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Chinese customers boost S. Korean E-Commerce

S.Korea's e-commerce exports have grown significantly due to growing demand for cosmetics and clothing among Chinese online shoppers.

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Overseas DPRK officials "use S.Korean smart phones"

The Chosunilbo reported that the DPRK officials posted overseas secretly use smartphones made in South Korea, the Daily NK reported Monday quoting a source in China.

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Cigarettes become top sellers at Incheon Airport's duty-free shops

Cigarettes have become the top-selling item at Incheon International Airport's duty-free shops.

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S.Korean economy grows more than expected in Q2

Korea's economy grew 3.2 percent in the second quarter of this year compared to the same period of 2015, slightly more than the 3.1 percent economists had predicted.

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LG challenges Samsung in OLED market for phones

LG Display will invest almost W2 trillion to produce organic light-emitting diode screens for smartphones, encroaching on the territory of rival Samsung.

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U.S. slaps anti-dumping duties on S. Korean steel

S.Korean cold-rolled steel is the latest in a series of products being slapped with anti-dumping duties in the U.S.

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S.Korean tax authorities probe Huawei

The National Tax Service is investigating the Korean subsidiary of Chinese smartphone maker Huawei.

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The Chosunilbo: DPRK building new submarine base

The Chosunilbo reported that the DPRK is building a new naval base at Sinpo, South Hamgyong Province for new 3,000-ton submarines that carry submarine-launched ballistic missiles, according to the Jane's Defence Weekly's report on Sunday.

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S. Korea's duty-free sales exceeds W5 trillion for 1st time

Sales at Korea's duty-free shops surpassed W5 trillion for the first time in the first half of this year largely thanks to increasing foreign visitor numbers.

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More tourists visit S.Korea on cruise ships

The number of foreign cruise passengers visiting S.Korea nearly doubled in the first half of this year, according to the Ministry of Oceans and Fisheries on Monday.

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Volkswagen agrees to nearly $15 billion in U.S. settlement over emissions scandal

Volkswagen has agreed to a nearly $15 billion settlement of consumer and environmental claims related to its emissions rigging scandal that broke last September in the United States.

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Promising vaccines developed against Zika virus

In February, the World Health Organization declared the Zika epidemic a global public health emergency. Since then, drugmakers have been working to create vaccines that could protect against it.

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Will Brexit drive up prices of British cars?

Jaguars, Land Rovers and Minis are expected to get more expensive here after the U.K. leaves the European Union.

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Surge in S.Korean retirees finding temporary work

More and more people over 60 are finding temporary or contract work because many baby boomers have failed to prepare for their retirement.

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Many S. Korean elderly pay for their own funeral in advance

An increasing number of elderly people are preparing for their own funerals to spare their children the cost and headache. The cost can reach W10-20 million (US$1=W1,172).

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Korea plummets to 6th in global shipbuilding orders

Korea's once world-leading shipbuilding industry has plunged to a sorry sixth place in terms of accumulated orders.

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Duty-free sales of Korean cosmetics soar

Duty-free sales of Korean cosmetics and other products are rising sharply.