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  (LEAD) SK Hynix logs record sales, highest profit in four years on chips

  (ATTN: CHANGES headline, lead; UPDATES throughout; ADDS photo)SEOUL, July 27 (Yonhap) -- SK hynix Inc. said Wednesday it logged record quarterly sales and the best operating profits in four years in the second quarter, driven by the sales of NAND fla
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  (LEAD) S. Korea's SK Group chief unveils plan to invest US$22 bln in meeting with Biden

  (ATTN: ADDS more details, background from para 10-19, byline; CHANGES dateline) By Byun Duk-kun and Kim Seung-yeon WASHINGTON/SEOUL, July 27 (Yonhap) -- Chey Tae-won, chairman of South Korea's SK Group, on Tuesday unveiled an ambitious plan to in
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  LG Chem inks long-term EV battery component supply deal with GM

  SEOUL, July 27 (Yonhap) -- LG Chem Ltd. said Wednesday it has clinched a long-term supply agreement with General Motors Co. to provide the U.S. carmaker with key materials for electric vehicle (EV) battery cells. LG Chem, the country's leading ch
• SK Hynix Q2 net profit up 44.7 pct to 2.87 tln won

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  SEOUL, July 27 (Yonhap) -- SK hynix Inc. on Wednesday reported its second-quarter net income of 2.87 trillion won (US$2.2 billion), up 44.7 percent from a year earlier.Operating income for the April-June period was 4.19 trillion won, up 55.6 percent
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  Yonhap Interview) NASA 'impressed' by technical astuteness, dedication of S. Korea's 1st lunar orbiter project: cooperation manager

  By Chang Dong-wooSEOUL, July 27 (Yonhap) -- A senior official of the U.S. space agency has said he was "very impressed" by South Korea's technical astuteness, as aerospace engineers of the two countries were working together to launch
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  ABS issuance down 32 pct in H1

  SEOUL, July 27 (Yonhap) -- The issuance of asset-backed securities (ABSs) in South Korea shrank 32 percent on-year in the first half of this year due to decreased sales of mortgage-backed securities, data showed Wednesday.The ABS issued during the Ja
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  Expected inflation hits record high, consumer sentiment dips to 21-month low, in July

  SEOUL, July 27 (Yonhap) -- Expected inflation in South Korea hit a record high in July amid rising energy and commodity costs, while consumer sentiment fell to the lowest point in 21 months, central bank data showed Wednesday.Expected inflation, an i
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  S. Korea's SK Group chief unveils plan to invest US$22 bln in meeting with Biden

  By Byun Duk-kunWASHINGTON, July 26 (Yonhap) -- Chey Tae-won, chairman of South Korea's SK Group, on Tuesday unveiled an ambitious plan to invest an additional US$22 billion in the United States in a rare meeting with U.S. President Joe Biden.Bide
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  IMF cuts 2022 growth outlook for S. Korea to 2.3 pct

  SEOUL, July 26 (Yonhap) -- The International Monetary Fund (IMF) on Tuesday lowered its 2022 economic growth outlook for South Korea to 2.3 percent, as Asia's fourth-largest economy faces heightened external economic uncertainty amid high inflati
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  Trade chief calls for IPEF's 'flexible, effective' role amid uncertainties

  SEOUL, July 26 (Yonhap) -- South Korean Trade Minister Ahn Duk-geun on Tuesday stressed the need to make the Indo-Pacific Economic Framework (IPEF) a flexible and effective mechanism to better respond to fast-changing global trade circumstances as me
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  Finance professor tapped as new BOK board member

  SEOUL, July 26 (Yonhap) -- South Korea's bank association said Tuesday it has recommended professor Shin Sung-hwan to be the new member of the central bank's monetary policy committee.The Korea Federation of Banks said it named Shin, a profes
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  PM expects economy to grow in mid-2 percent range

  SEOUL, July 26 (Yonhap) -- Prime Minister Han Duck-soo said Tuesday that South Korea's economy is expected to expand in the mid-2 percent range this year, though the growth is expected to slow to around 2 percent next year."Private consumpt
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  Special parliamentary committee kicks off to help improve people's livelihoods

  SEOUL, July 26 (Yonhap) -- The National Assembly launched a special committee designed to help stabilize the livelihoods of ordinary people amid soaring inflation and other economic woes.The committee, comprised of lawmakers from the ruling People Po
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  Woori Bank employee embezzled funds larger than initially thought: watchdog

  SEOUL, July 26 (Yonhap) -- South Korea's financial watchdog said Tuesday a Woori Bank employee allegedly embezzled 69.7 billion won (US$53.2 million) -- more than initially thought -- over an eight-year period.Wrapping up its monthslong probe int
• Hyundai Doosan Infracore Q2 net income down 63.1 pct to 57.5 bln won

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  SEOUL, July 26 (Yonhap) -- Hyundai Doosan Infracore Co. on Tuesday reported its second-quarter net profit of 57.5 billion won (US$44 million), down 63.1 percent from a year earlier.The company said in a regulatory filing that operating profit for the
• Oci Q2 net income up 1.6 pct.to 147.6 bln won

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  SEOUL, July 26 (Yonhap) -- Oci Co. on Tuesday reported its second-quarter net income of 147.6 billion won (US$112.8 million), up 1.6 percent from a year earlier.The company said in a regulatory filing that operating income for the April-June period r
• Hanmi Science Q2 net profit up 36.3 pct to 14.7 bln won

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  SEOUL, July 26 (Yonhap) -- Hanmi Science Co. on Tuesday reported its second-quarter net profit of 14.7 billion won (US$11.2 million), up 36.3 percent from a year earlier.The company said in a regulatory filing that it posted 16.5 billion won in opera
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  (LEAD) Hyundai Steel Q2 net up 61 pct on higher prices

  (ATTN: CHANGES headline, lead; ADDS info throughout)SEOUL, July 26 (Yonhap) -- Hyundai Steel Co., South Korea's No. 2 steelmaker, said Tuesday its second-quarter net profit spiked 60.7 percent from a year earlier on solid demand and price hikes.N
• Hyundai Wia Q2 net income up 420.8 pct to 199.7 bln won

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  SEOUL, July 26 (Yonhap) -- Hyundai Wia on Tuesday reported its second-quarter net profit of 199.7 billion won (US$152.5 million), up 420.8 percent from a year earlier.Operating income for the April-June period was 53.1 billion won, up 17.6 percent fr
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  All overseas air routes to 7 regional int'l airports normalized for 1st time since pandemic

  SEOUL, July 26 (Yonhap) -- All international air routes operated by South Korea's seven regional international airports have come back into service for the first time since the onset of the COVID-19 pandemic, the airport operator said Tuesday.Wit