Bond sales rise in February

Bond sales in South Korea rose from a month earlier in February on a sharp increase in government bond issues, data showed Friday.

The value of bonds sold here last month came to 71.8 trillion won (US$54.2 billion), up 7.9 trillion won from 64.2 tri…

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Shinsegae heir apparent promoted to chairman

Chung Yong-jin, heir apparent of South Korea’s Shinsegae Group, has been promoted to chairman to help the retail giant ride out unfavorable business environments and meet rapidly changing customer demands, the group said Friday.

Shinsegae Group, whi…

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S. Korea names new envoy for Indo-Pacific affairs

The foreign ministry said Friday it appointed a senior diplomat as the country’s special envoy for Indo-Pacific affairs, a new position created under a shakeup plan to broaden diplomacy into regional and other challenges besides North Korea.

Chung K…

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