyoming

SEOUL, June 8 (Yonhap) -- Hanwha Q Cells, the solar solutions unit of South Korean conglomerate Hanwha Group, said Wednesday it is building a new solar power plant in the U.S. state of Wyoming under an electricity supply deal with an energy firm.The
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S. Korea's economy grows slower than earlier predicted in Q1 amid weak investment, spending

SEOUL, June 8 (Yonhap) -- South Korea's economy grew at a slightly slower pace than earlier predicted in the first quarter of this year as investment and spending weakened amid lingering worries over the coronavirus pandemic, central bank data sh
(URGENT) S. Korea's Q1 economic growth revised down to 0.6 pct: BOK

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(3rd LD) Cargo truckers go on general strike, demanding extension of basic freight rate system

(ATTN: UPDATES with more info in paras 4-5)SEOUL, June 7 (Yonhap) -- Unionized cargo truckers nationwide went on a general strike Tuesday, demanding the government extend a freight rate system guaranteeing basic wages for truck drivers to cope with s
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(LEAD) DSME wins 1.07 tln-won order for 4 LNG carriers from S. Korean consortium

(ATTN: ADDS KSOE's order in paras 9-12)SEOUL, June 7 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday it has clinched a 1.07 trillion-won (US$850 million) order to build four liquefied natural gas
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Vice finance minister to leave for Paris for OECD council meeting

SEOUL, June 7 (Yonhap) -- First Vice Finance Minister Bang Ki-sun plans to visit France this week to attend a ministerial council meeting of the Organization for Economic Cooperation and Development (OECD) to discuss the fallout of the Ukraine crisis
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(2nd LD) Cargo truckers go on general strike, demanding extension of basic freight rate system

(ATTN: ADDS figure of participants in 4th para, transport ministry's response in last 4 paras)SEOUL, June 7 (Yonhap) -- Unionized cargo truckers nationwide went on a general strike Tuesday, demanding the government extend a freight rate system gu
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Jeju Air aims for turnaround next year on pent-up demand

SEOUL, June 7 (Yonhap) -- Jeju Air Co., South Korea's biggest low-cost carrier, said Tuesday it is targeting to turn around next year as eased virus restrictions unleash pent-up travel demand.Jeju Air posted net losses for three consecutive years
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DSME wins 1.07 tln-won order for 4 LNG carries from Qatar

SEOUL, June 7 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday it has clinched a 1.07 trillion-won (US$850 million) order to build four liquefied natural gas (LNG) carriers under a deal with a Qatari
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S. Korea seeks legislation on policy support for stable supply chains

SEOUL, June 7 (Yonhap) -- South Korea plans to seek legislation on state policy measures to secure stable supply chains amid heightened economic uncertainty, the finance minister said Tuesday.The government will push to submit a set of three bills th
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Soaring grain prices put most smaller food firms in a fix: poll

SEOUL, June 7 (Yonhap) -- More than 8 in 10 smaller food firms in South Korea have taken a hit from sky-high international grain prices caused by extreme weather events and Russia's invasion of Ukraine, a poll showed Tuesday.The survey of 213 sma
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S. Korea forms pan-gov't negotiation team for IPEF

SEOUL, June 7 (Yonhap) -- South Korea has formed a governmentwide negotiation team for upcoming consultations with member nations of the newly launched Indo-Pacific Economic Framework (IPEF), the trade ministry said Tuesday.Last month, the country an
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LG Uplus to release limited 'Diablo Immortal' Galaxy S22

SEOUL, June 7 (Yonhap) -- LG Uplus Corp., South Korea's third-largest mobile carrier, said Tuesday it plans to release a limited Samsung Galaxy S22 smartphone model themed on the newly released "Diablo Immortal" mobile game by Blizzar
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SPC Group acquires French restaurant chain Lina's

SEOUL, June 7 (Yonhap) -- South Korean food and beverage giant SPC Group said Tuesday it has acquired French restaurant chain Lina's to ramp up its global business.SPC Group, operator of bakery chain Paris Baguette, said its European holding comp
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Imported car sales down 2.4 pct in May amid chip shortage

SEOUL, June 7 (Yonhap) -- Sales of imported vehicles in South Korea fell 2.4 percent last month from a year earlier as a chip shortage continued to affect vehicle production, an industry association said Tuesday.The number of newly registered foreign
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Card spending climbs 11 pct in April on eased COVID-19 rules

SEOUL, June 7 (Yonhap) -- Card use for settlement in South Korea swelled 11 percent in April on softer anti-coronavirus rules with spending on travel and transportation spiking, data showed Tuesday, in a sign of the country's consumption returnin
Top headlines in major S. Korean newspapers

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SEOUL, June 7 (Yonhap) -- The following are the top in major South Korean newspapers on June 7.Korean-language dailies-- Yoon vows stern response to N. Korea's provocation, no mention of dialogue, peace (Kyunghyang Shinmun)-- Painting at 24, act
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Foreign reserves down in May for 3rd month amid forex market volatility

SEOUL, June 7 (Yonhap) -- South Korea's foreign reserves declined for the third straight month in May as the government unloaded the greenback to prevent the local currency from sharply weakening, central bank data showed Tuesday.The country'
Kumho Petrochemical to invest 6 tln won for future growth

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SEOUL, June 6 (Yonhap) -- Kumho Petrochemical Group said Monday it will invest 6 trillion won (US$4.8 billion) in existing and new growth businesses, such as electric vehicle materials and biotechnology, over the next five years. The petrochemical gr