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August 14, 2024

(LEAD) Seoul shares up for 4th day on hopes for rate cuts by Fed

South Korean stocks closed higher for the fourth consecutive session Wednesday as cooler-than-expected U.S. producer price data soothed concerns and boosted investors’ sentiment. The local currency sharply rose against the U.S. dollar.

The benchmark…

4 YouTubers indicted over ‘mukbang’ star blackmail case

Prosecutors indicted four YouTubers on Wednesday on charges of blackmailing and extorting “mukbang” star Tzuyang or abetting the crimes.

The Suwon District Prosecutors Office indicted Lee Jun-hee and Jeon Kuk-jin, known by their YouTube