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Bakery chain Paris Baguette opens 3 more stores in Indonesia

SEOUL, May 18 (Yonhap) -- South Korean food and beverage giant SPC Group said Wednesday its bakery-cafe chain Paris Baguette has opened three more stores in Indonesia in a bid to expand its presence there.The new outlets, which opened in Jakarta and
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FSC official calls for beefed-up financial market monitoring amid rising uncertainty

SEOUL, May 18 (Yonhap) -- South Korea needs to keep close tabs on financial market situations with a "sense of crisis" that many potential risks facing the country could turn into reality at any time, a top financial regulator said Wednes
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Hyundai to launch upgraded Palisade SUV this week

SEOUL, May 18 (Yonhap) -- South Korean automaker Hyundai Motor Co. said Wednesday it will launch the upgraded Palisade SUV in the domestic market this week amid the prolonged global chip shortage. The face-lifted Palisade comes with a 3.8-liter gasol
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Samsung Electronics reigns as best-run firm in S. Korea in 2021

SEOUL, May 18 (Yonhap) -- Global tech behemoth Samsung Electronics Co. was ranked as the best-managed company among South Korea's top 500 businesses in 2021 to retain the top spot for three years running, a corporate tracker said Wednesday.Samsun
SK inks initial deal with U.S. firm in push to enter small-sized nuclear reactor biz

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SEOUL, May 17 (Yonhap) -- SK Inc., the holding firm of South Korea's No. 2 conglomerate SK Group, said Tuesday it has signed an initial agreement with a U.S. nuclear power venture founded by Microsoft founder Bill Gates, as it seeks to tap into t
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Hyundai Construction Equipment tops Indian excavator market in April

SEOUL, May 17 (Yonhap) -- South Korean construction machinery maker Hyundai Construction Equipment Co. said Tuesday it captured the top spot in India's excavator market in April for the first time, outselling Japanese and Chinese rivals.Hyundai C
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S. Korea to offer more diesel subsidies to truck, taxi drivers

SEOUL, May 17 (Yonhap) -- South Korea plans to provide more subsidies to cargo truck and taxi drivers who are suffering from a hike in diesel prices in a bid to ease the burden from rising fuel costs, the finance ministry said Tuesday.The move came a
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Shipbuilder KSOE bags 1.17 tln-won order for 4 LNG carriers

SEOUL, May 17 (Yonhap) -- South Korean shipyard Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday it has won a 1.17 trillion-won (US$910 million) order to build four liquefied natural gas (LNG) carriers.Under the deal with an undisclo
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S. Korea to strengthen quarantine against animal diseases over rising int'l flights

SEOUL, May 17 (Yonhap) -- South Korea will step up quarantine efforts at major airports and harbors to prevent African swine fever (ASF) and other contagious animal diseases from entering the country, the agriculture ministry said Tuesday.The move co
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Samsung Heavy wins 862.3 bln-won order for 3 LNG carriers

SEOUL, May 17 (Yonhap) -- Samsung Heavy Industries Co., the world's No. 3 shipbuilder by order backlog, said Tuesday it has bagged a 862.3 billion-won (US$671 million) order to build three liquefied natural gas (LNG) carriers in Africa.Samsung He
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(LEAD) Top 500 firms' sales surpass 700 tln won in Q1

(ATTN: RECASTS paras 2, 5, 8 to correct figures) SEOUL, May 17 (Yonhap) -- The combined first-quarter sales of major firms in South Korea surpassed the 700 trillion-won (US$545 billion) mark for the first time on strong performances by chips, electro
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Air Seoul to resume Incheon-Boracay route next month

SEOUL, May 17 (Yonhap) -- Air Seoul Inc., a South Korean low-cost carrier, said Tuesday it will resume the Incheon-Boracay route next month to meet pent-up travel demand amid eased virus curbs. Air Seoul will provide four flights a week on the Boraca
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Nearly 4 in 10 listed firms cut workforce in 2021 amid pandemic

SEOUL, May 17 (Yonhap) -- Almost 4 in 10 South Korean listed companies trimmed their workforce in 2021 from a year earlier amid the prolonged coronavirus pandemic, a private think tank said Tuesday.The Korea Economic Research Institute (KERI) said a
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Top 500 firms' sales surpass 700 tln won in Q1

SEOUL, May 17 (Yonhap) -- The combined first-quarter sales of major firms in South Korea surpassed the 700 trillion-won (US$545 billion) mark for the first time on strong performances by chips, electronics, petrochemicals and auto manufacturers, a co
Top headlines in major S. Korean newspapers

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SEOUL, May 17 (Yonhap) -- The following are the top in major South Korean newspapers on May 17.Korean-language dailies-- Yoon gives first budget speech at National Assembly (Kyunghyang Shinmun)-- Yoon asks ruling, opposition parties to approve PM no
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IPEF will help enhance economic ties with Indo-Pacific countries: White House

By Byun Duk-kunWASHINGTON, May 16 (Yonhap) -- The U.S.-proposed Indo-Pacific Economic Framework (IPEF) will help further enhance the country's economic relations with countries in the region, a White House spokesperson said Monday.Karine Jean-Pie
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SsangYong Motor's net losses narrow in Q1 on exports

SEOUL, May 16 (Yonhap) -- SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Monday its net losses narrowed in the first quarter on increased exports.Net losses for the three months ended in March narrowed to
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S. Korean biz groups examine U.S. operations, investments ahead of Biden visit

SEOUL, May 16 (Yonhap) -- Major South Korean business groups were reassessing their U.S. operations and investments, industry officials said Monday, as the upcoming summit between South Korea and the U.S. is expected to strengthen cooperation in key
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(LEAD) Crypto investor probed for alleged trespassing at Terraform CEO's home

(ATTN: CHANGES headline; UPDATES with more info in paras 2, 5)By Kim Han-jooSEOUL, May 16 (Yonhap) -- A crypto investor accused of trespassing at the apartment of Do Kwon, co-founder and CEO of Terraform Labs, underwent a police investigation in Seou
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SC Bank Korea's Q1 net jumps 51 pct on increased interest income

SEOUL, May 16 (Yonhap) -- Standard Chartered Bank Korea said Monday its first-quarter net profit soared more than 50 percent from a year ago on solid interest revenue.Consolidated net profit stood at 102.9 billion won (US$80.1 million) in the January