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  (LEAD) SK Innovation Q1 profit drops 77 pct; paints rosy picture for battery biz

  (ATTN: UPDATES with more details from earnings call; ADDS photos)By Kim Seung-yeon SEOUL, May 4 (Yonhap) -- SK Innovation Co. reported Thursday a 77.3 percent on-year drop in the first-quarter operating profit due mainly to falling oil prices, while
• KCC shifts to loss in Q1

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  SEOUL, May 4 (Yonhap) -- KCC Corp. on Thursday reported its first-quarter net loss of 15.5 billion won (US$11.7 million), turning from a profit of 32.2 billion won a year earlier.The company said in a regulatory filing that it posted 75.8 billion won
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  S. Korea woos GM's investment in electric vehicle facilities

  SEOUL, May 4 (Yonhap) -- South Korea's vice industry chief asked General Motors Co. on Thursday to make an investment in production facilities for electric vehicles (EVs) in the country, as the Seoul government has extended support for nurturing
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  U.S. FDA OKs PHA produced by CJ Cheiljedang as food contact substance

  SEOUL, May 4 (Yonhap) -- CJ Cheiljedang Corp., a major South Korean food manufacturer, said Thursday its biocompatible polyester material has received approval from the U.S. Food and Drug Administration (FDA) for use as food packaging material.CJ Che
• Higher interest rates weighing on S. Korea's domestic demand: IMF

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  By Kang Yoon-seungINCHEON, May 4 (Yonhap) -- South Korea's high borrowing costs are holding back the country's domestic demand, the director of the Asia-Pacific at the International Monetary Fund (IMF) said Thursday, although its exports are
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  (2nd LD) S. Korea to raise guard against market instability after Fed rate hike

  (ATTN: ADDS more details in para 4, photo)SEOUL, May 4 (Yonhap) -- South Korea's financial authorities said Thursday that they will remain vigilant against potential market instability after the U.S. Federal Reserve raised its policy rate again a
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  Imported car sales fall 9.4 pct in April amid high rates

  SEOUL, May 4 (Yonhap) -- Sales of imported vehicles in South Korea fell 9.4 percent last month from a year earlier due to lack of supplies in some brands and high interest rates, an industry association said Thursday.The number of newly registered im
• (LEAD) S. Korea to raise guard against market instability after Fed rate hike

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  (ATTN: ADDS more details from para 8)SEOUL, May 4 (Yonhap) -- South Korea's financial authorities said Thursday that they will remain vigilant against potential market instability after the U.S. Federal Reserve raised its policy rate again and op
• SKC turns to loss in Q1

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  SEOUL, May 4 (Yonhap) -- SKC Ltd. on Thursday reported its first-quarter net loss of 92.1 billion won (US$69.3 million), shifting from a profit of 90.2 billion won a year earlier.The company said in a regulatory filing that it posted an operating los
• SK Innovation swings to red in Q1

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  SEOUL, May 4 (Yonhap) -- SK Innovation Co. on Thursday reported its first-quarter net loss of 52 billion won (US$38.9 million), swinging from a profit of 863.3 billion won a year earlier.Operating income for the January-March period was 375 billion w
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  (LEAD) Kakao Q1 net profit down 93.4 pct due to base effect

  (ATTN: ADDS more details throughout)SEOUL, May 4 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger, said Thursday its first-quarter net income plunged 93.4 percent from a year earlier due to a base effect.The company'
• S. Korea to raise guard against market instability after Fed rate hike

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  SEOUL, May 4 (Yonhap) -- South Korea's financial authorities said Thursday that they will remain vigilant against potential market instability after the U.S. Federal Reserve raised its policy rate again and opened the door for an additional rate
• Kakao Q1 net profit down 93.4 pct to 87.1 bln won

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  SEOUL, May 4 (Yonhap) -- Kakao Corp. on Thursday reported its first-quarter net income of 87.1 billion won (US$65.1 million), down 93.4 percent from a year earlier.Operating profit for the January-March period was 71.1 billion won, down 55.2 percent
• Top headlines in major S. Korean newspapers

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  SEOUL, May 4 (Yonhap) -- The following are the top in major South Korean newspapers on May 4.Korean-language dailies-- 'I joined a labor union to survive but became a victims of politics' (Kyunghyang Shinmun)-- Kishida says he decided to vis
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  Japanese PM to meet with S. Korean biz leaders during visit to Seoul

  SEOUL, May 3 (Yonhap) -- Japanese Prime Minister Fumio Kishida will meet with South Korean business leaders to discuss ways to enhance economic exchanges between their countries during his upcoming visit to Seoul, sources said Wednesday.Kishida will
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  S. Korea, Indonesia to seek stronger economic ties, push for green growth

  By Kang Yoon-seungINCHEON, May 3 (Yonhap) -- South Korea and Indonesia agreed Wednesday to expand economic ties amid the realignment of the global supply chain and seek growth based on green technologies, the finance ministry said.The agreement came
• Dongwon Systems Q1 net income down 7.5 pct to 12.9 bln won

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  SEOUL, May 3 (Yonhap) -- Dongwon Systems Corp. on Wednesday reported its first-quarter net income of 12.9 billion won (US$9.7 million), down 7.5 percent from a year earlier.Operating income for the January-March period was 17.6 billion won, down 7 pe
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  (LEAD) Korean Air Q1 net falls 35 pct on higher operating costs

  (ATTN: UPDATES with details in last 2 paras)SEOUL, May 3 (Yonhap) -- Korean Air Co., South Korea's biggest carrier by sales, said Wednesday its first-quarter net profit fell 35 percent from a year earlier on higher operating costs. Net profit for
• Hanatour Service turns to profit in Q1

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  SEOUL, May 3 (Yonhap) -- Hanatour Service Inc. on Wednesday reported its first-quarter net income of 9.4 billion won (US$7.1 million), swinging from a loss of 29.2 billion won a year earlier.Operating profit for the January-March period was 5.6 billi
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  S. Korea pushing to launch world's 1st int'l bioeconomy agreement

  SEOUL, May 3 (Yonhap) -- South Korea will push to launch an international agreement meant to boost trade and economic cooperation in the bioindustry among partner nations, the industry ministry said Wednesday.Trade Minister Ahn Duk-geun announced the