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  IMF lowers S. Korea's 2023 economic growth to 1.7 pct

  By Kang Yoon-seungSEOUL, Jan. 31 (Yonhap) -- The International Monetary Fund (IMF) on Tuesday revised down its 2023 economic growth outlook for South Korea to 1.7 percent amid growing global uncertainties. The downward revision marked a 0.3 percentag
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  Imports of coffee beans in S. Korea hit all-time high in 2022

  SEOUL, Jan. 31 (Yonhap) -- South Korea's imports of coffee beans hit a new record in 2022, data showed Tuesday, in the latest sign of the drink's growing popularity in Asia's fourth-largest economy.Imports of coffee beans, including both
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  Hyundai Mobis targets 15 pct rise in 2023 overseas orders

  SEOUL, Jan. 31 (Yonhap) -- Hyundai Mobis Co., South Korea's leading auto parts maker, said Tuesday it is targeting a 15 percent on-year rise in overseas orders this year amid rising demand for electric vehicle (EV) components.Hyundai Mobis aims t
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  (2nd LD) Samsung's Q4 operating profit drops nearly 70 pct on sagging demand

  (ATTN: ADDS more details in paras 5, 7-8, 14-19)SEOUL, Jan. 31 (Yonhap) -- Samsung Electronics Co. on Tuesday said its fourth-quarter operating profit plunged nearly 70 percent from a year ago, as the global economic slowdown hurt the sales of electr
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  (2nd LD) Industrial output down 1.6 pct in Dec. amid weak exports

  (ATTN: UPDATES with details throughout; ADDS photo)By Kang Yoon-seungSEOUL, Jan. 31 (Yonhap) -- South Korea's industrial output fell 1.6 percent on-month in December, data showed Tuesday, as the manufacturing sector remained sluggish amid weak ex
• Daewoo Engineering & Construction 2022 net profit up 4.8 pct to 508 bln won

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  SEOUL, Jan. 31 (Yonhap) -- Daewoo Engineering & Construction Co. on Tuesday reported its 2022 net profit of 508 billion won (US$412.2 million), up 4.8 percent from a year earlier.Operating profit for the year was 760 billion won, up 2.9 percent on-ye
• Daewoo Engineering & Construction Q4 net income up 2.8 pct to 111.6 bln won

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  SEOUL, Jan. 31 (Yonhap) -- Daewoo Engineering & Construction Co. on Tuesday reported its fourth-quarter net income of 111.6 billion won (US$90.5 million), up 2.8 percent from a year earlier.The company said in a regulatory filing that operating profi
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  (LEAD) Samsung's Q4 operating profit drops nearly 70 pct on sagging demand

  (ATTN: RECASTS throughout with details; ADDS photo; CHANGES headline)SEOUL, Jan. 31 (Yonhap) -- Samsung Electronics Co. on Tuesday said its fourth-quarter operating profit plunged nearly 70 percent from a year ago, as the global economic slowdown hur
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  (LEAD) Industrial output down 1.6 pct in Dec. amid weak exports

  (ATTN: RECASTS headline; UPDATES with details throughout)By Kang Yoon-seungSEOUL, Jan. 31 (Yonhap) -- South Korea's industrial output fell 1.6 percent on-month in December, data showed Tuesday, as the manufacturing sector remained sluggish amid w
• Samsung Electronics Q4 net income up 120 pct to 23.84 tln won

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  SEOUL, Jan. 31 (Yonhap) -- Samsung Electronics Co. on Tuesday reported its fourth-quarter net income of 23.84 trillion won (US$19.4 billion), up 120 percent from a year earlier.The company said in a regulatory filing that it posted 4.3 trillion won i
• Samsung Electronics 2022 net profit up 39.5 pct to 55.65 tln won

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  SEOUL, Jan. 31 (Yonhap) -- Samsung Electronics Co. on Tuesday reported its 2022 net income of 55.65 trillion won (US$45.3 billion), up 39.5 percent from a year earlier.The company said in a regulatory filing that operating income for the year fell 16
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  Industrial output down 1.6 pct in Dec.

  SEOUL, Jan. 31 (Yonhap) -- South Korea's industrial output fell 1.6 percent on-month in December, data showed Tuesday, as the manufacturing sector remained sluggish amid weak exports.Industrial production decreased at the widest margin in 32 mont
• (URGENT) Industrial output down 1.6 pct in Dec., up 3.3 pct in 2022

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• Top headlines in major S. Korean newspapers

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  SEOUL, Jan. 31 (Yonhap) -- The following are the top in major South Korean newspapers on Jan. 31.Korean-language dailies-- Lee Jae-myung says he will appear for 2nd round of questioning, prosecution set on seeking arrest warrant (Kyunghyang Shinmun)
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  Financial regulator vows to make local markets more friendly to foreign investors

  SEOUL, Jan. 30 (Yonhap) -- South Korea's financial regulator said Monday it will beef up efforts to revamp the country's capital market regulations in a way that helps them live up to "global standards" and enhances the protection
• Tamulmultimedia to raise 20 bln won via stock sale

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  SEOUL, Jan. 30 (Yonhap) -- Tamulmultimedia Co.on Monday announced that it will sell stock to raise 20 billion won (US$16.3 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory fi
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  POSCO Chemical signs US$33 bln deal to supply cathode materials to Samsung SDI

  By Kim Seung-yeon SEOUL, Jan. 30 (Yonhap) -- POSCO Chemical Co. said Monday it has signed a largest-ever long-term contract to supply a key component used in electric vehicle (EV) battery cells to Samsung SDI Co. POSCO Chemical will supply high-nicke
• BOK to sell 11 tln won worth of monetary stabilization bonds in Feb.

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  SEOUL, Jan. 30 (Yonhap) -- South Korea's central bank said Monday it will sell 11 trillion won (US$8.96 billion) worth of monetary stabilization bonds (MSBs) in February.The amount is 1 trillion won larger than the MSB sale planned for this month
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  (LEAD) Banks return to pre-pandemic working hours amid eased virus curbs

  (ATTN: ADDS financial union's stance in last 3 paras)SEOUL, Jan. 30 (Yonhap) -- Banks in South Korea returned to their pre-pandemic operation hours for the first time in about 1 1/2 years Monday in line with the government's eased virus curbs
• GS Engineering & Construction 2022 net profit up 2.6 pct to 439.9 bln won

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  SEOUL, Jan. 30 (Yonhap) -- GS Engineering & Construction Corp. on Monday reported its 2022 net profit of 439.9 billion won (US$358.2 million), up 2.6 percent from a year earlier.Operating profit for the year was 554.6 billion won, down 14.2 percent f