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Shin nomination signals BOK shift toward financial stability, external shock shield
SEOUL, March 22 (AJP) - President Lee Jae Myung on Sunday nominated Shin Hyun-song, economic adviser and head of the Monetary and Economic Department at the Bank for International Settlements (BIS), as the next governor of the Bank of Korea, tasked with navigating monetary policy amid the economic fallout from the Gulf war crisis. The presidential office said Shin’s combination of academic depth and policy e
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BTS comeback draws 104,000 to Seoul, lifts retail sales as event concludes safely
SEOUL, March 22 (AJP) -The BTS’s comeback concert in central Seoul on Saturday drew more than 100,000 people and ended without a single major incident, delivering both a powerful display of K-culture’s global reach and a sharp boost to retail sales around the event zone. According to the Seoul Metropolitan Government on Sunday, an estimated 104,000 spectators gathered around Gwanghwamun Plaza o
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Daejeon factory fire kills 14; company chief apologizes amid probe into cause
SEOUL, March 22 (AJP) - The head of a South Korean auto parts manufacturer publicly apologized on Sunday after a devastating factory fire in Daejeon left at least 14 workers dead and dozens injured, as authorities launched a full-scale investigation into the cause of the blaze. Sohn Ju-hwan, CEO of Anjeon Industry, visited a joint memorial altar set up at Daejeon City Hall, where he bowed deeply and expressed re