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White House delegation visits Seoul for summit preparations

A White House official handling Korea affairs arrived in Seoul Monday for a two-day visit to prepare for a summit betwee …

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"Euljiro Committee" Eyes Bigger Role and Power

Back in late March, the Euljiro Committee, a group that mediates industrial disputes and works to protect workers’ rights, visited the Bucheon city government, asking it to reexamine the land purchase contract with Shinsegae. Instead of making reexamination, the city government pushed to finalize the contract. In contrast, however, it was not easy for Shinsegae to ignore the committee’s request, particularly given that the status of the committee would likely to be greatly upgraded unde… …

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President names special envoys to US, China, Japan, Russia, EU

Chief presidential secretary for public relations Yoon Young-chan announces President Moon Jae-in’s choices for special envoys to be sent to the U.S., China, Japan, Russia, Germany and the European …

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Final-Year Healthcare Costs Soar

Healthcare costs in the last year of people’s life has more than tripled over the last decade, according to a report published by the National Health Insurance Service on Sunday. In 2015, an adult over 40 or more spent W15.95 million in the final year of their life, which translates to W1.33 millio… …

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Planning Advisory Committee for New Gov't to Launch Tuesday

[Politics] : An advisory committee for President Moon Jae-in will soon be established to work as his de facto …[more…] …

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Bereaved families of 17 missing sailors of Stellar Daisy reach settlement with shipper

SEJONG, May 15 (Yonhap) — The South Korean shipping company of an ill-fated cargo ship that sank in the South Atlantic has reached a compensation agreement with the bereaved families of most missing crew members following the end of an on-site search, …

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Moon faces test as NK claims ‘new missile’

North Korea said Monday it had successfully tested a new type of a mid- and long-range missile capable of carrying a “la …

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Business Group Owner Families Will Likely Sell Their Stakes under New Gov't

As the Moon Jae-in administration is set to tighten its grip on large corporations, analysts said stakes held by conglomerate owners would soon flood the market. According to securities industry sources on May 14, it is likely for the new government to lower the threshold for companies subject to regulation related to the ban on giving projects to affiliates within the same group would be lowered to 20 percent from current 30 percent held by owner families.Under the current antitrust and fair tr… …

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EU, NATO Condemn N. Korea's Missile Launch

[International] : Anchor: The EU and NATO strongly condemned Sunday’s ballistic missile launch by North Korea. They …[more…] …

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Missing Victim's Remains Found in Ferry Wreck

The remains of a girl who perished when the ferry Sewol sank in April 2014 were discovered on Saturday in the wreck of the salvaged ship.The victim is believed to be Cho Eun-hwa, who was a junior at Danwon High School at the time of the accident. Search officials found her remains, including a tooth… …

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(LEAD) (News Focus) New test sparks concern over North's developing missile capability

(ATTN: RECASTS para 3) SEOUL, May 14 (Yonhap) — Following North Korea’s new missile test on Sunday, speculation is growing over its type due to its unusually high flight altitude that observers say hints that the communist state is on course to devel …

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[Interview] In dealing with Trump, “South Korea needs to act with confidence”

When asked about President Moon Jae-in’s foreign policy during an interview with the Hankyoreh, Kongdan (Katy) Oh, 67, a senior Asia specialist at the US Institute for Defense Analyses, placed a parti.. …

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New test sparks concern over North's developing missile capability

Following North Korea’s new missile test on Sunday, speculation is growing over its type due to its unusually high fligh …

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President strongly condemns North’s missile launch

President Moon Jae-in convenes a session of the National Security Council at Cheong Wa Da following another ballistic missile launch by North Korea on May 14. By Jeon Han and Sohn JiAe Pho …

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Japan Calls for Adherence to 2015 Seoul-Tokyo Deal on Sex Slavery

[Politics] : The Japanese government is maintaining its stance that a 2015 South Korea-Japan agreement on Japan’s wartime enslavement of women for sex must be respected.[more…] …

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Search team identifies missing student's remains in Sewol ferry

South Korea’s search team investigating the Sewol ferry, which was salvaged three years after it sank in the country’s w …

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President Moon declares era of zero irregular employment at public institutions

President Moon Jae-in made what may be called his first step toward implementing his election pledge of having public institutions lead the way in creating good jobs by announcing plans to “usher in a.. …

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N. Korea fires ballistic missile

SEOUL, May 14 (Yonhap) — North Korea launched a ballistic missile Sunday morning, which flew around 700 kilometers, South Korea’s military said. lcd@yna.co.kr (END) …

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Chinese Daily Urges Beijing to Keep Up Opposition to THAAD

[International] : A Chinese newspaper says Beijing should keep up its opposition to the U.S.-built THAAD antimissile system even as it strengthens communication with South Korea under its new president. [more…] …

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[Market Insight] 1.7 Tril. Won Orders Flow in to LG Chem Bond Demand Forecast

Orders of 1.77 trillion won have been placed on corporate bonds issued by LG Chem. This is the highest amount since April 2012 when the scheme to inquire with institutional investors for bond demand was introduced. According to investment banking industry sources on May 12, LG Chem asked institutional investors for the demand for its bond issues worth 500 billion won and received an unexpectedly high amount of orders. This is more than the previous high of 1.43 trillion won set by Hyund… …

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