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• Hyundai Department Store swings to red in Q4

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  SEOUL, Feb. 13 (Yonhap) -- Hyundai Department Store Co. on Monday reported its fourth-quarter net loss of 11.8 billion won (US$9.3 million), turning from a profit of 66.3 billion won a year earlier.The company said in a regulatory filing that it post
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  Hyundai Motor Group's EV sales volume tops 100,000 in U.S. in 8 years

  SEOUL, Feb. 13 (Yonhap) -- The U.S. sales volume of electric vehicles (EVs) of South Korea's Hyundai Motor Group has surpassed the 100,000 mark on a cumulative basis since its first EV launch in the world's largest economy eight years ago, in
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  (LEAD) Exports up 12 pct during first 10 days of Feb. on more working days

  (ATTN: RECASTS headline, lead; UPDATES throughout with details)By Kang Yoon-seungSEOUL, Feb. 13 (Yonhap) -- South Korea's exports increased 11.9 percent on-year in the first 10 days of February, data showed Monday, due to stronger shipments of au
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  Exports up 12 pct during first 10 days of Feb.

  By Kang Yoon-seungSEOUL, Feb. 13 (Yonhap) -- South Korea's exports increased 11.9 percent on-year in the first 10 days of February, data showed Monday, on the back of robust shipments of automobiles.The country's outbound shipments stood at U
• Top headlines in major S. Korean newspapers

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  SEOUL, Feb. 13 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 13.Korean-language dailies-- Financially vulnerable people to fall first victim to high interest rates (Kyunghyang Shinmun)-- Public institutions found to
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  China's reopening likely to help S. Korean economy rebound: report

  SEOUL, Feb. 12 (Yonhap) -- China's reopening from COVID-19 restrictions and its economic recovery are expected to help boost South Korea's economic growth and exports, which are highly related to the neighboring country, a report showed Sunda
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  17 local remicon manufacturers fined over price fixing

  SEOUL, Feb. 12 (Yonhap) -- The Fair Trade Commission (FTC) said Sunday that it has levied a total of 1.28 billion won (US$1 million) in fines on 17 local cement manufacturers for cartel activities.The antitrust watchdog said the ready-made concrete (
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  S. Korea reports new swine fever case

  SEOUL, Feb. 12 (Yonhap) -- South Korea reported an African swine fever (ASF) case from a local farm in the eastern region of Gangwon Province, officials said Sunday.The latest ASF case was found in Yangyang in Gangwon Province, some 174 kilometers ea
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  (LEAD) S. Korean companies offer relief support to quake-struck Turkey, Syria

  (ATTN: UPDATES with aid by Lotte Group and Amorepacific Group in paras 12-13)By Kim Seung-yeon and Kang Jae-eunSEOUL, Feb. 10 (Yonhap) -- Major South Korean enterprises, including Samsung, SK and LG, said Friday they were offering donations and relie
• KEPCO Plant Service & Engineering 2022 net profit up 1.5 pct to 100.2 bln won

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  SEOUL, Feb. 10 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Friday reported its 2022 net profit of 100.2 billion won (US$79.2 million), up 1.5 percent from a year earlier.The company said in a regulatory filing that operating income for the y
• KEPCO Plant Service & Engineering shifts to profits in Q4

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  SEOUL, Feb. 10 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Friday reported its fourth-quarter net profit of 30.8 billion won (US$24.3 million), turning from a loss of 3.8 billion won a year earlier.The company said in a regulatory filing tha
• SK Networks 2022 net profit down 12.2 pct to 90.9 bln won

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  SEOUL, Feb. 10 (Yonhap) -- SK Networks Co. on Friday reported its 2022 net income of 90.9 billion won (US$71.9 million), down 12.2 percent from a year earlier.The company said in a regulatory filing that it posted 154.3 billion won in operating profi
• SK Networks swings to black in Q4

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  SEOUL, Feb. 10 (Yonhap) -- SK Networks Co. on Friday reported its fourth-quarter net profit of 27.4 billion won (US$21.7 million), shifting from a loss of 19.9 billion won a year earlier.Operating profit for the October-December period was 33.1 billi
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  S. Korean companies offer relief support to quake-struck Turkey, Syria

  By Kim Seung-yeon and Kang Jae-eunSEOUL, Feb. 10 (Yonhap) -- Major South Korean enterprises, including Samsung, SK and LG, said Friday they were offering donations and relief items to help with efforts to recover from the earthquake that hit Turkey a
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  S. Korea to double ceiling on document-free transfer of foreign currency

  By Kang Yoon-seungSEOUL, Feb. 10 (Yonhap) -- South Korea plans to raise the amount of foreign currency that can be transferred overseas without declaration of the source as early as June, the finance ministry said Friday.Under the plan, the country w
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  (2nd LD) Kakao 2022 net down 38 pct due to base effect

  (ATTN: ADDS Kakao's plan on new AI service in last 6 paras)SEOUL, Feb. 10 (Yonhap) -- Kakao Corp., the operator of the country's top mobile messenger, said Friday its 2022 net income fell 38 percent due to a base effect.The company's net
• Taming inflation still in focus for S. Korea: finance minister

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  By Kang Yoon-seungSEOUL, Feb. 10 (Yonhap) -- South Korea's top economic policymaker said Friday taming inflation is still a priority for South Korea, although the pace of inflation is expected to gradually slow this year.Inflation in Asia's f
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  S. Korea's total revenue up 49.8 tln won in 2022

  By Kang Yoon-seungSEOUL, Feb. 10 (Yonhap) -- South Korea's total revenue, including tax gains, advanced 49.8 trillion won (US$39.3 billion) in 2022 from a year earlier, the government data showed Friday, on the back of improved corporate earnings
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  (LEAD) NHN shifts to red in 2022

  (ATTN: ADDS details throughout)SEOUL, Feb. 10 (Yonhap) -- NHN Corp., a South Korean IT company, said Friday it swung to the red last year due to losses from its financial assets.The company logged a net loss of 4.6 billion won (US$3.6 million) on a c
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  (LEAD) Kakao 2022 net down 38 pct due to base effect

  (ATTN: ADDS details throughout)SEOUL, Feb. 10 (Yonhap) -- Kakao Corp., the operator of the country's top mobile messenger, said Friday its 2022 net income fell 38 percent due to a base effect.The company's net profit totaled 1.02 trillion won