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  S. Korea's senior citizens suffer high rate of relative poverty: report

  SEOUL, April 6 (Yonhap) -- The relative poverty rate of South Korean senior citizens has been on the decline, but is still high among member countries of the Organization for Economic Cooperation and Development (OECD) amid rapid aging, a report show
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  (LEAD) Int'l flights to quarantine-free nations to increase sharply starting in May: interior minister

  (ATTN: ADDS more details in paras 6-8, 10)SEOUL, April 6 (Yonhap) -- The government will increase the weekly number of international flights to the United States, Europe and other COVID-19 quarantine-free nations by 100 flights every month starting i
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  S. Korean shipbuilders rank first in Q1 new global orders

  SEOUL, April 6 (Yonhap) -- South Korean shipbuilders won half of new global ship orders in the first quarter of the year to take the top spot in the world, industry data showed Wednesday.Local shipyards, led by Hyundai Heavy Industries Co., clinched
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  Internet-only K-Bank flies high after 5 yrs of operation

  SEOUL, April 6 (Yonhap) -- K-Bank, a South Korean internet-only bank, said Wednesday that it garnered more than 7.5 million customers in five years of its launch thanks to a steep increase in mid- and low-credit loans and the rising popularity of mob
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  Int'l flights to quarantine-free nations to increase sharply starting in May: interior minister

  SEOUL, April 6 (Yonhap) -- The government will increase the weekly number of international flights to the United States, Europe and other COVID-19 quarantine-free nations by 100 flights every month starting in May in line with growing demand for over
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  ADB cuts 2022 growth estimate for S. Korean economy to 3 pct

  SEOUL, April 6 (Yonhap) -- The Asian Development Bank (ADB) on Wednesday lowered its 2022 growth outlook for the South Korean economy to 3 percent amid the upsurge in COVID-19 cases and the Ukraine crisis.The latest estimate by the Manila-based bank
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  Kia vehicle sales jump 18 pct in India in March

  SEOUL, April 6 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Wednesday its on-year vehicle sales jumped 18 percent in India last month on demand for its multipurpose model.Kia sold 22,622 vehicles in India last month, marking
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  Sanctions on big S. Korean firms rise 10.4 pct in 2021

  SEOUL, April 6 (Yonhap) -- Domestic and foreign sanctions on big South Korean firms increased more than 10 percent on-year in 2021 with the amount of fines on them soaring over 50 percent, a corporate tracker said Wednesday.Local and overseas regulat
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  SEOUL, April 6 (Yonhap) -- The following are the top in major South Korean newspapers on April 6.Korean-language dailies-- Inflation tops 4 pct for 1st time in over 10 years in March (Kyunghyang Shinmun)-- With no change in wages, high inflation wei
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  (LEAD) Edison Motors appeals court decision to nullify SsangYong restructuring plan

  (ATTN: ADDS comments from Edison in paras 4-5, more details in paras 8-9) SEOUL, April 5 (Yonhap) -- Edison Motors Co. has appealed a court decision nullifying a restructuring plan for SsangYong Motor Co. following the collapse of the deal to acquire
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  S. Korea, Australia discuss U.S.-proposed economic framework, supply chains

  SEOUL, April 5 (Yonhap) -- Top trade officials of South Korea and Australia vowed Tuesday to boost cooperation on the U.S.-led economic initiative in the Indo-Pacific region and other trade issues, such as supply chains, Seoul's trade ministry sa
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  Edison Motors appeals court decision to nullify SsangYong restructuring plan

  SEOUL, April 5 (Yonhap) -- Edison Motors Co. has appealed a court decision nullifying a restructuring plan for SsangYong Motor Co. following the collapse of the deal to acquire the debt-ridden carmaker due to its payment failure, a filing showed Tues
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  (4th LD) Soaring energy costs push up inflation growth to over 4 pct in March

  (ATTN: REWRITES lead; ADDS more info in paras 14-16, 28)By Kim Soo-yeonSEOUL, April 5 (Yonhap) -- South Korea's consumer prices grew more than 4 percent for the first time in more than 10 years in March as energy prices jumped amid Russia's i
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  (4th LD) S. Korea to expand fuel tax cuts amid surging energy prices

  (ATTN: ADDS info in paras 2-3)SEJONG, April 5 (Yonhap) -- South Korea will expand tax cuts on fuel consumption for the next three months as part of efforts to ease inflation pressure that has been building up amid surging energy prices, the country&#
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  (3rd LD) S. Korea to expand fuel tax cuts amid surging energy prices

  (ATTN: ADDS gov't meeting with local refineries in paras 12-13)SEJONG, April 5 (Yonhap) -- South Korea will expand tax cuts on fuel consumption as part of efforts to ease inflation pressure that has been building up amid surging energy prices, th
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  (2nd LD) S. Korea to expand fuel tax cuts amid surging energy prices

  (ATTN: ADDS more info in last 2 paras)SEJONG, April 5 (Yonhap) -- South Korea will expand tax cuts on fuel consumption as part of efforts to ease inflation pressure that has been building up amid surging energy prices, the country's top economic
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  National debt hits record high in 2021 amid pandemic

  By Kim Soo-yeonSEOUL, April 5 (Yonhap) -- South Korea's national debt rose to a record high last year as the government boosted a debt sale to fund its expansionary fiscal spending to ride out the COVID-19 pandemic-caused slump, the finance minis
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  (3rd LD) Soaring energy costs push up inflation growth to over 4 pct in March

  (ATTN: ADDS BOK's outlooks in paras 19-21)By Kim Soo-yeonSEOUL, April 5 (Yonhap) -- South Korea's consumer prices grew more than 4 percent for the first time in more than 10 years in March as energy prices jumped amid Russia's invasion of
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  (2nd LD) Soaring energy costs push up inflation growth to over 4 pct in March

  (ATTN: UPDATES with more details in paras 10, 14-16, 21-23)By Kim Soo-yeonSEOUL, April 5 (Yonhap) -- South Korea's consumer prices grew more than 4 percent for the first time in more than 10 years in March as energy prices jumped amid Russia'
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  Imported car sales dip 8.7 pct in March amid chip shortages

  SEOUL, April 5 (Yonhap) -- Sales of imported vehicles in South Korea fell 8.7 percent in March as chip shortages continued to affect vehicle production, an industry association said Tuesday.The number of newly registered foreign vehicles fell to 24,9