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• (EDITORIAL from Korea Times on March 29)

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  Escalating tensionsMore efforts needed to stop nuclear game of chickenEvery year, two things show spring has come to the Korean Peninsula ― flowers and war games.This year, two things are different from the past. First, the military drills imagine no
• (EDITORIAL from Korea Herald on March 29)

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  Mounting debt problemsAuthorities must take proactive measures to defuse ticking household, PF loan bombsThe banking crisis, sparked by a loss of confidence by depositors and investors, toppled several banks in the US and Switzerland. It is now sprea
• Top headlines in major S. Korean newspapers

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  SEOUL, March 29 (Yonhap) -- The following are the top in major South Korean newspapers on March 29.Korean-language dailies-- Pyongyang unveils nuclear warheads; Seoul vows 'not one single penny' for N. Korea (Kyunghyang Shinmun)-- N. Korea u
• Inflation expectations inch down for March despite worries over utility bills

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  SEOUL, March 29 (Yonhap) -- South Korea's inflation expectations inched down for March despite worries over rising public utility bills, a central bank survey showed Wednesday.Ordinary people expected consumer prices to rise 3.9 percent for the y
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  Kia unveils EV9 SUV ahead of launch in S. Korea in Q2

  SEOUL, March 29 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker by sales, on Wednesday unveiled the all-electric EV9 flagship SUV ahead of its domestic launch in the second quarter. The EV9 is Kia's second model equipped with Hyu
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  ASEAN-plus-3 nations to discuss financial cooperation in Bali this week

  SEOUL, March 28 (Yonhap) -- South Korea, China, Japan and the Association of Southeast Asian Nations (ASEAN) will hold a meeting of vice finance ministers and senior central bank officials in Bali this week for talks on their multilateral currency sw
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  Ruling party lawmaker raps Naver for 'deceiving' users

  SEOUL, March 28 (Yonhap) -- The secretary general of the ruling People Power Party on Tuesday lashed out at Naver Corp. for "deceiving" consumers with its dominant market status and vowed to push for a law revision to uproot such behavior
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  (LEAD) S. Korea to strengthen defense and welfare, boost fiscal health in 2024 budget

  (ATTN: ADDS Yoon's remarks in paras 4-5)SEOUL, March 28 (Yonhap) -- South Korea will focus next year's fiscal policy on better ensuring national security by underpinning defense and public safety, and creating more jobs for young people to pr
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  Wage workers' debt rises 7 pct; loans to young people jump 15 pct in 2021

  SEOUL, March 28 (Yonhap) -- Debt held by South Korean wage workers in their 20s jumped 15 percent on-year in 2021, much higher than 7 percent growth on average for all wage workers, data showed Tuesday.Bank and nonbank loans extended to paid workers
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  Trade terms continue to fall in Feb. on faster export price fall

  SEOUL, March 28 (Yonhap) -- South Korea's terms of trade worsened for the 23rd straight month in February as export prices fell faster than import prices, central bank data showed Tuesday.The country's net terms-of-trade index for goods came
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  Retail sales up 8 pct in February amid return to pre-pandemic normalcy

  SEOUL, March 28 (Yonhap) -- Retail sales in South Korea grew 7.9 percent on-year in February on rising demand for fashion, tourism and other items as people increasingly adapted to post-pandemic life amid eased antivirus restrictions, the industry mi
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  S. Korea to offer record high tax incentives this year

  SEOUL, March 28 (Yonhap) -- South Korea's tax exemptions and incentives for this year are expected to hit an all-time high of 69.3 trillion won (US$53.48 billion), as the country seeks to better support vulnerable people and spur economic growth,
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  S. Korea to strengthen defense and welfare, boost fiscal health in 2024 budget

  SEOUL, March 28 (Yonhap) -- South Korea will focus next year's fiscal policy on better ensuring national security by underpinning defense and public safety, and creating more jobs for young people to prop up the economy, the finance ministry said
• Top headlines in major S. Korean newspapers

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  SEOUL, March 28 (Yonhap) -- The following are the top in major South Korean newspapers on March 28.Korean-language dailies-- With civic groups' absence, gov't carbon neutrality commission's debate was filled with complaints, not opinions
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  Duty-free sales up nearly 37 pct on-month in Feb. after China's reopening

  SEOUL, March 27 (Yonhap) -- South Korea's duty-free sales rose nearly 37 percent on-month in February, industry data showed Monday, as China resumed short-term entry for Korean travelers.Combined sales at duty-free shops in Asia's fourth-larg
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  Hitejinro's soju exports hit record high of US$120 mln in 2022

  SEOUL, March 27 (Yonhap) -- Hitejinro Co., South Korea's leading beverage company, said Monday its annual exports of soju hit a new record high last year, thanks to the Korean distilled liquor's surging global popularity. Hitejinro said it po
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  Hyundai Glovis signs MOU with GS Energy on ammonia, hydrogen partnership

  SEOUL, March 27 (Yonhap) -- Hyundai Glovis Co. said Monday it has signed a memorandum of understanding (MOU) with GS Energy Corp. for a collaboration in the production and delivery of ammonia and hydrogen as it accelerates its clean energy drive. Und
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  (LEAD) Local banks show no signs of withdrawal problems: regulator

  (ATTN: ADDS details in paras 6-7)SEOUL, March 27 (Yonhap) -- South Korea's financial regulator said Monday that local banks showed no signs of abnormality in their withdrawal and deposit operations.The assessment by the Financial Supervisory Serv
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  Value of construction contracts dips 18.4 pct in Q4

  SEOUL, March 27 (Yonhap) -- The value of construction contracts in South Korea tumbled nearly 19 percent in the fourth quarter of 2022 amid a slumping housing market, government data showed Monday.Civilian and public work contracts in Asia's four
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  Local banks show no signs of withdrawal problems: regulator

  SEOUL, March 27 (Yonhap) -- South Korea's financial regulator said Monday that local banks showed no signs of abnormality in their withdrawal and deposit operations.The assessment by the Financial Supervisory Service (FSS) came amid concerns of a