Lee names new political affairs secretary

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SEOUL, July 1 (Yonhap) -- President Lee Myung-bak named national planning secretary Lee Jin-gyu as one of his political affairs secretaries, the presidential office said Friday.

Ssangyong Motor's June sales soar on brisk exports

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SEOUL, July 1 (Yonhap) -- Ssangyong Motor Co., South Korea's smallest automaker, said Friday its sales jumped nearly 40 percent on-year in June on record exports, topping the 10,000-unit mark for t

China seeks to raise minimum wage over 5 years

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HONG KONG, July 1 (Yonhap) -- China aims to raise the country's minimum wage by an annual average rate of at least 13 percent over the next five years in a bid to reduce income disparity and boost

Renault Samsung sales drop 2.9 pct in June

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SEOUL, July 1 (Yonhap) -- Renault Samsung Motors Co., the South Korean unit of French automaker Renault SA, said Friday that its sales in June dipped 2.9 percent from a year earlier on a tumble in

Kia Motors sales up 21.8 pct in June

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SEOUL, July 1 (Yonhap) -- Kia Motors Corp., South Korea's second-largest automaker, said Friday that its sales in June rose 21.8 percent from a year earlier as a jump in overseas sales offset decre

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