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• Shinsegae Q2 net profit up 394.1 pct. to 82.3 bln won

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  SEOUL, Aug. 10 (Yonhap) -- Shinsegae Inc. on Wednesday reported its second-quarter net profit of 82.3 billion won (US$62.8 million), up 394.1 percent from a year earlier.The company said in a regulatory filing that it posted 187.4 billion won in oper
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  Korea Shipbuilding wins 1.96 tln-won order for 7 LNG carriers

  SEOUL, Aug. 10 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has bagged a 1.96 trillion-won (US$1.5 billion) order to build seven liquefied natural gas (LNG) carriers for an Asian shipper.Hyundai Heavy Industries
• Hanon Systems Q2 net income down 85.4 pct. to 14.6 bln won

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  SEOUL, Aug. 10 (Yonhap) -- Hanon Systems on Wednesday reported its second-quarter net income of 14.6 billion won (US$11.1 million), down 85.4 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June
• Regulator mulls easing curbs on large biz groups

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  SEOUL, Aug. 10 (Yonhap) -- South Korea's antitrust watchdog said Wednesday it plans to relax rules on large business groups under its tight supervision in line with the government's drive to ease corporate regulations.Under a revised enforcem
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  Banks' household loans down in July amid rising borrowing costs

  By Chung Joo-wonSEOUL, Aug. 10 (Yonhap) -- Household loans extended by banks in South Korea fell for the first time in four months in July, largely as people took out less credit loans amid the fast-rising interest rates, central bank data showed Wed
• KT Q2 net income down 2 pct to 363.4 bln won

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  SEOUL, Aug. 10 (Yonhap) -- KT Corp. on Wednesday reported its second-quarter net profit of 363.4 billion won (US$277.8 million), down 2 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June perio
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  Bond sales sink in July amid higher rate volatility

  SEOUL, Aug. 10 (Yonhap) -- Bond issuance in South Korea shrank in July from the previous month amid increasing interest rate volatility, industry data showed Wednesday.The value of bonds sold in Asia's fourth-largest economy stood at 66 trillion
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  Big 3 shipyards attain 87 pct of yearly order goals

  SEOUL, Aug. 10 (Yonhap) -- South Korea's three major shipbuilding companies have achieved nearly 87 percent of their yearly order targets thanks to a jump in orders for high-priced liquefied natural gas (LNG) carriers, government data showed Wedn
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  (2nd LD) S. Korea's job growth continues but slows in July amid economic uncertainty

  (ATTN: CHANGES headline; UPDATES with more details in paras 7-8)By Kim Soo-yeonSEOUL, Aug. 10 (Yonhap) -- South Korea reported job additions for the 17th straight month in July, but the pace of job growth slowed from the previous month amid heightene
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  (LEAD) S. Korea's job growth slows in July amid economic uncertainty

  (ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, Aug. 10 (Yonhap) -- South Korea reported job additions for the 17th straight month in July, but the pace of job growth slowed from the previous month amid heightened econom
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  Major firms' CEOs unload company shares amid weak stock market

  SEOUL, Aug. 10 (Yonhap) -- Chief executive officers of South Korea's major listed companies have sold a large amount of their company shares this year amid a bear market, a corporate tracker said Wednesday.The CEOs of the country's top 500 fi
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  S. Korea's job growth slows in July amid economic uncertainty

  By Kim Soo-yeonSEOUL, Aug. 10 (Yonhap) -- South Korea reported job additions for the 17th straight month in July, but the pace of job growth slowed from the previous month amid heightened economic uncertainty, data showed Wednesday.The number of empl
• (URGENT) 826,000 jobs added on-year in July, 17th straight month of job growth

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  SOCAR's IPO price set at 28,000 won, much lower than hoped, amid weak demand

  By Chung Joo-wonSEOUL, Aug. 9 (Yonhap) -- South Korea's largest car-sharing platform operator SOCAR Inc. said Tuesday its initial public offering (IPO) price has been set at 28,000 won (US$21.44) per share, which is much lower than the price rang
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  (2nd LD) Mirae Asset Securities Q2 net income down 26.1 pct amid sluggish stock market

  (ATTN: ADDS details in 6th para)SEOUL, Aug. 9 (Yonhap) -- South Korea's major brokerage house Mirae Asset Securities Co. on Tuesday said its second-quarter net income dropped 26.1 percent from a year ago amid the central bank's monetary tight
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  (LEAD) Mirae Asset Securities Q2 net income down 26.1 pct amid sluggish stock market

  (ATTN: RECASTS headline, lead; ADDS details throughout)SEOUL, Aug. 9 (Yonhap) -- South Korea's major brokerage house Mirae Asset Securities Co. on Tuesday said its second-quarter net income dropped 26.1 percent from a year ago amid the central ba
• Kiwoom Securities Q2 net income down 50.9 pct to 108.7 bln won

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  SEOUL, Aug. 9 (Yonhap) -- Kiwoom Securities Co. on Tuesday reported second-quarter net income of 108.7 billion won (US$83.3 million), down 50.9 percent from a year earlier.Operating profit for the April-June period was 127.3 billion won, down 56.5 pe
• GS Retail Q2 net income up 77.6 pct to 45.1 bln won

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  SEOUL, Aug. 9 (Yonhap) -- GS Retail Co. on Tuesday reported its second-quarter net income of 45.1 billion won (US$34.6 million), up 77.6 percent from a year earlier.The company said in a regulatory filing that operating income for the April-June peri
• Mirae Asset Securities Q2 net income down 26.1 pct to 263.5 bln won

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  SEOUL, Aug. 9 (Yonhap) -- Mirae Asset Securities Co. on Tuesday reported its second-quarter net income of 263.5 billion won (US$202 million), down 26.1 percent from a year earlier.Operating profit for the April-June period was 321.3 billion won, down
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  FSS chief co-hosts regional meeting of regulators, top central bankers

  SEOUL, Aug. 9 (Yonhap) -- The chief of South Korea's financial watchdog on Tuesday co-hosted a meeting of top financial regulators and central bank chiefs from the East Asia and Pacific region and discussed ways to respond to financial risks from