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Samsung Biologics to start operation of new facilities in April 2025

SEOUL, June 6 (Yonhap) -- Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Tuesday it will move up the operation of its new biomedicine production facility by five months in a way to deal with rising demand.The company
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Prices of clothes, shoes increase at fastest pace in 31 yrs in May

SEOUL, June 6 (Yonhap) -- Prices of clothes and shoes in South Korea rose at the fastest pace in 31 years last month as a growing number of people enjoyed outdoor activities after the yearslong pandemic, government data showed Tuesday.The price index
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Air passengers rise 24 pct on-year in May amid return to pre-pandemic normalcy

SEOUL, June 6 (Yonhap) -- The number of flight passengers using Korean flag air carriers rose nearly 24 percent in May from a year earlier amid a nationwide move to return to pre-pandemic normalcy, government data showed Tuesday.Korean airlines carri
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Toyota launches Crown CUV in S. Korea to boost sales

SEOUL, June 5 (Yonhap) -- Toyota Motor Korea on Monday launched the flagship Crown crossover as it beefs up its product lineup to boost sales, which remained weak for years due to trade tension between Seoul and Tokyo.The Crown crossover utility vehi
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(LEAD) Kia hires former BMW designer John Buckingham

(ATTN: UPDATES with details in last 3 paras)SEOUL, June 5 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker by sales, said Monday it has hired a former BMW exterior designer in the latest move to strengthen its design capabilities.John
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(LEAD) LG Electronics joins RE100 to tackle climate crisis

(ATTN: ADDS more info in last 5 paras)SEOUL, June 5 (Yonhap) -- LG Electronics Inc. said Monday it has joined RE100, a global corporate initiative aimed at shifting to 100 percent renewable electricity to lessen the impacts of worsening climate chang
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(LEAD) S. Korea to up service exports to US$250 bln by 2030

(ATTN: UPDATES throughout with details)By Kang Yoon-seungSEJONG, June 5 (Yonhap) -- South Korea's finance ministry said Monday the country plans to expand its service exports, including entertainment contents and health care, to US$250 billion by
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S. Korea to up service exports to US$250 bln by 2030

By Kang Yoon-seungSEJONG, June 5 (Yonhap) -- South Korea's finance ministry said Monday the country plans to expand its service exports, including entertainment contents and healthcare, to US$250 billion by 2030 with the goal of becoming the worl
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Kia hires former BMW designer John Buckingham

SEOUL, June 5 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker by sales, said Monday it has hired a former BMW exterior designer in the latest move to strengthen its design capabilities.John Buckingham began serving as head of Kia Nex
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Imported car sales fall 9.2 pct in May on lack of supply volumes

SEOUL, June 5 (Yonhap) -- Sales of imported vehicles in South Korea fell 9.2 percent last month from a year earlier due mainly to lack of supplies in some brands, an industry association said Monday.The number of newly registered imported vehicles ca
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LG Electronics joins RE100 to tackle climate crisis

SEOUL, June 5 (Yonhap) -- LG Electronics Inc. said Monday it has joined RE100, a global corporate initiative aimed at shifting to 100 percent renewable electricity to lessen the impacts of worsening climate change.The move came after LG, one of the w
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Foreign reserves down in May on strong dollar

SEOUL, June 5 (Yonhap) -- South Korea's foreign reserves fell in May as the dollar's ascent cut the conversion value of holdings in other currencies, central bank data showed Monday.The country's foreign reserves came to US$420.98 billion
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Nearly 550 S. Korean bio firms to attend Bio Int'l Convention

SEOUL, June 4 (Yonhap) -- Nearly 550 South Korean bio companies plan to take part in the Bio International Convention to be held in the United States this week to expand their global presence and boost technology cooperation with industry peers, Seou
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Senior citizens land low-wage jobs after retirement: report

SEOUL, June 4 (Yonhap) -- More than 3 out of 10 South Korean senior citizens work low-wage jobs after retirement to help cover their living costs, and their poverty rate still remains high among the members of the Organization for Economic Cooperatio
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E-book platform operator Millie to push for IPO again

SEOUL, June 2 (Yonhap) -- Millie, South Korea's leading e-book service platform, will push to go public once again after scrapping its plan last year, according to the country's bourse operator.The Korea Exchange (KRX) said Millie applied for
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(LEAD) POSCO Future M-GM venture to build battery precursor plant in N. America

(ATTN: RECASTS headline, paras 1-3 to clarify that the exact site for precursor plant has not been decided) By Kim Seung-yeon SEOUL, June 2 (Yonhap) -- POSCO Future M Co. said Friday it has agreed with U.S. General Motors Co. to build a facility to m
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POSCO Future M-GM venture to build battery precursor plant in Canada

By Kim Seung-yeon SEOUL, June 2 (Yonhap) -- POSCO Future M Co. said Friday it has agreed with U.S. General Motors Co. to build a facility to manufacture precursors, expanding the joint venture into the intermediate battery material. Ultium CAM, the j
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S. Korea, Japan to hold finance ministerial meeting this month in Tokyo

By Kang Yoon-seungSEOUL, June 2 (Yonhap) -- South Korea and Japan plan to hold a bilateral financial ministerial meeting this month, the finance ministry here said Friday, as the two countries are gearing up to normalize economic ties after several y
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Samsung Heavy wins 227.5 bln-won order for 2 crude carriers

SEOUL, June 2 (Yonhap) -- South Korean shipyard Samsung Heavy Industries Co. said Friday it has bagged a 227.5 billion-won (US$172 million) order to build two crude carriers for an Oceanian shipper.The crude carriers will be delivered to the undisclo
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Hyundai launches face-lifted Palisade SUV in S. Korea

SEOUL, June 2 (Yonhap) -- Hyundai Motor Co. on Friday launched the face-lifted Palisade sport utility vehicle in the domestic market ahead of its shipments to the United States and emerging markets later this year.The upgraded Palisade comes with str