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POSCO Back to More Than 1 Tril. Won in Quarterly Operating Profit

POSCO’s consolidated operating profit amounted to 1,365 billion won in the first quarter of this year. The steel maker’s quarterly operating profit recovered to the 1-trillion-won level thanks to the improvement in the performance of its non-steel subsidiaries such as POSCO Engineering & Construction and POSCO Daewoo. The company announced on April 18 that it posted sales of 15.07 trillion won, operating profit of 1.36 trillion won and net profit of 976.9 billion won in the January… …

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(LEAD) S. Korea, U.S., Japan unite against China's THAAD retaliation

(ATTN: UPDATES with details in paras 10-12; ADDS photo) SEOUL, April 19 (Yonhap) — South Korea, the United States and Japan united on Wednesday in urging China to stop economic retaliation on Seoul in connection with the deployment of an advanced U.S …

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Abe Plays the Lowest Form of Politics

Japanese Prime Minister Shinzo Abe on Monday said Tokyo is drawing up a contingency plan in case of a refugee influx from Korea in a crisis. He said his government is discussing screening asylum seekers, protecting foreigners and planning for landing procedures, as well as preparing to evacuate Japa… …

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Korea to begin pilot project for coinless society

South Korea plans to launch a pilot project for a coinless society this week, South Korea’s central bank said Wednesday, …

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Bondholders of Daewoo Shipbuilding Approve Debt Rescheduling Plan

[Economy] : Bondholders of embattled Daewoo Shipbuilding and Marine Engineering have approved the latest …[more…] …

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(LEAD) Trump says it makes no sense to start trade war with China when Beijing trying to help with N.K.

(ATTN: UPDATES in last 6 paras with Vice President Pence’s remarks; ADDS background, photo) By Chang Jae-soon WASHINGTON, April 18 (Yonhap) — U.S. President Donald Trump said Tuesday it makes no sense to start a trade war with China when Beijing is …

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Home Appliance Makers Cash in on Fine Dust Pollution Concerns

Manufacturers of home appliances are turning growing concerns about toxic fine dust pollution being blown over from the Chinese mainland to their advantage. One unexpected beneficiary is the clothes dryer, a product that has not been widely used in Korea until recently as people were happy to hang … …

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Sharing successes, failures through public administration cooperation

“Sharing both successes and failures is the basic direction of cooperation for both countries,” says Minister of the Interior Hong Yun-sik at the Government Complex-Seoul on April 10. By Yoon Sojung …

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[Editorial] Leave THAAD deployment for the next president to handle

On Apr. 16, a foreign policy advisor for the White House said that the questions of the timing of the THAAD missile defense system to the Korean Peninsula and when the system would come online were ma.. …

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Hwang discusses economic, diplomatic cooperation with Angolan minister

South Korea’s Acting President and Prime Minister Hwang Kyo-ahn on Tuesday held talks with a visiting Angolan minister o …

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Pence, Abe Affirm Cooperation in Tackling N. Korea's Threats

[International] : U.S. Vice President Mike Pence said Tuesday that Washington appreciates the challenging time in which the people of Japan live faced with increasing provocations from North Korea. [more…] …

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Semiconductor Equipment Shares Turn up, Leading Rebounding of the KOSDAQ Market

After a spell of stagnation this year due to concerns over chip prices already hitting the peak, the share prices of semiconductor equipment makers rebounded across the board. The rebound came after an analysis prevailed that the semiconductor market entered the super cycle with the prices of memory chips showing a consistently upward trend. Korea’s major memory chip makers such as Samsung Electronics and SK Hynix are expected to expand semiconductor investment this year on the back of … …

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Moon promises cash, more jobs for elderly

SEOUL, April 18 (Yonhap) — Moon Jae-in, the presidential candidate of the liberal Democratic Party, vowed Tuesday to provide additional support for the elderly that will include increased monthly allowances and more jobs for people who are past the re …

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Prince Harry Shares Emotional Struggles after Diana's Death

It is an image those who saw it will never forget: Prince William and Prince Harry — just boys, really — walking silently behind their mother’s cortege as the world mourned Princess Diana’s death in 1997. Now Harry has revealed for the first time that losing his mother when he was only 12 left him… …

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South Korea not designated “currency manipulator” but still on US watch list

The US kept South Korea on its watch list for currency manipulation, and sent a clear message that it does not plan to let up on its pressure. The decision from Washington is expected to leave South K.. …

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Pence warns N.Korea 'era of strategic patience is over'

   PANMUNJOM — Viewing his adversaries in the distance, U.S. Vice President Mike Pence traveled to the tense zone divid …

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Abe to Focus on N. Korean Issue in Talks with US Vice President

[International] : Japanese Prime Minister Shinzo Abe will focus on the North Korean missile and nuclear issues during …[more…] …

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82.8% of Voters Said, "We Will Vote No Matter What"

Four out of five voters in Korea turned out to have strong will to go to the polls in the May 9 presidential election. According to a survey conducted with 1,500 voters nationwide during April 10-11 by the World Research commissioned by the National Election Commission, 82.8 percent of the respondents said they would cast their ballots no matter what, 4.6 percentage points higher than 78.2 percent for the nation’s 18th presidential election in 2012. What’s particularly intere… …

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(4th LD) Pence warns against N. Korea testing Trump's resolve

(ATTN: UPDATES with outcome of Pence’s meeting with parliamentary speaker) SEOUL, April 17 (Yonhap) — U.S. Vice President Mike Pence on Monday warned North Korea against testing America’s mettle with its saber-rattling, saying Washington will defeat …

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Mourners Mark 3rd Anniversary of Ferry Disaster

Mourners on Sunday observed the third anniversary of the 2014 ferry disaster that killed over 300 mostly young people.They paid their respects at an altar in Ansan south of Seoul, where most of the victims attended high school. Mourners wore yellow ribbons, yellow clothes or carried yellow balloons … …

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