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KOGAS to import U.S. liquefied natural gas from BP

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SEOUL, April 22 (Yonhap) -- South Korea's state-run gas importer said Friday it has signed a contract to import 1.58 million tons of U.S.-produced liquefied natural gas (LNG) from the British oil company BP Plc annually.Under the contract, KOGAS
Woori Financial Group Q1 net income up 27.6 pct to 917.5 bln won

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SEOUL, April 22 (Yonhap) -- Woori Financial Group Inc. on Friday reported its first-quarter net profit of 917.5 billion won (US$739.6 million), up 27.6 percent from a year earlier.The company said in a regulatory filing that it posted 1.22 trillion w
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SD Biosensor to buy Italian firm for 61.9 bln won

SEOUL, April 22 (Yonhap) -- SD Biosensor Inc., a South Korean developer of COVID-19 test kits, said Friday it has signed a deal to buy an Italian medical device distributor for 61.9 billion won (US$49.8 million) in an effort to tap deeper into the Eu
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Hyundai E&C Q1 net dips 5.8 pct

SEOUL, April 22 (Yonhap) -- Hyundai Engineering & Construction Co., a major South Korean builder, said Friday that its first-quarter net profit fell 5.8 percent from a year earlier on a higher base effect.Net profit reached 183 billion won (US$148 mi
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(LEAD) Shinhan Financial reports record quarterly earnings in Q1

(ATTN: RECASTS throughout with details; CHANGES headline)SEOUL, April 22 (Yonhap) -- Shinhan Financial Group Co., a major South Korean financial holding firm, on Friday reported record quarterly earnings in the first quarter as interest income rose f
Hyundai Wia Q1 net income down 41 pct to 13.3 bln won

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SEOUL, April 22 (Yonhap) -- Hyundai Wia on Friday reported its first-quarter net profit of 13.3 billion won (US$10.7 million), down 41 percent from a year earlier.The company said in a regulatory filing that operating income for the January-March per
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(LEAD) Yoon asks biz sector to make efforts to host World Expo 2030 in Busan

(ATTN: UPDATES story throughout with Yoon's remarks, other details in paras 3-7; CHANGES photos)BUSAN/SEOUL, April 22 (Yonhap) -- President-elect Yoon Suk-yeol on Friday asked South Korean business leaders to work together to ensure the country&#
Shinhan Financial Group Q1 net income up 16.6 pct. to 1.42 tln won

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SEOUL, April 22 (Yonhap) -- Shinhan Financial Group Co. on Friday reported its first-quarter net income of 1.42 trillion won (US$1.1 billion), up 16.6 percent from a year earlier.Operating income for the January-March period was 1.9 trillion won, up
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Won-based export settlements slid for 4th year in 2021

SEOUL, April 22 (Yonhap) -- The portion of South Korean exports settled using the country's currency declined for the fourth straight year in 2021 due to sluggish shipments of chemicals and auto parts, central bank data showed Friday.The use of t
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POSCO breaks ground for another electrical steel plant

SEOUL, April 22 (Yonhap) -- POSCO, South Korea's top steelmaker, on Friday broke ground for a new steel plant amid rising demand from automakers and home appliance makers.POSCO will spend 1 trillion won (US$805 million) in building the plant in t
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Stock settlements nose-dive 32 pct in Q1 amid slumping market

SEOUL, April 22 (Yonhap) -- The value of stock settlements in South Korea plunged nearly 32 percent in the first quarter of the year as the stock market remained in the doldrums, a local clearing house said Friday.The Korea Securities Depository (KSD
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(LEAD) Finance minister vows policy efforts to improve fiscal health

(ATTN: UPDATES with more details in paras 6-7)SEOUL, April 22 (Yonhap) -- South Korea's top economic policymaker has said the government will continue to make policy efforts to strengthen fiscal soundness as the country's national debt has gr
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(LEAD) Hyundai Mobis Q1 net falls 14 pct amid chip shortage

(ATTN: RECASTS throughout with details; ADDS photo)SEOUL, April 22 (Yonhap) -- Hyundai Mobis Co., South Korea's biggest auto parts maker, said Friday its first-quarter net profit fell 14 percent from a year earlier due to a chip shortage and high
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Yoon asks biz sector to make efforts to host World Expo 2030 in Busan

BUSAN/SEOUL, April 22 (Yonhap) -- President-elect Yoon Suk-yeol on Friday asked South Korean business leaders to work together to ensure the country's port city of Busan can win the bid to host the 2030 World Expo.Yoon made the call in a meeting
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Hyundai Motor Group wins 17 iF design awards this year

SEOUL, April 22 (Yonhap) -- Hyundai Motor Group said Friday it has received 17 awards at this year's International Forum (iF) Design Award competition, proving the "excellence" of the South Korean carmaker's models. Hyundai Motor
Hyundai Mobis Q1 net income down 13.7 pct to 521 bln won

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SEOUL, April 22 (Yonhap) -- Hyundai Mobis Co. on Friday reported its first-quarter net income of 521 billion won (US$419.3 million), down 13.7 percent from a year earlier.The company said in a regulatory filing that operating income for the January-M
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Finance minister vows policy efforts to improve fiscal health

SEOUL, April 22 (Yonhap) -- South Korea's top economic policymaker has said the government will continue to make policy efforts to strengthen fiscal soundness as the country's national debt has grown at a fast pace during the COVID-19 pandemi
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Growth of land prices slows in Q1 amid tumbling trading

SEOUL, April 22 (Yonhap) -- Land prices in South Korea rose at a slower clip in the first quarter of 2022 from three months earlier as transactions tanked, data showed Friday.Land prices in Asia's fourth-largest economy inched up 0.91 percent on-
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Sales of derivatives-tied securities drop in 2021

SEOUL, April 22 (Yonhap) -- Sales of derivatives-linked securities in South Korea decreased in 2021 largely as investors shunned the risky investment tools amid the tightened regulations, data showed Friday.The combined value of equity-linked securit
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Fire detected at Kaesong industrial complex in N. Korea

SEOUL, April 21 (Yonhap) -- A fire was detected at the now suspended Kaesong industrial complex, an inter-Korean factory park inside North Korea, on Thursday afternoon and was put out an hour later, the unification ministry said. South Korea detected