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Lam Research opens technology center in S. Korea

SEOUL, April 26 (Yonhap) -- U.S. semiconductor equipment maker Lam Research Corp. opened a technology center in South Korea on Tuesday, which the company hopes will serve as a key hub of its global research and development (R&D) network.Lam Research
S. Korea's economy grows at slower clip in Q1 amid omicron woes, Ukraine war

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SEOUL, April 26 (Yonhap) -- South Korea's economy grew at a slower pace during the first quarter as consumption and corporate investment remained sluggish amid the fast spread of the omicron variant of COVID-19 and heightened uncertainty over the
(URGENT) S. Korea's economy grows estimated 0.7 pct on-quarter in Q1

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Corporate direct financing falls 11 pct in March

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SEOUL, April 26 (Yonhap) -- Corporate direct financing in South Korea plunged 10.6 percent in March from the previous month, data showed Tuesday.Local companies raised a combined 13.9 trillion won (US$11.1 billion) by selling stocks and bonds last mo
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Finance minister nominee dismisses stagflation concerns, sees high inflation

SEOUL, April 25 (Yonhap) -- South Korea's finance minister nominee on Monday dismissed concerns that the country's economy is falling into stagflation, a mix of high prices and slumping growth, but said he expected high inflationary pressure
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(2nd LD) Kia Q1 net falls 0.2 pct amid chip shortage

(ATTN: UPDATES with details in paras 3, 7-11; ADDS 2nd photo) SEOUL, April 25 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Monday its first-quarter net profit fell 0.2 percent from a year earlier due to one-off costs amid gl
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(LEAD) Asiana Airlines to reopen route to India, offer more to Japan, others

(ATTN: UPDATES with details in 7th para)SEOUL, April 25 (Yonhap) -- Asiana Airlines Inc., South Korea's second-biggest carrier, said Monday it will reopen the route to India this week as eased virus restrictions unleash pent-up demand. Asiana wil
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(LEAD) BOK chief concerned more about inflation than growth but undetermined on monetary policy direction in May

(ATTN: ADDS more remarks and background in last 3 paras)SEOUL, April 25 (Yonhap) -- The new chief of South Korea's central bank said Monday he is more concerned about inflation than momentum for economic growth "up until today" but mo
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(LEAD) Kia Q1 net falls 0.2 pct amid chip shortage

(ATTN: RECASTS throughout; CHANGES headline; ADDS photo) SEOUL, April 25 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Monday its first-quarter net profit fell 0.2 percent from a year earlier amid global chip shortages. Net p
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BOK chief concerned more about inflation than growth but undetermined on monetary policy direction in May

SEOUL, April 25 (Yonhap) -- The new chief of South Korea's central bank said Monday he is more concerned about inflation than momentum for economic growth "up until today" but more data is needed to determine whether to push for a fur
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(LEAD) IBK Q1 net gains 11.4 pct on increased lending

(ATTN: RECASTS throughout with more info; ADDS photo; CHANGES headline) SEOUL, April 25 (Yonhap) -- The state-run Industrial Bank of Korea (IBK) said Monday its earnings increased more than 11 percent in the first quarter of 2022 from a year earlier
Kia Q1 net falls 0.2 pct to 1.03 tln won

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SEOUL, April 25 (Yonhap) -- Kia Corp. on Monday reported its first-quarter net profit of 1.03 trillion won (US$826.1 million), down 0.2 percent from a year earlier.The company said in a regulatory filing that it posted 1.6 trillion won in operating p
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(3rd LD) Hyundai Motor Q1 net rises 17 pct despite chip shortage

(ATTN: UPDATES stock prices in last para; ADDS details in paras 12-13)SEOUL, April 25 (Yonhap) -- Hyundai Motor Co. said Monday its first-quarter net profit rose 17 percent from a year earlier as an improved product mix and a weak won helped offset t
IBK Q1 net income up 11.4 pct to 659.7 bln won

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SEOUL, April 25 (Yonhap) -- Industrial Bank of Korea on Monday reported its first-quarter net profit of 659.7 billion won (US$527.8 million), up 11.4 percent from a year earlier.The company said in a regulatory filing that operating income for the Ja
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(2nd LD) Hyundai Motor Q1 net rises 17 pct despite chip shortage

(ATTN: UPDATES with details in paras 4-6, 10-11, 14; CHANGES headline and lead; ADDS 2nd photo)SEOUL, April 25 (Yonhap) -- Hyundai Motor Co. said Monday its first-quarter net profit rose 17 percent from a year earlier as an improved product mix and a
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Owners who starve their pets to death could face jail time

SEOUL, April 25 (Yonhap) -- Pet owners could face jail time starting next year if they starve their animals to death, the agricultural ministry said Monday, as the government seeks to prevent animal abuse and better protect them in line with the grow
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(LEAD) Yoon vows full support to COVID-19 vaccine developers

(ATTN: CHANGES headline, lead, photo; UPDATES throughout)SEOUL, April 25 (Yonhap) -- President-elect Yoon Suk-yeol on Monday vowed full support for homegrown vaccine developers, saying vaccines are tied closely to the country's economy and securi
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(2nd LD) POSCO Holdings Q1 net up 68 pct on strong demand

(ATTN: ADDS more details in last para, photo)SEOUL, April 25 (Yonhap) -- POSCO Holdings Inc., the holding company of South Korea's top steelmaker, said Monday that its first-quarter net profit soared 68 percent from a year earlier on the back of
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(LEAD) Hyundai Motor Q1 net rises 17 pct on improved product mix, weak won

(ATTN: RECASTS throughout; ADDS photo) SEOUL, April 25 (Yonhap) -- Hyundai Motor Co. said Monday its first-quarter net profit rose 17 percent from a year earlier, helped by an improved product mix and the weak South Korean won. Net profit for the thr
(LEAD) POSCO Holdings Q1 net up 68 pct on strong demand

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SEOUL, April 25 (Yonhap) -- POSCO Holdings Inc., the holding company of South Korea's top steelmaker, said Monday that its first-quarter net profit soared 68 percent from a year earlier on the back of strong performance of its non-steelmaking aff