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Seoul shares end higher on bargain hunting amid uncertainties; S. Korean won up

South Korean stocks ended slightly higher Friday as investors scooped up major technology stocks on bargain hunting, offsetting concerns over rising interest rates and oil prices. The Korean won rose against the US dollar. After opening lower, the benchmark Korea Composite Stock Price Index went up 32.39 points, or …

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Federal report says pilots weren’t warned about wind before Amazon cargo plane crashed in Miami

Despite regulations requiring it, an air traffic controller failed to tell the pilots of an Amazon cargo plane about the potential for strong tailwinds as they landed in Miami, careening off the runway and killing five people last month, according to a preliminary report Thursday from the National Transportation Saf…

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‘Eraserheads: Combo on the Run’ wins Best International Director Award at New York’s Limehof Music Documentary Film Festival

“ERASERHEADS: Combo on the Run,” the acclaimed music documentary chronicling the legacy of the Eraserheads, has earned another international distinction, with Director Maria Diane Ventura receiving the Best International Director Award at the Long Island Music & Entertainment Hall of Fame (Limehof) Music Documentary…

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For foreigners in Korea, getting hired is only the start

Twenty-five companies were interviewing job seekers at a Seoul job fair Thursday, but Jin Hong Yu first wanted to know which jobs were within her reach. “I'm here to find out what jobs are available for me as a foreigner,” said Jin, a Chinese national in her late 30s married to a Korean. “It's not easy to find one w…

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N. Korean POW transfer was to remain confidential indefinitely: official

The Seoul-Kyiv agreement to keep the transfer of two North Korean prisoners of war confidential was to be kept indefinitely to protect the soldiers and their families, a senior government official said Friday. The official said the government had never planned to publicly announce the transfer, stressing that confid…

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Musinsa’s W8tr valuation questioned ahead of IPO

Questions are emerging in South Korea’s financial market about whether Musinsa, the nation’s largest online K-fashion platform by sales, is appropriately valued at 8 trillion to 10 trillion won ($5.9 billion to $7.4 billion) ahead of its initial public offering. Analysts say further earnings growth and financial res…

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Hana Financial opens Cheongna headquarters in Incheon

Hana Financial Group opened its new headquarters in Cheongna-dong, Incheon, Friday, bringing financial and technology teams together to strengthen collaboration among affiliates and to accelerate its adoption of artificial intelligence. About 2,200 employees from the holding company and 10 major affiliates began mov…

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