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  Banks post higher net profit in Q1 amid increased interest income

  SEOUL, May 11 (Yonhap) -- Banks in South Korea logged a larger amount of net profit in the first quarter from a year earlier as rising borrowing costs drove up their interest income, data showed Wednesday.Their combined net income had come to 5.6 tri
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  Listed firms' operating profit forecast to gain 9.6 pct this year

  SEOUL, May 11 (Yonhap) -- Non-financial listed companies in South Korea will likely see their total operating income expand nearly 10 percent this year on rising sales, a local brokerage house said Wednesday.In its latest report, Hanwha Investment &
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  (2nd LD) Job growth extended for 14th month in April amid economic recovery

  (ATTN: UPDATES with more details throughout)By Kim Soo-yeonSEOUL, May 11 (Yonhap) -- South Korea reported job additions for the 14th consecutive month in April as economic recovery momentum has been extended despite heightened global uncertainty, dat
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  Jeju Air joins consortium for UAM services

  SEOUL, May 11 (Yonhap) -- Jeju Air Co., South Korea's biggest budget carrier, said Wednesday it has joined a consortium to provide urban air mobility (UAM) services in efforts to find a new growth driver. Jeju Air and five others formed the conso
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  (LEAD) S. Korea's exports up 28.7 pct in first 10 days of May

  (ATTN: RECASTS headline to add more info; ADDS more details from 3rd para)SEOUL, May 11 (Yonhap) -- South Korea's exports rose 28.7 percent in the first 10 days of May from a year earlier on the back of demand for chips and petroleum products, bu
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  S. Korea's exports up 28.7 pct in first 10 days of May

  SEOUL, May 11 (Yonhap) -- South Korea's exports rose 28.7 percent in the first 10 days of May from a year earlier on the back of demand for chips and petroleum products, customs data showed Wednesday.The country's outbound shipments stood at
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  (LEAD) Job growth extended for 14th month in April amid economic recovery

  (ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, May 11 (Yonhap) -- South Korea reported job additions for the 14th consecutive month in April as economic recovery momentum has been extended despite heightened global unce
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  Job growth extended for 14th month in April amid economic recovery

  By Kim Soo-yeonSEOUL, May 11 (Yonhap) -- South Korea reported job additions for the 14th consecutive month in April as economic recovery momentum has been extended despite heightened global uncertainty, data showed Wednesday.The number of employed pe
• (URGENT) 865,000 jobs added on-year in April, marking 14th straight month of job growth

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• Doubleugames Q1 net profit down 16.5 pct to 33.2 bln won

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  SEOUL, May 11 (Yonhap) -- Doubleugames Co. on Wednesday reported its first-quarter net profit of 33.2 billion won (US$26 million), down 16.5 percent from a year earlier.The company said in a regulatory filing that it posted 42.7 billion won in operat
• KEPCO E&C swings to red in Q1

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  SEOUL, May 10 (Yonhap) -- KEPCO Engineering & Construction Co. on Tuesday reported its first-quarter net loss of 1.7 billion won (US$1.3 million), turning from a profit of 1.6 billion won a year earlier.The company said in a regulatory filing that it
• CS Wind swings to red in Q1

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  SEOUL, May 10 (Yonhap) -- CS Wind Corp. on Tuesday reported its first-quarter net loss of 4.7 billion won (US$3.7 million), swinging from a profit of 28.1 billion won a year earlier.The company said in a regulatory filing that operating income for th
• Kiwoom Securities Q1 net income down 47.1 pct to 141.1 bln won

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  SEOUL, May 10 (Yonhap) -- Kiwoom Securities Co. on Tuesday reported its first-quarter net income of 141.1 billion won (US$110.5 million), down 47.1 percent from a year earlier.Operating income for the January-March period was 213.2 billion won, down
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  Mixed reactions to Yoon's new presidential office building

  By Kim Han-jooSEOUL, May 10 (Yonhap) -- Residents in the neighborhood around the new presidential office showed mixed reactions on the first day of the relocation Tuesday, with some, especially shop owners, expressing hope it would lead to increased
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  (LEAD) Geely invests in Renault's Korean unit for new car development

  (ATTN: UPDATES with details throughout) SEOUL, May 10 (Yonhap) -- Renault Korea Motors said Tuesday an affiliate of China's Geely Holding Group will invest in the company as part of their parent firms' agreement signed early this year to deve
• Samsung C&T solidifies partnership with NuScale Power for global SMR push

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  SEOUL, May 10 (Yonhap) -- Samsung C&T Corp., a South Korean construction firm, said Tuesday it has forged a comprehensive partnership with NuScale Power, a U.S. nuclear technology company, in a move to tap deeper into the small modular reactor (SMR)
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  (2nd LD) SK Telecom Q1 net income down 61.5 pct due to exclusion of SK hynix equity gains

  (ATTN: UPDATES with more details; CHANGES headline)SEOUL, May 10 (Yonhap) -- SK Telecom Co., South Korea's largest mobile carrier, said Tuesday its first-quarter net profit dropped 61.5 percent from a year earlier due mainly to the exclusion of e
• GS Holdings Q1 net profit up 28 pct to 748.2 bln won

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  SEOUL, May 10 (Yonhap) -- GS Holdings on Tuesday reported its first-quarter net income of 748.2 billion won (US$587 million), up 28 percent from a year earlier.Operating profit for the January-March period was 1.24 trillion won, up 75.9 percent from
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  Yoon administration to propose some 35 tln-won extra budget for pandemic-hit merchants

  SEOUL, May 10 (Yonhap) -- The government of President Yoon Suk-yeol plans to propose an extra budget, estimated at around 35 trillion won (US$27.5 billion), this week as it seeks to compensate pandemic-hit merchants for their losses.The finance minis
• Hyundai Department Store Q1 net income up 35.1 pct. to 75.4 bln won

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  SEOUL, May 10 (Yonhap) -- Hyundai Department Store Co. on Tuesday reported its first-quarter net income of 75.4 billion won (US$59.2 million), up 35.1 percent from a year earlier.The company said in a regulatory filing that it posted 88.9 billion won