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  (LEAD) KSOE 2022 net loss narrows sharply on weak won, lower costs

  (ATTN: RECASTS slug, headline, lead; UPDATES throughout; ADDS image) SEOUL, Feb. 7 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday its net loss narrowed sharply in 2022 from a year earlier on a weak won and lower costs.C
• SM Entertainment to raise 111.9 bln won via stock sale

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  SEOUL, Feb. 7 (Yonhap) -- SM Entertainment Co.on Tuesday announced that it will sell stock to raise 111.9 billion won(US$89.1 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory
• HD Hyundai 2022 net income up 1384.1 pct to 2.23 tln won

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  SEOUL, Feb. 7 (Yonhap) -- HD Hyundai Co. on Tuesday reported its 2022 net income of 2.23 trillion won (US$1.8 billion), up 1384.1 percent from a year earlier.The company said in a regulatory filing that operating income for the year rose 226.7 percen
• HD Hyundai shifts to black in Q4

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  SEOUL, Feb. 7 (Yonhap) -- HD Hyundai Co. on Tuesday reported its fourth-quarter net profit of 38.8 billion won (US$30.9 million), shifting from a loss of 225 billion won a year earlier.Operating profit for the October-December period was 274.5 billio
• Hyundai Mipo Dockyard remains in red in 2022

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  SEOUL, Feb. 7 (Yonhap) -- Hyundai Mipo Dockyard Co. on Tuesday reported its 2022 net loss of 43.8 billion won (US$34.9 million), remaining in the red compared with the previous year.The company said in a regulatory filing that it continued to post an
• Hyundai Mipo Dockyard remains in red in Q4

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  SEOUL, Feb. 7 (Yonhap) -- Hyundai Mipo Dockyard Co. on Tuesday reported its fourth-quarter net loss of 149.1 billion won (US$118.6 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to po
• (LEAD) LX International logs record operating profit in 2022 on higher commodity prices, freight rates

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  SEOUL, Feb. 7 (Yonhap) -- LX International Corp. said Tuesday it posted a record operating profit in 2022, boosted by a rise in commodity prices and global freight rates.Operating income reached 965.5 billion won (US$768.2 million) in the January-Dec
• Oci Q4 net income up 24.2 pct to 359.3 bln won

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  SEOUL, Feb. 7 (Yonhap) -- Oci Co. on Tuesday reported its fourth-quarter net income of 359.3 billion won (US$285.8 million), up 24.2 percent from a year earlier.Operating income for the October-December period was 348.5 billion won, up 59.8 percent f
• Oci 2022 net profit up 34.7 pct to 878.4 bln won

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  SEOUL, Feb. 7 (Yonhap) -- Oci Co. on Tuesday reported its 2022 net profit of 878.4 billion won (US$698.6 million), up 34.7 percent from a year earlier.The company said in a regulatory filing that it posted 980.6 billion won in operating profit for th
• Hyundai Heavy Industries remains in red in 2022

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  SEOUL, Feb. 7 (Yonhap) -- Hyundai Heavy Industries Co. on Tuesday reported its 2022 net loss of 352.1 billion won (US$280 million), remaining in the red compared with the previous year.The company said in a regulatory filing that it continued to post
• Hyundai Heavy Industries remains in red in Q4

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  SEOUL, Feb. 7 (Yonhap) -- Hyundai Heavy Industries Co. on Tuesday reported its fourth-quarter net loss of 161.9 billion won (US$128.8 million), remaining in the red compared with a year ago.Operating income for the October-December period was 22.2 bi
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  (News Focus) S. Korea's FX revamp measures expected to reduce volatility, raise hopes for MSCI inclusion

  By Koh Byung-joonSEOUL, Feb. 7 (Yonhap) -- South Korea's latest measures to revamp the foreign exchange (FX) market are expected to help expand trading and reduce the overall level of volatility, experts said Tuesday. Those measures are also expe
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  S. Korea sees worsening economic slowdown on exports fall, weak domestic demand: KDI

  SEOUL, Feb. 7 (Yonhap) -- South Korea has experienced a worsening economic slowdown over dwindling exports and a weaker recovery of domestic demand, a state-run think tank said Tuesday.The assessment by the Korea Development Institute (KDI) was bleak
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  (LEAD) GM launches GMC Sierra pickup in S. Korea

  (ATTN: UPDATES with details in paras 5-6, 8; ADDS 2nd photo)SEOUL, Feb. 7 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., on Tuesday launched the GMC brand's flagship pickup Sierra to strengthen its lineup and boost sales.
• Lotte Fine Chemical 2022 net income down 74.7 pct to 148.3 bln won

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  SEOUL, Feb. 7 (Yonhap) -- Lotte Fine Chemical Co. on Tuesday reported its 2022 net profit of 148.3 billion won (US$118 million), down 74.7 percent from a year earlier.The company said in a regulatory filing that it posted 408.5 billion won in operati
• Lotte Fine Chemical Q4 net income down 70.3 pct to 67 bln won

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  SEOUL, Feb. 7 (Yonhap) -- Lotte Fine Chemical Co. on Tuesday reported its fourth-quarter net income of 67 billion won (US$53.3 million), down 70.3 percent from a year earlier.Operating profit for the October-December period was 48.2 billion won, down
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  (2nd LD) SK Innovation to spend 7 tln won on battery biz in 2023

  (ATTN: RECASTS headline, lead; UPDATES with details from earnings call in paras 2-10; ADDS photo)By Kim Seung-yeon SEOUL, Feb. 7 (Yonhap) -- SK Innovation Co. said Tuesday it plans to spend 7 trillion won (US$5.58 billion) in capital spending this ye
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  (Yonhap Feature) Coupang's fulfillment center gives a glimpse into the future of logistics

  DAEGU, Feb. 7 (Yonhap) -- What helped Coupang Inc. to become the e-commerce giant that we know today was its same-day or next-day delivery service called Rocket Delivery.However, in-between orders and deliveries, there are various types of logistics
• Korea Shipbuilding & Offshore Engineering remains in red in 2022

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  SEOUL, Feb. 7 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. on Tuesday reported its 2022 net loss of 295.2 billion won (US$234.9 million), remaining in the red compared with the previous year.The company said in a regulatory filing that i
• Korea Shipbuilding & Offshore Engineering remains in red in Q4

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  SEOUL, Feb. 7 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. on Tuesday reported its fourth-quarter net loss of 212.3 billion won (US$168.9 million), remaining in the red compared with a year ago.Operating profit for the October-December p