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Heavy snow alerts issued in greater Seoul area, Gangwon Province; over 20 cm of snow seen in Seoul
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Seoul blanketed by heaviest Nov. snow, with more expected
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Seoul snowfall now third heaviest on record
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Samsung shakes up management, commits to reviving chip business
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Heavy snow of up to 40 cm blankets Seoul for 2nd day
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How $70 funeral wreaths became symbol of protest in S. Korea
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7
Why cynical, 'memeified' makeovers of kids' characters are so appealing
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8
BOK makes surprise 2nd rate cut to boost growth
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9
Hybe consolidates chairman Bang Si-hyuk’s regime with leadership changes
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11 injured in 53-car pileup on icy road in Wonju
The forecast by 15 securities companies and think tanks is lower than a growth outlook of 3.6 percent offered by the International Monetary Fund in October.
The Finance Ministry projected Korea’s economy to grow at 4 percent, while major foreign investment banks on average expected a 3.1 percent growth rate.
Analysts said the think tanks estimated the bearish outlook because the global economy will not likely recover easily next year amid sluggish domestic consumption.
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Articles by Korea Herald
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