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• GS Engineering & Construction swings to red in Q4

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  SEOUL, Jan. 30 (Yonhap) -- GS Engineering & Construction Corp. on Monday reported a fourth-quarter net loss of 55.5 billion won (US$45.2 million), swinging from a profit of 75.6 billion won a year earlier.Operating income for the October-December per
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  Banks return to pre-pandemic working hours amid eased virus curbs

  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 despite their labor unions' protest.First-tier banks
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  S. Korea, Western Australia agree to boost ties on energy, key minerals

  SEOUL, Jan. 30 (Yonhap) -- South Korea and Western Australia agreed Monday to strengthen their cooperation on key minerals, hydrogen and other energy fields, Seoul's industry ministry said.South Korea's Industry Minister Lee Chang-yang and Pr
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  SME biz confidence drops for 4th month for Feb.: poll

  SEOUL, Jan. 30 (Yonhap) -- South Korean smaller firms' business outlook fell for the fourth straight month for February amid a slowing economy, a poll showed Monday.The survey of 3,150 small and medium-sized enterprises (SMEs) showed the small bu
• Hyundai Glovis 2022 net income jumps 52.3 pct to 1.19 tln won

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  SEOUL, Jan. 30 (Yonhap) -- Hyundai Glovis Co. on Monday reported its 2022 net income of 1.19 trillion won (US$971.7 million), up 52.3 percent from a year earlier.The company said in a regulatory filing that operating profit for the year rose 59.7 per
• Hyundai Glovis Q4 net income rises 40.4 pct to 359.6 bln won

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  SEOUL, Jan. 30 (Yonhap) -- Hyundai Glovis Co. on Monday reported its fourth-quarter net income of 359.6 billion won (US$292.9 million), up 40.4 percent from a year earlier.The company said in a regulatory filing that operating profit for the October-
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  Population mobility drops most in nearly 50 years on housing market slump

  By Kang Yoon-seungSEOUL, Jan. 30 (Yonhap) -- The number of South Koreans who moved to different residences in the country decreased by the widest margin in nearly 50 years, data showed Monday, due mainly to the falling number of houses traded amid so
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  (LEAD) 43 public institutes excluded from finance ministry's surveillance

  (ATTN: UPDATES throughout with gov't report)By Kang Yoon-seungSEOUL, Jan. 30 (Yonhap) -- South Korea's finance ministry said Monday it has removed 43 state-run organizations from its list of surveillance in line with efforts to give them more
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  KT&G, PMI extend partnership for e-cigarette presence in global markets

  SEOUL, Jan. 30 (Yonhap) -- KT&G Corp., South Korea's dominant tobacco company, said Monday it has extended its partnership with Philip Morris International Inc. (PMI) to strengthen its presence in global e-cigarette markets. KT&G and PMI have sig
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  Auto exports up 16.4 pct to all-time high in 2022: data

  SEOUL, Jan. 30 (Yonhap) -- South Korea's auto exports jumped 16.4 percent on-year in 2022 to a record high on the back of the popularity of local brands in the global market and growing demand for eco-friendly vehicles, the industry ministry said
• Hyundai-Rotem 2022 net income up 278.4 pct to 194.5 bln won

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  SEOUL, Jan. 30 (Yonhap) -- Hyundai-Rotem Co. on Monday reported its 2022 net income of 194.5 billion won (US$158.4 million), up 278.4 percent from a year earlier.The company said in a regulatory filing that it posted 147.5 billion won in operating pr
• Hyundai-Rotem Q4 net profit up 380.1 pct to 123.2 bln won

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  SEOUL, Jan. 30 (Yonhap) -- Hyundai-Rotem Co. on Monday reported its fourth-quarter net income of 123.2 billion won (US$100.3 million), up 380.1 percent from a year earlier.The company said in a regulatory filing that operating income for the October-
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  GM to launch Trax Crossover, Cadillac EV in S. Korea this year

  SEOUL, Jan. 30 (Yonhap) -- General Motors Co. said Monday it will launch the all-new global product Trax Crossover in South Korea and a Cadillac electric vehicle (EV) this year, a move that underscores its commitment to the Korea market. GM plans to
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  Exports from free trade zones hit all-time high in 2022: data

  SEOUL, Jan. 30 (Yonhap) -- Exports from South Korea's free trade zones grew 34.4 percent on-year to hit an all-time high last year, the industry ministry said Monday.Outbound shipments from the districts came to US$14.7 billion, compared with $10
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  (LEAD) Samsung SDI posts record profit in 2022 on strong EV battery demand

  (ATTN: UPDATES with more details throughout; ADDS photo, byline; COMBINES earlier story slugged 'Samsung SDI-Q4 earnings') By Kim Seung-yeon SEOUL, Jan. 30 (Yonhap) -- South Korean battery maker Samsung SDI Co. said Monday it posted record-hi
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  43 public institutes to be excluded from finance ministry's surveillance

  By Kang Yoon-seungSEOUL, Jan. 30 (Yonhap) -- South Korea's finance ministry said Monday it plans to remove 43 state-run organizations from its list of surveillance in line with efforts to give them more leeway.The move came after the government d
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  Tax revenue up 15 pct in 2022

  By Kang Yoon-seungSEOUL, Jan. 30 (Yonhap) -- South Korea's tax revenue rose 51.9 trillion won (US$42 billion) in 2022 from a year earlier on the back of an increased collection of corporate income taxes, coupled with revitalized consumption, the
• Samsung SDI 2022 net profit up 63.1 pct to 2.03 tln won

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  SEOUL, Jan. 30 (Yonhap) -- Samsung SDI Co. on Monday reported its 2022 net income of 2.03 trillion won (US$1.7 billion), up 63.1 percent from a year earlier.The company said in a regulatory filing that it posted 1.8 trillion won in operating profit f
• Samsung SDI Q4 net profit up 60.6 pct to 629.2 bln won

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  SEOUL, Jan. 30 (Yonhap) -- Samsung SDI Co. on Monday reported its fourth-quarter net profit of 629.2 billion won (US$511.4 million), up 60.6 percent from a year earlier.The company said in a regulatory filing that operating profit for the October-Dec
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  Exports of passenger cars hit record high in 2022

  By Kang Yoon-seungSEOUL, Jan. 30 (Yonhap) -- South Korea's exports of passenger cars rose 15 percent on-year in 2022 to reach a record high, data showed Monday, on the back of robust shipments of eco-friendly models.Carmakers shipped passenger ca