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  OECD leading index for S. Korea dips for 13th month in June

  SEJONG, July 25 (Yonhap) -- A leading economic index for South Korea dropped for the 13th straight month in June, data showed Monday, amid soaring material costs and growing financial instability.The composite leading indicator (CLI) of economic acti
• Samsung Card Q2 net profit up 7.9 pct to 155.2 bln won

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  SEOUL, July 25 (Yonhap) -- Samsung Card Co. on Monday reported its second-quarter net income of 155.2 billion won (US$118.3 million), up 7.9 percent from a year earlier.The company said in a regulatory filing that it posted 209.7 billion won in opera
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  POSCO shifts to emergency mode over potential global recession

  SEOUL, July 24 (Yonhap) -- South Korean steel giant POSCO Group has put itself on an emergency management footing, its holding company said Sunday, as business units across the group brace for weaker profits amid an expected slowdown of the global ec
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  Siemens Korea fined for unfair biz practices

  SEOUL, July 24 (Yonhap) -- Siemens Korea was fined 480 million won (US$365,600) for exaggerating expenses of repairing medical appliances and arbitrarily passing them onto its contractors, the antitrust regulator said Sunday.The Korean unit of the Ge
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  Hyundai, Kia record robust sales growth in Vietnam, Indonesia in H1: associations

  SEOUL, July 24 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. recorded robust on-year sales growth in Vietnam and Indonesia in the first half of 2022, delivering strong performances in the markets traditionally dominated by Japanese automa
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  (LEAD) Hana Financial's Q2 net down on increased loan-loss reserve

  (ATTN: RECASTS throughout with details; ADDS image; CHANGES headline) SEOUL, July 22 (Yonhap) -- Hana Financial Group Inc., a major financial holding group in South Korea, said Friday its earnings shrank in the second quarter on increased loan-loss r
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  (LEAD) Woori Financial reports record net profit in H1

  (ATTN: RECASTS throughout with details; CHANGES headline)By Chung Joo-wonSEOUL, July 22 (Yonhap) -- Woori Financial Group Inc., a major South Korean banking group, on Friday reported a record first-half net profit as its interest income rose after th
• Hana Financial Group Q2 net profit down 9.1 pct to 847.6 bln won

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  SEOUL, July 22 (Yonhap) -- Hana Financial Group Inc. on Friday reported its second-quarter net profit of 847.6 billion won (US$645.6 million), down 9.1 percent from a year earlier.The company said in a regulatory filing that it posted 1.14 trillion w
• IBK Q2 net profit down 8.9 pct to 566.7 bln won

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  SEOUL, July 22 (Yonhap) -- Industrial Bank of Korea on Friday reported its second-quarter net profit of 566.7 billion won (US$431.7 million), down 8.9 percent from a year earlier.The company said in a regulatory filing that it posted 742.2 billion wo
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  (LEAD) Kia Q2 net jumps 40 pct on weak won, SUVs

  (ATTN: RECASTS throughout; ADDS photo)SEOUL, July 22 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Friday its second-quarter net profit jumped 40 percent from a year earlier on an improved product mix and a weak won. Net prof
• Kia Q2 net income up 40.1 pct to 1.88 tln won

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  SEOUL, July 22 (Yonhap) -- Kia Corp. on Friday reported its second-quarter net profit of 1.88 trillion won (US$1.4 billion), up 40.1 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June period r
• Foreign currency deposits down in June on import bills, strong dollar

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  SEOUL, July 22 (Yonhap) -- Foreign currency deposits at banks in South Korea shrank in June as importers paid bills and individuals sold the greenback amid a strong dollar, data showed on Friday. Residents' outstanding foreign currency-denominate
• Hyundai E&C Q2 net income up 164.8 pct to 224.9 bln won

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  SEOUL, July 22 (Yonhap) -- Hyundai Engineering & Construction Co. on Friday reported its second-quarter net profit of 224.9 billion won (US$171.5 million), up 164.8 percent from a year earlier.The company said in a regulatory filing that operating pr
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  SK On, Ford, ECOPRO to jointly invest in U.S. cathode facility

  SEOUL, July 22 (Yonhap) -- South Korean battery maker SK On Co. said Friday it has partnered with Ford Motor Co. and a domestic cathode firm to jointly invest in a cathode materials production facility in the United States. SK On said it it has recen
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  (LEAD) Hyundai Mobis Q2 net rises 15 pct on equity gains

  (ATTN: RECASTS throughout; ADDS photo)SEOUL, July 22 (Yonhap) -- Hyundai Mobis Co., South Korea's leading auto parts maker, said Friday its second-quarter net profit rose 15 percent from a year earlier on shareholding gains from its affiliates.Ne
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  (LEAD) Shinhan Financial's Q2 net rises 4.85 pct

  (ATTN: RECASTS throughout with details; CHANGES headline)By Chung Joo-wonSEOUL, July 22 (Yonhap) -- Shinhan Financial Group Co., a major South Korean financial holding firm, on Friday reported a 4.85 percent hike in its second-quarter net profit comp
• LG Energy Solution to supply more battery packs to Ford Motor

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  SEOUL, July 22 (Yonhap) -- LG Energy Solution, South Korea's leading electric vehicle battery maker, said Friday it will supply more battery packs to Ford Motor Co. as the U.S. carmaker ramps up its global production of electric vehicles. LG Ener
• Shinhan Financial Group Q2 net income up 4.8 pct to 1.33 tln won

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  SEOUL, July 22 (Yonhap) -- Shinhan Financial Group Co. on Friday reported its second-quarter net profit of 1.33 trillion won (US$1 billion), up 4.8 percent from a year earlier.Operating income for the April-June period was 1.74 trillion won, up 3.3 p
• Hyundai Mobis Q2 net income up 15 pct to 769.7 bln won

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  SEOUL, July 22 (Yonhap) -- Hyundai Mobis Co. on Friday reported its second-quarter net profit of 769.7 billion won (US$586.9 million), up 15 percent from a year earlier.Operating income for the April-June period was 403.3 billion won, down 28.4 perce
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  Producer prices grow for 6th month in June on high energy, service costs

  SEOUL, July 22 (Yonhap) -- South Korea's producer prices gained for the sixth straight month in June, driven by rising prices of oil, coal and services, central bank data showed Friday.The producer price index, a major barometer of consumer infla