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• Shinsegae Q4 net income up 88.3 pct to 177.2 bln won

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  SEOUL, Feb. 8 (Yonhap) -- Shinsegae Inc. on Wednesday reported its fourth-quarter net profit of 177.2 billion won (US$140.8 million), up 88.3 percent from a year earlier.The company said in a regulatory filing that it posted 141.3 billion won in oper
• Shinhan Financial Group 2022 net income up 15.1 pct to 4.73 tln won

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  SEOUL, Feb. 8 (Yonhap) -- Shinhan Financial Group Co. on Wednesday reported its 2022 net profit of 4.73 trillion won (US$3.8 billion), up 15.1 percent from a year earlier.Operating income for the year was 5.88 trillion won, down 1.1 percent from the
• Shinhan Financial Group Q4 net income down 25.5 pct to 353.8 bln won

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  SEOUL, Feb. 8 (Yonhap) -- Shinhan Financial Group Co. on Wednesday reported its fourth-quarter net profit of 353.8 billion won (US$281.4 million), down 25.5 percent from a year earlier.The company said in a regulatory filing that it posted 550 billio
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  Manufacturers' domestic supply extends gains to 8th quarter in Q4

  SEJONG, Feb. 8 (Yonhap) -- South Korean manufacturers' domestic supply rose for the eight straight quarter in the October-December period on the back of imports of cars and electronics, data showed Wednesday.The manufacturing domestic supply inde
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  Shinhan Bank taps new CEO candidate

  SEOUL, Feb. 8 (Yonhap) -- South Korean major lender Shinhan Bank said Wednesday its vice chief was recommended to lead the bank as its incumbent chief executive offered to resign due to health issues. Jung Sang-hyuk will replace CEO Han Yong-gu, who
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  (LEAD) SK Telecom 2022 net dips 60.8 pct on exclusion of equity gains from chip affiliate

  (ATTN: ADDS more details throughout)SEOUL, Feb. 8 (Yonhap) -- SK Telecom Co., South Korea's largest wireless carrier, said Wednesday its net profit dropped 60.8 percent last year from a year earlier due mainly to the exclusion of its equity gains
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  S. Korean EV battery makers' global market share shrinks in 2022

  SEOUL, Feb. 8 (Yonhap) -- Three South Korean electric vehicle (EV) battery makers saw their global market share decline in 2022 from a year earlier amid robust growth of Chinese rivals, industry data showed Wednesday.The trio -- LG Energy Solution Lt
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  S. Korea to attend IPEF's special negotiation round for talks on supply chain, economy

  SEOUL, Feb. 8 (Yonhap) -- South Korea will participate in a special round of negotiations for the United States-led Indo-Pacific Economic Framework (IPEF) to be held in India this week to discuss supply chains, fair economy and green technologies, th
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  (2nd LD) S. Korea's current account turns to black in Dec. but sharply smaller than prior year

  (ATTN: ADDS more info in last 3 paras)SEOUL, Feb. 8 (Yonhap) -- South Korea's current account swung back to the black in December from the previous month, but the amount was quite smaller than a year before as exports dwindled amid growing global
• SK Telecom 2022 net profit down 60.8 pct to 947.8 bln won

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  SEOUL, Feb. 8 (Yonhap) -- SK Telecom Co. on Wednesday reported its 2022 net profit of 947.8 billion won (US$754.6 million), down 60.8 percent from a year earlier.The company said in a regulatory filing that it posted 1.61 trillion won in operating pr
• SK Telecom Q4 net profit down 28.9 pct to 223.7 bln won

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  SEOUL, Feb. 8 (Yonhap) -- SK Telecom Co. on Wednesday reported its fourth-quarter net profit of 223.7 billion won (US$178.1 million), down 28.9 percent from a year earlier.The company said in a regulatory filing that operating profit for the October-
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  61 more firms added to antitrust watch list

  SEJONG, Feb. 8 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has added 61 new businesses to the list of companies affiliated with large business groups under tight supervision. The total number of affiliates on the Fair Trade Co
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  kakaobank's net jumps 29 pct to all-time high in 2022

  SEOUL, Feb. 8 (Yonhap) -- South Korean internet-only kakaobank said Wednesday that its net profit hit an all-time high last year thanks to increased interest income. Its net profit came to 263.1 billion won (US$208.5 million) in 2022, up 28.9 percent
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  (LEAD) S. Korea's current account turns to black in Dec. but sharply smaller than prior year

  (ATTN: ADDS more info from para 5, photo)SEOUL, Feb. 8 (Yonhap) -- South Korea's current account swung back to the black in December from the previous month, but the amount was quite smaller than a year before as exports dwindled amid growing glo
• Doubleugames swings to loss in Q4

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  SEOUL, Feb. 8 (Yonhap) -- Doubleugames Co. on Wednesday reported its fourth-quarter net loss of 221.7 billion won (US$176.6 million), turning from a profit of 34.1 billion won a year earlier.The company said in a regulatory filing that it posted 51.6
• Doubleugames shifts to loss in 2022

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  SEOUL, Feb. 8 (Yonhap) -- Doubleugames Co. on Wednesday reported its 2022 net loss of 234.1 billion won (US$186.5 million), turning from a profit of 156.3 billion won a year earlier.Operating income for the year was 183.9 billion won, down 3.4 percen
• S. Korea's current account turns to black in Dec. but sharply smaller than prior year

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  SEOUL, Feb. 8 (Yonhap) -- South Korea's current account swung back to the black in December from the previous month, but the amount was quite smaller than a year before as exports dwindled amid growing global recession woes, central bank data sho
• (URGENT) S. Korea logs current account surplus of US$2.68 bln in Dec.: BOK

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• 4 companies to recall over 100,000 vehicles over faulty parts

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  SEOUL, Feb. 8 (Yonhap) -- Volkswagen Group Korea, BMW Korea and two other firms will voluntarily recall more than a combined 100,000 vehicles to fix faulty components, the transport ministry said Wednesday.The four firms, which also include Mercedes-
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  S. Korea seeks enhanced ties with African nations on key minerals

  SEOUL, Feb. 7 (Yonhap) -- South Korea on Tuesday attended a meeting of the United States-led Minerals Security Partnership (MSP) meeting and discussed ways to boost cooperation on supply chains of major minerals with resource-rich African nations, th