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• Taewoong Logistics to raise 30 bln won via stock offering

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  SEOUL, April 27 (Yonhap) -- Taewoong Logistics Co. on Thursday announced that it will sell stock to raise 30 billion won(US$22.4 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing
• Hyundai Glovis Q1 net profit down 2.8 pct to 283.6 bln won

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  SEOUL, April 27 (Yonhap) -- Hyundai Glovis Co. on Thursday reported its first-quarter net income of 283.6 billion won (US$211.4 million), down 2.8 percent from a year earlier.The company said in a regulatory filing that it posted 406.6 billion won in
• Shinhan Financial Group Q1 net profit up 0.7 pct to 1.41 tln won

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  SEOUL, April 27 (Yonhap) -- Shinhan Financial Group Co. on Thursday reported its first-quarter net income of 1.41 trillion won (US$1.1 billion), up 0.7 percent from a year earlier.The company said in a regulatory filing that it posted 1.75 trillion w
• Hanwha Solutions Q1 net income up 29.4 pct to 133.4 bln won

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  SEOUL, April 27 (Yonhap) -- Hanwha Solutions Corp. on Thursday reported its first-quarter net income of 133.4 billion won (US$99.4 million), up 29.4 percent from a year earlier.The company said in a regulatory filing that operating profit for the Jan
• Foreign currency deposits down in March on lower individual savings

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  SEOUL, April 27 (Yonhap) -- Foreign currency deposits fell in March on lower individual savings, central bank data showed Thursday.Residents' outstanding foreign currency-denominated deposits reached US$97.49 billion at end-March, down $30 millio
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  (3rd LD) Samsung Electronics logs worst quarter in 14 years amid memory chip glut

  (ATTN: ADDS more details in paras 7-8, 11-13, last 2 paras)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
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  (2nd LD) POSCO International net up 17.3 pct in Q1

  (ATTN: ADDS more details in paras 7-8, 10)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
• Samsung Engineering Q1 net income up 54.7 pct to 175.9 bln won

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  SEOUL, April 27 (Yonhap) -- Samsung Engineering Co. on Thursday reported its first-quarter net profit of 175.9 billion won (US$131.3 million), up 54.7 percent from a year earlier.The company said in a regulatory filing that operating income for the J
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  (2nd LD) Samsung SDI Q1 net profit up 28 pct on robust EV battery demand

  (ATTN: UPDATES with comments, details from earnings call in paras 7-11) 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 vehicl
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  S. Korean regulator gives conditional nod to Hanwha's takeover of DSME

  By Kang Yoon-seungSEOUL, April 27 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to give the nod to Hanwha Group's plan to acquire Daewoo Shipbuilding & Marine Engineering Co. (DSME) under the condition the conglom
• Lig Nex1 Q1 net income up 43.1 pct to 59.7 bln won

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  SEOUL, April 27 (Yonhap) -- Lig Nex1 Co. on Thursday reported its first-quarter net profit of 59.7 billion won (US$44.5 million), up 43.1 percent from a year earlier.Operating income for the January-March period was 68.2 billion won, up 35.1 percent
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  Bhc chicken opens 1st shop in Singapore

  SEOUL, April 27 (Yonhap) -- Bhc Group said Thursday it has opened its first bhc chicken store in Singapore as part of its efforts to break into the Southeast Asian market.The store opened at a shopping complex in Marina Square located on Marina Bay,
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  (LEAD) POSCO International net up 17.3 pct in Q1

  (ATTN: RECASTS headline, lead; UPDATES with more details; ADDS image)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
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  S. Korea's demand for natural gas predicted to fall 1.4 pct per year through 2036

  SEOUL, April 27 (Yonhap) -- South Korea's demand for natural gas is expected to decrease 1.38 percent per year through 2036 due mainly to falling demand for power generation, the industry ministry said Thursday.The country's annual demand for
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  (LEAD) Samsung SDI Q1 net profit up 28 pct on robust EV battery demand

  (ATTN: ADDS more details throughout) 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 to th
• LS Electric Q1 net profit up 50.8 pct to 50.5 bln won

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  SEOUL, April 27 (Yonhap) -- LS Electric Co. on Thursday reported its first-quarter net profit of 50.5 billion won (US$37.7 million), up 50.8 percent from a year earlier.Operating profit for the January-March period was 81.8 billion won, up 101.6 perc
• Samsung SDS Q1 net profit up 1.9 pct to 208.3 bln won

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  SEOUL, April 27 (Yonhap) -- Samsung SDS Co. on Thursday reported its first-quarter net profit of 208.3 billion won (US$155.3 million), up 1.9 percent from a year earlier.Operating income for the January-March period was 194.3 billion won, down 29 per
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  Fried chicken chain Genesis BBQ opens 1st shop in central America

  SEOUL, April 27 (Yonhap) -- South Korean fried chicken franchise Genesis BBQ Co. said Thursday it will open its first shop in Panama next month as part of its efforts to break into the central American market. The shop will open in the San Francisco
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  (LEAD) S-Oil Q1 net tumbles nearly 70 pct on weak oil demand

  (ATTN: ADDS more details throughout)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 265.3 bil
• POSCO International Q1 net profit up 17.3 pct to 191.3 bln won

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  SEOUL, April 27 (Yonhap) -- POSCO International on Thursday reported its first-quarter net income of 191.3 billion won (US$142.8 million), up 17.3 percent from a year earlier.Operating profit for the January-March period was 279.6 billion won, up 29.