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• LX International 2022 net income up 44.2 pct to 779.3 bln won

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  SEOUL, Feb. 7 (Yonhap) -- LX International Corp. on Tuesday reported its 2022 net profit of 779.3 billion won (US$620.5 million), up 44.2 percent from a year earlier.The company said in a regulatory filing that it posted 965.5 billion won in operatin
• LX International Q4 net profit down 49.3 pct to 77.7 bln won

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  SEOUL, Feb. 7 (Yonhap) -- LX International Corp. on Tuesday reported its fourth-quarter net income of 77.7 billion won (US$61.9 million), down 49.3 percent from a year earlier.The company said in a regulatory filing that operating income for the Octo
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  Department stores enjoy sales rebound as int'l travelers splurge after reopening

  SEOUL, Feb. 7 (Yonhap) -- South Korean department stores are enjoying a rebound in sales, as international shoppers return to the country amid eased virus restrictions.Hanwha Galleria, the department store of Hanwha Group, said Tuesday its luxury goo
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  S. Korean shipyards rank 2nd in new global orders in Jan.

  SEOUL, Feb. 7 (Yonhap) -- South Korean shipbuilders lagged far behind their Chinese rivals in terms of new global orders to rank second in the world in February amid tumbling demand, industry data showed Tuesday.Local shipbuilders won a combined 640,
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  S. Korea to earmark 52.5 bln won for new projects on high-tech materials, parts

  SEOUL, Feb. 7 (Yonhap) -- South Korea will invest 52.5 billion won (US$41.81 million) in 96 fresh projects to develop technologies for major materials, components and equipment this year in an effort to promote advanced industries and to better ensur
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  GM launches GMC Sierra pickup in S. Korea

  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. The Sierra Denali is the GMC brand's launch model in the
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  (LEAD) SK Innovation posts record operating profit in 2022 on higher oil prices, petrochem demand

  (ATTN: CHANGES headline, lead; UPDATES with more details; ADDS byline, photo; COMBINES earlier article slugged 'SK Innovation-Q4 earnings')By Kim Seung-yeon SEOUL, Feb. 7 (Yonhap) -- SK Innovation Co. said Tuesday it posted a record high oper
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  S. Korea to extend FX trading hours, allow offshore firms' participation

  By Kang Yoon-seung SEJONG, Feb. 7 (Yonhap) -- South Korea plans to more than double its foreign-exchange trading hours and allow offshore firms to participate in the market in line with efforts to attract more investment from overseas, the financial
• SK Innovation 2022 net income up 307.4 pct to 1.99 tln won

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  SEOUL, Feb. 7 (Yonhap) -- SK Innovation Co. on Tuesday reported its 2022 net income of 1.99 trillion won (US$1.6 billion), up 307.4 percent from a year earlier.The company said in a regulatory filing that it posted 3.99 trillion won in operating prof
• SK Innovation swings to red in Q4

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  SEOUL, Feb. 7 (Yonhap) -- SK Innovation Co. on Tuesday reported its fourth-quarter net loss of 386.8 billion won (US$307.8 million), turning from a profit of 151.4 billion won a year earlier.The company said in a regulatory filing that it continued t
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  (LEAD) Kakao Pay shifts to profit in 2022 on increased financial income

  (ATTN: ADDS details throughout)SEOUL, Feb. 7 (Yonhap) -- Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., said Tuesday it swung to the black last year thanks to increased financial income.Kakao Pay logged a net profit
• Kakao Pay shifts to profits in 2022

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  SEOUL, Feb. 7 (Yonhap) -- Kakao Pay Corp. on Tuesday reported its 2022 net income of 27.5 billion won (US$22 million), turning from a loss of 33.9 billion won a year earlier.The company said in a regulatory filing that it continued to post an operati
• Kakao Pay swings to profits in Q4

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  SEOUL, Feb. 7 (Yonhap) -- Kakao Pay Corp. on Tuesday reported its fourth-quarter net income of 34.1 billion won (US$27.2 million), shifting from a loss of 34.7 billion won a year earlier.The company said in a regulatory filing that it continued to po
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  Shinhan Bank CEO offers to quit over health issue

  SEOUL, Feb. 6 (Yonhap) -- The new chief executive of Shinhan Bank has offered to resign due to an unspecified health issue only about a month after being elected to the top post of the major South Korean lender, bank officials said Monday.Shinhan Ban
• FSS vows to strengthen watch on financial firms' corporate governance

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  SEOUL, Feb. 6 (Yonhap) -- South Korea's financial regulator said Monday it will hold a regular meeting with the board of major banks to help strengthen its oversight of the corporate governance of the banks.The Financial Supervisory Service (FSS)
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  (2nd LD) SKC's operating profit falls 45 pct in 2022 amid high electricity costs

  (ATTN: ADDS closing share price at bottom)By Kim Seung-yeon SEOUL, Feb. 6 (Yonhap) --SKC Co., a South Korean manufacturer of advanced materials, said Monday its operating profit declined 45.1 percent in 2022 from a year earlier, mainly weighed down b
• SK Ie Technology turns to profits in Q4

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  SEOUL, Feb. 6 (Yonhap) -- SK Ie Technology Co. on Monday reported its fourth-quarter net profit of 9.5 billion won (US$7.6 million), shifting from a loss of 8.9 billion won a year earlier.The company said in a regulatory filing that it continued to p
• SK Ie Technology turns to red in 2022

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  SEOUL, Feb. 6 (Yonhap) -- SK Ie Technology Co. on Monday reported its 2022 net loss of 29.7 billion won (US$23.7 million), turning from a profit of 95.4 billion won a year earlier.The company said in a regulatory filing that it posted an operating lo
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  Jeju Air to expand flights to Vietnam and Laos

  SEOUL, Feb. 6 (Yonhap) -- Jeju Air Co., South Korea's biggest low-cost carrier, said Monday it will expand flights to Vietnam and Laos in April after three years of their suspension due to the COVID-19 pandemic.Jeju Air plans to resume services o
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  (LEAD) SKC's operating profit falls 45 pct in 2022 amid high electricity costs

  (ATTN: UPDATES with more details throughout; CHANGES headline, lead; ADDS byline, photo; COMBINES earlier story slugged 'SKC-Q4 earnings')By Kim Seung-yeon SEOUL, Feb. 6 (Yonhap) --SKC Co., a South Korean manufacturer of advanced materials, s