S. Korea's electricity sales rise in Aug.

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SEOUL (Yonhap) - A large increase in power usage in the industrial sector was the driver of a 3-percent increase in South Korea's electricity sales in August from a year earlier, the government sai

Seoul shares open higher on bargain hunting

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SEOUL (Yonhap) - South Korean stocks got off to a strong start on Tuesday as foreigners and institutions hunted for bargains following the stock market's recent heavy losses, analysts said.

Lotte Mart opens new stores in Indonesia, China

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SEOUL (Yonhap) - Lotte Mart Co., South Korea's third-largest discount chain store, said Tuesday that it will open two new stores each in Indonesia and China as part of its overseas expansion.

S. Korea seeks 5.5 pct hike in budget for 2012

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SEOUL (Yonhap) - The South Korean government wants to increase its spending by 5.5 percent for 2012, aimed at boosting job creation and strengthening the nation's overall growth potential, the fina

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