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• HD Hyundai Q3 net profit up 1061.2 pct to 688.6 bln won

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  SEOUL, Oct. 27 (Yonhap) -- HD Hyundai Co. on Thursday reported its third-quarter net income of 688.6 billion won (US$484.7 million), up 1061.2 percent from a year earlier.The company said in a regulatory filing that it posted 1.07 trillion won in ope
• Hyundai Mipo Dockyard Q3 net profit up 204 pct to 107.3 bln won

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  SEOUL, Oct. 27 (Yonhap) -- Hyundai Mipo Dockyard Co. on Thursday reported its third-quarter net income of 107.3 billion won (US$75.5 million), up 204 percent from a year earlier.The company said in a regulatory filing that operating profit for the Ju
• Hyundai Heavy Industries Q3 net income down 1.8 pct to 50.4 bln won

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  SEOUL, Oct. 27 (Yonhap) -- Hyundai Heavy Industries Co. on Thursday reported its third-quarter net income of 50.4 billion won (US$35.4 million), down 1.8 percent from a year earlier.The company said in a regulatory filing that operating income for th
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  Regulators to temporarily ease loan-deposit ratio for corporate loans

  SEOUL, Oct. 27 (Yonhap) -- South Korea's financial regulators on Thursday said they will temporarily ease the loan-deposit ratio requirement on corporate loans for six months to add liquidity into the financial markets. The Financial Services Com
• Korea Shipbuilding & Offshore Engineering Q3 net profit up 64 pct to 315.9 bln won

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  SEOUL, Oct. 27 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. on Thursday reported its third-quarter net income of 315.9 billion won (US$222.1 million), up 64 percent from a year earlier.The company said in a regulatory filing that it post
• Hanwha Solutions Q3 net income down 28.4 pct to 138.6 bln won

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  SEOUL, Oct. 27 (Yonhap) -- Hanwha Solutions Corp. on Thursday reported its third-quarter net profit of 138.6 billion won (US$97.4 million), down 28.4 percent from a year earlier.The company said in a regulatory filing that it posted 348.4 billion won
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  Gangwon Province to repay Legoland Korea developer's debt by Dec. 15

  Gangwon Province to repay Legoland Korea developer's debtby Dec. 15CHUNCHEON, South Korea, Oct. 27 (Yonhap) -- The Gangwon provincial government said Thursday it will fulfill its debt payment guarantee for the developer of Legoland Korea Resort b
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  (2nd LD) Samsung logs profit drop on weak demand, reaffirms no production cut

  (ATTN: CHANGES headline; ADDS details in last 14 paras, photos)By Woo Jae-yeonSEOUL, Oct. 27 (Yonhap) -- Samsung Electronics Co. on Thursday posted a sharp drop in profits for the third quarter, as its main semiconductor business faced major headwind
• Trade terms worsen for 18th straight month in September

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  SEOUL, Oct. 27 (Yonhap) -- South Korea's terms of trade worsened for the 18th straight month in September as import prices grew much faster than exports, central bank data showed Thursday.The nation's net terms-of-trade index for goods came t
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  Local retailer of Japanese fashion brand Uniqlo fined over misleading ads

  By Kang Yoon-seungSEOUL, Oct. 27 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to impose a fine of 153 million won (US$108,000) on a retailer of popular Japanese fashion brand Uniqlo over misleading advertisements.The
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  S. Korean property prices set to continue to lose ground on high interest rates

  By Kang Yoon-seungSEOUL, Oct. 27 (Yonhap) -- South Korea's property prices are expected to maintain a downward trend as interest rates are expected to stay high through at least early 2023, a state-run think tank said Thursday.The average price o
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  BOK to broaden forms of collateral it accepts to make loans

  SEOUL, Oct. 27 (Yonhap) -- The Bank of Korea (BOK) said Thursday that it has decided to include bank debentures and debt issued by nine state-run companies on a list of collateral it accepts for making loans in the latest move to inject liquidity and
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  Kakao Bank beefs up banking services for self-employed

  By Chung Joo-wonSEOUL, Oct. 27 (Yonhap) -- Kakao Bank, the internet-only bank under mobile platform service provider Kakao Corp., on Thursday said it plans to enhance its banking services for the self-employed business, seeking to expand its customer
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  (2nd LD) Samsung Group's de facto leader Lee promoted to chairman

  (ATTN: ADDS Lee's message in paras 3-6) SEOUL, Oct. 27 (Yonhap) -- Samsung Electronics Co.'s new Chairman Lee Jae-yong called on employees Thursday to rise up to challenges and to focus more on technology development."Now is time for us
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  (LEAD) SK Geocentric steps up foreign partnerships for plastic recycling

  (ATTN: CLARIFIES processing capacity and other info in paras 5-6 as revised by the company)SEOUL, Oct. 27 (Yonhap) -- SK Geocentric Co., a chemical unit of South Korea's SK Group, said Thursday it has signed a binding joint venture agreement with
• Refiners' Q3 exports hit US$16.3 bln amid supply bottlenecks

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  SEOUL, Oct. 27 (Yonhap) -- Exports of petroleum products by major refiners in South Korea hit a record quarterly high of US$16.3 billion in the third quarter, helped by higher fuel prices amid prolonged supply bottlenecks stemming from Russia's i
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  (LEAD) Samsung Group's de facto leader Lee promoted to chairman

  (ATTN: ADDS details in paras 1-2, last 5 paras) SEOUL, Oct. 27 (Yonhap) -- Samsung Group's de facto leader Lee Jae-yong was promoted to chairman of Samsung Electronics Co., the crown jewel of the group, the company said Thursday.His promotion was
• Hanwha Systems Q3 net income down 91.7 pct to 2.6 bln won

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  SEOUL, Oct. 27 (Yonhap) -- Hanwha Systems Co. on Thursday reported its third-quarter net income of 2.6 billion won (US$1.8 million), down 91.7 percent from a year earlier.The company said in a regulatory filing that operating profit for the July-Sept
• (LEAD) S-Oil swings to red in Q3 on falling oil prices, currency loss

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  (ATTN: CHANGES headline; ADDS more details throughout) SEOUL, Oct. 27 (Yonhap) -- S-Oil Corp. said Thursday it swung to the red in the third quarter from a year earlier on weaker margins from falling oil prices and currency loss. The company reported
• Samsung SDS Q3 net income up 101 pct to 400.7 bln won

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  SEOUL, Oct. 27 (Yonhap) -- Samsung SDS Co. on Thursday reported its third-quarter net profit of 400.7 billion won (US$283.1 million), up 101 percent from a year earlier.Operating income for the July-September period was 185 billion won, down 16.7 per