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Meritz Cuts Target Price on Amore G

Meritz Securities said on March 23 that Amore G’s subsidiaries Innisfree and Etude House have a higher level of uncertainty about their business in China. Meritz, accordingly, downgraded its investment rating on Amore G from buy to trading buy, while cutting the target price from 150,000 won to 140,000 won. Yang Ji-hye, analyst at Meritz, said, “The number of Chinese tourists started declining sharply from mid-March. It would inevitably deal a blow against the performance of Innisfree a… …

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Prosecutors to Continue Probing Conglomerates

Winding up their investigation of ex-President Park Geun-hye, prosecutors are now shifting their focus to probing conglomerates implicated in the presidential corruption scandal, a spokesman said Wednesday.”We’ve made it clear that we’d continue to investigate conglomerates,” the spokesman said in a… …

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China Opposes US Sanctions Bill on Halting Oil Supply to N. Korea

[International] : China says it’s opposed to a U.S. bill aiming to cut off North Korea’s crude oil supply. Chinese …[more…] …

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(LEAD) Sewol raised from the sea after overnight salvage operation

(ATTN: ADDS updated info) SEJONG, March 23 (Yonhap) — The Sewol ferry was raised from the sea Thursday after an overnight salvage operation, some three years after its sinking that resulted in the deaths of 300 people and left nine missing. Two …

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S. Korea-China golf event also scuttled by THAAD

The Korea Professional Golfers’ Association (KPGA) announced on Mar. 22 that the KEB Hana Bank Invitational event scheduled for mid-June on the South Korea-China tour had been postponed at China’s req.. …

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Wrecked Sewol ferry floats

Part of the sunken Sewol ferry surfaced above the water between the two salvage barges lifting the vessel Thursday, almo …

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Samsung Pay Lands in India

Samsung Electronics and LG Electronics both are strengthening global tie-ups to expand the coverage of their mobile payment services. Samsung joined hands with a group of India’s financial companies to launch its Samsung Pay service in the Indian market. LG Electronics formed a partnership with American payment solution firm Dynamics Mobile to launch LG Pay service from June. Samsung Electronics launched its Samsung Pay service in India on March 22 in collaboration with seven… …

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Sewol Emerges from Water after 3 Years

[Politics] : Anchor: The government has lifted the Sewol ferry from waters off the southwestern coast three …[more…] …

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10-Member Girl Group Make Debut

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(EDITORIAL from Korea JoongAng Daily on March 23)

Close consultation is a must North Korea’s nuclear development and missile launches ring loud alarm bells in the Korean Peninsula and the United States. The North has once again test-fired a ballistic missile from Wonsan on the east coast. Despite …

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On N. Korea, Trump administration considering “some form of ‘all of the above’”

The administration of US President Donald Trump is considering various ways to respond to North Korea’s nuclear weapons and missile programs, including cyberattacks and sanctions, such as a secondary .. …

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S. Korea committed to raising sunken ferry Sewol

  South Korea began to raise the hull of the sunken ferry Sewol late Wednesday after confirming all conditions were righ …

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Qualcomm Blocked Samsung from Selling Exynos to Others

Samsung Electronics’ integrated mobile chipset “Exynos” is supplied only for Samsung’s Galaxy series. This is quite in contrast to Qualcomm’s SnapDragon that has been used for a variety of smartphones, including those from LG Electronics, Huawei, and Xiaomi. Given that Exynos and SnapDragon almost have the same performance, consumers have thus far believed that Samsung refrained from supplying Exynos to others in order to protect its technology. The reality, however, is quite different… …

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Joint press conference between R.O.K. Foreign Minister Yun Byung-se and U.S. Secretary of State Rex W. Tillerson

U.S. Secretary of State Rex W. Tillerson (left) and Minister of Foreign Affairs Yun Byung-se hold the joint press conference on Mar. 17 in Seoul. (Photo: Yonhap News)The following is the remarks R.O.K …

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Joint press conference between R.O.K. Foreign Minister Yun Byung-se and U.S. Secretary of State Rex W. Tillerson

U.S. Secretary of State Rex W. Tillerson (left) and Minister of Foreign Affairs Yun Byung-se hold the joint press conference on Mar. 17 in Seoul. (Photo: Yonhap News)The following is the remarks R.O.K …

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Korea Needs No More Corrupt Presidents

Ex-President Park Geun-hye was questioned all day and most of the night Tuesday about the massive corruption and influence-peddling scandal that drove her out of office. It took prosecutors 11 days after the Constitutional Court upheld her impeachment to finally put their questions to Park, who had … …

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S. Korea Air Force Conducts Joint Drill with U.S. Bomber

[Politics] : The South Korean Air Force held a joint training mission with a U.S. strategic bomber, sending a …[more…] …

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Former ruling party's presidential hopefuls rail against front-runner Moon

SEOUL/BUSAN, March 22 (Yonhap) — The conservative Liberty Korea Party’s presidential contenders launched into tirades against their powerful liberal rival during their policy debate Wednesday. The primary debate of the former ruling party featured …

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Hyundai Motor Stock Rises Fast on Expectations of Governance Reform...Regains KOSPI No. 2 Rank

Hyundai Motor rose fast on expectations of improvement in its governance structure. The share gained more than 8 percent, reclaiming the No. 2 position in terms of market value in the KOSPI market. On March 21, Hyundai Motor shares were closed at 170,000 won, up 8.63 percent (13,500 won) from the previous day. Its market capitalization of 37,447.0 billion won is now more than that of SK Hynix of 34,616.5 billion won.The biggest factor for the ascent was foreign investors who net-bought 720,000 s… …

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N.Korean Rocket Test Shows Worrying Progress

North Korea made “big progress” in intercontinental ballistic missile technology with its recent engine thrust test, the Defense Ministry here said Monday.But a ministry spokesman told reporters more analysis of the precise thrust power and potential future applications is needed. The ministry specu… …

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