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'Okja' press screening in Cannes temporarily halted by technical glitch

The press screening of South Korean director Bong Joon-ho’s “Okja” at the Cannes Film Festival was temporarily stopped o …

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Energy Solution Brand "Integrict" to Account for Large Share in Total Sales...Hyundai Electric

“I will grow our energy solution brand Integrict into an industrial platform as famous as GE’s Predix, Siemens’ MindSphere, and ABB’s Ability.” Joo Young-geol, president of Hyundai Electric & Energy System, said this on May 18 in an interview with the Korea Economic Daily, adding, “We will set our goal to make the energy solution business as our future growth engine, with the goal of making sales of 5 trillion won by 2021.” The company posted sales of 2,191 billion won last year.The brand In… …

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President appoints head of Constitutional Court

President Moon Jae-in nominates a new chief justice of the Constitutional Court, at Cheong Wa Dae’s Chunchugwan press center on May 19. By Jeon Han and Lee HanaPhotos = Jeon HanMay 19, 2017 | Cheo …

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Young Koreans Risk Being Jobless for Life

A man surnamed Kim is 30 years old and in search of a job. He took two years off during university to work on construction sites and earn his tuition, which meant he entered the job market later than many of his classmates. He has been trying to find a permanent job for the last two years while jugg… …

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'China Mentions Efforts to Ease THAAD Retaliation'

[International] : China has suggested to visiting South Korean envoys it is willing to work towards easing …[more…] …

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(LEAD) Moon reaffirms campaign pledge to complete constitutional revision by June next year

(ATTN: CHANGES headline, lead; UPDATES throughout with new info) SEOUL, May 19 (Yonhap) — President Moon Jae-in on Friday reaffirmed his campaign pledge to complete a constitutional revision by June next year, an opposition leader said, amid continui …

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New FTC Head Vows to Curb Conglomerates' Economic Concentration

Kim Sang-jo, the newly-appointed commissioner of the Fair Trade Commission, said in his press conference on May 17 that he will focus on preventing economic concentration of the nation’s top-four chaebols namely Samsung, Hyundai Motor, SK, and LG. Kim added, “I think the scope of the companies that will be controlled under the government’s economic concentration restraint policy could be narrowed to the top-four business groups which account for about a half of the assets owned by the t… …

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Golf Champion Kim Si-woo to Donate W2 Billion to the Sport

The PGA Tour Players’ Championship winner Kim Si-woo said Wednesday he will donate W100 million each to the Korea Golf Association and the U.S. PGA Tour (US$1=W1,123). That is about 10 percent of the US$1.89 million prize money for winning the championship on Sunday. Kim progressed through the Korea… …

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China Views Envoy Visit as Starting Point to Better Relations

[International] :  The Chinese Foreign Ministry has expressed strong anticipation over the visit of a special envoy …[more…] …

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(3rd LD) Moon's special envoy arrives in China for talks on summit, N. Korea

(ATTN: ADDS more info in paras 3-8; photo) SEOUL/BEIJING, May 18 (Yonhap) — A special envoy of South Korean President Moon Jae-in arrived in China on Thursday for discussions on a summit between the countries’ heads of state and ways to contain North …

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S. Korea’s first-ever female helicopter pilot appointed Minister of Veterans Affairs

President Moon Jae-in’s appointment of Pi Woo-jin, 61, a lieutenant colonel in the army reserves, as Minister of Patriots and Veterans Affairs on May 17 is remarkable for a number of reasons. It’s unp.. …

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Number of supercar groups arrested for speeding

Seventeen members of online supercar clubs were nabbed for stunt driving on Seoul expressways, police said Thursday. Amo …

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Korea's ICT Shipments Fly High Thanks to Semiconductor Boom

Korea’s ICT exports surged by more than 24 percent in April on the back of the booming semiconductor market. According to the Ministry of Trade, Industry, and Energy on May 17, the nation’s ICT shipments amounted to US$15.5 billion in April 2017, up 24.4 percent from a year ago. This growth rate was the highest since August 2010 (26.4%). The surge in ICT shipments was led by computer chips. The country’s chip exports stood at $7.2 billion last month, up 59.1 percent year on year, exce… …

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‘Let’s embrace like friends’ says Korea, Mexico

President Moon Jae-in talks with his Mexican counterpart President Enrique Pena Nieto on May 17 to discuss ways to develop bilateral ties and to enhance cooperation on North Korean issues. (Cheong Wa …

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Envoy to China: First Moon-Xi Summit Possible in Germany in July

[Politics] : President Moon Jae-in’s special envoy to China expects that the first summit between Moon and Chinese President Xi Jinping could be held as early as July. [more…] …

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Hyundai-Kia's Plug-in Hybrid Sales Remain Weak at Home

Hyundai and affiliate Kia’s sales of plug-in hybrid electric cars remain disappointing at home even as they increase healthily overseas. Hyundai and Kia said Wednesday they exported 1,308 plug-in hybrids last month, the first time monthly sales surpassed 1,000. Hyundai sold 359 Ioniqs and 196 Sona… …

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McMaster says he understands procedural problem in S. Korea with THAAD deployment decision

WASHINGTON, May 17 (Yonhap) — U.S. National Security Advisor H.R. McMaster told South Korea’s presidential envoy that he is aware that there is a procedural problem in South Korea with the decision to host the U.S. THAAD missile defense system, the en …

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[Editorial] Can the South Korea-US summit lead to a breakthrough on North Korea?

South Korea and the US agreed to hold their first summit since the inauguration of President Moon Jae-in, in Washington, DC, at the end of next month. Given the urgent developments on the Korean Penin.. …

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[From the scene] 1 year after Gangnam murder, fight against misogyny rages on

 As usual, the street outside Gangnam Station is bustling with people busily going about their day. But exactly a year a …

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Samsung and LG Boost Shares in Global Smartphone Market

Samsung Electronics and LG Electronics saw their share increase in the global smartphone market in the first quarter of this year primarily thanks to the strong performance of their mid- and low-price models. Samsung Electronics regained the No. 1 spot in the global smartphone market which it lost to Apple in the previous quarter, although it didn’t show off any premium model during the first quarter of this year. LG Electronics achieved a 20-percent share in the U.S. market in the fi… …

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