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BIS economist says weak dollar could provide boon for S. Korea's trade

SEOUL, Feb. 1 (Yonhap) -- A weak dollar could serve as a boon for South Korea's trade going forward as it provides better financing conditions for businesses, an economist at the Bank for Intentional Settlements (BIS) said Wednesday.Shin Hyun-son
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Mercedes-Benz Korea to further strengthen EV lineup

SEOUL, Feb. 1 (Yonhap) -- Mercedes-Benz Korea said Wednesday it will further strengthen its electric vehicle lineup in coming years to cement its leading status in the Korean imported passenger vehicle market. On Tuesday, the German carmaker launched
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Korean Air 2022 net nearly triples amid eased pandemic

SEOUL, Feb. 1 (Yonhap) -- Korean Air Co., South Korea's biggest air carrier by sales, said Wednesday its net profit nearly tripled in 2022 from a year earlier as travel demand recovered amid eased COVID-19 virus curbs. The national flag carrier p
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Online shopping hits fresh high in 2022 on travel demand

By Kang Yoon-seungSEOUL, Feb. 1 (Yonhap) -- Online shopping in South Korea reached a new record in 2022 following firm demand for travel services amid eased concerns over the pandemic, data showed Wednesday.The value of online shopping transactions s
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KSOE wins 2.53 tln-won order for 12 methanol-fueled container ships

SEOUL, Feb. 1 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Wednesday it has clinched a 2.53 trillion-won (US$2.05 billion) order to build 12 methanol-propelled very large container ships from a European shipper.KSOE said Hyun
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Baedal Minjok operator forms new company for server robot biz

SEOUL, Feb. 1 (Yonhap) -- Woowa Brothers Corp., the operator of food delivery app Baedal Minjok, said Wednesday it has established a new company to sell and develop server robots, as demand for automated services grows in South Korea. The subsidiary
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(LEAD) S-Oil swings to red in Q4 on falling oil prices

(ATTN: UPDATES with more details throughout; COMBINES earlier story slugged 'S-Oil-2022 earnings'; ADDS byline)By Kim Seung-yeon SEOUL, Feb. 1 (Yonhap) -- S-Oil Corp. said Wednesday it shifted to the red in the fourth-quarter as a drop in glo
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(3rd LD) SK hynix logs operating loss in Q4 on slumping demand, falling prices

(ATTN: ADDS 2nd photo, more details in paras 9, 12-13)SEOUL, Feb. 1 (Yonhap) -- SK hynix Inc. said Wednesday it swung to a deficit in the fourth quarter due to the global chip market's slowdown amid weak demand and oversupply.The world's seco
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Public organizations' hiring likely to hit 6-year low this year

SEOUL, Feb. 1 (Yonhap) -- State-run and state-funded institutes plan to recruit around 22,000 employees this year, the lowest in six years, in line with their belt-tightening moves, the finance ministry said Wednesday.This year's number would mar
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(LEAD) S. Korea's exports log double-digit decline in January; trade deficit hits record high

(ATTN: RECASTS headline to highlight steeper decline in exports; ADDS more details throughout)By Oh Seok-minSEOUL, Feb. 1 (Yonhap) -- South Korea's exports logged a steeper on-year decline in January on weak demand for semiconductors and other it
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Samsung Heavy wins 609.7 bln-won order for 2 LNG carriers

SEOUL, Feb. 1 (Yonhap) -- South Korean shipyard Samsung Heavy Industries Co. said Wednesday it has won a 609.7 billion-won (US$495 million) order to build two liquefied natural gas (LNG) carriers for an Oceanian shipper.Samsung Heavy said in a regula
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POSCO Chemical breaks ground on 10,000-ton anode material plant in Pohang

By Kim Seung-yeon SEOUL, Feb. 1 (Yonhap) -- POSCO Chemical Co., a South Korean manufacturer of industrial materials, said Wednesday it has begun construction of its second factory for synthetic graphite anode materials in the country's southeast.
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S. Korea's trade balance set to improve gradually: finance minister

By Kang Yoon-seungSEOUL, Feb. 1 (Yonhap) -- Finance Minister Choo Kyung-ho said Wednesday that South Korea recorded a trade deficit last month due to higher energy imports, but its trade performance is anticipated to gradually improve down the road o
S-Oil 2022 net income up 52.8 pct to 2.1 tln won

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SEOUL, Feb. 1 (Yonhap) -- S-Oil Corp. on Wednesday reported its 2022 net profit of 2.1 trillion won (US$1.7 billion), up 52.8 percent from a year earlier.Operating income for the year was 3.4 trillion won, up 59.2 percent on-year, the company said in
S-Oil Q4 net income down 19.8 pct to 231.3 bln won

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SEOUL, Feb. 1 (Yonhap) -- S-Oil Corp. on Wednesday reported its fourth-quarter net profit of 231.3 billion won (US$188 million), down 19.8 percent from a year earlier.The company said in a regulatory filing that it posted an operating loss of 157.5 b
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S. Korea's exports down 16.6 pct in January; trade deficit hits record high

SEOUL, Feb. 1 (Yonhap) -- South Korea's exports logged an on-year decline for the fourth consecutive month in January on weak global demand for semiconductors and other items amid an economic slowdown, the industry ministry said Wednesday.The cou
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Gov't expands heating bill support for vulnerable people

SEOUL, Feb. 1 (Yonhap) -- The government announced a set of measures Wednesday to help the country's vulnerable people to cope with a spike in heating and energy bills. The move came amid a mounting public outcry over higher heating bills caused
(URGENT) S. Korea's exports down 16.6 pct in January; trade deficit extended for 11th month

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(2nd LD) SK hynix logs operating loss in Q4 on slumping demand, falling prices

(ATTN: CHANGES headline; ADDS more details in paras 3, 6, 9-10, 12-14)SEOUL, Feb. 1 (Yonhap) -- SK hynix Inc. said Wednesday it swung to a deficit in the fourth quarter due to the global chip market's slowdown amid weak demand and oversupply.The
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4 S. Korean activists arrested for alleged anti-gov't activities upon N.K. orders

By Kim Han-jooSEOUL, Feb. 1 (Yonhap) -- Four South Korean activists were arrested Wednesday on charges of conducting anti-government activities after taking orders from North Korea.The Seoul Central District Court approved the prosecution's reque