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Defense chief heads to Philippines for ASEAN-led defense ministers’ meeting

Defense Minister Kang Shin-chul speaks during a Cabinet meeting presided over by President Lee Jae Myung at Cheong Wa Dae in Seoul, Tuesday. Yonhap Defense Minister Kang Shin-chul heads to the Philippines Tuesday to attend a regional defense ministers’ meeting, his first multilateral security gathering since taking office, the Ministry of National Defense said. Kang…

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GNI per capita ‘almost certain’ to reach $40,000 in 2026: finance ministry

Finance Minister Lee Young-il speaks during a meeting discussing housing stabilization for young adults and the elderly in Seoul, Friday. Courtesy of Ministry of Finance and Economy Korea is “almost certain” to reach a gross national income (GNI) per capita of $40,000 this year, the finance ministry said Tuesday, as Asia’s No. 4 economy grew…

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