Tag: korea
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Korea: Police raid Starbucks offices over ‘Tank Day’ fiasco
Starbucks Korea faced major backlash after being accused of trivializing a 1980 massacre. Police say their internal investigation was not thorough enough.
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Heat kills 19 in South Korea this summer: government agency
South Korea’s record-breaking heatwave has caused over 2,200 heat-related illnesses, with temperatures reaching a national record of 42.5°C in Yangsan.
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South Korea: 16 dead amid record heat wave
President Lee Jae Myung called on officials to take prompt action as extreme weather conditions became “normal.” Authorities extended their first-ever heat wave warning for all of Seoul on Tuesday.
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South Korea vows to soothe stock market volatility as ETF boom slows
SEOUL, Aug 4 : South Korea will take steps to curb stockmarket volatility, the finance minister said on Tuesday, amid signs of a slowdown in retail investment in single-stock leveraged exchange-traded funds (ETFs).A cap that could limit such ETFs to 20 per cent of an individual’s total investment assets was a
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South Korea inflation cools, but back-to-back rate hike not ruled out
SEOUL, Aug 4 : South Korea’s consumer inflation softened to a three-month low in July, coming in below market expectations on a fall in oil prices, though policymakers remained wary of upward pressures and markets did not rule out a possible back-to-back rate hike this month.The consumer price index (CPI) ros
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Unraveling Russia’s bridge project with North Korea
In the far east, well away from world events, Russia and North Korea are building their first road connection. The project has set alarm bells ringing in Ukraine.
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South Korea conducts rare forex intervention alongside Japan, source says
SEOUL, July 31 : South Korea’s foreign exchange authorities conducted a rare dollar-selling intervention on Thursday, sending the won to a nine-month high, a market source said on Friday.Seoul’s move came alongside Japan’s yen-buying, dollar-selling market intervention in New York markets on Thursday, pulling
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South Korea curbs may not save investors slaughtered by $2 trillion rout
SEOUL, July 30 : South Korea’s efforts to rein in the leveraged products wreaking havoc in its financial markets may not go far enough to quell skyrocketing volatility, analysts say, as pain and public anger mount over a $2 trillion-and-counting stocks wipeout.As the hottest trade in the world has hit reverse
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Zelensky says Russia seeks 30,000 extra North Korean troops for Ukraine war
Preparations are being made in Russia’s Voronezh region, near the border with Ukraine, to accommodate the additional troops, Ukrainian President Volodymyr Zelensky says in a social media post.
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Kim Jong Un was meant to be their only idol – then North Koreans found K-pop
Defectors tell the BBC that despite restrictions, K-pop has cut through in the stifling dictatorship.
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