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(EDITORIAL from Korea Times on July 10)

The People Power Party’s (PPP) leadership selection process is taking a surprising turn ahead of the ruling party’s national convention on July 23.

The disclosure on July 4 of texts sent by first lady Kim Keon Hee to former PPP interim chief Han Don…

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Seoul shares open lower as Powell withholds hints on rate cuts

Seoul shares opened lower Wednesday, as investors sat on the sidelines after Federal Reserve Chairman Jerome Powell fell short of offering more details on the path of the Fed’s rate policy.

The benchmark Korea Composite Stock Price Index (KOSPI) fel…

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Investment funds gain 98 tln won in H1

The value of investment funds in South Korea rose sharply in the first six months of the year, data showed Wednesday.

The net asset value of investment funds here came to 1,069.5 trillion won (US$771.8 billion) as of end-June, up 98.1 trillion won f…

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Delivery app Baemin to raise commission fee for restaurants

Delivery app Baedal Minjok, or Baemin, said Wednesday it will raise its commission fee for restaurants that have registered for Baemin delivery services to 9.8 percent of food prices from next month.

Baemin has received 6.8 percent commissions from …