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LG Q1 net profit down 65.5 pct to 464.6 bln won

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SEOUL, May 11 (Yonhap) -- LG Corp. on Thursday reported its first-quarter net profit of 464.6 billion won (US$351.3 million), down 65.5 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-March pe
S. Korea to open anti-dumping probe into white cement from Egypt

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SEOUL, May 11 (Yonhap) -- South Korea decided to launch an anti-dumping investigation into white portland cement imported from Egypt, Seoul's industry ministry said Thursday.The move by the Korea Trade Commission (KTC) came as domestic cement pro
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(LEAD) S. Korea, Zimbabwe agree to push for trade, investment agreement

(ATTN: CHANGES photo)SEOUL, May 11 (Yonhap) -- South Korea and Zimbabwe have agreed to push for talks on signing a trade and investment agreement to strengthen bilateral economic and industry ties, Seoul's industry ministry said Thursday.Trade Mi
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(2nd LD) S. Korea confirms first foot-and-mouth disease cases in 4 years

(ATTN: UPDATES with PM's order in 7-8 paras)SEOUL, May 11 (Yonhap) -- South Korea has confirmed foot-and-mouth disease (FMD) cases at local farms for the first time in more than four years, the agriculture ministry said Thursday.The FMD cases wer
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(LEAD) KT Q1 net profit down 32 pct due to base effect

(ATTN: ADDS more info throughout)SEOUL, May 11 (Yonhap) -- KT Corp., South Korea's No. 2 wireless carrier, said Thursday its first-quarter net profit declined 32 percent from a year earlier due to a base effect.KT's net income amounted to 309
Hanon Systems Q1 net profit up 103.1 pct to 45.2 bln won

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SEOUL, May 11 (Yonhap) -- Hanon Systems on Thursday reported its first-quarter net income of 45.2 billion won (US$34.2 million), up 103.1 percent from a year earlier.Operating income for the January-March period was 60.2 billion won, up 97.7 percent
E-Mart Q1 net profit down 99.7 pct to 2.7 bln won

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SEOUL, May 11 (Yonhap) -- E-Mart Inc. on Thursday reported its first-quarter net income of 2.7 billion won (US$2 million), down 99.7 percent from a year earlier.The company said in a regulatory filing that it posted 13.7 billion won in operating prof
Service output in all provinces, major cities up in Q1

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By Kang Yoon-seungSEOUL, May 11 (Yonhap) -- Service output rose on-year in all regions of South Korea in the first quarter of 2023, data showed Thursday, on the back of the financial and insurance industries.The country's service output went up 6
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Foreigners turn net buyers of local stocks in April

SEOUL, May 11 (Yonhap) -- Foreign investors turned net buyers of South Korean stocks in April on a rosy outlook for the chipmaking sector, central bank data showed Thursday.Offshore investors bought a net US$910 million worth of local stocks last mon
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Banks' household loans snap 3-month fall in April amid high borrowing costs

SEOUL, May 11 (Yonhap) -- Household loans extended by banks in South Korea rebounded in April on increased demand for home-backed loans amid high borrowing costs caused by the central bank's monetary tightening to rein in inflation, data showed T
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KDI cuts S. Korea's economic outlook to 1.5 pct for 2023

By Kang Yoon-seungSEOUL, May 11 (Yonhap) -- The Korea Development Institute (KDI) on Thursday slashed its growth outlook for the South Korean economy this year to 1.5 percent, citing slowing exports of chips.The latest estimate is down 0.3 percentage
KT Q1 net profit down 32 pct to 309.6 bln won

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SEOUL, May 11 (Yonhap) -- KT Corp. on Thursday reported its first-quarter net income of 309.6 billion won (US$234.2 million), down 32 percent from a year earlier.Operating profit for the January-March period was 486.1 billion won, down 22.4 percent f
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(LEAD) LG Uplus Q1 net income down 9 pct on compensation for network failures

(ATTN: ADDS more info throughout)SEOUL, May 11 (Yonhap) -- LG Uplus Corp., South Korea's No. 3 mobile carrier, said Thursday its first-quarter net profit declined 9 percent from a year earlier due to compensation for network failures earlier this
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Major casino businesses swing to profit in Q1 on increased travelers

SEOUL, May 11 (Yonhap) -- Three major South Korean casino operators have said they swung to profit in the first quarter from a year earlier due to a hike in tourism amid eased COVID-19 restrictions.Net profit of Kangwon Land Inc., the state-run casin
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S. Korea, Zimbabwe agree to push for trade, investment agreement

SEOUL, May 11 (Yonhap) -- South Korea and Zimbabwe have agreed to push for talks on signing a trade and investment agreement to strengthen bilateral economic and industry ties, Seoul's industry ministry said Thursday.Trade Minister Ahn Duk-geun m
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(LEAD) SK Biopharmaceuticals Q1 net loss narrows on robust sales

(ATTN: ADDS more info throughout)SEOUL, May 11 (Yonhap) -- SK Biopharmaceuticals Co., a biopharmaceutical affiliate of SK Group, said Thursday its first-quarter net loss narrowed from a year earlier thanks to robust sales of its flagship epilepsy med
LG Uplus Q1 net income down 9 pct to 155.1 bln won

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SEOUL, May 11 (Yonhap) -- LG Uplus Corp. on Thursday reported its first-quarter net profit of 155.1 billion won (US$117.7 million), down 9 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-March
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(LEAD) Netmarble remains in red in Q1

(ATTN: ADDS more info throughout)SEOUL, May 11 (Yonhap) -- Netmarble Corp., a major South Korean game developer and publisher, said Thursday it remained in the red in the first quarter from a year earlier due to sluggish sales.The company said in a r
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(LEAD) Exports down 10.1 pct during first 10 days of May

(ATTN: UPDATES with details throughout)By Kang Yoon-seungSEOUL, May 11 (Yonhap) -- South Korea's exports fell 10.1 percent on-year in the first 10 days of May, data showed Thursday, amid the prolonged downcycle of the global semiconductor industr
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Exports down 10.1 pct during first 10 days of May

SEOUL, May 11 (Yonhap) -- South Korea's exports fell 10.1 percent on-year in the first 10 days of May, data showed Thursday, amid the prolonged downcycle of the global semiconductor industry.The country's outbound shipments stood at US$14.5 b