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S. Korea to sell 15 tln won worth of Treasurys in May
SEOUL, April 27 (Yonhap) -- South Korea plans to sell 15 trillion won (US$11.1 billion) in state bonds next month, the finance ministry said Thursday.The country will issue 1.9 trillion won in Treasurys with a maturity of two years, and another 2.8 t
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(LEAD) LG H&H's net profit down 15.3 percent on-year in Q1
SEOUL, April 27 (Yonhap) -- South Korean cosmetics giant LG Household & Health Care Co. said Thursday its net profit fell 15.3 percent in the first quarter from a year earlier due to delayed consumption recovery in China and cost headwinds.Net profit
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KB Financial Group's Q1 net profit inches up on higher non-banking profit
SEOUL, April 27 (Yonhap) -- Major South Korean financing holding firm KB Financial Group Inc. said Thursday its net profit inched up 2.5 percent in the first quarter from a year earlier thanks largely to the higher profits of its non-banking units.Ne
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(2nd LD) LG Electronics Q1 profit down on slow demand
(ATTN: ADDS more details in paras 5, 10, 12, closing share price at bottom)SEOUL, April 27 (Yonhap) -- LG Electronics Inc. on Thursday said its operating profit for the January-March period declined 23 percent from a year earlier amid the on-going ma
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S. Korea to eliminate customs declaration forms for arrivals
SEOUL, April 27 (Yonhap) -- South Korea's customs agency said Thursday it will no longer require incoming travelers to submit customs forms when they have nothing to declare, a hassle-free move that could boost the efficiency of customs clearance
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(LEAD) POSCO Holdings Q1 net down 57.9 pct on weaker sales
(ATTN: RECASTS headline, throughout; ADDS photo)SEOUL, April 27 (Yonhap) -- South Korean steel giant POSCO Holdings Inc. said Thursday its first-quarter earnings tumbled nearly 58 percent from a year earlier due to sluggish sales.Consolidated net pro
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S. Korean customs agency to combat drug dealing with Asian-Pacific nations
By Kang Yoon-seungSEOUL, April 27 (Yonhap) -- South Korea's customs agency said Thursday it has agreed with Asian-Pacific nations to make joint efforts to combat drug dealing amid growing concerns over narcotic abuses here.The agreement with 17 o
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(4th LD) Samsung Electronics logs worst quarter in 14 years amid memory chip glut
(ATTN: ADDS closing share price at bottom)SEOUL, April 27 (Yonhap) -- Samsung Electronics Co. on Thursday reported its worst quarterly profit in 14 years, as global economic woes dented demand for consumer electronics and a chip glut battered its cor
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(News Focus) FTC approval clears way for Hanwha's DSME takeover, though challenges remain
By Kim Seung-yeon SEOUL, April 27 (Yonhap) -- The South Korean antitrust regulator's conditional approval of the plan to take over Daewoo Shipbuilding & Marine Engineering Co. (DSME) removes the last hurdle for Hanwha Group's push to become a
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Hana Financial Q1 net spikes 22 pct on non-interest income gain
SEOUL, April 27 (Yonhap) -- Hana Financial Group Inc., a major financial holding group in South Korea, on Thursday reported a 22 percent jump in its first-quarter net profit on a sharp rise in non-interest income.Net income came to 1.1 trillion won (
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(2nd LD) POSCO Future M Q1 net up 12 pct on solid battery materials demand
(ATTN: ADDS closing share price at bottom) SEOUL, April 27 (Yonhap) -- POSCO Future M Co., a major South Korean manufacturer of battery materials, said Thursday its first quarter net rose 11.7 percent from a year earlier, on the back of solid demand
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(LEAD) HD Korea Shipbuilding narrows loss in Q1 on brisk sales
(ATTN: RECASTS headline, lead; UPDATES with more details throughout; COMBINES related stories; ADDS photo) SEOUL, April 27 (Yonhap) -- Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Thursday its first-quarter loss n
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(2nd LD) LG Chem Q1 operating profit dip 23 pct on weak petchem demand
(ATTN: UPDATES last para with closing share price) By Kim Seung-yeon SEOUL, April 27 (Yonhap) -- LG Chem Ltd. said Thursday its first operating quarter profit shrank 22.8 percent from a year earlier as a global economic slowdown dampened petrochemica
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(2nd LD) S-Oil Q1 net tumbles nearly 70 pct on weak oil demand
(ATTN: ADDS closing share price at bottom)SEOUL, April 27 (Yonhap) -- S-Oil Corp. said Thursday its net profit slumped nearly 70 percent in the first quarter from a year earlier, as sluggish oil demand weighed on profitability. Net profit reached 265
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(3rd LD) POSCO International net up 17.3 pct in Q1
(ATTN: ADDS closing share price at bottom)SEOUL, April 27 (Yonhap) -- POSCO International Corp., the trading arm of South Korean steel giant POSCO Holdings Co., said Thursday its first-quarter earnings climbed more than 17 percent in the first quarte
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(3rd LD) Samsung SDI Q1 net profit up 28 pct on robust EV battery demand
(ATTN: ADDS closing share price at bottom) By Kim Seung-yeon SEOUL, April 27 (Yonhap) -- Samsung SDI Co. said Thursday its first-quarter net profit rose 28 percent from a year earlier as surging demand for electric vehicle (EV) batteries gave a boost
(LEAD) Hanwha Solutions Q1 net up 30 pct on brisk solar demand
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(ATTN: CHANGES headline, lead; ADDS more details throughout) By Kim Seung-yeon SEOUL, April 27 (Yonhap) -- Hanwha Solutions Corp., a key energy unit of Hanwha Group, said Thursday its first-quarter net income rose 29.4 percent from a year earlier, bo
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(LEAD) Hyundai Glovis Q1 net falls 2.8 pct on won's weakness
(ATTN: RECASTS throughout; ADDS photo)SEOUL, April 27 (Yonhap) -- Hyundai Glovis Co., the logistics unit of Hyundai Motor Group, said Thursday its first-quarter net profit fell 2.8 percent due mainly to the won's weakness against the dollar. Net
POSCO Holdings Q1 net income down 57.9 pct to 800 bln won
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SEOUL, April 27 (Yonhap) -- POSCO Holdings Inc. on Thursday reported its first-quarter net income of 800 billion won (US$597.9 million), down 57.9 percent from a year earlier.The company said in a regulatory filing that operating income for the Janua
LG H&H Q1 net profit down 15.4 pct to 96.3 bln won
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SEOUL, April 27 (Yonhap) -- LG H&H Co. on Thursday reported its first-quarter net profit of 96.3 billion won (US$72 million), down 15.4 percent from a year earlier.Operating income for the January-March period was 145.9 billion won, down 16.9 percent
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