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July 12, 2024

S. Korea lays keel for 2nd 3,600-ton submarine

South Korea has laid the keel for its second 3,600-ton class naval submarine, the state arms procurement agency said Friday, amid efforts to acquire advanced diesel-electric attack submarines for enhanced underwater capabilities against North

Seoul shares snap 3-day rise on profit-taking

Seoul shares closed lower Friday, snapping a rise for three consecutive sessions, as investors cashed in profits after the U.S. market finished bearish despite slowing inflation data. The local currency fell against the U.S.