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Police Probe Hanjin Group Chief's Alleged Illegal Use of Security Guards

[Domestic] : Police are looking into fresh allegations that Hanjin Group Chairman Cho Yang-ho and his wife caused financial losses for a subsidiary of the group by forcing it to pay for security services at their Seoul residence.   The Seoul Metropolitan Police Agency on Wednesday said it launched an investigation …[more…] …

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South Korean journalists head to NK nuclear test site

The 22 international journalists who are to witness the closing of the North Korean nuclear test site in Punggye-ri, Hamgyeongbuk-do Province, connect their devices under the direction of the North Ko …

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Trump says he has “great confidence” in Moon’s role as mediator

During a press conference with South Korean President Moon Jae-in prior to their tête-à-tête at the White House on May 22, US President Donald Trump responded to a question by a South K.. …

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Police begin probe into Hanjin's suspicious assignment of security personnel

SEOUL, May 23 (Yonhap) — Police are carrying out a preliminary probe into allegations that Hanjin Group Chairman Cho Yang-ho made security personnel hired by one of the conglomerate’s affiliates work at his home at the expense of the company, police s …

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Chinese Sanctions Against N.Korea Weaken

Chinese trucks are the latest of a slew of small signs that China is relaxing sanctions against North Korea. Although banned for export to North Korea under UN sanctions, Chinese trucks were on prominent display at a trade fair in Pyongyang, NK News reported Tuesday.The report comes a day after U.S…. …

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Finance Minister Calls for Flexibility on Gov't Goal on Minimum Wage

[Economy] : Finance Minister Kim Dong-yeon has implied that the government may be readjusting its initial goal on a minimum wage hike.  In a press conference at the Busan Exhibition and Convention Center on Wednesday, Kim called for “flexible thinking” on the issue considering the impact of a minimum wage hike …[more…] …

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South Korea to withdraw all police personnel for ex-presidents

The South Korean police announced on May 21 that they would be withdrawing all security personnel near the homes of former Presidents Chun Doo-hwan and Roh Tae-woo as of next year. At the same time.. …

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(4th LD) Trump says N. Korea summit may not happen June 12

(ATTN: UPDATES with White House press briefing, background in paras 16, 24, 26) WASHINGTON, May 22 (Yonhap) — U.S. President Donald Trump suggested Tuesday that his planned meeting with North Korean leader Kim Jong-un may not happen next month. T …

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Pro-N. Korea Newspaper: Inter-Korean Ties, US-N. Korea Dialogue Separate Issues

[Inter-Korea] : A Japan-based newspaper considered to represent North Korea's stance overseas has indicated that Pyongyang is treating inter-Korean relations separately from its dealings with the United States.  In an article posted on its Web site Tuesday, the Choson Sinbo said that having progress on dialogue …[more…] …

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LG Group’s quiet and swift transition to fourth-generation inheritor

The LG Group plans to launch a full-scale transition to a new management system centering on fourth-generation ruling family member and LG Electronics vice president Koo Kwang-mo, 40, following a fune.. …

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Today in Korean history

May 23 1985 — South Korean university students storm into a U.S. cultural center in Seoul and launch a sit-in. The protesters demanded the U.S. apologize for allegedly overlooking a bloody crackdown by South Korea’s then military-backed regime …

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Today's Photo: May 22, 2018

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LG Group chairman Koo Bon-moo dies at age 73

LG Group chairman Koo Bon-moo’s death at the age of 73 on the morning of May 20 signals the arrival of the fourth generation of managers from the LG ruling family. Koo’s adopted son, 40-year-old LG El.. …

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Pompeo says Kim meeting reflects commitment to diplomacy

WASHINGTON, May 21 (Yonhap) — U.S. Secretary of State Mike Pompeo said Monday that President Donald Trump’s willingness to meet with the North Korean leader is a reflection of U.S. commitment to diplomacy. Trump is set to meet with Kim Jong-un in …

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President Moon heads to Washington for talks

President Moon Jae-in (right) and first lady Kim Jung-sook board a plane for Washington, D.C., where he will hold a summit with U.S. President Donald Trump, at Seoul Air Base in Seongnam-si, Gyeonggi- …

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Lee Myung-bak's Corruption Trial Starts Wednesday

The corruption trial of ex-President Lee Myung-bak starts on Wednesday, some two months after his arrest in late March.The Seoul Central District Court last Friday announced a schedule that coincides with the ninth anniversary of the death of Lee’s predecessor Roh Moo-hyun. It is unclear whether Lee… …

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Hyundai Motor Withdraws Mobis-Glovis Merger due to Investors' Opposition

[Economy] : Hyundai Motor Group has withdrawn a corporate restructuring plan centering on the merger of its two affiliates amid opposition from its investors, including U.S. hedge fund Elliott Management.  Hyundai Mobis said on Monday that it will stop the merger with Hyundai Glovis and cancel a temporary …[more…] …

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(2nd LD) S. Korea to spend extra budget to create more youth jobs

(ATTN: CORRECTS figure in fifth para) SEJONG, May 21 (Yonhap) — South Korea will make use of an extra budget as soon as possible to create new jobs for young people and help industrial regions grappling with massive layoffs, the finance ministry said …

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Victims of 1980 Gwangju Uprising buried secretly during the night, witness says

“They were dragging the loaded cart in front and I was pushing it from behind, and the legs of the bodies we had tied up were bouncing up and down.” This was part of the detailed account that a 60.. …

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(3rd LD) Moon, Trump vow continued effort to ensure successful U.S.-N. Korea summit

(ATTN: UPDATES with White House statement in paras 5-6) SEOUL, May 20 (Yonhap) — South Korean President Moon Jae-in and President Donald Trump spoke by phone on Sunday and exchanged views on making the upcoming U.S.-North Korea summit a success, the …

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