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(URGENT) S. Korea posts current account surplus of US$5.61 bln in June

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Naver Q2 net profit down 70.7 pct to 158.5 bln won

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SEOUL, Aug. 5 (Yonhap) -- Naver Corp. on Friday reported its second-quarter net profit of 158.5 billion won (US$121 million), down 70.7 percent from a year earlier.Operating profit for the April-June period was 336.2 billion won, up 0.2 percent from
(EDITORIAL from Korea Herald on Aug. 5)

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Cutthroat competitionKorea should further beef up local chip sector given intensifying threats from overseas rivalsThe ruling People Power Party has proposed a package of two bills to strengthen the country's semiconductor industry with key count
Top headlines in major S. Korean newspapers

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SEOUL, Aug. 5 (Yonhap) -- The following are the top in major South Korean newspapers on Aug. 5.Korean-language dailies-- China stages missile drills meant to contain Taiwan after Pelosi's visit (Kyunghyang Shinmun)-- Yoon calls Pelosi's visi
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S. Korea's 1st lunar orbiter set for launch aboard SpaceX's Falcon 9 rocket

CAPE CANAVERAL, United States/SEOUL, Aug. 5 (Joint Press Corps-Yonhap) -- Engineers of South Korea's state-run Korea Aerospace Research Institute (KARI) were carrying out last-minute preparations Friday in the United States, just hours ahead of t
Hanchang Biotech to raise 12 bln won via stock sale

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SEOUL, Aug. 4 (Yonhap) -- Hanchang Biotech Co.on Thursday announced that it will sell stocks to raise 12 billion won (US$9.2 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory fil
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(LEAD) Korean Air Q2 net more than triples on recovering travel demand

(ATTN: UPDATES with details in paras 5-7, 9-10, 12; ADDS photo)SEOUL, Aug. 4 (Yonhap) -- Korean Air Lines Co. said Thursday its second-quarter net profit more than tripled from a year earlier on robust cargo deals and recovering travel demand.Net pro
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(LEAD) BGF Retail Q2 net up 22.6 pct on promotional events, dessert sales

SEOUL, Aug. 4 (Yonhap) -- BGF Retail, the operator of CU convenience stores, said Thursday its second-quarter net income rose 22.6 percent from a year earlier, thanks to promotional events and its popular dessert products.BGF logged a net profit of 5
Korean Air Q2 net more than triples on recovering travel demand

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SEOUL, Aug. 4 (Yonhap) -- Korean Air Lines Co. said Thursday its second-quarter net profit more than tripled from a year earlier on robust cargo deals and recovering travel demand.Net profit for the three months ended in June jumped to 450.41 billion
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(LEAD) S. Korea seeks stronger ties with Lithuania in bio, laser sectors

(ATTN: ADDS photo)SEOUL, Aug. 4 (Yonhap) -- South Korea and Lithuania discussed ways Thursday to boost cooperation in bio, laser and other innovative industry sectors, Seoul's industry ministry said.During a meeting with Lithuania's Vice Econ
BGF Retail Q2 net income up 22.6 pct to 57.4 bln won

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SEOUL, Aug. 4 (Yonhap) -- BGF Retail Co. on Thursday reported its second-quarter net income of 57.4 billion won (US$43.8 million), up 22.6 percent from a year earlier.The company said in a regulatory filing that operating income for the April-June pe
Dongwon Industries Q2 net income up 84.2 pct to 80.2 bln won

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SEOUL, Aug. 4 (Yonhap) -- Dongwon Industries Co. on Thursday reported its second-quarter net income of 80.2 billion won (US$61.1 million), up 84.2 percent from a year earlier.The company said in a regulatory filing that it posted 94.3 billion won in
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(LEAD) Final preparation under way for launch of S. Korea's 1st lunar orbiter

(ATTN: UPDATES with rocket vertically raised in 3rd para)CAPE CANAVERAL, United States/SEOUL, Aug. 4 (Joint Press Corps-Yonhap) -- South Korea's state-run Korea Aerospace Research Institute (KARI) was carrying out final preparations in the United
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Recent job growth mostly led by young, senior people: BOK report

SEOUL, Aug. 4 (Yonhap) -- The recent sharp job growth in South Korea was mostly driven by increased employment among youngsters and senior citizens, a central bank report said Thursday."The economically-active population has exceeded pre-pandem
Kolon Industries Q2 net income down 43.1 pct to 44.2 bln won

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SEOUL, Aug. 4 (Yonhap) -- Kolon Industries Inc. on Thursday reported its second-quarter net income of 44.2 billion won (US$33.7 million), down 43.1 percent from a year earlier.Operating profit for the April-June period was 88.5 billion won, down 16.2
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S. Korea to unveil inflation-combating measures ahead of Chuseok holiday

SEOUL, Aug. 4 (Yonhap) -- South Korea plans to roll out additional measures to tame inflation ahead of the Chuseok fall harvest holiday set for September, government officials said Thursday.The finance ministry is considering ways to increase the sup
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(LEAD) KT&G Q2 net jumps 34 pct on weak won

(ATTN: RECASTS throughout; ADDS photo)SEOUL, Aug. 4 (Yonhap) -- KT&G Corp., South Korea's dominant tobacco company, said Thursday its second-quarter net profit jumped 34 percent from a year earlier helped by a weak won. Net profit for the three m
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Social commerce platform Wemakeprice hires ex-Apple developer

SEOUL, Aug. 4 (Yonhap) -- Wemakeprice Inc., a South Korean social commerce platform , said Thursday it has hired an ex-Apple software developer as it strives to become a leading commerce platform.Lee Jin-ho, a search engine expert with some 17 years
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Discarded currency down 14.1 pct in H1 amid increase in non-cash payments

SEOUL, Aug. 4 (Yonhap) -- The amount of bills and coins discarded due to severe damage shrank 14.1 percent on-year in the first half amid increased prevalence of non-cash transactions, data showed Thursday.A total of 191.66 million damaged bills and
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Final preparation underway for launch of S. Korea's 1st lunar orbiter

CAPE CANAVERAL, United States/SEOUL, Aug. 4 (Joint Press Corps-Yonhap) -- South Korea's state-run Korea Aerospace Research Institute (KARI) was carrying out final preparations in the United States Thursday (Korean Time) ahead of the upcoming laun