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  Korean Air Q1 net falls 35 pct on higher operating costs

  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 the three months ended in March fell to 355
• Korea Zinc Inc Q1 net profit down 6.5 pct to 138.4 bln won

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  SEOUL, May 3 (Yonhap) -- Korea Zinc Inc on Wednesday reported its first-quarter net income of 138.4 billion won (US$103.4 million), down 6.5 percent from a year earlier.Operating profit for the January-March period was 145.8 billion won, down 48.8 pe
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  S. Korea's economy expected to grow 1.1 pct in 2023: S&P economist

  By Kim Na-youngSEOUL, May 3 (Yonhap) -- South Korea's economy is expected to grow 1.1 percent this year due to weaker global demand, higher interest rates and the waning effects of China's reopening, an economist at S&P Global Ratings said We
• DL Holdings turns to loss in Q1

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  SEOUL, May 3 (Yonhap) -- DL Holdings Co. on Wednesday reported its first-quarter net loss of 23.6 billion won (US$17.7 million), swinging from a profit of 108.3 billion won a year earlier.Operating income for the January-March period was 69 billion w
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  S. Korea, Australia discuss ties in supply chains, energy

  By Kang Yoon-seungINCHEON, May 3 (Yonhap) -- South Korea and Australia shared ideas on expanding cooperation in a wide array of economic issues, ranging from supply chains to energy, the finance ministry said Wednesday.First Vice Finance Minister Ban
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  POSCO Future M, Huayou to invest 1.7 tln won in EV battery materials production

  SEOUL, May 3 (Yonhap) -- POSCO Future M Co., a leading secondary battery materials producer, said Wednesday it has teamed up with a Chinese cobalt producer to invest 1.7 trillion won (US$1.27 billion) to build production facilities for battery precur
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  Openness key to rebound of Asian economies: finance minister

  By Kang Yoon-seungINCHEON, May 3 (Yonhap) -- South Korea's finance minister said Wednesday that Asian countries should pursue openness and rules of fair trade to address rising economic fragmentation and geopolitical instability.Finance Minister
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  POSCO to build US$441 mln nickel refining facility in Indonesia

  SEOUL, May 3 (Yonhap) -- POSCO Holdings Inc. said Wednesday it is spending US$441 million to build a nickel refining facility in Indonesia as it pushes to beef up its supply chains of the key secondary battery material. The factory will be located in
• KG Dongbusteel Q1 net profit down 20.5 pct to 54.2 bln won

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  SEOUL, May 3 (Yonhap) -- KG Dongbusteel Co. on Wednesday reported its first-quarter net income of 54.2 billion won (US$40.5 million), down 20.5 percent from a year earlier.The company said in a regulatory filing that operating income for the January-
• Lotte Wellfood turns to profits in Q1

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  SEOUL, May 3 (Yonhap) -- Lotte Wellfood Co. on Wednesday reported its first-quarter net income of 33 million won (US$24,600), shifting from a loss of 4 billion won a year earlier.The company said in a regulatory filing that it posted 18.6 billion won
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  S. Korea, ADB to launch 'K-Hub' to tackle climate change

  By Kang Yoon-seungINCHEON, May 3 (Yonhap) -- South Korea's finance ministry said Wednesday it has clinched an agreement with the Asia Development Bank (ADB) to launch a new organization dedicated to sharing climate-related expertise in the region
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  Global pharmaceutical firm Merck Life Science mulling building new facilities in S. Korea

  SEOUL, May 3 (Yonhap) -- Global pharmaceutical company Merck Life Science is considering building manufacturing facilities in South Korea's central city of Daejeon, the industry ministry said Wednesday.Merck signed a memorandum of understanding w
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  SK Geocentric to build plastic recycling factory with Canadian company

  By Kim Seung-yeon SEOUL, May 3 (Yonhap) -- SK Geocentric Co., a chemical unit under South Korea's SK Group, said Wednesday it has signed a joint venture agreement with a Canadian partner to build a plastic waste recycling factory in Korea. SK Geo
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  SK On to develop key EV battery material with U.S. graphite company

  By Kim Seung-yeon SEOUL, May 3 (Yonhap) -- South Korean battery maker SK On Co. said Wednesday it has signed an agreement with a U.S. graphite company to develop battery-grade anode materials in an effort to bolster the sourcing of raw materials. The
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  ASEAN+3 meeting urges stronger financial safety net amid uncertainties

  By Kang Yoon-seungINCHEON, May 2 (Yonhap) -- Financial officials from South Korea, China, Japan and the Association of Southeast Asian Nations (ASEAN) on Tuesday agreed on the need to enhance global financial safety nets in the face of economic uncer
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  (LEAD) AmorePacific's Q1 net profit down 25.3 pct on-year on weaker sales

  (ATTN: RECASTS headline, lead; UPDATES throughout) SEOUL, May 2 (Yonhap) -- AmorePacific Corp., a cosmetics giant, on Tuesday reported a 25.3 percent decrease in net profit in the first quarter from a year earlier due to sluggish sales amid a global
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  (LEAD) KG Mobility's April sales rise 22 pct on SUV models

  (ATTN: UPDATES with Q1 earnings in last 9 paras)SEOUL, May 2 (Yonhap) -- KG Mobility, formerly SsangYong Motors, said Tuesday its sales rose 22 percent last month from a year earlier, driven by robust demand for its SUV models.KG Mobility sold 9,899
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  Nobel economist suggests immigration as solution to S. Korea's low birth rate

  By Kang Yoon-seungINCHEON, May 2 (Yonhap) -- Accepting more immigrants will induce more women to participate in the labor market and help South Korea address its low birth rate as well, an economics professor at the University of Chicago said Tuesday
• Amorepacific Group Q1 net profit down 12.6 pct to 115.6 bln won

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  SEOUL, May 2 (Yonhap) -- Amorepacific Group on Tuesday reported its first-quarter net profit of 115.6 billion won (US$86.1 million), down 12.6 percent from a year earlier.Operating profit for the January-March period was 81.6 billion won, down 52.3 p
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  (LEAD) Hyundai's April sales rise 8.5 pct on improved production

  (ATTN: ADDS background info in paras 6-7)SEOUL, May 2 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Tuesday its sales rose 8.5 percent last month from a year earlier on improved production and product mix amid eased chip sup