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Girl 7 killed by suicide jumper plunging from 10th floor in South Korea
A SEVEN-YEAR-OLD South Korean girl has died after being struck by the body of a man as he plunged from his tenth-floor apartment in an apparent suicide, a report said. The 40-year-old man jumped from the flat in the southern port of Busan on Wednesday evening and hit the daughter of his neighbour who was emerging from the apartment building, SBS TV station said. The man, identified by his ...
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S.Korea commission to probe $20 bln river project
SEOUL (AFP) - A South Korean government commission will probe a $20 billion effort to dredge, dam and beautify four major rivers that has been tainted by charges of environmental damage, cost-overruns and corruption.A statement from the Prime Minister's Office on Friday said 20 officials and experts would be drafted onto the commission which will begin its work next month.Revitalising the ...
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Household income in S. Korea grows slower in Q1
Household income in South Korea grew at a slower pace in the first quarter as a wage increase slowed amid the sluggish economic growth, a government report showed Friday.Monthly average income of households with more than two family members increased 1.7 percent from a year earlier to 4,193,000 won (3,722 US dollars) in the first quarter, according to the Ministry of Strategy and Finance.The ...
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Pyongyang proposes joint event with South Korea
Two businessmen shed tears when listening to an introduction to the history of Kaesong Industrial Complex on Thursday. Representatives of South Korean enterprises based in the complex held a meeting on Thursday, urging North and South Korea to allow businessmen to enter the complex. Photo: CFP The Democratic People's Republic of Korea (DPRK) Wednesday sent a fax to propose joint ...
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Suicidal jumper’s fall kills girl in South Korea
South Korean police say a suicidal man jumping to his death killed a five-year-old girl by falling on her as she walked with her parents outside an apartment ...
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Seoul shares edge up 0.2 pct helped by banks insurers
SEOUL | Fri May 24, 2013 2:11am EDT SEOUL May 24 (Reuters) - Seoul shares rose 0.2 percent on Friday, after moving in and out of the positive territory, helped by firm gains in insurers and banks. But rises were capped amid concerns about reduced monetary stimulus in the United States and a slowdown in the Chinese economy. The Korea Composite Stock Price Index finished up 0.22 percent ...
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EADS offers $2.0 bln sweetener for S.Korea jet deal
SEOUL (AFP) - European aerospace giant EADS has offered a $2.0 billion investment sweetener as it seeks to edge out US rivals for a contract to provide 60 advanced fighter planes to South Korea.The consortium announced in a statement Thursday it would pump the cash into a separate South Korean project to develop its own advanced fighter jets, if EADS is chosen for the combat aircraft contract ...
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S.Koreas Q1 disposable income grows but pace slows
SEOUL | Thu May 23, 2013 10:59pm EDT SEOUL May 24 (Reuters) - South Korean households' disposable income grew for an eighth consecutive quarter on an annual basis but the pace slowed to a two-year low, data showed on Friday. In January-March, the average South Korean household saw disposable income rise by a real, or inflation-adjusted 0.3 percent over a year earlier, Statistics ...
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Seoul shares steady on banks autos but gains seen capped
Thu May 23, 2013 10:29pm EDT * KOSPI edges up, but rises limited amid foreign selling * Banks, autos fuel upside momentum * Oil price fall hurts refiners, chemical companies SEOUL, May 24 - Seoul shares edged up on Friday helped by auto and banking stocks, regaining some of the ground lost a day earlier on weak Chinese manufacturing data and concerns about less monetary stimulus in the United ...
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Unemployment Soars in March
Friday marks the third anniversary of South Korea's suspension of all inter-Korean exchanges and trade. Three years ago, the Lee Myung-bak administration imposed sanctions against the North after it sank the Navy corvette Cheonan in March that ...
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Seoul shares open up techs autos regain some lost ground
SEOUL | Thu May 23, 2013 8:14pm EDT SEOUL May 24 (Reuters) - Seoul shares opened higher on Friday as technology and auto stocks regained some of the ground lost a day earlier on weak Chinese manufacturing data and concerns about less monetary stimulus in the United States. The Korea Composite Stock Price Index was up 0.5 percent at 1,978.51 points as of 0004 GMT. (Reporting by ...
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REFILE-S.Korea BOK Kim warns of risks from global cen banks unwinding policy
Fri May 24, 2013 12:39am EDT (Drops word "monthly" in 3rd paragraph) SEOUL May 24 (Reuters) - South Korea's central bank chief warned on Friday that financial markets could suffer from turmoil when the world's major central banks wind down their unconventional monetary stimulus. "(Markets) could experience turmoil not just once but several times through such a process of (the ...
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Seoul shares seen lower amid worries over China U.S.
Thu May 23, 2013 7:46pm EDT SEOUL, May 24 - Seoul shares may open lower on Friday as investors digest weak Chinese manufacturing data and the possibility of less monetary stimulus in the United States, analysts said. "The prospects of an exit strategy by the U.S. Fed and weakness in Chinese PMI will continue to drag the market today," said Lee Kyoung-soo, a market analyst at Shinyoung ...
