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Regional GDP inches up in 2020 amid pandemic

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SEJONG, Dec. 27 (Yonhap) -- The gross regional domestic product (GRDP) for provinces and cities in South Korea inched up in 2020 from a year earlier amid restrictions on business operations caused by the pandemic, data showed Monday.According to the
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(LEAD) S. Korea to submit application for CPTPP in April: finance minister

(ATTN: ADDS remarks in last 4 paras, photo)SEOUL, Dec. 27 (Yonhap) -- South Korea will push to submit an official application to join a mega Asia-Pacific free trade agreement in April next year by speeding up the process of collecting public opinions
S. Korea to submit application for CPTPP in April: finance minister

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SEOUL, Dec. 27 (Yonhap) -- South Korea will push to submit an official application to join a mega Asia-Pacific free trade agreement in April next year by speeding up the process of collecting public opinions and building social consensus, the country
Samsung Heavy wins 240 bln won LNG ship order in Latin America

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SEOUL, Dec. 27 (Yonhap) -- Samsung Heavy Industries Co., the world's second-biggest shipbuilder by orders, said Monday it has received a 240 billion won (US$202 million) order to build a liquefied natural gas ship for a shipper in Latin America b
Korean Air ordered to temporarily suspend flights to Hong Kong due to virus infections

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SEOUL, Dec. 26 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, has been ordered to suspend flights to Hong Kong for two weeks due to coronavirus infections found among its passengers aboard a plane that landed there last we
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S. Korea's economy expected to rank 10th largest for 3 straight yrs in 2022: IMF

SEOUL, Dec. 26 (Yonhap) -- South Korea's economy is projected to continue to rank the 10th largest for three straight years in 2022 in terms of nominal gross domestic product (GDP), data from the International Monetary Fund showed Sunday. Accordi
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Yoon vows to fix tax system to stabilize housing market

SEOUL, Dec. 25 (Yonhap) -- Yoon Suk-yeol, the presidential nominee of the main opposition People Power Party (PPP), said Saturday he will fix the country's tax system to stabilize the housing market. "The current government thought soaring
Top headlines in major S. Korean newspapers

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SEOUL, Dec. 25 (Yonhap) -- The following are the top in major South Korean newspapers on Dec. 25.Korean-language dailies-- Candlelight government pardons Park Geun-hye (Kyunghyang Shinmun)-- About 70 days left to presidential election, Park Geun-hye
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Moon to hold luncheon with chiefs of conglomerates

SEOUL, Dec. 24 (Yonhap) -- President Moon Jae-in will hold a luncheon with the chiefs of conglomerates, including Samsung Electronics Vice Chairman Lee Jae-yong, to thank them for their participation in a government-led jobs project, Cheong Wa Dae sa
Kossen to raise 10 bln won via stock sale

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SEOUL, Dec. 24 (Yonhap) -- Kossen Co.on Friday announced that it will sell stocks to raise 10 billion won (US$8.4 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the co
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Air Premia opens cargo flights to Singapore

SEOUL, Dec. 24 (Yonhap) -- South Korean budget carrier Air Premia Co. said Friday it has opened its first international cargo flight to Singapore to focus on the cargo business amid the COVID-19 pandemic.Air Premia plans to operate the Incheon-Singap
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(LEAD) Kyobo Life fined for letting subsidiaries use trademark for free

(ATTN: CHANGES attribution in first 2 paras, company's response in para 4)SEOUL, Dec. 24 (Yonhap) -- South Korea's financial watchdog has ordered Kyobo Life Insurance Co. to pay a fine of 350 million won (US$295,000) for letting its subsidiar
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Number of one-person households jumps 27.5 pct over past 5 years

SEJONG, Dec. 24 (Yonhap) -- The number of single-member households in South Korea soared more than 27 percent in 2020 from five years earlier, government data showed Friday, amid a delay in marriage and a rapidly aging population.One-person families
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Kyobo Life fined for letting subsidiaries use trademark for free

SEOUL, Dec. 24 (Yonhap) -- South Korea's financial watchdog has ordered Kyobo Life Insurance Co. to pay a fine of 350 million won (US$295,000) for letting its subsidiaries use its brand for free, sources said Friday.The Financial Supervisory Serv
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Sales of imported commercial cars dip 23 pct in Nov.

SEOUL, Dec. 24 (Yonhap) -- Sales of imported commercial vehicles in South Korea fell 23 percent in November from a year earlier amid the extended COVID-19 pandemic, an industry association said Friday. The number of newly registered imported commerci
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BOK to adjust monetary policy next year amid inflation woes

SEOUL, Dec. 24 (Yonhap) -- South Korea's central bank said Friday that it will "appropriately" adjust its monetary policy next year, given a variety of factors that could quicken inflation, suggesting that it will maintain the move to
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(LEAD) Korean Air to secure 557.8 bln won in property sale

(ATTN: ADDS background in last 6 paras; MOVES up 1st photo; ADDS 2nd photo) SEOUL, Dec. 23 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, said Thursday it will secure 557.8 billion won (US$470 million) through a property s
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Korean Air to secure 557.8 bln won in property sale

SEOUL, Dec. 23 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, said Thursday it will secure 557.8 billion won (US$470 million) through a property sale as part of its efforts to improve its financial status amid a prolonged
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Unionized delivery workers at CJ Logistics to go on strike next week

SEOUL, Dec. 23 (Yonhap) -- Unionized delivery workers of South Korea's leading logistics firm CJ Logistics Corp. said Thursday they will launch a general strike next week, calling for better working conditions and steps to prevent overwork.Of 20,
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Gov't to improve regulations for commercial adoption of self-driving cars

SEOUL, Dec. 23 (Yonhap) -- The government unveiled a revised road map on improving regulations for self-driving cars Thursday to hasten their commercial adoption starting next year.The road map, confirmed at an interagency government meeting earlier