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  Kakao Pay to get listed on Wednesday

  SEOUL, Nov. 1 (Yonhap) -- Kakao Pay, the mobile payment service arm of Kakao Corp., South Korea's top messenger app, will make its market debut on Wednesday, the country's bourse operator said Monday.Kakao Pay has set the IPO price at 90,000
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  (2nd LD) Hankook Tire Q3 net jumps 33 pct on FX gains

  (ATTN: ADDS photo and details in paras 3-4, background in last para)SEOUL, Nov. 1 (Yonhap) -- Hankook Tire & Technology Co., the world's sixth-largest tiremaker by sales, said Monday its third-quarter net profit jumped 33 percent from a year earl
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  POSCO International signs gas exploration deal with Malaysian firm

  SEOUL, Nov. 1 (Yonhap) -- POSCO International Corp., the trading unit of South Korean steel giant POSCO, said Monday it signed an agreement with Malaysia's state-owned oil and gas company to explore and operate a gas field in the Southeast Asian
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  Carmakers' sales in Oct. fall 22 pct amid chip shortages

  SEOUL, Nov. 1 (Yonhap) -- South Korean carmakers' sales fell 22 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production and sales, industry data showed Monday.T
• (LEAD) Hankook Tire Q3 net jumps 33 pct on FX gains

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  (ATTN: RECASTS throughout with details)SEOUL, Nov. 1 (Yonhap) -- Hankook Tire & Technology Co., the world's sixth-largest tiremaker by sales, said Monday its third-quarter net profit jumped 33 percent from a year earlier on foreign-exchange gains
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  Kia's Oct. sales fall 19 pct on chip shortage

  SEOUL, Nov. 1 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Monday its sales fell 19 percent last month from a year earlier as extended global chip shortages weighed on its production. Kia sold a total of 217,872 vehicles in
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  S. Korea seeks to revise steel tariff agreement with U.S. following U.S.-EU deal

  SEOUL, Nov. 1 (Yonhap) -- South Korea will push for swift consultations with the United States on steel tariffs amid concerns over negative impacts of a recent transatlantic trade deal on its exports of steel products, officials said Monday.Last week
• GM Korea's Oct. sales plunge 78 pct on chip shortages

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  SEOUL, Nov. 1 (Yonhap) -- GM Korea Co. said Monday its sales tumbled 78 percent last month from a year earlier as continued chip shortages further disrupted its production. The South Korean unit of General Motors Co. sold 6,875 vehicles in October, d
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  Hyundai's Oct. sales fall 21 pct amid chip shortage

  SEOUL, Nov. 1 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Monday its sales fell 21 percent last month from a year earlier due mainly to global chip shortages.Hyundai Motor sold 307,039 vehicles in October, down from 387,19
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  Renault Samsung's Oct. sales jump 54 pct on exports

  SEOUL, Nov. 1 (Yonhap) -- Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Monday its sales jumped 54 percent last month from a year earlier on strong exports. Renault Samsung sold 11,627 vehicles in October, up from 7,533 un
• Hankook Tire & Technology Q3 net income up 32.9 pct. to 189 bln won

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  SEOUL, Nov. 1 (Yonhap) -- Hankook Tire & Technology Co. on Monday reported its third-quarter net profit of 189 billion won (US$160.6 million), up 32.9 percent from a year earlier.Operating profit for the July-September period was 180.8 billion won, d
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  SsangYong's Oct. sales plunge 53 pct on lower demand

  SEOUL, Nov. 1 (Yonhap) -- SsangYong Motor Co. said Monday its sales plunged 53 percent last month from a year earlier on weaker demand for its models and a prolonged chip shortage. SsangYong Motor sold 4,749 vehicles in October, down from 10,197 unit
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  Korea Aerospace named preferred bidder in 877 bln won reconnaissance plane bid

  SEOUL, Nov. 1 (Yonhap) -- Korea Aerospace Industries Co. (KAI), South Korea's sole aircraft manufacturer, said Monday it has been selected as the preferred bidder in the government's 877.5 billion won (US$747 million) reconnaissance plane bid
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  Samsung Heavy raises 1.28 trillion won via new share sale

  By Nam Kwang-sik SEOUL, Nov. 1 (Yonhap) -- Samsung Heavy Industries Co. said Monday that it has raised 1.28 trillion won (US$1.1 billion) through the sale of its new shares. The shipbuilder's 250 million new shares were oversubscribed by existing
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  Vehicle registration gains 1.7 pct this year

  SEOUL, Nov. 1 (Yonhap) -- The number of registered vehicles in South Korea grew nearly 2 percent this year to near 25 million, with that of eco-friendly cars topping 1 million units, government data showed Monday.Car registrations came to 24.78 milli
• Financial regulators launch task force to monitor household debt

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  SEOUL, Nov. 1 (Yonhap) -- South Korea's financial regulators said Monday that they have launched a task force to closely monitor the implementation of recent measures to curb household debt.The task force held its inaugural meeting early in the d
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  LG Vice Chairman Kwon appointed new CEO of LG Energy Solution

  By Kim Seung-yeon SEOUL, Nov. 1 (Yonhap) -- Kwon Young-soo, previously the vice chairman of LG Corp., was appointed Monday as the new CEO of LG Energy Solution Ltd. after getting the nod from its shareholders, the company said.Last week, LG Energy
• Green Cross Q3 net income down 8.4 pct. to 58.1 bln won

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  SEOUL, Nov. 1 (Yonhap) -- Green Cross Corp. on Monday reported its third-quarter net income of 58.1 billion won (US$49.4 million), down 8.4 percent from a year earlier.The company said in a regulatory filing that operating profit for the July-Septemb
• Kakao Games to raise 209.1 bln won via stock sale

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  SEOUL, Nov. 1 (Yonhap) -- Kakao Games Corp.on Monday announced that it will sell stocks to raise 209.1 billion won(US$177.8 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory f
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  SKC expands battery materials biz with investment in British manufacturer

  By Kim Seung-yeon SEOUL, Nov. 1 (Yonhap) -- SKC Co., a chemical unit of South Korea's No. 3 conglomerate SK Group, said Monday it will invest US$33 million in a British battery materials maker with two private equity funds and other investors in