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Half of Young Koreans Who Rent Make Less Than W1 Million a Month

Some 43 percent of Koreans under 30 and 59 percent of senior citizens who live in monthly rental homes earn less than W1 million a month, according to a study (US$1=W1,129). Both age groups spend more than one-third of their monthly income on housing. The findings were based on a report Wednesday by… …

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Kim Meong-soo Approved as Supreme Court Chief Justice

[Politics] : The National Assembly on Thursday approved Kim Meong-soo to lead the country’s top judicial …[more…] …

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President Moon receives Global Citizen Award

President Moon Jae-in delivers his acceptance speech after receiving the Atlantic Council’s 2017 Global Citizen Award on Sept. 19 in New York. By Yoon Sojung Photos = Cheong Wa Dae Preside …

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South Korean confirmed dead in quake-hit Mexico

SEOUL/MEXICO CITY (Yonhap) — South Korea’s Foreign Ministry said Wednesday a South Korean national was found dead from …

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S. Korea, U.S. trade chiefs hold first face-to-face meeting over trade deal

WASHINGTON, Sept. 20 (Yonhap) — The top trade negotiators of South Korea and the United States held their first face-to-face meeting in Washington on Wednesday to discuss the future of the countries’ free trade agreement (FTA), both sides said. Th …

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U.S. Military Strikes on N.Korea Get More Likely by the Day

U.S. Defense Secretary James Mattis said Monday that the Pentagon has military options for North Korea that do not put Seoul at grave risk. He declined to elaborate what those options may be. The reason the U.S. has so far refrained from launching a military strike against North Korea is because suc… …

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Parliament Adopts Report on Supreme Court Chief Nominee

[Politics] : The National Assembly has adopted a confirmation hearing report for Supreme Court chief justice …[more…] …

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[Newsmaker] Prosecution opens probe into former leader Lee

The prosecution on Wednesday began looking into a complaint filed against former President Lee Mung-bak that he mastermi …

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Samsung Electronics plummets in global CSR rankings

In the space of a year, Samsung Electronics has fallen 69 places in the global Corporate Social Responsibility (CSR) ranking, which evaluates major companies from around the world. In this year’s rank.. …

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(2nd LD) S. Korean confirmed dead in quake-hit Mexico

(ATTN: ADDS details in last 2 paras) SEOUL/MEXICO CITY, Sept. 20 (Yonhap) — South Korea’s foreign ministry said Wednesday a South Korean national was found dead from a massive earthquake that hit Mexico earlier this week. A 7.1-magnitude quake sh …

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Korea, Senegal to cooperate on NK issues, expanding partnership

President Moon Jae-in (second from left) presents Senegalese President Macky Sall (left) with plush toys of Soohorang and Bandabi, the official mascots of the PyeongChang 2018 Olympic and Paralympic W …

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Foreign Minister Mulls Over Timing of N. Korean Humanitarian Aid

[International] : South Korea’s top diplomat said Tuesday that the planned provision of humanitarian aid to North …[more…] …

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Document Shows Japanese Gov't's Role in Recruiting Sex Slaves

An official Japanese government document proves Tokyo’s involvement in the forced mobilization of Korean women as sex slaves for Japanese soldiers during World War II. Prof. Yuji Hosaka, who heads the Dokdo Research Institute at Sejong University, told reporters on Tuesday, “The Japanese government… …

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Audit reveals GM Korea taking out high interest loans from GM Holdings

GM Korea borrowed money from GM Holdings, the automaker’s global holding company, at high interest rates of 4.8–5.3%, a report shows. GM Korea’s deteriorating financial structure has left it dog.. …

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Trump threatens to 'totally destroy' North Korea

President Donald Trump, in a combative debut speech to the UN General Assembly, threated the “total destruction”‘ of Nor …

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(3rd LD) Trump warns of total destruction for N. Korea

(ATTN: UPDATES with expert’s comments in last 2 paras) By Lee Haye-ah WASHINGTON, Sept. 19 (Yonhap) — U.S. President Donald Trump stepped up his rhetoric against North Korea on Tuesday, saying he could “totally destroy” the regime in the face of its …

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President Moon discusses NK, global issues with UN secretary general

President Moon Jae-in presents U.N. Secretary General Antonio Guterres with plush toys of Soohorang and Bandabi, the official mascots for next year’s PyeongChang 2018 Olympic and Paralympic Winter Gam …

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Nearly 50 Million Lottery Winners Fail to Claim Prizes

Some 48.91 million lottery winners have not claimed prizes worth W381.3 billion over the last decade (US$1=W1,129). According to data from the Ministry of Strategy and Finance on Monday, W50.4 billion worth of lottery prizes went unclaimed in 2013, W44.2 billion in 2014, W43.8 billion in 2015, W46.7… …

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Parties to Vote on Confirmation Motion for Supreme Court Chief Nominee

[Politics] : Rival parties have agreed to hold a plenary session to vote on a motion regarding the appointment …[more…] …

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Opposition party leader calls for South Korea to develop its own nuclear armament

Liberty Korea Party (LKP) leader Hong Joon-pyo went beyond advocating the redeployment of US tactical nuclear weapons on the Korean Peninsula by calling for South Korea’s own nuclear armament. In resp.. …

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