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(Yonhap Interview) European commissioner for justice hopes to expand bilateral cooperation with S. Korea

By Kim BoramSEOUL, April 14 (Yonhap) -- European Commissioner for Justice Didier Reynders said the European Union is hoping to boost bilateral cooperation with South Korea in expanding privacy and personal data exchanges based on strong commitment to
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Uncertainties remain for S. Korean economy but conditions will improve from second half of year: finance minister

By Byun Duk-kunWASHINGTON, April 13 (Yonhap) -- The South Korean economy continues to face uncertainties amid global price hikes but conditions are expected to improve from the second half of the year, the country's finance minister said Thursday
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S. Korea, Boeing to boost ties in aerospace, defense fields

SEOUL, April 13 (Yonhap) -- The South Korean government and Boeing discussed ways Thursday to enhance cooperation in aerospace and defense industry fields, through joint research and development projects and investment, Seoul's industry ministry
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Int'l passengers using Incheon airport likely to reach 76 pct of pre-pandemic level

SEOUL, April 13 (Yonhap) -- The number of international passengers traveling via Incheon International Airport, the main gateway to South Korea, is expected to recover this year to 76 percent of the normal pre-pandemic level, airport officials said T
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Asahi Europe & International announces global launch of Czech lager Kozel White in S. Korea

SEOUL, April 13 (Yonhap) -- AE Brands Korea, the regional branch of Asahi Europe & International Ltd., said Thursday it hopes to recreate the success of its dark beer Kozel, with the launch of a new lager unveiled in South Korea for the first time gl
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Biz associations of S. Korea, Japan to hold chairs' meeting in Busan

SEOUL, April 13 (Yonhap) -- Two major business organizations of South Korea and Japan will hold their top-level conference in the southeastern port city of Busan, the Korean business lobby said Thursday, restoring the annual gathering after a six-yea
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HD Korea Shipbuilding wins 225 bln-won order for 2 crude carriers

SEOUL, April 13 (Yonhap) -- HD Korea Shipbuilding & Offshore Engineering Co. said Thursday it has bagged a 225 billion-won (US$170.5 million) order to build two crude carriers for an African shipper.Hyundai Samho Heavy Industries Co., one of HD Korea
BOK, state pension operator sign US$35 bln FX swap deal

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SEOUL, April 13 (Yonhap) -- South Korea's central bank and state pension operator have agreed to open a currency swap line as part of efforts to ease market volatility, foreign currency authorities said Thursday.The agreement, which will run thro
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S. Korea sees soft landing in real estate market: finance minister

By Kang Yoon-seungSEOUL, April 13 (Yonhap) -- South Korea's real estate market is leaning toward a soft landing on the back of a slew of deregulations and revamped taxation rules, the country's chief economic policymaker has said, amid woes o
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Number of foreign farming workers spikes in Q1 amid eased virus curbs

SEOUL, April 13 (Yonhap) -- The number of foreigners working in South Korea's agricultural industry spiked 531 percent on-year in the first quarter amid eased COVID-19 restrictions, data showed Thursday.A total of 8,666 foreigners came to South K
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Hyundai launches Kona Electric to strengthen EV lineup

SEOUL, April 13 (Yonhap) -- South Korea's Hyundai Motor Co. on Thursday launched the Kona Electric compact crossover in the domestic market as it strives to beef up its electric vehicle lineup. The all-new Kona Electric comes with a 64.8 kilowatt
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LG Chem joins hands with U.S. renewable chemical company to develop bioplastic material

SEOUL, April 13 (Yonhap) -- LG Chem Ltd., South Korea's top chemical company, said Thursday it has entered an agreement with a U.S. renewable chemical firm to develop and commercialize a raw material for bioplastics.LG Chem signed the joint devel
Import prices up in March for 2nd month on weaker won

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SEOUL, April 13 (Yonhap) -- South Korea's import prices rose for the second straight month in March as a weaker won raised the cost of purchasing chemical and metal goods, central bank data showed Thursday.The import price index rose 0.8 percent
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Lotte department store to feature artwork from Japanese architect Kengo Kuma

SEOUL, April 12 (Yonhap) -- Lotte Shopping Co. said Wednesday it will exhibit an installation from renowned Japanese architect Kengo Kuma at its high-end department store in southern Seoul starting this week.The artwork, titled SU:M, will be on displ
M2N to raise 10 bln won via stock sale

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SEOUL, April 12 (Yonhap) -- M2N Co.on Wednesday announced that it will sell stock to raise 10 billion won (US$7.5 million). The proceeds from the stock offering will be used primarily to pay off its debts.According to a regulatory filing, the company
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Hyundai Glovis reaffirms no plan for shipper takeover

SEOUL, April 12 (Yonhap) -- South Korean logistics firm Hyundai Glovis Co. reaffirmed Wednesday that it has no plan to acquire HMM Co., the top container shipper in the country."We don't have any plan to purchase HMM and will focus on mobil
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(LEAD) Global EV battery market to grow fivefold to US$616 bln in 2035: market tracker

(ATTN: ADDS more details from seminar in last 5 paras)SEOUL, April 12 (Yonhap) -- The global electric vehicle (EV) battery market is forecast to post rapid growth to US$616 billion in 2035, a market tracker said Wednesday, with the China-based produc
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Taming inflation still priority for S. Korea: finance minister

SEOUL, April 12 (Yonhap) -- South Korea's finance minister has said that taming inflation is still a priority for Asia's No. 4 economy, rather than taking measures to revitalize the slowing economy."Stabilizing inflation is still a prio
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Global EV battery market to grow fivefold to US$616 bln in 2035: market tracker

SEOUL, April 12 (Yonhap) -- The global electric vehicle (EV) battery market is forecast to post rapid growth to US$616 billion in 2035, a market tracker said Wednesday, with the China-based production likely to sharply shrink amid the EV-related poli
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S. Korea expresses hope over closer ties with Portugal in renewable energy

SEOUL, April 12 (Yonhap) -- South Korea's trade minister on Wednesday expressed hope for forging closer ties with Portugal in the renewable energy sector.Industry Minister Lee Chang-yang made the remark during a business forum attended by Portugu