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251 cow farms under quarantine against FMD

CHEONGJU, South Korea, May 15 (Yonhap) -- More than 250 cow farms in a local city where the first cases of foot-and-mouth disease (FMD) had broken out in South Korea are subject to government-led quarantine inspections to prevent the further spread o
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Asiana Airlines' Q1 net losses widen on weak won

SEOUL, May 15 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier by sales, said Monday its net losses widened in the first quarter from a year earlier as a weak won drove up operating costs. Net losses deepened to 54.36 billio
NVH Korea to raise 30 bln won via stock offering

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SEOUL, May 15 (Yonhap) -- NVH Korea Inc. on Monday announced that it will sell stock to raise 30 billion won(US$22.4 million). The proceeds from the stock sale will be used mainly to finance its facilities.According to a regulatory filing, the compan
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(LEAD) S. Korea, Indonesia to discuss stronger ties on nuclear energy, key minerals

(ATTN: ADDS plan to build joint research center in last 3 paras)SEOUL, May 15 (Yonhap) -- South Korea and Indonesia will discuss ways to boost bilateral cooperation on nuclear power generation, supply chains of major minerals and other advanced indus
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(LEAD) HMM Q1 net sinks over 90 pct on lower shipping rates

(RECASTS headline, lead to highlight net income; UPDATES throughout)SEOUL, May 15 (Yonhap) -- HMM Co. said Monday its first-quarter earnings tumbled more than 90 percent on-year on sluggish shipping rates amid decreased cargo volume.Net profit came t
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HMM Q1 operating income sinks over 90 pct on weaker shipping rates

SEOUL, May 15 (Yonhap) -- HMM Co. said Monday its first-quarter operating profit tumbled more than 90 percent on-year amid sluggish shipping rates.Operating income came to 306.9 billion won (US$230 million) in the January-March period, down 90.3 perc
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BMW to build new R&D center in S. Korea by 2024

SEOUL, May 15 (Yonhap) -- BMW Group Korea said Monday it has started the construction of a new research and development center near Seoul to strengthen cooperation with South Korean partners in future mobility solutions.In 2015, the German carmaker o
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S. Korea, Indonesia to discuss stronger ties on nuclear energy, key minerals

SEOUL, May 15 (Yonhap) -- South Korea and Indonesia will discuss ways to boost bilateral cooperation on nuclear power generation, supply chains of major minerals and other advanced industry sectors, Seoul's industry ministry said Monday.First Vic
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(2nd LD) S. Korea to hike Q2 electricity, gas rates by 5.3 pct on high costs, losses

(ATTN: ADDS increase ratio, more details throughout)SEOUL, May 15 (Yonhap) -- South Korea will raise second-quarter electricity rates and gas prices by 5.3 percent on-year on high global energy costs and mounting losses of state utility companies, th
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Container freight rates for major destinations fall on-month in April

SEOUL, May 15 (Yonhap) -- Outbound container shipping costs for major destinations, including the U.S. west coast and the European Union, slipped in April from a month earlier, data showed Monday.The average rate for a 40-foot container from Asia'
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(LEAD) S. Korea to hike Q2 electricity, gas rates on high costs, losses

(ATTN: ADDS more details, comments in last 9 paras)SEOUL, May 15 (Yonhap) -- South Korea will raise second-quarter electricity rates and gas prices on high global energy costs and mounting losses of state utility companies, the industry ministry said
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S. Korea to hike Q2 electricity, gas rates on high costs, losses

SEOUL, May 15 (Yonhap) -- South Korea will raise second-quarter electricity rates and gas prices on high global energy costs and mounting losses of the state utility companies, the industry ministry said Monday.The government will jack up the electri
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S. Korea confirms additional foot-and-mouth disease case

SEOUL, May 14 (Yonhap) -- South Korea has confirmed an additional foot-and-mouth disease (FMD) case at a local firm, raising this year's total cases to six, the agriculture ministry said Sunday.The latest case was found at a beef cattle farm in J
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(LEAD) Gov't, ruling party to meet Monday over hike in electricity, gas rates for Q2

(ATTN: UPDATES with more details in paras 3,4,9-12)SEOUL, May 14 (Yonhap) -- The government and the ruling People Power Party (PPP) will hold a consultative meeting this week to decide on a hike in electricity and gas rates for the second quarter, of
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Gov't, ruling party to meet Monday over hike in electricity, gas rates for Q2

SEOUL, May 14 (Yonhap) -- The government and the ruling People Power Party (PPP) will hold a consultative meeting this week to decide on a hike in electricity and gas rates for the second quarter, officials said Sunday.The meeting will be held Monday
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Samsung head meets Tesla CEO Musk in U.S.

SEOUL, May 14 (Yonhap) -- Samsung Electronics Executive Chairman Lee Jae-yong met with Tesla CEO Elon Musk earlier this week, Samsung said Sunday, hinting at a potential business partnership between the world's leading chipmaker and the electric
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S. Korea to test radiation in ships' ballast water from 6 Japanese prefectures

SEOUL, May 14 (Yonhap) -- The oceans ministry said Sunday it plans to carry out a rapid radiation test on ballast water from ships departing from ports near Japan's Fukushima.The move came ahead of Japan's plan to discharge contaminated water
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Jobs for 40-somethings fall for 10th month amid manufacturing slump

SEOUL, May 14 (Yonhap) -- The number of jobs for people in their 40s in South Korea decreased for the 10th consecutive month in April, data showed Sunday, amid the protracted slump in the country's manufacturing industry.Jobs for the age group ha
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Choo highlights role of MDBs in tackling poverty in developing nations

By Kang Yoon-seungSEOUL, May 13 (Yonhap) -- South Korean Finance Minister Choo Kyung-ho emphasized the importance of multilateral development banks' role in tackling poverty in developing nations at a Group of Seven ministerial meeting, the minis
L&K Biomed to raise 36.6 bln won via stock offering

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SEOUL, May 12 (Yonhap) -- L&K Biomed Co.on Friday announced that it will sell stock to raise 36.6 billion won (US$27.4 million). The proceeds from the stock sale will be used mainly to pay off its debts.According to a regulatory filing, the company w