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  POSCO, Krakatau to invest US$3.5 bln in capacity expansion in Indonesia

  SEOUL, July 28 (Yonhap) -- POSCO and Indonesia's state-run steelmaker Krakatau agreed on Thursday to spend US$3.5 billion over the next five years on building a second furnace in the Southeast Asian country to meeting growing demand.POSCO and Kra
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  S. Korea to ramp up deregulation drive to spur corporate investment

  SEOUL, July 28 (Yonhap) -- The government said Thursday it would ease a total of 50 regulatory measures in an effort to promote corporate investment and to spur private sector-led growth.It is the first result of the Yoon Suk-yeol administration'
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  S. Korea's total population falls for the first time in 2021

  SEOUL, July 28 (Yonhap) -- South Korea's total population fell for the first time last year due to the country's low childbirths and rapid aging, along with a decline in incoming foreigners during the pandemic, data showed Thursday.The countr
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  S. Korea's trade terms down for 15th month in June

  SEOUL, July 28 (Yonhap) -- South Korea's terms of trade sank for 15 months in a row in June as import costs rose at a much faster clip than export prices, central bank data showed Thursday. The nation's net terms-of-trade index for goods -- a
• Cheil Worldwide Inc Q2 net income up 11.2 pct. to 61.3 bln won

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  SEOUL, July 28 (Yonhap) -- Cheil Worldwide Inc on Thursday reported its second-quarter net income of 61.3 billion won (US$47 million), up 11.2 percent from a year earlier.The company said in a regulatory filing that operating income for the April-Jun
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  S. Korea to increase investment in marine biology industry

  SEOUL, July 28 (Yonhap) -- South Korea vowed Thursday to boost investment in the marine biology sector to nurture the high-value field as a future growth engine and to create jobs.The marine biology industry uses marine organisms to develop bio mater
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  S. Korea's 1st lunar orbiter mission to be delayed amid SpaceX rocket maintenance issue

  SEOUL, July 28 (Yonhap) -- The upcoming launch of South Korea's first lunar orbiter mission will be postponed by at least two days due to additional maintenance of a SpaceX rocket, the Ministry of Science and ICT said Thursday.The Korea Pathfinde
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  POSCO Chemical bags US$10.8 bln additional deal to supply EV battery component to GM

  SEOUL, July 28 (Yonhap) -- POSCO Chemical Co. will supply a key electric vehicle (EV) battery component to General Motors Co. for three years starting 2023, in an additional US$10.8 billion deal expected to give a boost to the South Korean firm's
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  Hyundai Rotem signs initial deal to export K2 tanks to Poland

  SEOUL, July 28 (Yonhap) -- Hyundai Rotem Co., South Korea's sole tank manufacturer, said Thursday it has signed an initial deal to export 1,000 units of the K2 tank to Poland. Hyundai Rotem is in talks with the Polish government to finalize the d
• LS Electric Q2 net income down 29.2 pct to 26.7 bln won

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  SEOUL, July 28 (Yonhap) -- LS Electric Co. on Thursday reported its second-quarter net profit of 26.7 billion won (US$20.5 million), down 29.2 percent from a year earlier.The company said in a regulatory filing that operating income for the April-Jun
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  Retail sales up 9.3 pct in H1 amid eased virus curbs

  SEOUL, July 28 (Yonhap) -- Retail sales in South Korea rose 9.3 percent on-year in the first half of this year amid eased COVID-19 curbs and the growth in people's outdoor activities, the industry ministry said Thursday.The combined sales of 25 m
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  (2nd LD) Fed's rate hike to have limited impact on S. Korean market: finance minister

  (ATTN: UPDATES with more details throughout; CHANGES photo)By Kim Soo-yeonSEOUL, July 28 (Yonhap) -- South Korea's finance minister said Thursday the U.S. Federal Reserve's latest rate hike is expected to have a limited impact on the domestic
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  (LEAD) S-Oil Q2 net more than doubles amid rising oil prices

  SEOUL, July 28 (Yonhap) -- S-Oil Corp. said Thursday its second-quarter net profit more than doubled from a year earlier on the back of widened refining margins helped by higher oil prices. Net profit came to 1.01 trillion won (US$775.2 million) in t
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  (2nd LD) Samsung Electronics logs record Q2 revenue on server chips, warns of market uncertainties

  (ATTN: CHANGES headline; ADDS more details throughout, photo)By Woo Jae-yeonSEOUL, July 28 (Yonhap) -- Samsung Electronics Co. on Thursday reported its second-quarter net profit of 11.09 trillion won (US$8.5 billion), up 15.2 percent from a year earl
• Samsung SDS Q2 net profit up 65.4 pct to 272.5 bln won

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  SEOUL, July 28 (Yonhap) -- Samsung SDS Co. on Thursday reported its second-quarter net income of 272.5 billion won (US$208.2 million), up 65.4 percent from a year earlier.Operating profit for the April-June period was 270 billion won, up 20.1 percent
• S-Oil Q2 net profit up 146.9 pct to 1.01 tln won

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  SEOUL, July 28 (Yonhap) -- S-Oil Corp. on Thursday reported its second-quarter net profit of 1.01 trillion won (US$775.2 million), up 146.9 percent from a year earlier.The company said in a regulatory filing that it posted 1.72 trillion won in operat
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  (LEAD) Fed's rate hike to have limited impact on S. Korean market: finance minister

  (ATTN: UPDATES with more details throughout; ADDS photo)SEOUL, July 28 (Yonhap) -- South Korea's finance minister said Thursday the U.S. Federal Reserve's latest rate hike is expected to have a limited impact on the domestic financial market
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  (LEAD) Samsung Electronics Q2 net profit up 15.2 pct on strong chip biz

  (ATTN: RECASTS throughout with more details; ADDS photo)SEOUL, July 28 (Yonhap) -- Samsung Electronics Co. on Thursday reported its second-quarter net profit of 11.09 trillion won (US$8.5 billion), up 15.2 percent from a year earlier, on the back of
• Daewoo E&C Q2 net profit down 65.2 pct to 48.4 bln won

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  SEOUL, July 28 (Yonhap) -- Daewoo Engineering & Construction Co. on Thursday reported its second-quarter net profit of 48.4 billion won (US$36.9 million), down 65.2 percent from a year earlier.The company said in a regulatory filing that it posted 86
• Samsung Electronics Q2 net profit up 15.2 pct to 11.09 tln won

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  SEOUL, July 28 (Yonhap) -- Samsung Electronics Co. on Thursday reported its second-quarter net profit of 11.09 trillion won (US$8.5 billion), up 15.2 percent from a year earlier.Operating profit for the April-June period was 14.09 trillion won, up 12