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  (LEAD) Hyundai, Kia's April U.S. sales fall 17 pct amid chip shortages

  (UPDATES figures throughout with Genesis sales)SEOUL, May 4 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 17 percent last month from a year earlier due mainly to the prolonged
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  BOK expected to deliver 4 more rate hikes by year's end amid inflation woes: JP Morgan

  SEOUL, May 4 (Yonhap) -- South Korea's central bank is expected to hike its key interest rate four more times by year's end considering its hawkish stance shown in the minutes of its latest rate-setting meeting, global investment bank JP Morg
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  Hanjin eyeing 1 tln won in global biz sales by 2025

  SEOUL, May 4 (Yonhap) -- South Korean logistics company Hanjin Transportation Co. said Wednesday it will strengthen its global business to nearly triple the segment's revenue in the next three years.The company said in a statement it is targeting
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  Imported car sales fall 9.8 pct in April amid chip shortages

  SEOUL, May 4 (Yonhap) -- Sales of imported vehicles in South Korea fell 9.8 percent last month from a year earlier as chip shortages continued to affect vehicle production, an industry association said Wednesday.The number of newly registered foreign
• KCC Q1 net profit up 5.8 pct to 32.2 bln won

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  SEOUL, May 4 (Yonhap) -- KCC Corp. on Wednesday reported its first-quarter net income of 32.2 billion won (US$25.6 million), up 5.8 percent from a year earlier.The company said in a regulatory filing that it posted 149.4 billion won in operating prof
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  Samsung keeps No. 1 spot on S. Korea's top 500 firms' list

  SEOUL, May 4 (Yonhap) -- Global tech giant Samsung Electronics Co. retained the No. 1 spot on the list of South Korea's top 500 firms by sales, with 39 businesses newly making the list, a corporate tracker said Wednesday.Samsung Electronics, the
• Kakao Q1 net income up 450.6 pct to 1.32 tln won

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  SEOUL, May 4 (Yonhap) -- Kakao Corp. on Wednesday reported its first-quarter net profit of 1.32 trillion won (US$1 billion), up 450.6 percent from a year earlier.The company said in a regulatory filing that it posted 158.7 billion won in operating pr
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  Hyundai, Kia's April U.S. sales fall 18 pct amid chip shortages

  SEOUL, May 4 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 18 percent last month from a year earlier due mainly to the prolonged chip shortages.Hyundai and Kia sold a total of
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  Samsung to supply 5G network equipment to DISH Network

  SEOUL, May 3 (Yonhap) -- Samsung Electronics Co., a South Korean tech giant, said Tuesday that it has reached a deal to supply 5G network and other telecommunications equipment to DISH Network Corp., a U.S. mobile phone operator.Samsung did not revea
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  (LEAD) PM nominee says Japan will benefit most if S. Korea does not join CPTPP

  (ATTN: ADDS more info in paras 6-9)SEOUL, May 3 (Yonhap) -- Prime Minister nominee Han Duck-soo said Tuesday that Japan will benefit the most if South Korea does not join a mega free trade agreement involving 11 Asia-Pacific nations. Han made the rem
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  BOK board members call for further rate hikes amid rising inflation pressure: minutes

  SEOUL, May 3 (Yonhap) -- Members of the central bank's rate-setting board called for further rate hikes after deciding to raise borrowing costs in April, saying the current interest rate level remains still "accommodative" amid worrie
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  S. Korea, Britain in talks over nuclear power plant construction project

  SEOUL, May 3 (Yonhap) -- South Korea's state utility Korea Electric Power Corp. (KEPCO) said Tuesday it has been in talks with Britain over Britain's plan to build nuclear power stations.Director-level officials of KEPCO visited Britain earli
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  Renault Korea's April sales soar on strong exports

  SEOUL, May 3 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Tuesday its vehicle sales more than doubled last month from a year earlier on increased exports.Renault Korea sold 20,318 vehicles in April, jumping from 9,344
• Doosan Q1 net profit down 96.3 pct to 14.8 bln won

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  SEOUL, May 3 (Yonhap) -- Doosan Co. on Tuesday reported its first-quarter net income of 14.8 billion won (US$11.7 million), down 96.3 percent from a year earlier.Operating profit for the January-March period was 187.8 billion won, down 29.7 percent f
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  Financial regulator urges banks to beef up risk management amid high uncertainty

  SEOUL, May 3 (Yonhap) -- South Korea's financial regulator on Tuesday urged local banks to step up efforts on effective risk management, as uncertainty has arisen at home and abroad due to major economies' monetary tightening and mounting inf
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  SsangYong's April sales jump 87 pct on exports

  SEOUL, May 3 (Yonhap) -- SsangYong Motor Co. said Tuesday its sales jumped 87 percent last month from a year earlier, helped by increased exports of its SUV models. SsangYong Motor sold 8,140 vehicles in April despite chip shortages, up from 4,351 un
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  GM Korea's April sales fall 7.8 pct amid chip shortages

  SEOUL, May 3 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Tuesday its sales fell 7.8 percent last month from a year earlier amid global chip shortages. GM Korea sold 19,785 vehicles in April, down from 21,455 units a ye
• Dongwon Systems Q1 net profit up 3.9 pct to 14 bln won

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  SEOUL, May 3 (Yonhap) -- Dongwon Systems Corp. on Tuesday reported its first-quarter net income of 14 billion won (US$11 million), up 3.9 percent from a year earlier.Operating income for the January-March period was 19 billion won, up 13.5 percent fr
• Kolon Industries Q1 net income up 69.7 pct to 88.2 bln won

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  SEOUL, May 3 (Yonhap) -- Kolon Industries Inc. on Tuesday reported its first-quarter net profit of 88.2 billion won (US$69.6 million), up 69.7 percent from a year earlier.The company said in a regulatory filing that it posted 63.9 billion won in oper
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  PM nominee says Japan will benefit most if S. Korea does not join CPTPP

  SEOUL, May 3 (Yonhap) -- Prime Minister nominee Han Duck-soo said Tuesday that Japan will benefit the most if South Korea does not join a mega free trade agreement involving 11 Asia-Pacific nations. Han made the remark during his confirmation hearing