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(News Focus) KOSPI finishes above record-breaking 8,000-point level buoyed by U.S.-Iran peace deal prospects

SEOUL, May 26 (Yonhap) -- South Korea's benchmark Korea Composite Stock Price Index (KOSPI) wrapped up Tuesday's trading session above 8,000 points, as foreign investors returned to net buyers of local stocks on expectations that the United States and Iran may be nearing a deal to end the war in the Middle East.

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South Korean Starbucks boss apologizes for ad campaign that evoked massacre

SEOUL — South Korean retail tycoon Chung Yong-jin on Tuesday issued his second apology in two weeks as Starbucks’ local operation faces a backlash over a recent marketing campaign that was widely perceived as mocking victims of a bloody military crackdown on pro-democracy protesters in 1980.

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Korean submarine makes historic Pacific crossing as Seoul eyes Canada’s $39.6b deal

Since 2017, I have covered South Korea’s political and economic landscape as a reporter, with a focus on foreign affairs, inter-Korean relations and security.As a foreign affairs reporter, I closely follow developments from the Ministry of Unification, the Foreign Ministry and the Defense Ministry, tracking shifts i…

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Customs agency to ease rules on U.S. crude routed through third countries

SEJONG, May 26 (Yonhap) -- South Korea's customs agency said Tuesday it has simplified regulations to allow U.S. crude routed through third countries to remain eligible for benefits under the bilateral free trade agreement (FTA), in line with efforts to stabilize the supply amid tensions in the Middle East.

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