S. Korea to raise minimum wage 6 percent in 2012

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SEOUL, July 13 (Yonhap) -- A trilateral council comprised of the government, labor and management on Wednesday agreed to raise the country's minimum wage 6 percent to 4,580 won (US$4.3) an hour nex

Import costs of raw materials slip for 2nd month

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SEOUL, July 13 (Yonhap) -- South Korea's import prices of key raw materials fell for the second straight month in June, led by a drop in the costs of agricultural products and non-ferrous metals, a

Credit card spending up 19.8 pct in June

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SEOUL, July 13 (Yonhap) -- South Korea's credit card spending in June rose 19.8 percent from a year earlier due mainly to a seasonal increase in home appliance purchases, a trade association said W

Expedia seeks to tap S. Korean tourism market

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SEOUL, July 13 (Yonhap) -- Expedia Inc., a U.S.-based online tourism company, has launched a Korean Web site in a bid to establish its presence in the fast-growing South Korean travel market, indus

S. Korea's dependence on oil to drop further

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SEOUL, July 13 (Yonhap) -- The proportion of oil to South Korea's total energy consumption will further drop to nearly one-third in 2015, a state think tank said Wednesday, as the country moves to

Seoul shares turn lower after strong start

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SEOUL, July 13 (Yonhap) -- South Korean stocks began higher on Wednesday but soon shifted into negative territory, weighed down by losses in the tech sector, analysts said.

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