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  Daughter of late Samsung chairman tapped as advisor to Samsung Global Research

  SEOUL, Aug. 3 (Yonhap) -- A daughter of late Samsung Electronics Chairman Lee Kun-hee was tapped as an advisor to Samsung's global research center, sources said Wednesday.Lee Seo-hyun, Lee Kun-hee's second daughter, will work as an advisor to
• Imported car sales dip 12 pct in July amid chip shortage

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  SEOUL, Aug. 3 (Yonhap) -- Sales of imported vehicles in South Korea fell 12 percent last month from a year earlier as the chip shortage continued to affect vehicle production, an industry association said Wednesday.The number of newly registered fore
• Hybe Q2 net income up 358.1 pct to 93 bln won

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  SEOUL, Aug. 3 (Yonhap) -- Hybe Co. on Wednesday reported its second-quarter net profit of 93 billion won (US$70.8 million), up 358.1 percent from a year earlier.The company said in a regulatory filing that it posted 88.3 billion won in operating prof
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  LG Energy Solution to run global operations only on renewable energy from 2025

  SEOUL, Aug. 3 (Yonhap) -- LG Energy Solution Ltd. said Wednesday it will run its global production sites only on renewable energy starting in 2025 as part of efforts to achieve the goals for sustainable growth. All battery production facilities in So
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  Kakao Bank's Q2 net declines 18 pct on increased loan-loss reserves

  By Chung Joo-wonSEOUL, Aug. 3 (Yonhap) -- Kakao Bank, a major internet-only lender in South Korea, said Wednesday its earnings shrank 17.7 percent in the second quarter from a year ago, citing an increase in its loan-loss reserves. Net income came to
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  Busan Port's cargo handling dips 2.1 pct in H1

  BUSAN, Aug. 3 (Yonhap) -- Cargo processed at South Korea's largest port of Busan fell more than 2 percent in the first half of the year on slowing global consumption and other negatives, data showed Wednesday.Container cargo handled at the southe
• Hyundai, Kia's July U.S. sales fall 11 pct amid chip shortage

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  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 chip shortage.Hyundai and Kia sold 123,080 vehic
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  Big firms' payrolls increase 1.5 pct in H1 on eased pandemic curbs

  SEOUL, Aug. 3 (Yonhap) -- The combined workforce of large South Korean companies expanded 1.5 percent in the first half of the year from a year earlier amid eased COVID-19 restrictions, a corporate tracker said Wednesday.The number of workers hired b
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  Foreign reserves grow for 1st time in 5 months in July

  SEOUL, Aug. 3 (Yonhap) -- South Korea's foreign reserves increased for the first time in five months in July, thanks to increased operation profits and expanded deposits in foreign currency, central bank data showed Wednesday.The country's fo
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  Minutes show BOK board members call for swift rate hike to neutral level

  SEOUL, Aug. 2 (Yonhap) -- Board members of South Korea's central bank underlined the need for raising the policy interest rate to a neutral level as quickly as possible to curb fast-rising inflation pressure as they delivered a first-ever "
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  (LEAD) Kakao Pay narrows net loss in Q2 on franchise partnership expansion

  (ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, Aug. 2 (Yonhap) -- Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., said Tuesday its second-quarter net loss decreased 38.4 percent from a year earl
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  (LEAD) Hankook Tire Q2 net more than doubles on weak won

  (ATTN: RECASTS throughout with details; ADDS photo) SEOUL, Aug. 2 (Yonhap) -- Hankook Tire & Technology Co., the world's sixth-biggest tiremaker by sales, said Tuesday its second-quarter net profit more than doubled from a year earlier, helped by
• Hanatour Service remains in red in Q2

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  SEOUL, Aug. 2 (Yonhap) -- Hanatour Service Inc. on Tuesday reported its second-quarter net loss of 24.2 billion won (US$18.6 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to post an
• Korea Investment Holdings Q2 net profit down 66.8 pct to 100.1 bln won

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  SEOUL, Aug. 2 (Yonhap) -- Korea Investment Holdings Co. on Tuesday reported its second-quarter net income of 100.1 billion won (US$76.7 million), down 66.8 percent from a year earlier.The company said in a regulatory filing that it posted 167.2 billi
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  Ruling party to propose bills promoting growth of chips, advanced industries

  SEOUL, Aug. 2 (Yonhap) -- The ruling People Power Party (PPP) will propose a package of two bills to strengthen South Korea's competitiveness in the semiconductor industry, the party's special panel on chips said Tuesday. One of the bills cal
• Kakao Pay remains in red in Q2

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  SEOUL, Aug. 2 (Yonhap) -- Kakao Pay Corp. on Tuesday reported its second-quarter net loss of 5.7 billion won (US$4.4 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to post an operatin
• Ssangyong C&E Q2 net profit down 45.6 pct to 39 bln won

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  SEOUL, Aug. 2 (Yonhap) -- Ssangyong C&E Co. on Tuesday reported its second-quarter net profit of 39 billion won (US$29.8 million), down 45.6 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June
• Hankook Tire & Technology Q2 net profit up 102.6 pct to 327.4 bln won

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  SEOUL, Aug. 2 (Yonhap) -- Hankook Tire & Technology Co. on Tuesday reported its second-quarter net income of 327.4 billion won (US$250.6 million), up 102.6 percent from a year earlier.Operating income for the April-June period was 175.3 billion won,
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  S. Korea seeks Vietnam's support for corporate participation in power plant projects

  SEOUL, Aug. 2 (Yonhap) -- South Korea's industry minister on Tuesday asked for Vietnam's support to ensure that Korean companies can participate in gas-fueled power plant projects in the Southeast Asian country, his office said.Lee Chang-yang
• GS Retail fined 24.4 bln won for unfair biz practice

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  SEOUL, Aug. 2 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to impose a combined fine of 24.4 billion won (US$18.6 million) on GS Retail Co., the operator of GS 25 convenience stores, for its unfair business practice.G