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Top headlines in major S. Korean newspapers

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SEOUL, Feb. 23 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 23.Korean-language dailies-- S. Korea's childbirths hit another fresh low in 2022 (Kyunghyang Shinmun)-- S. Korea's birthrate falls to record low o
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Producer prices up in Jan. on spike in electricity costs

SEOUL, Feb. 23 (Yonhap) -- South Korea's producer prices rose in January, driven in part by soaring electricity costs, central bank data showed Thursday.The producer price index, a major barometer of consumer inflation, increased 0.4 percent in J
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S. Korea reports 3 more avian influenza cases

SEOUL, Feb. 22 (Yonhap) -- South Korea confirmed three additional cases of a highly pathogenic avian influenza strain of H5N1 on Wednesday, bringing the total cases reported from poultry farms since last October to 66, officials said.One of the cases
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Hyundai begins EV production in U.S. amid IRA woes

SEOUL, Feb. 22 (Yonhap) -- Hyundai Motor Co. said Wednesday it has begun production of an electric vehicle (EV) in the United States in response to the U.S. Inflation Reduction Act (IRA), which allows no subsidies for imported EVs. On Feb. 21 (U.S. t
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Hanwha gains approval from Turkey, Britain for Daewoo Shipbuilding takeover

SEOUL, Feb. 22 (Yonhap) -- Hanwha Group has obtained approval from Turkish and British authorities for its planned takeover of Daewoo Shipbuilding & Marine Engineering Co. (DSME), company officials said Wednesday, the first such nods from foreign gov
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Finance minister to attend G20 finance ministerial meeting in India

By Kang Yoon-seungSEJONG, Feb. 22 (Yonhap) -- South Korean Finance Minister Choo Kyung-ho plans to visit India this week to take part in a G20 finance ministerial meeting, his office said Wednesday, where he plans to call for global cooperation to co
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FSS chief urges banks to diversify income sources other than interest payment

SEOUL, Feb. 22 (Yonhap) -- South Korea's financial regulator chief on Wednesday urged local banks to reduce their excessive dependence on interest income and diversity profit sources to sharpen the overall competitive edge in the global market.Le
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KSOE wins 255.4 bln-won order for 2 LPG carriers

SEOUL, Feb. 22 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has clinched a 255.4 billion-won (US$197.1 million) order to build two liquefied petroleum gas (LNG) carriers for a Middle Eastern shipper.KSOE said in
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Hyundai, Genesis chief designer picked as 2023 World Car Person of Year

SEOUL, Feb. 22 (Yonhap) -- The World Car Awards has chosen Hyundai Motor Co. and its independent Genesis brand's chief designer Lee Sang-yup as the 2023 World Car Person of the Year, the group said Wednesday.This is the second consecutive Word Ca
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S. Korea to hold largest drone exhibition this week in Busan

SEOUL, Feb. 22 (Yonhap) -- South Korea will hold its largest exhibition of unmanned aerial vehicles (UAV) in the southeastern port city of Busan this week to showcase latest technologies and models and to discuss the future of the industry, the indus
Delinquency ratio on bank loans down in Dec.

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SEOUL, Feb. 22 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea fell in December, data showed Wednesday.The delinquency ratio on banks' won-denominated loans stood at 0.25 percent at the end of December, down 0.02 perce
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Population mobility at 36-year low in Jan. amid housing market slump

By Kang Yoon-seungSEJONG, Feb. 22 (Yonhap) -- The number of South Koreans moving to other regions fell to a 36-year low in January, data showed Wednesday, amid higher interest rates and economic uncertainties.The number of people who changed their re
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S. Korea's childbirths hit another fresh low in 2022

By Kang Yoon-seungSEJONG, Feb. 22 (Yonhap) -- The number of babies born in South Korea reached yet another fresh low in 2022, data showed Wednesday, with deaths outpacing births for the third consecutive year.A total of 249,000 babies were born last
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S. Korea's external debt up US$32 bln in end-2022: data

SEJONG, Feb. 22 (Yonhap) -- South Korea's external debt increased US$32.1 billion as of end-2022 from a year earlier, government data showed Wednesday, led by both short and long term loans.The country's external liabilities came to $664.5 bi
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Industry chief woos further investment from Japanese firm Toray

SEOUL, Feb. 22 (Yonhap) -- The chief of South Korea's industry ministry met the head of Japanese chemical firm Toray Industries Inc. on Wednesday to discuss ways to expand the firm's investment here and boost bilateral cooperation, the minist
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(LEAD) LG Energy Solution joins Ford, Koc for Turkey battery venture

(ATTN: ADDS more details, background throughout; RECASTS lead) By Kim Seung-yeon SEOUL, Feb. 22 (Yonhap) -- LG Energy Solution Ltd. (LGES), South Korea's top battery maker, said Wednesday it has signed a non-binding agreement with Ford Motor Co.
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LG Energy Solution joins Ford, Koc for Turkey battery venture

By Kim Seung-yeon SEOUL, Feb. 22 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Wednesday it has signed an initial agreement with Ford Motor Co. and Turkey's Koc Holding A.S. to push for a joint venture to build an electric vehicle (EV) battery
Biz outlook slightly improves for March amid expectations for rebounding spending

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SEOUL, Feb. 22 (Yonhap) -- South Korea's business sentiment slightly improved for March amid expectations that eased coronavirus curbs will bolster spending, a central bank poll showed Wednesday.Local companies' business sentiment index (BSI)
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(LEAD) Hybe recorded biggest-ever sales last year on expansion of global K-pop fandom

(ATTN: UPDATES throughout with details of regulatory filing)SEOUL, Feb. 21 (Yonhap) -- Hybe, the K-pop company behind global superstar BTS, achieved its biggest sales ever last year, boosted by the expansion of the global fandom for its artists and s
Hybe 2022 net income down 75.9 pct to 33.9 bln won

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SEOUL, Feb. 21 (Yonhap) -- Hybe Co. on Tuesday reported its 2022 net income of 33.9 billion won (US$26.2 million), down 75.9 percent from a year earlier.The company said in a regulatory filing that it posted 237.7 billion won in operating profit for