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Retail sales up 10.6 pct in April amid eased virus curbs

SEOUL, May 30 (Yonhap) -- Retail sales in South Korea rose 10.6 percent on-year in April on the back of growing demand for fashion-related items and luxury goods amid eased antivirus curbs to support people's return to normalcy, the industry mini
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S. Korea to dole out compensation to 3.71 mln pandemic-hit merchants

SEOUL, May 30 (Yonhap) -- The government plans to provide cash handouts to 3.71 million small merchants in the latest move to support the struggling small businesses hit hard by the COVID-19 pandemic.On Sunday, the parliament passed a 62 trillion-won
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(LEAD) S. Korea rolls out measures to tame inflation, stabilize living conditions

(ATTN: UPDATES with finance minister's remarks, more details throughout)By Kim Soo-yeonSEJONG, May 30 (Yonhap) -- The finance ministry on Monday unveiled a set of measures to curb inflation and stabilize people's living conditions, including
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S. Korea rolls out measures to tame inflation, stabilize living conditions

By Kim Soo-yeonSEJONG, May 30 (Yonhap) -- The finance ministry on Monday unveiled a set of measures to curb inflation and stabilize people's living conditions, including the removal of import duties on key foodstuffs, amid concerns that mounting
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Ratio of renewable energy-based power generation hits new high in 2021

SEOUL, May 30 (Yonhap) -- The amount of electricity generated from renewable energy in South Korea touched an all-time high in 2021 on government efforts to cut greenhouse gas emissions, data showed Monday.Electricity produced from renewable energy s
Top headlines in major S. Korean newspapers

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SEOUL, May 30 (Yonhap) -- The following are the top in major South Korean newspapers on May 30.Korean-language dailies-- S. Korea wins 2 top awards at Cannes (Kyunghyang Shinmun)-- Smear campaigns rampant nationwide ahead of local elections (Kookmin
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Gov't to expand subsidies to diesel truck, taxi drivers next month

SEOUL, May 30 (Yonhap) -- The government will provide more subsidies to cargo truck drivers and others using diesel vehicles as part of efforts to ease their burden from rising fuel costs, the transport ministry said Monday.The average retail price o
Nuclear safety commission OKs restart of Kori No. 2 reactor

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SEOUL, May 27 (Yonhap) -- South Korea's nuclear safety commission on Friday approved the resumption of an old nuclear reactor in the southeastern port city of Busan following a monthslong regular checkup, its officials said.The Nuclear Safety and
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(LEAD) S. Korea culls more than 1,000 pigs to prevent spread of swine fever

(ATTN: ADDS more details in paras 5, 8)SEOUL, May 27 (Yonhap) -- South Korea has slaughtered more than 1,000 pigs to try to stem the spread of African swine fever (ASF) following its first outbreak of the virus this year, the agriculture ministry sai
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S. Korea culls more than 1,000 pigs to prevent spread of swine fever

SEOUL, May 27 (Yonhap) -- South Korea has slaughtered more than 1,000 pigs to try to stem the spread of African swine fever (ASF) following its first outbreak of the virus this year, the agriculture ministry said Friday.The animal disease broke out a
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(LEAD) S. Korea asks for EU's revision to single-use plastic ban directive

(ATTN: ADDS more photos)SEOUL, May 27 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun on Friday asked for the European Union to review its directive on single-use plastics, saying the rule has even regulated eco-friendly items and limited K
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Card payments jump in April on eased virus curbs: Hyundai Card

SEOUL, May 27 (Yonhap) -- Major card firm Hyundai Card Corp. said Friday its credit card users' payments soared in April amid eased anti-virus restrictions. Hyundai Card said users spent a total of 8.69 trillion won (US$6.92 billion) for travel,
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Inflation growth to top 5 pct for some time: finance minister

SEOUL, May 27 (Yonhap) -- South Korea's inflation growth is expected to exceed 5 percent for a certain period of time due to upward price pressure caused by soaring energy costs and the economic recovery, the finance minister said Friday.Finance
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POSCO Chemical, GM pick Quebec as site for US$327 mln joint cathode plant

SEOUL, May 27 (Yonhap) -- South Korean chemical maker POSCO Chemical Co. said Friday it is building a US$327 million cathode plant with General Motors Co. in the Canadian city of Quebec to supply the key electric vehicle battery component to the U.S.
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Air Premia to open 1st outbound passenger route next month

SEOUL, May 27 (Yonhap) -- Air Premia Co., a South Korean budget carrier, said Friday it will open its first outbound passenger route next month as travel demand recovers amid eased COVID-19 virus curbs.Air Premia will begin providing flights on the I
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Budget carriers set to take off after long slump: brokerage

SEOUL, May 27 (Yonhap) -- South Korea's top no-frills airline Jeju Air Co. and other key industry players are on course to bounce back from a yearslong slump on the back of rising international travel demand, a local brokerage house said Friday.J
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S. Korea asks for EU's revision to single-use plastic ban directive

SEOUL, May 27 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun on Friday asked for the European Union to review its directive on single-use plastics, saying the rule has even regulated eco-friendly items and limited Korean firms' market
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S. Korea faces worst trade terms ever in April amid soaring oil, commodity prices

SEOUL, May 27 (Yonhap) -- South Korea's terms of trade hit the worst point ever in April as import prices rose at a fast pace due to surging costs of buying oil and commodities, central bank data showed Friday.The nation's net terms-of-trade
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Moody's lowers S. Korea's growth outlook to 2.5 pct

SEOUL, May 26 (Yonhap) -- Moody's Investors Service on Thursday forecast South Korea economy will grow 2.5 percent this year, 0.2 percentage point lower than its previous outlook. The credit ratings agency revised its forecast, citing risks from
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Starbucks opens its 1st store inside subway station in S. Korea

SEOUL, May 26 (Yonhap) -- Starbucks Korea said Thursday it has opened its first store inside a subway station in Seoul as part of its expansion strategy in Asia's fourth-largest economy.The new branch opened on May 12 inside Gangnam station in a