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Floor leader of main opposition party voices disappointment at Yoon's budget speech

SEOUL, Oct. 31 (Yonhap) -- The floor leader of the main opposition party on Tuesday voiced his disappointment at President Yoon Suk Yeol's budget speech, saying next year's state budget lacks funds needed to prepare for the future and support
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(4th LD) Ex-fiance of Olympic fencing medalist detained on fraud charges

(ATTN: RECASTS headline; UPDATES with more details in paras 1, 4-5) SEOUL/SEONGNAM, South Korea, Oct. 31 (Yonhap) -- Police detained the former fiance of Olympic fencing medalist Nam Hyun-hee for investigation on charges of fraud and attempted fraud,
Defense minister instructs new military chiefs to build 'overwhelming' defense posture against enemy

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SEOUL, Oct. 31 (Yonhap) -- South Korean Defense Minister Shin Won-sik called on new top military officers Tuesday to establish a defense posture that "overwhelms" the enemy amid Seoul's efforts to reinforce defense capabilities agains
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UNESCO's first international organization for documentary heritage to open in S. Korea

SEOUL, Oct. 31 (Yonhap) -- UNESCO's first international organization in the field of documentary heritage is set to open in the central city of Cheongju this week, the interior ministry said Tuesday.The International Centre for Documentary Herita
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Ruling party pushing to incorporate Gimpo, other adjacent cities into Seoul

By Kang Jae-eunSEOUL, Oct. 31 (Yonhap) -- The ruling People Power Party (PPP) is pushing to redraw the map to incorporate Gimpo and other small cities adjacent to Seoul into the sprawling capital, a move seen as aimed at boosting the party's chan
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(LEAD) 2 police officers wounded in knife attack in front of defense ministry

(ATTN: UPDATES with more details in paras 2, 5; REPLACES photo)SEOUL, Oct. 31 (Yonhap) -- A 77-year-old man passing by the defense ministry compound Tuesday took out a knife and stabbed two police officers guarding the compound, which also houses the
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Labor ministry to expand vocational training for migrant workers

SEOUL, Oct. 31 (Yonhap) -- The government plans to drastically expand specialized vocational training for foreign workers entering South Korea with the non-professional employment visa (E-9) to cope with growing labor shortages in the shipbuilding an
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(3rd LD) Detention warrant issued for ex-fiance of Olympic fencing medalist

(ATTN: UPDATES with more details in paras 8-10)SEOUL/SEONGNAM, South Korea, Oct. 31 (Yonhap) -- A Seoul court issued a warrant to detain the former fiance of Olympic fencing medalist Nam Hyun-hee for investigation on charges of fraud and attempted fr
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S. Korean military says hard to prejudge timing of N. Korea's spy satellite launch

SEOUL, Oct. 31 (Yonhap) -- South Korea's military said Tuesday it is difficult to prejudge the timing of North Korea's next launch of a military spy satellite as Pyongyang's proclaimed launch period is nearing its end.The recalcitrant reg
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N. Korea calls for attaining annual fisheries output goal

SEOUL, Oct. 31 (Yonhap) -- North Korea has called for efforts to meet its annual fisheries output goal, state media said Tuesday, as Pyongyang seeks to increase its grain and seafood production amid chronic food shortages."By successfully wrapp
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S. Korea's top nuclear envoy discusses N. Korea with U.S. think tank officials

SEOUL, Oct. 31 (Yonhap) -- South Korea's top nuclear envoy met with a delegation from a U.S. foreign policy think tank Tuesday to discuss North Korea's military cooperation with Russia and other North Korean issues, the foreign ministry said.
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(2nd LD) Detention warrant issued for ex-fiance of Olympic fencing medalist

(ATTN: UPDATES throughout with more details)SEOUL/SEONGNAM, South Korea, Oct. 31 (Yonhap) -- A Seoul court issued a warrant to detain the former fiance of Olympic fencing medalist Nam Hyun-hee for investigation on charges of fraud and attempted fraud
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Ex-ruling party lawmaker indicted on additional charges linked to development scandal

SEOUL, Oct. 31 (Yonhap) -- Prosecutors on Tuesday indicted former ruling party lawmaker Kwak Sang-do on additional charges of concealing criminal proceeds in connection with a high-profile property development scandal. Kwak was initially indicted on
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Feasibility study of KF-21 fighter jet suggests cut in initial production volume

By Kim Eun-jungSEOUL, Oct. 31 (Yonhap) -- A state-run defense research agency has suggested reducing the initial production volume of KF-21 homegrown fighter jets from the original plan due to uncertainties over the project, military officials said T
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2 police officers wounded in knife attack in front of defense ministry

SEOUL, Oct. 31 (Yonhap) -- A 77-year-old man passing by the defense ministry compound Tuesday took out a knife and stabbed two police officers guarding the compound, which also houses the presidential office.The man, identified by his family name Par
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S. Korea's trade terms improve for 4th month in September

SEOUL, Oct. 31 (Yonhap) -- South Korea's terms of trade rose for the fourth month in a row in September as import costs fell at a faster pace than export prices, central bank data showed Tuesday.The country's net terms-of-trade index for good
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Daily FX turnover drops in Q3 on reduced volatility, cross-border transactions

SEOUL, Oct. 31 (Yonhap) -- Daily foreign exchange (FX) trading by banks in South Korea declined in the third quarter of the year from a year earlier due to reduced volatility and reduced cross-border transactions, central bank data showed Tuesday.The
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Financial regulator to inspect all global IBs for illegal short selling

SEOUL, Oct. 31 (Yonhap) -- South Korea's financial regulator said Tuesday that it will inspect all global investment banks (IBs) in the country to check their stock short selling practices.The Financial Supervisory Service (FSS) said it will form
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Pyongyang's shutdown of overseas embassies sign of sluggish economy: unification ministry

By Lee MinjiSEOUL, Oct. 31 (Yonhap) -- North Korea's recent move to close its diplomatic missions in Angola and Uganda is an apparent sign of its faltering economy worsened by global sanctions, the unification ministry said Tuesday.The assessment
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(2nd LD) Yoon pledges to put top priority on stabilizing prices, livelihoods amid global economic challenges

(ATTN: UPDATES with more info throughout; ADDS photo)By Kim Han-jooSEOUL, Oct. 31 (Yonhap) -- President Yoon Suk Yeol pledged Tuesday to put the top priority on stabilizing prices and people's livelihoods amid global economic difficulties as he d