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Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Thursday.

  
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BOK revises up 2013 growth outlook to 2.8 pct
SEOUL -- South Korea's central bank on Thursday raised its economic growth forecast for this year to 2.8 percent from its earlier estimate of 2.6 percent as the local economy is improving, aided by fiscal and monetary stimulus.

   The forecast by the Bank of Korea (BOK) is higher than the government's revised growth forecast of 2.7 percent for this year. The central bank's 2014 growth projection was revised up to 4 percent from the 3.8 percent estimate made in April.

  
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(LEAD) Banks required to beef up network systems
SEOUL -- The financial regulator said Thursday it will require banks to build a two-pronged network system in a bid to avert cyber attacks after a series of online hackings into some of their websites.

   The Financial Services Commission (FSC), the country's top financial watchdog, said it plans to have large banks separate their network systems into two partitions -- one for internal use and the other for online use -- by next year.

  
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Regulator likely to pick 100 smaller firms for restructuring
SEOUL -- The financial regulator will likely pick at least 100 smaller firms later this year to undergo restructuring following the first disclosure of large companies for a corporate overhaul, its official said Thursday.

   The Financial Supervisory Service (FSS) has been evaluating about 1,000 small and medium enterprises (SMEs) that owe 50 billion won (US$44.0 million) in loans to their creditor banks to sort out troubled companies that face the threat of default, according to its officials.

  
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(LEAD) BOK freezes key rate for 2nd month in July
SEOUL -- South Korea's central bank froze the key interest rate for the second straight month on Thursday amid uncertainty over the Federal Reserve's possible stimulus reduction and signs of economic recovery at home.

   Bank of Korea (BOK) Gov. Kim Choong-soo and his six fellow policymakers left the benchmark seven-day repo rate unchanged at 2.5 percent, as widely expected.

  
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S. Korea to re-examine fighter jet project
SEOUL -- South Korea will stop the current bidding for fighter jets and revise the project as high price tags have made the chance of selecting a satisfactory contractor slim, a senior official said Thursday.

   The move comes after the Defense Acquisition Program Administration (DAPA) carried out 55 separate biddings with three defense groups to buy 60 advanced jets with an 8.3 trillion won (US$7.2 billion) budget, but the procedure was put on hold last week due to their expensive price tags.

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