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• L&K Biomed to raise 36.6 bln won via stock offering

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  SEOUL, May 12 (Yonhap) -- L&K Biomed Co. on Friday announced that it will sell stock to raise 36.6 billion won(US$27.4 million). The proceeds from the stock sale will be used mainly to pay off its debts.According to a regulatory filing, the company w
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  Steelmakers, shipyards feud over price hike of steel plates

  SEOUL, May 12 (Yonhap) -- South Korean steelmakers are at odds with local shipyards over the price hike of thick steel plates used for shipbuilding, industry sources said Friday.Industry leader POSCO and other steelmakers are pushing for hike prices
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  (LEAD) KEPCO Q1 net losses narrow on electricity rate hikes

  (ATTN: ADDS more details throughout, photo)SEOUL, May 12 (Yonhap) -- The state-run Korea Electric Power Corp. (KEPCO) said Friday its net losses narrowed in the first quarter from a year earlier on the back of the government's electricity rate hi
• Meritz Financial Group Q1 net profit down 3.5 pct to 611.8 bln won

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  SEOUL, May 12 (Yonhap) -- Meritz Financial Group Inc. on Friday reported its first-quarter net profit of 611.8 billion won (US$458.5 million), down 3.5 percent from a year earlier.The company said in a regulatory filing that operating income for the
• Coway Q1 net income down 7.2 pct to 125.2 bln won

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  SEOUL, May 12 (Yonhap) -- Coway Co. on Friday reported its first-quarter net income of 125.2 billion won (US$93.8 million), down 7.2 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-March perio
• Cosmax Q1 net profit down 93 pct to 712 mln won

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  SEOUL, May 12 (Yonhap) -- Cosmax Inc. on Friday reported its first-quarter net income of 712 million won (US$533,533), down 93 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-March period rose
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  DP orders inspection on lawmaker over cryptocurrency trading during parliamentary meetings

  By Kim Han-jooSEOUL, May 12 (Yonhap) -- Opposition leader Lee Jae-myung on Friday ordered an ethics inspection of fellow lawmaker Kim Nam-kuk over his suspected cryptocurrency transaction during parliamentary meetings, according to the party's sp
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  (3rd LD) KEPCO chief offers to resign over mounting losses

  (ATTN: ADDS KEPCO chief's comments, Q1 results, more details throughout; CHANGES photo)SEOUL, May 12 (Yonhap) -- The chief of South Korea's state-run utility Korea Electric Power Corp. (KEPCO) offered to step down Friday, taking responsibilit
• KEPCO Plant Service & Engineering Q1 net income up 120.7 pct to 46 bln won

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  SEOUL, May 12 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Friday reported its first-quarter net income of 46 billion won (US$34.5 million), up 120.7 percent from a year earlier.The company said in a regulatory filing that it posted 54.9 bill
• Korea Electric Power remains in red in Q1

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  SEOUL, May 12 (Yonhap) -- Korea Electric Power Corp. on Friday reported its first-quarter net loss of 4.91 trillion won (US$3.7 billion), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to post
• Hanwha Q1 net income up 69.4 pct to 1.15 tln won

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  SEOUL, May 12 (Yonhap) -- Hanwha Corp. on Friday reported its first-quarter net profit of 1.15 trillion won (US$866.8 million), up 69.4 percent from a year earlier.Operating profit for the January-March period was 1.37 trillion won, up 30.6 percent f
• Hanwha Life Insurance Q1 net income down 13.9 pct to 463.5 bln won

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  SEOUL, May 12 (Yonhap) -- Hanwha Life Insurance Co. on Friday reported its first-quarter net profit of 463.5 billion won (US$347.4 million), down 13.9 percent from a year earlier.Operating income for the January-March period was 761.9 billion won, do
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  (2nd LD) KEPCO chief offers to resign over mounting losses

  (ATTN: RECASTS with KEPCO chief's resignation offer; CHANGES headline)SEOUL, May 12 (Yonhap) -- The chief of South Korea's state-run utility Korea Electric Power Corp. (KEPCO) offered to step down Friday, taking responsibility for snowballing
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  Money supply down in March amid tightening policy: BOK

  SEOUL, May 12 (Yonhap) -- South Korea's money supply decreased in March largely due to aggressive monetary tightening, central bank data showed Friday.The country's M2, a key gauge of the money supply, stood at 3,810.4 trillion won (US$2.86 t
• Hankook & Company Q1 net profit down 22.1 pct to 32.7 bln won

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  SEOUL, May 12 (Yonhap) -- Hankook & Company Co. on Friday reported its first-quarter net income of 32.7 billion won (US$24.5 million), down 22.1 percent from a year earlier.The company said in a regulatory filing that it posted 32.9 billion won in op
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  S. Korea confirms additional foot-and-mouth disease case

  SEOUL, May 12 (Yonhap) -- South Korea has confirmed an additional foot-and-mouth disease (FMD) case at a local farm, bringing this year's total cases to four, the agriculture ministry said Friday.The latest case was found at a beef cattle farm in
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  (LEAD) Hankook Tire Q1 net falls 15 pct on one-off costs

  (ATTN: RECASTS throughout; ADDS photo)SEOUL, May 12 (Yonhap) -- Hankook Tire & Technology Co., the world's seventh-largest tiremaker by sales, said Friday its first-quarter net profit fell 15 percent on one-off costs involving a fire in its domes
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  (URGENT) KEPCO chief offers to resign amid mounting losses

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  (LEAD) KEPCO to sell key real estate in Seoul, freeze wages over mounting losses

  (ATTN: ADDS more details in last 8 paras)SEOUL, May 12 (Yonhap) -- South Korea's state-run utility Korea Electric Power Corp. (KEPCO) said Friday it will sell a major building in Seoul and freeze wages of ranking employees as part of its efforts
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  KEPCO to sell key real estate in Seoul, freeze wages over mounting losses

  SEOUL, May 12 (Yonhap) -- South Korea's state-run utility Korea Electric Power Corp. (KEPCO) said Friday it will sell a major building in Seoul and freeze wages of ranking employees as part of its efforts to improve its financial soundness and ac