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U.S. Merchant Ships Navigate Strait of Hormuz Amid Tensions
Washington: Two U.S. commercial ships have successfully passed through the Strait of Hormuz, U.S. Central Command (CENTCOM) announced Monday, as part of an operation to
Seoul Shares Surge Over 5 Percent Amid Semiconductor Rally
Seoul: South Korean stocks surged more than 5 percent to close at a fresh high on Monday, nearing the 7,000-point mark, as investors actively bought
Presidential Chief of Staff Orders Action on Business Abuses by Retired Public Employees
Seoul: Kang Hoon-sik, presidential chief of staff, on Monday ordered action on suspected business abuses by retired employees of public institutions and state-run companies. “Illegal
April’s Household Loans by Major Banks See Steepest Climb Since October
Seoul: Household loans by major banks last month saw the most significant increase since October, driven by a rise in mortgage loans, financial data revealed
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Han Reelected Floor Leader of Ruling Democratic Party
Seoul: The ruling Democratic Party (DP) reelected Rep. Han Byung-do as its floor leader Wednesday, marking the first time a DP whip was elected to
Foreign Ministry and Oil Refiners Explore Crude Imports from Latin America
Seoul: The foreign ministry announced that it convened a working-level meeting with officials from major oil refiners to explore strategies for diversifying the nation’s crude
Hyundai Department Store Sees Significant Drop in Q1 Net Income
Seoul: Hyundai Department Store has reported a significant decline in its first-quarter net profit, with earnings falling to 64.9 billion won (US$44.6 million), marking a
Seoul Shares Reach Historic 7,000-Point Milestone Amid Eased Mideast Tensions
Seoul: South Korean stocks on Wednesday surpassed the 7,000-point mark for the first time at the opening bell, driven by U.S. President Donald Trump’s announcement