Seoul stocks close 2.37 pct lower

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SEOUL, May 14 (Yonhap) -- South Korean shares closed 2.37 percent lower Thursday, pummeled by relentless institutional and foreign selling, analysts said.

Major music firms join hands to overcome low sales

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SEOUL, May 14 (Yonhap) -- Five major South Korean music firms said Thursday, they will join forces under the title "Korea Music Power" to overcome the dwindling consumption of local pop music and t

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