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President Rouhani’s admin. backs deal with Hyundai
Dec 12, 2016 13:22The administration of President Hassan Rouhani has come out in support of a landmark agreement with South Korea’s Hyundai Heavy Industries for construction of 10 mega-size containers and tankers following criticisms at home that the agreement should have been awarded to local builders.
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South Korea prosecutors indict ex-presidential aides in scandal probe
Dec 11, 2016 08:42South Korean prosecutors have charged two former senior presidential aides as part of an investigation into a massive corruption scandal that led to the impeachment of president Park Geun-hye.
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Massive rally held in S Korea capital to celebrate Park impeachment
Dec 10, 2016 11:18Hundreds of thousands have taken part in a celebration rally in the South Korean capital of Seoul a day after the country’s legislators voted to impeach scandal-hit President Park Geun-hye.
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South Korea's Hyundai inks major ship building deals with Iran
Dec 10, 2016 03:08Iran says it has signed contracts with South Korea’s shipyard Hyundai Heavy Industries Company to build at least eight Ultra Large Container Vessels (ULCVs) as well as medium-range tankers for carrying petroleum products.
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South Korea's lawmakers pass impeachment motion against Park
Dec 09, 2016 07:47South Korean lawmakers have approved an impeachment motion against President Park Geun-hye, stripping her of sweeping executive powers over a corruption scandal that has rattled her administration.
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South Korea's opposition introduces motion to impeach Pres. Park
Dec 08, 2016 06:11South Korean opposition parties have introduced a motion in the parliament to impeach embattled President Park Geun-hye over an influence peddling scandal.
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Woman behind South Korea political scandal rejects order to testify
Dec 07, 2016 12:17The woman at the center of a massive political scandal in South Korea has rejected an order to appear before a parliamentary committee to testify in the case.
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South Korean tycoons line up for biggest corruption probe
Dec 05, 2016 08:08The South Korean parliament has kicked off an unprecedented series of hearings that will see top business heads grilled over their alleged connections with President Park Geun-hye’s influence-peddling scandal.
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South Korean president loses ruling party support
Dec 01, 2016 10:50The ruling party in South Korea has taken a unanimous approach to call on embattled President Park Geun-hye to resign in April next year over an influence peddling scandal.
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South Korea’s Iran oil imports doubled in Q3
Nov 29, 2016 10:43The latest official figures show that South Korea’s imports of crude oil from Iran more than doubled in the third quarter in a yet another indication that the Islamic Republic is rapidly increasing its post-sanctions oil exports.