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  Hyundai's April sales rise 8.5 pct on improved production

  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 supply disruptions. Hyundai Motor sold 336,2
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  GM Korea's April sales more than double on strong exports

  SEOUL, May 2 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Tuesday its sales more than doubled last month from a year earlier helped by strong exports.GM Korea sold a total of 41,233 vehicles in April, up from 19,785 uni
• Amorepacific Q1 net income down 25.3 pct to 89.7 bln won

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  SEOUL, May 2 (Yonhap) -- Amorepacific Corp. on Tuesday reported its first-quarter net profit of 89.7 billion won (US$66.8 million), down 25.3 percent from a year earlier.The company said in a regulatory filing that operating income for the January-Ma
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  (LEAD) Kakao Pay turns to net loss in Q1

  (ATTN: UPDATES throughout with details)SEOUL, May 2 (Yonhap) -- Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., said Tuesday it swung to loss in the first quarter due to increased operating costs.Kakao Pay logged a ne
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  Kia's April sales rise 8.3 pct despite chip shortage

  SEOUL, May 2 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Tuesday its sales rose 8.3 percent last month from a year earlier on improved production and product mix amid eased chip supply disruptions. Kia, a smaller affiliate
• SK Ie Technology Q1 net income down 22 pct to 5.9 bln won

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  SEOUL, May 2 (Yonhap) -- SK Ie Technology Co. on Tuesday reported its first-quarter net income of 5.9 billion won (US$4.4 million), down 22 percent from a year earlier.The company said in a regulatory filing that it continued to post an operating los
• Dna Link to raise 20 bln won via stock offering

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  SEOUL, May 2 (Yonhap) -- Dna Link Inc. on Tuesday announced that it will sell stock to raise 20 billion won(US$14.9 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory filing, the comp
• BGF Retail Q1 net profit up 6.5 pct to 27.7 bln won

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  SEOUL, May 2 (Yonhap) -- BGF Retail Co. on Tuesday reported its first-quarter net income of 27.7 billion won (US$20.6 million), up 6.5 percent from a year earlier.Operating income for the January-March period was 37 billion won, down 2.1 percent from
• Green Cross shifts to red in Q1

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  SEOUL, May 2 (Yonhap) -- Green Cross Corp. on Tuesday reported its first-quarter net loss of 22.1 billion won (US$16.5 million), swinging from a profit of 18 billion won a year earlier.The company said in a regulatory filing that it posted an operati
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  KG Mobility's April sales rise 22 pct on SUV models

  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 vehicles in April, up from 8,140 units a year ea
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  Renault Korea's April sales plunge 53 pct on weak exports

  SEOUL, May 2 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Tuesday its sales plunged 53 percent last month from a year earlier due to sharply decreased exports. Renault Korea sold 9,580 vehicles in April, down from 20,
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  (LEAD) Strict safety standards called for EV batteries amid series of fires

  (ATTN: UPDATES with details in paras 4-5, 7; ADDS 1st photo)JEJU, South Korea, May 2 (Yonhap) -- The government and car manufacturers have to put a bigger focus on the safety of battery packs as a series of recent battery fires may drive down demand
• Kakao Pay turns to loss in Q1

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  SEOUL, May 2 (Yonhap) -- Kakao Pay Corp. on Tuesday reported its first-quarter net loss of 2.4 billion won (US$1.8 million), swinging from a profit of 3.8 billion won a year earlier.The company said in a regulatory filing that it continued to post an
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  Choo stresses 'policy connectivity' in Asia to address economic uncertainties

  By Kang Yoon-seungINCHEON, May 2 (Yonhap) -- South Korea's finance minister on Tuesday highlighted the importance of "policy connectivity" among Asian nations to cope with economic uncertainties and the fragmentation of supply chains.
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  Strict safety standards called for EV batteries amid series of fires

  JEJU, South Korea, May 2 (Yonhap) -- The government and car manufacturers have to put a bigger focus on the safety of battery packs as a series of recent battery fires may drive down demand for electric vehicles (EVs) and have a negative impact on th
• Kumho Petro Chemical Q1 net income down 64.5 pct to 132.6 bln won

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  SEOUL, May 2 (Yonhap) -- Kumho Petro Chemical Co. on Tuesday reported its first-quarter net income of 132.6 billion won (US$98.9 million), down 64.5 percent from a year earlier.Operating profit for the January-March period was 130.2 billion won, down
• Lotte Chilsung Beverage Q1 net income down 18.1 pct to 30.4 bln won

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  SEOUL, May 2 (Yonhap) -- Lotte Chilsung Beverage Co. on Tuesday reported its first-quarter net profit of 30.4 billion won (US$22.7 million), down 18.1 percent from a year earlier.The company said in a regulatory filing that it posted 59.3 billion won
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  Daily FX turnover hits all-time quarterly high in Q1

  SEOUL, May 2 (Yonhap) -- Daily foreign exchange (FX) trading by banks in South Korea hit an all-time quarterly high in the first quarter of the year on increased demand from cross-border transactions of securities, central bank data showed Tuesday.Th
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  (2nd LD) S. Korea to resume finance ministers' meeting with Japan

  (ATTN: UPDATES headline, lead, throughout with meeting results)By Kang Yoon-seungINCHEON, May 2 (Yonhap) -- South Korea and Japan agreed to resume their long-stalled finance ministers' meeting "at an appropriate time this year" as the
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  (LEAD) Central banks of S. Korea, Indonesia sign MOU on promotion of won-rupiah transaction

  (ATTN: ADDS photo)SEOUL, May 2 (Yonhap) -- The Bank of Korea (BOK) and Bank Indonesia signed a memorandum of understanding (MOU) on Tuesday to promote bilateral transactions of local currencies in a bid to facilitate bilateral trade.The preliminary d