Seoul shares down 2.14 pct in late-morning trade

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SEOUL, July 12 (Yonhap) -- South Korean stocks traded 2.14 percent lower late Tuesday morning as heavy sell-offs by foreigners and institutions outweighed retail buying, analysts said.

BOK likely to freeze interest rate for July: poll

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SEOUL, July 12 (Yonhap) -- South Korea's central bank is widely expected to freeze the key interest rate for July following a rate hike in June due to growing household debt and lingering external

Defense Minister Kim to visit China this week

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SEOUL, July 12 (Yonhap) -- Defense Minister Kim Kwan-jin will visit China this week for a ministerial meeting on regional security and defense cooperation, the defense ministry here said Tuesday.

Reuters to air news video from N. Korea

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SEOUL, July 12 (Yonhap) -- Reuters, the London-based news agency, said Monday (local time) it will start distributing news video from North Korea under a new agreement with the communist state's of

Bank deposits rise 3.2 pct in H1

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SEOUL, July 12 (Yonhap) -- South Korean banks' deposits increased 3.2 percent in the first half as the economic recovery and higher deposit rates lured customers into relatively safe assets, indust

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