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• SK Ie Technology shifts to loss in Q2

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  SEOUL, July 27 (Yonhap) -- SK Ie Technology Co. on Wednesday reported its second-quarter net loss of 21.8 billion won (US$16.6 million), shifting from a profit of 42.1 billion won a year earlier.The company said in a regulatory filing that it posted
• LG Chem Q2 net income down 54.1 pct. to 718.3 bln won

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  SEOUL, July 27 (Yonhap) -- LG Chem Ltd. on Wednesday reported its second-quarter net income of 718.3 billion won (US$547 million), down 54.1 percent from a year earlier.The company said in a regulatory filing that it posted 878.5 billion won in opera
• Samsung Biologics Q2 net profit up 25.1 pct to 152 bln won

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  SEOUL, July 27 (Yonhap) -- Samsung Biologics Co. on Wednesday reported its second-quarter net profit of 152 billion won (US$115.8 million), up 25.1 percent from a year earlier.Operating profit for the April-June period was 169.7 billion won, up 1.7 p
• GS E&C Q2 net income up 190.1 pct to 180 bln won

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  SEOUL, July 27 (Yonhap) -- GS Engineering & Construction Corp. on Wednesday reported its second-quarter net profit of 180 billion won (US$137 million), up 190.1 percent from a year earlier.The company said in a regulatory filing that it posted 164.4
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  Abnormal overseas money transfers at 2 banks valued at 4.1 tln won: watchdog

  SEOUL, July 27 (Yonhap) -- South Korea's financial watchdog said Wednesday its probe found abnormal foreign exchange transactions reported by two major banks, Woori Bank and Shinhan Bank, were valued at 4.1 trillion won (US$3.2 billion).Unspecifi
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  S. Korea to open 1st hydrogen production base in metropolitan area

  SEOUL, July 27 (Yonhap) -- South Korea held a ceremony to mark the completion of a new hydrogen production plant in the city of Pyeongtaek, the first such facility in the metropolitan area, the industry ministry said Wednesday.The base in Pyeongtaek,
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  (LEAD) LG Display turns to red in Q2 on sluggish demand, falling panel prices

  (ATTN: CHANGES headline; REWRITES throughout; ADDS photo)SEOUL, July 27 (Yonhap) --LG Display Co. said Wednesday it turned to red in the second quarter on production disruptions caused by China's COVID-19 lockdowns and sluggish demand for display
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  BOK needs to continue to raise policy rate for time being: board member

  SEOUL, July 27 (Yonhap) -- South Korea's central bank should continue to hike the key interest rate for the time being to put a lid on rising prices and keep inflation expectations anchored, a Bank of Korea (BOK) board member said Wednesday.Suh Y
• LG Display turns to red in Q2

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  SEOUL, July 27 (Yonhap) -- LG Display Co. on Wednesday reported its second-quarter net loss of 382 billion won (US$290.8 million), turning from a profit of 424.1 billion won a year earlier.The company said in a regulatory filing that it posted an ope
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  SsangYong Motor submits rehabilitation plan to court

  SEOUL, July 27 (Yonhap) -- SsangYong Motor Co. said Wednesday it has submitted its rehabilitation plan to a Seoul court one month after the court approved a local consortium as the final bidder for the debt-laden carmaker.On June 28, the Seoul Bankru
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  Daesang to set up joint venture with China Sinopharm International

  SEOUL, July 27 (Yonhap) -- Daesang Life Science, a South Korean manufacturer of health functional foods, said Wednesday it has inked a letter of intent with China Sinopharm International to set up a joint venture in a bid to make forays into the Chin
• Samsung Engineering Q2 net income up 48.9 pct to 139.6 bln won

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  SEOUL, July 27 (Yonhap) -- Samsung Engineering Co. on Wednesday reported its second-quarter net profit of 139.6 billion won (US$106.3 million), up 48.9 percent from a year earlier.The company said in a regulatory filing that operating income for the
• Samsung Electro-Mechanics Q2 net income up 20.5 pct to 282.8 bln won

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  SEOUL, July 27 (Yonhap) -- Samsung Electro-Mechanics Co. on Wednesday reported its second-quarter net income of 282.8 billion won (US$215.2 million), up 20.5 percent from a year earlier.The company said in a regulatory filing that it posted 360.1 bil
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  Population mobility hits 48-year low in June

  SEJONG, July 27 (Yonhap) -- The number of South Koreans who moved to different residences in the country fell to the lowest level in 48 years in June due to population aging and lackluster housing transactions, data showed Wednesday.The number of peo
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  Childbirths hit all-time low in May; deaths rise to record high

  SEJONG, July 27 (Yonhap) -- The number of babies born in South Korea dipped to a record low in May due to the chronically low birthrate, while that of deaths hit an all-time high amid rapid aging and the COVID-19 pandemic, data showed Wednesday.A tot
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  (LEAD) LG Energy Solution eyes double-digit margins, triple sales growth in 5 years

  (ATTN: ADDS more details throughout, photo; CHANGES headline, lead) By Kim Seung-yeon SEOUL, July 27 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Wednesday it aims to boost annual sales by more than threefold and achieve double-digit operating pro
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  (2nd LD) SK hynix logs record sales in Q2, warns weak demand in 2nd half

  (ATTN: CHANGES headline; ADDS more details in paras 2-3, last 10 paras, photo)By Woo Jae-yeonSEOUL, July 27 (Yonhap) -- SK hynix Inc. said Wednesday it logged record quarterly sales and the best second-quarter operating profits in four years, driven
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  S. Korea calls for digital pact with ASEAN under FTA framework

  SEOUL, July 27 (Yonhap) -- South Korea on Wednesday suggested a new agreement on digital technology and systems with the Association of Southeast Asian Nations (ASEAN) countries under their free trade pact in a move to further bolster bilateral econo
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  Number of trading firms hits record high in 2021

  SEOUL, July 27 (Yonhap) -- The number of trading firms in South Korea touched a fresh all-time high in 2021 on brisk exports and imports, government data showed Wednesday.Asia's fourth-largest economy had 253,058 trading companies last year, up 4
• LG Energy Solution Q2 net tumbles 86 pct amid supply chain disruptions

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  SEOUL, July 27 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) said Wednesday its second-quarter net profit tumbled 85.7 percent from a year earlier amid persistent global supply chain disruptions and other factors. Net income r