Seoul shares down 0.63 pct in late-morning trade

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SEOUL, May 16 (Yonhap) -- South Korean stocks traded 0.63 percent lower late Monday morning as investor sentiment was hurt by concerns about the eurozone debt crisis following the International Mon

GS Caltex to team up with Chinese lubricant firm

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SEOUL, May 16 (Yonhap) -- GS Caltex Co., South Korea's second-largest refiner, said Monday that it has signed a deal with Dongfeng Motor Lubricant (DFML) to jointly use their brands in a bid to exp

S. Korea picks site for new science belt

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SEOUL, May 16 (Yonhap) -- South Korea has selected the final candidate site for the country's new science belt to be built to help the nation take the lead in cutting-edge technologies, a joint gov

Seoul's finance chief to leave for EBRD meeting

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SEOUL, May 16 (Yonhap) -- South Korea's Finance Minister Yoon Jeung-hyun will leave for Kazakhstan this week to attend the annual meeting of a European regional lending body where he will discuss c

S. Korean troops practice beach assaults, landings

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SEOUL, May 16 (Yonhap) -- South Korea's military launched major drills on Monday to enhance their capability for beach assaults and landings, military officials said, as tensions with North Korea p

Seoul shares open lower on U.S. falls

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SEOUL, May 16 (Yonhap) -- South Korean stocks started weaker on Monday as Wall Street was weighed down by lingering eurozone debt woes, analysts said.

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