August 8, 2024

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N. Korea appoints new ambassador to Cuba

North Korea on Thursday appointed a new top envoy to Cuba, nearly five months after its former ambassador left the Caribbean nation following the establishment of diplomatic ties between South Korea and Cuba.

In a one-sentence announcement on its we…

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KDI cuts 2024 economic growth outlook for S. Korea to 2.5 pct

A major South Korean state-run think tank on Thursday revised down its economic growth outlook for the country this year to 2.5 percent as weak domestic demand is forecast to constrain an export-led recovery.

The latest projection by the Korea Devel…

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(2nd LD) SK Biopharmaceuticals swings to net profit in Q2

SK Biopharmaceuticals Co., a biopharmaceutical affiliate of SK Group, said Thursday it turned to net profit in the second quarter from a net loss a year ago, driven by higher sales.

Its net profit came to 24.6 billion won (US$17.8 million), turning …