Seoul cautious about anti-US tariffs
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November 29, 2004 ã¡ Seoul said yesterday it would be cautious about levying retaliatory tariffs on US products, after the World Trade Organization on Friday gave Korea and six other economies the green light to enact such tariffs in response to a US
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Samsung, the world&#39;s top memory chipmaker, said on Thursday that its US subsidiary would put aside $100m in antitrust provisions related to a computer memory chip dispute.
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The US and the EU have responded cautiously to Chinaâs announcement that it would impose export duties on some textile products to ensure a âsmooth transitionâ on the
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South Korea rejects its first imports of US beef in three years on health grounds, threatening a key trade deal.
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U.S. negotiators played down prospects for a breakthrough this week in the latest round of long-running talks with South Korea over cutting tariffs and other trade barriers.
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South Korea and the United States closed a round of defense talks in Seoul on Friday aimed at scheduling a reduction of US troops on the Korean peninsula without agreeing on the timeline of the realignment.
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Seoul shares were under pressure early on Monday as a strong currency fueled worries about export earnings but Hong Kong and Singapore stocks were slightly firmer in light post-holiday trade.
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The United States and South Korea failed to hammer out a deal over a timetable for the planned reduction of US troops here, with Seoul asking for the cut to be delayed, officials said.
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Samsung Electronics, the world&#39;s top memory chipmaker, said on Thursday its US subsidiary would put aside $100 million in antitrust provisions related to a computer memory chip dispute.
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With North Korea&#39;s nuclear tension in a 22-month impasse, Seoul is seeking to take on a more active role to resolve the issue.
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Seoul shares briefly hit a record on Monday but then headed lower as exporters fell after China raised interest rates and on worries that troubles in U.S. subprime mortgages would hurt the world's largest economy.
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North Korea&#39;s nuclear aspirations, allies&#39; worries about the US budget deficit and hopes for global trade deals will be on the agenda this weekend as President Bush attends
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South Korean officials were very cautious when they were waiting for the outcome of the closely contested US presidential election, refraining from making any prediction or comments.
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Seoul shares retreated from a one-month  high early on Wednesday as recent outperformers such as Hyundai  Heavy fell on worries a four-day rally had been excessive given  persistent doubts about the economy and corporate profits.
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The United States must put aside speculation over whether North Korea can be trusted and work to convince Pyongyang it will be more secure without nuclear arms, South Korea's foreign minister said on Friday.
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South Korea and the United States held talks on Thursday to review labor and environmental standards included in a sweeping trade deal struck earlier in the year in order to help its passage in the U.S. Congress.
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South Korean shares and the won currency sagged on fears about North Korea's nuclear ambitions and after top computer maker Dell reported slow holiday sales, while concerns about U.S. deficits capped the dollar.