A subway operator in South Korea’s capital held last-minute negotiations with union leaders Wednesday to avoid a strike over planned job cuts, officials said. The 9,300-member union of Seoul Metro, which runs four of Seoul’s eight subway lines, has vowed...
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South Korea – South Korean activists sent propaganda leaflets over the border Thursday into North Korea, ignoring their own government's pleas to stop the practice and threats from the North to sever relations if it continues. North Korea announced last...
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South Korea's Finance Ministry predicted Thursday that the country's internal tax revenues next year will be 143.65 trillion won (99.3 billion U.S. dollars), 2 percent lower from an earlier forecast. The income tax projection was lowered by 3.7 percent to...
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The Federal Open Market Committee cut interest rates by a half percentage point Wednesday, clearly hoping to shore up investor confidence and prod a sagging economy. The move was widely expected on Wall Street. “It’s important for the market’s psychology...
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To shore up a tumbling stock market and a troubled currency, South Korea announced Sunday it would guarantee $100 billion of foreign debt and supply $30 billion to banks and exporters in urgent need of dollars. Amid a global financial...
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SEOUL (Reuters) - South Korea's president said North Korean leader Kim Jong-il, who was thought to have suffered a stroke in August, was still in control of his communist state, according to an interview published on Wednesday. U.S. and South...
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South Korea – North Korea on Friday proposed a military meeting with South Korea, but also called its defense minister a traitor and a "reckless war maniac." Communist North Korea said it wants to discuss the "issue of military communication...
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After the big cut in the interest rate by the Australian Central Bank, Asian markets started showing signs of life. Main indices in South Korea, Taiwan, and Singapore all edged higher reacting positively to this bold move. RBA Gov. Glenn...
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The South Korean government early Monday proposed a fiscal stimulus plan of tax cuts and new government spending amounting to 14 trillion won, or about $11 billion, for next year to help cope with the likelihood of slower economic growth....
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Asia's biggest film fest, the Pusan International Film Festival , closed on Friday with the world premiere of "I Am Happy", a love story between a patient and a nurse in a psychiatric ward by South Korean director Yoon Jong-chan....
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