S. Korean business failures fall in May

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SEOUL, June 19 (Yonhap) -- The number of business bankruptcies in South Korea edged down in May from a month earlier due largely to a decline in the number of builders' failures, the central bank s

Punishment for corrupt officials soars over 5-fold

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SEOUL, June 19 (Yonhap) -- The number of government officials punished for bribery has jumped more than five-fold over the last five years due to a tighter crackdown on bureaucratic corruption, the

S. Korea's public debt soars in Q1

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SEOUL, June 19 (Yonhap) -- South Korea's public debt jumped by more than 50 trillion won (US$46 billion) in the first quarter of this year as governments and public corporations increased borrowing

S. Korea's mortgage rates hit 30-month high

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SEOUL, June 19 (Yonhap) -- South Korean mortgage rates have soared to a near 30-month high due to the central bank's rate hike, sources said Sunday, raising concern that an increase in household in

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