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Ssangyongc& E. swings to loss in Q1

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SEOUL, May 10 (Yonhap) -- Ssangyongc& E. Co. on Tuesday reported its first-quarter net loss of 15.5 billion won (US$12.1 million), swinging from a profit of 19.7 billion won a year earlier.Operating income for the January-March period was 446 million
Today in Korean history

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May 111937 -- The Japanese colonial regime orders 100,000 Koreans to move to Manchuria in northeastern China in an attempt to make it easier for Japan to invade China and to weaken Korea's independence movement. The descendants of those Koreans,
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S. Korean shipbuilders' order backlog hits 6-year high in April

SEOUL, May 10 (Yonhap) -- South Korean shipbuilders' order backlog touched a six-year high in April on the back of brisk orders from global shipping companies, industry data showed Tuesday.Local shipyards had 32.68 million compensated gross tons
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Q1 manufacturers' domestic supply grows for 5th straight quarter on recovery

SEOUL, May 10 (Yonhap) -- South Korean manufacturers' domestic supply increased for the fifth straight quarter in the January-March period amid the economic recovery, data showed Tuesday.The manufacturing domestic supply index stood at 107.4 in t
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(LEAD) SK Telecom Q1 net income down 61.5 pct following chip biz spinoff

(ATTN: RECASTS with more details; CHANGES headline; ADDS photo)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 sp
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SK E&S to chip in US$110 mln in U.S. carbon capture project

SEOUL, May 10 (Yonhap) -- SK E&S Co., an energy unit of South Korean conglomerate SK Group, said Tuesday it is investing US$110 million in a U.S. carbon capture and storage (CCS) project as it ramps up its push for its renewable energy business.The p
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S. Korea's bond issuance drops in April on U.S. tapering

SEOUL, May 10 (Yonhap) -- Bond issuance in South Korea decreased in April from the previous month due to concerns about the U.S.-led tapering, industry data showed Tuesday.The value of bonds sold in Asia's fourth-largest economy came to 69.8 tril
SK Telecom Q1 net income down 61.5 pct to 220.3 bln won

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SEOUL, May 10 (Yonhap) -- SK Telecom Co. on Tuesday reported its first-quarter net profit of 220.3 billion won (US$172.5 million), down 61.5 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-Mar
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S. Korean shipbuilders suffer manpower shortage amid brisk orders

SEOUL, May 10 (Yonhap) -- South Korean shipyards are suffering from a labor shortage due mainly to massive layoffs years earlier, stoking concerns over output disruptions amid bumper orders, industry sources Tuesday.The local shipbuilding industry ha
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(LEAD) NHN shifts to loss in Q1 on financial asset losses

(ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, May 10 (Yonhap) -- NHN Corp., a leading South Korean information technology company, said Tuesday it swung to a net loss in the first quarter from a year earlier on losses of its f
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(LEAD) Current account surplus shrinks in March amid high energy costs

(ATTN: ADDS BOK's outlooks, additional info throughout)SEOUL, May 10 (Yonhap) -- South Korea continued to post a current account surplus for nearly two years in a row in March, but the surplus contracted as soaring oil prices drove up import cost
SKC Q1 net income up 47.4 pct. to 90.2 bln won

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SEOUL, May 10 (Yonhap) -- SKC Ltd. on Tuesday reported its first-quarter net income of 90.2 billion won (US$70.6 million), up 47.4 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-March period
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Geely invests in Renault's Korean unit for new car development

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 develop an environment friendly vehicle. Gee
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Nearly half of S. Korea's public firms lose money in 2021

SEOUL, May 10 (Yonhap) -- Nearly half of public institutions in South Korea lost money in 2021 amid the coronavirus pandemic with the state-run power monopoly logging the biggest loss on soaring oil prices, data showed Tuesday.A total of 170 public c
NHN shifts to red in Q1

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SEOUL, May 10 (Yonhap) -- NHN Corp. on Tuesday reported its first-quarter net loss of 4.5 billion won (US$3.5 million), shifting from a profit of 23.8 billion won a year earlier.The company said in a regulatory filing that operating income for the Ja
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Current account surplus shrinks in March amid high energy costs

SEOUL, May 10 (Yonhap) -- South Korea continued to post a current account surplus for nearly two years in a row in March, but the surplus contracted as soaring oil prices drove up import costs, central bank data showed Tuesday.The current account sur
(URGENT) S. Korea posts current account surplus of US$6.73 bln in March: BOK

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KG Dongbusteel Q1 net profit up 144.4 pct to 68.2 bln won

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SEOUL, May 10 (Yonhap) -- KG Dongbusteel Co. on Tuesday reported its first-quarter net profit of 68.2 billion won (US$53.5 million), up 144.4 percent from a year earlier.Operating profit for the January-March period was 95.9 billion won, up 97.7 perc
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Hyundai to build dedicated EV plant in U.S.

SEOUL, May 9 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Monday it has an "imminent" plan to build a new electric vehicle plant in the United States.Hyundai Motor has a plant in Atlanta, and its affiliate Kia C
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(3rd LD) Lotte Shopping shifts to profit in Q1 on pent-up demand

(ATTN: CHANGES photo)SEOUL, May 9 (Yonhap) -- Lotte Shopping Co., an affiliate of retail giant Lotte Group, said Monday it shifted to the black in the first quarter from a year earlier on equity gains and improving consumption amid eased virus curbs.