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  Five Guys to open 1st store in South Korea this month

  SEOUL, June 15 (Yonhap) -- South Korea's first Five Guys burger restaurant will open in Gangnam, southern Seoul, later this month, its operator said Thursday. The two-story store with about 150 seats will open in the bustling commercial district
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  S. Korea to review ways to foster content industry to become world's No. 4

  SEJONG, June 15 (Yonhap) -- South Korea's finance minister said Thursday the government will proactively review supportive measures for entertainment content producers, amid the global success of locally made movies and dramas.The plan comes in l
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  (LEAD) S. Korea, Ecuador seek stronger economic ties through envisioned trade deal

  (ATTN: REPLACES photo)SEOUL, June 15 (Yonhap) -- South Korea and Ecuador on Thursday discussed ways to expedite the establishment of a bilateral free trade deal to boost trade and investment and to deepen industry ties, Seoul's trade ministry sai
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  S. Korea, Qatar sign investment agreements on trade, intellectual property

  SEOUL, June 15 (Yonhap) -- South Korea and Qatar signed initial agreements on trade, intellectual property and the smart farm sector Thursday as they seek to enhance bilateral economic and industry ties, Seoul's industry ministry said.The Korea T
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  (LEAD) Regulator slaps 60.8 bln-won fine on Hoban Construction for internal trading

  (ATTN: UPDATES with more details in last 3 paras)By Kang Yoon-seungSEJONG, June 15 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to slap a fine of 60.8 billion won (US$47.7 million) on Hoban Construction Co. for unfai
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  Regulator slaps 60.8 bln-won fine on Hoban Construction for internal trading

  By Kang Yoon-seungSEJONG, June 15 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to slap a fine of 60.8 billion won (US$47.7 million) on Hoban Construction Co. for unfair internal trading that benefited affiliates led
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  S. Korea lifts standstill order against foot-and-mouth disease

  SEOUL, June 15 (Yonhap) -- South Korea on Thursday lowered the crisis level of foot-and-mouth disease (FMD) and lifted a standstill order imposed in central reasons, as it has not seen an additional animal case over the past month, the agriculture mi
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  (LEAD) Hyundai invests 1.3 tln won in startups for future mobility partnerships

  (ATTN: UPDATES with details in paras 4, 7-8, photo)SEOUL, June 15 (Yonhap) -- Hyundai Motor Group said Thursday it has invested 1.3 trillion won (US$1.02 billion) in global startups in the electrification, artificial intelligence (AI) and autonomous
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  (News Focus) Fed rate freeze gives dovish BOK breathing room, but woes linger

  By Kwak Young-supSEOUL, June 15 (Yonhap) -- The U.S. Federal Reserve's rate pause is widely seen as a brief respite for South Korea's dovish central bank amid concerns over the fallout from a high rate gap between the two countries.Yet the U.
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  Jeju Air to open routes to Oita, Hiroshima

  SEOUL, June 15 (Yonhap) -- Jeju Air Co. said Thursday it will open routes from Incheon to Oita and Hiroshima to absorb rapidly recovering air travel demand amid a nationwide move to return to pre-pandemic normalcy.South Korea's biggest low-cost c
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  Auto exports jump 50 pct in May on strong eco-friendly car sales

  SEOUL, June 15 (Yonhap) -- South Korea's car exports soared nearly 50 percent on-year in May driven by vibrant demand for eco-friendly cars, particularly in the U.S. market, the industry ministry said Thursday.The value of outbound shipments of a
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  Container freight rates for U.S., EU up in May: data

  SEJONG, June 15 (Yonhap) -- Outbound container shipping costs for major destinations, including the United States and the European Union, rose in May from a month earlier, data showed Thursday.The average rate for a 40-foot container from Asia's
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  Head of ING Korea named new chairperson of Seoul-based European biz chamber

  By Kim Seung-yeon SEOUL, June 15 (Yonhap) -- Philippe Van Hoof, the head of ING Korea, has been appointed as the new chairperson of the European Chamber of Commerce in Korea (ECCK), the business association said Thursday. Van Hoof will head the ECCK
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  S. Korea's fiscal deficit expands on-year in April

  SEJONG, June 15 (Yonhap) -- South Korea's fiscal deficit expanded in the first four months of 2023 from a year earlier amid economic uncertainties, data showed Thursday. The managed fiscal balance, a key gauge of fiscal health calculated on a str
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  Hyundai invests 1.3 tln won in startups for future mobility partnerships

  SEOUL, June 15 (Yonhap) -- Hyundai Motor Group said Thursday it has invested 1.3 trillion won (US$1.02 billion) in global startups in the electrification, artificial intelligence and autonomous driving sectors as part of its efforts to boost future m
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  S. Korea, Ecuador seek stronger economic ties through envisioned trade deal

  SEOUL, June 15 (Yonhap) -- South Korea and Ecuador on Thursday discussed ways to expedite the establishment of a bilateral free trade deal to boost trade and investment and to deepen industry ties, Seoul's trade ministry said.Negotiations are und
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  (LEAD) S. Korea to closely monitor financial market over U.S. rate freeze: Choo

  (ATTN: UPDATES with more details in last 4 paras)By Kang Yoon-seungSEJONG, June 15 (Yonhap) -- South Korea will continue to closely monitor the financial market amid lingering uncertainties in the monetary policies of major countries, the finance min
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  S. Korea to closely monitor financial market over U.S. rate freeze: Choo

  By Kang Yoon-seungSEJONG, June 15 (Yonhap) -- South Korea will continue to closely monitor the financial market amid lingering uncertainties in the monetary policies of major countries, the finance minister said Thursday, hours after the U.S. central
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  (2nd LD) IMO reviewing measures to respond to Japan's Fukushima water release: agency chief

  (ATTN: ADDS details about gov't plan on daily briefing in paras 11-12)By Oh Seok-minSEOUL, June 14 (Yonhap) -- The U.N. maritime safety agency is reviewing measures to respond to Japan's planned release of contaminated water from the Fukushim
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  Financially-troubled Fly Gangwon applies for court receivership

  SEOUL, June 14 (Yonhap) -- Fly Gangwon Co., a South Korean low-cost carrier, said Wednesday it applied for court receivership late last month, just days after halting operations due to snowballed losses.Fly Gangwon filed documents with the Seoul Bank