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Hainan to launch wedding tourism promotion in Seoul South Korea
In order to further explore the tourism market in Seoul, South Korea, a Hainan delegation will attend the 2013 Korea World Travel Fair and hold a Hainan wedding tourism promotion conference at the Lotte Hotel Seoul in Seoul city on May 30. About 30 representatives from tourism boards, travel agencies, scenic spots and hotels are going to attend the event, and the leader is the deputy director ...
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S Korea reports 9.8 drop in Aprils retail sales
(MENAFN) The South Korean Ministry of Trade, Industry and Energy (MOTIE) announced that the country's retail sales fell 9.8 percent last month from a year before, reported Xinhua News.The ministry said that in April, total sales at 3 major department stores, including Lotte, Shinsegae and Hyundai, posted a drop of 1.9 percent.It added that grocery sales, which make up over half of sales for ...
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North Korea tries fax diplomacy with Seoul
South Korean authorities said they received a faxed statement from North Korea proposing joint activities to mark the anniversary of a cooperation agreement. The Yonhap news agency reported Thursday an unnamed civic organization said a fax was sent from North Korea proposing a joint celebration to mark the anniversary of a June 2000 declaration for economic cooperation. Former South Korean ...
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S.Korea top think tank cuts growth inflation forecasts
South Korea's top government think tank recommended on Thursday the central bank keep monetary policy easy for the time being as the economy will likely grow much less than seen previously and inflation will hit a 14-year low.Asia's fourth largest economy is now expected to grow by 2.6 percent this year and annual average inflation will stand at 1.8 percent, which will mark the lowest ...
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Kuwait crude oil exports to S. Korea up 14.4 percent
WAM ABU DHABI, May 23rd, 2013 (WAM): Kuwait's crude oil exports to South Korea in April grew 14.4% from a year earlier to 11.08 million barrels, or 369,000 barrels per day (bpd), according to latest data released by the state-run Korea National Oil Corporation. As South Korea's number-two supplier, Kuwait provided 16.0% of the Asian nation's total crude oil imports in April, ...
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DPRK proposes to South Korea to mark 13th anniversary of Joint Declaration of June 15 2000
TOKYO, May 23 (Itar-Tass) - North Korea has proposed to South Korea to hold events to mark the 13th anniversary of the inter-Korean Joint Declaration of 15 June 2000, South Korea’s Yonhap news agency reported on ...
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Tokyo Seoul hold ugly nuclear option
if you are interested in contributing. North Korea's nuclear weapons program is undermining regional stability in Northeast Asia, with the present crisis on the Korean Peninsula again prompting the neighboring states into seriously reconsidering their national security policies. This is particularly the case for Japan, against which North Korea has deployed, ...
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Japans Gain Isnt South Koreas Pain
South Korea's economic problems aren't made in Japan. That isn't the way it looks in the two rival exporters' stock markets. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year. Part of that appears to have come at the expense ...
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Seoul shares drop 1.2 pct Nikkei China PMI spark investor jitters
Thu May 23, 2013 3:28am EDT * Chinese PMI, Nikkei tumble spark investor worries * Telcos find favour as investors seek high-dividend issues * Crude oil, chemicals issues lead falls SEOUL, May 23 (Reuters) - South Korean shares dropped 1.2 percent on Thursday after a slide in Japanese stocks and weak Chinese factory data hit investor sentiment, with chemical makers and energy-linked shares ...
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S.Korea to take 1st Iran LPG cargoes in 7 months -sources
SEOUL | Thu May 23, 2013 3:08am EDT SEOUL May 23 (Reuters) - South Korea will receive a shipment of Iranian liquefied petroleum gas (LPG) for the first time since imports were halted last October due to European sanctions that made it difficult to get shipping insurance, sources said on Thursday. South Korean LPG importer E1 Corp bought 33,000 tonnes of propane and 11,000 tonnes of ...
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S. Koreas economic growth to accelerate in 2014 think tank
South Korea's economic growth was expected to accelerate next year as the global economic recovery would improve both exports and domestic demand in Asia's No.4 economy, the state-run thank tank forecast Thursday.The South Korean economy was predicted to expand 2.6 percent in 2013 before jumping 3.6 percent in 2014, the Korea Development Institute (KDI) said in a report. The 2013 ...
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As yen tumbles Japans gain isnt S Koreas pain
South Korea's economic problems aren't made in Japan. That isn't the way it looks in the two rival exporters' stock markets. Investors convinced that Japan's weakening yen will help its companies claw global market-share back from Korean competitors have bought almost $75 billion worth of Japanese stocks so far this year. Part of that appears to have come at the expense ...
Seoul City Focus
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Seoul World Design Capital
In 2010, Seoul held the title of World Design Capital for the year, a coveted acknowledgment of the city’s progress in the development of its design-oriented industries and a foundation for the implementation of further development projects in preparation for 2010.
Seoul is a thriving global city of over 12 million people and the capital of South Korea, a country that has seen rapid development over the last few decades to become one of the newly emerged first world countries of the late 20th century. Read more
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