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China Launches First Home-grown Aircraft Carrier

[International] : China has launched its first home-grown aircraft carrier on Wednesday, moving closer to becoming a …[more…] …

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Competition Heats up to Acquire Dongbu Express Bus and Rent-a-car Units

About a dozen of buyers, including private equity firms and strategic investors, joined the race to acquire the non-logistics business of Dongbu Express. Dongwon Group is now pushing to sell the business in a package deal. The competition gets fiercer as many bidders have shown strong interest particularly in Dongbu Express Bus and Dongbu Rent-a-car. According to industry sources on April 25, as many as ten companies, including private equity firms Whale Investment and Keyston… …

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(EDITORIAL from Korea JoongAng Daily on April 27)

Justification for merger is needed The idea of forming a coalition among centrist and conservative candidates to jointly stop the leading liberal contender from making a dash toward the finish line has began to take form. Movements for merging pre …

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Park Was Lonely, Says Court Quack's Wife

Ex-President Park Geun-hye was lonely at the heart of her vaudeville court at Cheong Wa Dae, the wife of her quack doctor told a court Tuesday.The wife of cosmetic surgeon Kim Young-jae, who is on trial for perjury after denying he administered quack anti-aging treatments to Park, testified in the S… …

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[Editorial] Hyundai Motor persecutes whistleblower; is it really a global corporation?

After firing an employee who leaked information about faulty vehicles to the government and the media, Hyundai Motor has rejected the recommendation of South Korea‘s Anti-Corruption and Civil Rights C.. …

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North Korea loses world judo event because of security risk

North Korea will no longer host the judo world junior championships because of security risks amid rising political tens …

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May presents golden opportunity for getaway

Acting President and Prime Minister Hwang Kyo-ahn delivers a speech during a cabinet meeting at Seoul’s government complex on April 25. (Prime Minister’s Office) By Lee Hana “There should be an …

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KOSPI Hits Six-Year High before Closing up 0.5% at 2,207.84

[Economy] : The benchmark Korea Composite Stock Price Index(KOSPI) hit a six-year high during mid-day …[more…] …

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Jeju Air Posts Record-high Sales Revenue in 1Q despite Adversities

Jeju Air, a low-cost airline affiliated with Aekyung Group, hit record-high quarterly results on the first quarter of this year by posting sales of 240.2 billion won. The airliner said on April 26 in a regulatory filing that its sales revenue for the quarter was 240.2 billion won, up 38.6 percent from 173.2 billion won set in the same quarter last year. The company posted an operating profit of 27.2 billion won, 73.7 percent higher than a year ago, and a net profit of 17.0 billion won. Its op… …

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(4th LD) THAAD equipment installation underway amid residents' protests

(ATTN: UPDATES with details on THAAD in last 8 paras) By Lee Chi-dong SEOUL/SEONGJU, South Korea, April 26 (Yonhap) — U.S. troops in South Korea on Wednesday began installing the equipment for an advanced missile defense system at a site in a southe …

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KOSPI Soars Above 2,190 for 1st Time in 6 Years

The Korea Composite Stock Price Index rose to the highest point this year on Tuesday and the best close in six years.The KOSPI closed up 1.06 percent at 2,196.85 points, the highest since May 3, 2011. Foreign investors led gains by buying more than W650 billion worth of stocks (US$1=W1,127).Lee Kyun… …

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[Editorial] Neighboring countries need to work together to solve N. Korean nuke issue

The crisis on the Korean Peninsula reaches its climax on Apr. 25, North Korea’s Military Foundation Day, when the North might carry out a nuclear test. On Apr. 24, North Korea’s propaganda organs aim.. …

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S. Korean military to buy two more anti-ballistic missile radars

    South Korea said Tuesday it has decided to purchase two advanced early warning radars on incoming ballistic missiles …

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Korea, Tanzania discuss expanded cooperation

Tanzanian Minister of Foreign Affairs Augustine Mahiga (left) shakes hands with his Korean counterpart Yun Byung-se following a meeting in Seoul on April 24. (Ministry of Foreign Affairs) By Lee Hana …

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NYT: N. Korea's Nuclear Arsenal to Hit 50 by the End of Trump's Term

[International] : The New York Times says the Trump administration’s urgency in dealing with the North Korean …[more…] …

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Prime Office Building Transactions Hit Record High in 1Q

The amount of large-sized office building transactions reached 1.8 trillion won in the first quarter of this year, the highest since the statistics were compiled first in the first quarter of 2008. According to international real estate service provider Savills Korea on April 24, the transaction amount of office buildings wrapped up in the first quarter stood at about 1.8 trillion won. A Savills Korea official said, “The transaction volume increased as the deals for a number of buildin… …

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Presidential candidates clash over security, job creation in 4th TV debate

SEOUL, April 25 (Yonhap) – The top five presidential candidates on Tuesday clashed over security, job creation and economic polarization during their fourth televised debate with the election just two weeks away. During the nearly three-hour roundt …

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Korean Teenagers Study Hard But Feel Unhappy

Korean teenagers rank at the top in the OECD when it comes to academic performance but are among the unhappiest in the club of rich countries. They also start private tuition earlier than in any other country, suggesting that public education is failing them, talk less to their parents and spend the… …

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US strategic assets scramble to Korean Peninsula as Pyongyang marks major holiday

The United States has sent and is sending strategic assets toward the Korean Peninsula as a show of force timed to coinc …

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US 8th Army Begins Base Relocation from Seoul to Pyeongtaek

[Politics] : The U.S. Forces Korea has begun the relocation of its key commanding organization from the heart of Seoul to Pyeongtaek, Gyeonggi Province.[more…] …

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