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• Top headlines in major S. Korean newspapers

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  SEOUL, Feb. 2 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 2.Korean-language dailies-- Amid falling semiconductor exports, trade deficit at its worst (Kyunghyang Shinmun)-- Senior citizens' free ride; Seoul city
• PSMC to raise 25 bln won via stock sale

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  SEOUL, Feb. 1 (Yonhap) -- PSMC Co.on Wednesday announced that it will sell stock to raise 25 billion won (US$20.3 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the co
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  Kia's Jan. sales rise 9 pct amid improving chip supplies

  SEOUL, Feb. 1 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Wednesday its sales rose 9 percent last month from a year earlier amid improving chip supplies. Kia, a smaller affiliate of Hyundai Motor Co., sold a total of 232,4
• Hyosung Advanced Materials 2022 net income down 51.4 pct to 160.2 bln won

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  SEOUL, Feb. 1 (Yonhap) -- Hyosung Advanced Materials Corp. on Wednesday reported its 2022 net profit of 160.2 billion won (US$130.1 million), down 51.4 percent from a year earlier.The company said in a regulatory filing that it posted 315.1 billion w
• Hyosung Advanced Materials Q4 net income down 92.6 pct to 5.6 bln won

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  SEOUL, Feb. 1 (Yonhap) -- Hyosung Advanced Materials Corp. on Wednesday reported its fourth-quarter net income of 5.6 billion won (US$4.5 million), down 92.6 percent from a year earlier.The company said in a regulatory filing that operating income fo
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  Hanwha Hotels & Resorts, Lodgis Hospitality Holdings sign MOU for Asia resort projects

  SEOUL, Feb. 1 (Yonhap) -- Hanwha Hotels & Resorts Co., on Wednesday agreed on a strategic partnership with a global hospitality company, as it prepares for a rebound in international travel after the pandemic.The hospitality arm of Hanwha Group inked
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  Amorepacific Group swings to profit in Q4

  SEOUL, Feb. 1 (Yonhap) -- Cosmetics giant Amorepacific Group said Wednesday it turned to a profit in the fourth quarter last year due to its renewed focus on online sales channels and strong performance in North America and Europe.Amorepacific group
• Samsung C&T 2022 net income up 39.1 pct to 2.54 tln won

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  SEOUL, Feb. 1 (Yonhap) -- Samsung C&T Corp. on Wednesday reported its 2022 net income of 2.54 trillion won (US$2.1 billion), up 39.1 percent from a year earlier.Operating income for the year was 2.52 trillion won, up 111.4 percent from the previous y
• Samsung C&T Q4 net profit up 185.4 pct to 666.2 bln won

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  SEOUL, Feb. 1 (Yonhap) -- Samsung C&T Corp. on Wednesday reported its fourth-quarter net profit of 666.2 billion won (US$541 million), up 185.4 percent from a year earlier.The company said in a regulatory filing that it posted 634.2 billion won in op
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  Hyundai's Jan. sales rise 8.4 pct despite chip shortage

  SEOUL, Feb. 1 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Wednesday its sales rose 8.4 percent last month from a year earlier despite an extended chip shortage.Hyundai sold a total of 306,296 vehicles in January, up from 2
• Amorepacific Group 2022 net profit down 48.9 pct to 149.2 bln won

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  SEOUL, Feb. 1 (Yonhap) -- Amorepacific Group on Wednesday reported its 2022 net profit of 149.2 billion won (US$121.2 million), down 48.9 percent from a year earlier.Operating profit for the year was 271.9 billion won, down 23.7 percent from the prev
• Amorepacific Group shifts to black in Q4

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  SEOUL, Feb. 1 (Yonhap) -- Amorepacific Group on Wednesday reported its fourth-quarter net income of 10.7 billion won (US$8.7 million), swinging from a loss of 73.1 billion won a year earlier.The company said in a regulatory filing that it posted 78.6
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  GM Korea's Jan. sales rise 26 pct on strong exports

  SEOUL, Feb. 1 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Wednesday its sales rose 26 percent last month from a year earlier on strong exports.GM Korea sold a total of 16,251 vehicles in January, up from 12,911 units a
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  Renault Korea's Jan. sales fall 25 pct on weak demand

  SEOUL, Feb. 1 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Wednesday its sales fell 25 percent last month from a year earlier on weak domestic demand for its models. Renault Korea sold a total of 10,045 vehicles in Ja
• Amorepacific swings to profits in Q4

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  SEOUL, Feb. 1 (Yonhap) -- Amorepacific Corp. on Wednesday reported its fourth-quarter net profit of 24.6 billion won (US$20 million), swinging from a loss of 54.4 billion won a year earlier.Operating income for the October-December period was 57 bill
• Amorepacific 2022 net profit down 28.5 pct to 129.3 bln won

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  SEOUL, Feb. 1 (Yonhap) -- Amorepacific Corp. on Wednesday reported its 2022 net income of 129.3 billion won (US$105 million), down 28.5 percent from a year earlier.Operating income for the year was 214.2 billion won, down 37.6 percent on-year, the co
• F&F Q4 net profit down 13.7 pct to 111.3 bln won

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  SEOUL, Feb. 1 (Yonhap) -- F&F Co. on Wednesday reported its fourth-quarter net profit of 111.3 billion won (US$90.4 million), down 13.7 percent from a year earlier.The company said in a regulatory filing that it posted 154.5 billion won in operating
• F&F 2022 net income up 66.6 pct to 386.5 bln won

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  SEOUL, Feb. 1 (Yonhap) -- F&F Co. on Wednesday reported its 2022 net income of 386.5 billion won (US$313.9 million), up 66.6 percent from a year earlier.The company said in a regulatory filing that operating profit for the year rose 61.9 percent on-y
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  S. Korea's exports via RCEP hit US$3.3 bln in 2022

  SEOUL, Feb. 1 (Yonhap) -- South Korea's exports utilizing a regional trade pact encompassing a third of the world's gross domestic product reached US$3.3 billion in 2022, data showed Wednesday.The performance came after the Regional Comprehen
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  SsangYong's Jan. sales jump 46 pct on strong exports

  SEOUL, Feb. 1 (Yonhap) -- SsangYong Motor Co. said Wednesday its sales jumped 46 percent last month from a year earlier, helped by robust sales of its SUV models.SsangYong Motor sold a total of 10,973 vehicles in January, up from 7,540 units a year e