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• S. Korea seeks stronger ties with Lithuania in bio, laser sectors

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  SEOUL, Aug. 4 (Yonhap) -- South Korea and Lithuania discussed ways Thursday to boost cooperation on bio, laser and other innovative industry sectors, Seoul's industry ministry said.During a meeting with Lithuania's Vice Economy Minister Jovit
• KT&G Q2 net rises 34 pct. to 330.1 bln won

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  SEOUL, Aug. 4 (Yonhap) -- KT&G Corp. on Thursday reported its second-quarter net income of 330.1 billion won (US$252.3 million), up 34 percent from a year earlier.The company said in a regulatory filing that it posted 327.6 billion won in operating p
• S. Korea to expand support for use of AI, big data in financial sector

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  SEOUL, Aug. 4 (Yonhap) -- South Korea will provide various forms of support to help local financial firms more actively use fast-advancing artificial intelligence (AI) technology in their businesses, a top financial regulator said Thursday.In a meeti
• 4 companies to recall over 52,000 vehicles over faulty parts

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  SEOUL, Aug. 4 (Yonhap) -- Hyundai Motor Co., Mercedes-Benz Korea and two other companies will voluntarily recall more than 52,000 vehicles to fix faulty components, the transport ministry said Thursday.These are the latest in a series of recalls by c
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  (LEAD) Kakao Q2 net income down 68 pct on-year on base effect

  (ATTN: RECASTS with more details; CHANGES headline; ADDS image)SEOUL, Aug. 4 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Thursday its second-quarter net profit fell 68 percent from a year earlier du
• Kakao Q2 net income down 68 pct to 101.2 bln won

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  SEOUL, Aug. 4 (Yonhap) -- Kakao Corp. on Thursday reported its second-quarter net income of 101.2 billion won (US$77.2 million), down 68 percent from a year earlier.The company said in a regulatory filing that operating income for the April-June peri
• Top headlines in major S. Korean newspapers

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  SEOUL, Aug. 4 (Yonhap) -- The following are the top in major South Korean newspapers on Aug. 4.Korean-language dailies-- Pelosi vows to defend Taiwan's democracy; China hits back (Kyunghyang Shinmun)-- Pelosi denounces China; China to launch mil
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  (LEAD) S. Korea to set free dolphin from aquarium into sea after 17 years in captivity

  (ATTN: ADDS more details in paras 2, 7-9; RECASTS headline to highlight release decision)SEOUL, Aug. 3 (Yonhap) -- South Korea will move a dolphin kept in an aquarium for more than a decade into a pen
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  GS Retail's craft beer exports grow 18 times over past 3 1/2 years

  SEOUL, Aug. 3 (Yonhap) -- GS Retail, the operator of GS25 convenience stores, said Wednesday exports of its craft beer products surged over 18 times between 2019 and the first half of 2022 amid a global craft beer boom.GS said its total exports of cr
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  (LEAD) Car-sharing firm SOCAR confident of successful IPO

  (ATTN: SPECIFIES dates in 2nd para; ADDS details in last 4 paras)By Chung Joo-won SEOUL, Aug. 3 (Yonhap) -- South Korea's largest car-sharing and mobility service provider SOCAR Inc. on Wednesday said that its planned initial public offering (IPO
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  S. Korea to move captive dolphin from aquarium into sea pen

  SEOUL, Aug. 3 (Yonhap) -- South Korea said Wednesday it will move a dolphin kept in an aquarium for more than a decade into a pen in the sea, as a step toward releasing him into the wild.Experts said Bibong, an Indo-Pacific bottlenose dolphin and bel
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  Exports of Lotte's flavored soju reach 41.9 bln won over past 6 years

  SEOUL, Aug. 3 (Yonhap) -- Lotte Chilsung Co., the beverage unit of Lotte Group, said Wednesday the combined exports of its flavored soju Soonhari reached 41.9 billion won (US$32 million) between 2016 and 2021.During the period, Lotte Chilsung said it
• KCC Q2 net income down 52.2 pct to 182.2 bln won

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  SEOUL, Aug. 3 (Yonhap) -- KCC Corp. on Wednesday reported its second-quarter net profit of 182.2 billion won (US$139.1 million), down 52.2 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June pe
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  S. Korea's trade chief calls for close communication channels with China

  SEOUL, Aug. 3 (Yonhap) -- South Korea's Trade Minister Ahn Duk-geun called Wednesday for the establishment of close communication channels with the Chinese government and civilian entities to boost bilateral trade and investment.Ahn made the rema
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  Car-sharing firm SOCAR confident of successful IPO

  By Chung Joo-won SEOUL, Aug. 3 -- South Korea's largest car-sharing and mobility service provider SOCAR Inc. on Wednesday said that its planned initial public offering (IPO) will be successful despite unfavorable market conditions.SOCAR, establis
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  9 makers of liquid carbon dioxide fined for price fixing

  SEJONG, Aug. 3 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has decided to levy a combined fine of 5.33 billion won (US$4.1 million) on nine manufacturers of liquid carbon dioxide for price fixing.Deokyang Co. and eight other c
• SD Biosensor Q2 net profit up 18.1 pct to 338.6 bln won

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  SEOUL, Aug. 3 (Yonhap) -- SD Biosensor Inc. on Wednesday reported its second-quarter net income of 338.6 billion won (US$258.4 million), up 18.1 percent from a year earlier.The company said in a regulatory filing that it posted 348.1 billion won in o
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  SK hynix announces development of advanced 286-layer NAND flash

  SEOUL, Aug. 3 (Yonhap) -- SK hynix Inc. said Wednesday it has developed the NAND flash with the industry's highest vertical layers that enable improved productivity and fast data transfer.The world's second largest memory chip maker said its
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  (LEAD) Hyundai, Kia's July U.S. sales fall 11 pct amid chip shortage

  (ATTN: UPDATES figures throughout; ADDS photo) SEOUL, Aug. 3 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 11 percent last month from a year earlier amid the prolonged global c
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  Samsung, 5 other S. Korean firms to work with Malaysian energy firm for carbon capture storage project

  SEOUL, Aug. 3 (Yonhap) -- Samsung Engineering Co. and five other South Korean companies have teamed up with Malaysia's state energy company Petroliam Nasional Berhad to work on a project to capture, transport and store carbon dioxide, an emerging