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• (EDITORIAL from Korea Herald on Jan. 30)

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  Fixing pension crisisDrastic reforms, realistic projections needed to prevent depletion of state pension fundSouth Korea's national pension is on track to be depleted by 2055, unless drastic and painful reforms are taken by the government. The qu
• Top headlines in major S. Korean newspapers

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  SEOUL, Jan. 30 (Yonhap) -- The following are the top in major South Korean newspapers on Jan. 30.Korean-language dailies-- Prosecution forecast to seek arrest warrant for Lee Jae-myung (Kyunghyang Shinmun)-- Prosecution to seek arrest warrant for Le
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  SK E&S installs EV chargers in Texas airport under ties with Avis

  SEOUL, Jan. 29 (Yonhap) -- SK E&S Co., an energy unit of SK Group, said Sunday its U.S. affiliate has launched an electric vehicle (EV) charging station at an airport in Texas under ties with a major U.S. car rental firm.EverCharge Inc., a California
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  S. Korean oil refiners' exports hit fresh high in 2022

  SEOUL, Jan. 29 (Yonhap) -- South Korean oil refiners' exports hit a record-high level in 2022, data showed Sunday, on the back of soaring global energy prices amid the protracted war between Russia and Ukraine.The combined exports of local oil re
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  S. Korea's imports of wine up 3.8 pct in 2022

  SEOUL, Jan. 29 (Yonhap) -- South Korea's imports of wine rose 3.8 percent in 2022 from a year earlier, data showed Sunday, as more people enjoyed consuming alcoholic beverages at home amid the COVID-19 pandemic.The total value of wine imported by
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  Nat'l pension anticipated to be fully drained in 2055: NPS

  SEOUL, Jan. 27 (Yonhap) -- South Korea's state pension operator said Friday its fund is anticipated to be depleted in 2055 should the country maintain the current system amid the critically low birth rates and the aging population.The fund is als
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  (2nd LD) LG Electronics Q4 operating profit collapses on slumping demand, rising cost

  (ATTN: ADDS 2nd photo, more details in last 4 paras)SEOUL, Jan. 27 (Yonhap) -- LG Electronics Inc. said Friday its operating profit for the fourth quarter nosedived more than 90 percent on a drop in demand for home appliances and rising promotion cos
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  (LEAD) Samsung Biologics 2022 net income more than doubles

  (ATTN: UPDATES throughout with details)SEOUL, Jan. 27 (Yonhap) -- Samsung Biologics Co., the biotech arm of South Korea's Samsung Group, said Friday its 2022 net income more than doubled on strong overseas sales of its biomedicine products after
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  (3rd LD) Kia Q4 net jumps 63 pct on improved chip supplies, SUV demand

  (ATTN: ADDS stock price in para 7, 1st photo)SEOUL, Jan. 27 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Friday its fourth-quarter net profit soared 63 percent from a year earlier on improved chip supplies, strong demand for
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  (3rd LD) LG Display extends quarterly operating losses on falling sales

  (ATTN: ADDS details in paras 13-14, stock price at bottom)SEOUL, Jan. 27 (Yonhap) -- LG Display Co. reported its third consecutive quarterly loss Friday on weak demand for its panel products and falling prices.The major panel maker reported an operat
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  POSCO Holdings 2022 net halves on typhoon damage, downturn

  SEOUL, Jan. 27 (Yonhap) -- POSCO Holdings Inc. on Friday said its net profit halved last year from a year earlier largely due to a typhoon in September and an industry downturn.Net profit reached 3.6 trillion won (US$2.92 billion) on a consolidated b
• Hotel Shilla turns to loss in 2022

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  SEOUL, Jan. 27 (Yonhap) -- Hotel Shilla Co. on Friday reported its 2022 net loss of 50.2 billion won (US$40.7 million), swinging from a profit of 27.1 billion won a year earlier.The company said in a regulatory filing that operating profit for the ye
• Hotel Shilla shifts to loss in Q4

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  SEOUL, Jan. 27 (Yonhap) -- Hotel Shilla Co. on Friday reported its fourth-quarter net loss of 81 billion won (US$65.8 million), shifting from a profit of 17.7 billion won a year earlier.The company said in a regulatory filing that it posted an operat
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  (LEAD) LG Electronics Q4 operating profit collapses on slumping demand, rising cost

  (ATTN: RECASTS throughout with details; ADDS photo; CHANGES headline)SEOUL, Jan. 27 (Yonhap) -- LG Electronics Inc. said Friday its operating profit for the fourth quarter nosedived more than 90 percent on a drop in demand for home appliances and ris
• (2nd LD) POSCO International operating profit up 49 pct in 2022

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  (ATTN: ADDS closing share price at bottom)SEOUL, Jan. 27 (Yonhap) -- POSCO International Corp., the trading arm of South Korean steel giant POSCO Holdings Co., said Friday it posted record profit in 2022, buoyed by solid sales in commodities trading
• Samsung Biologics 2022 net income up 102.8 pct to 798.1 bln won

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  SEOUL, Jan. 27 (Yonhap) -- Samsung Biologics Co. on Friday reported its 2022 net income of 798.1 billion won (US$648.1 million), up 102.8 percent from a year earlier.The company said in a regulatory filing that operating profit for the year rose 83.1
• Samsung Biologics Q4 net income up 366.4 pct to 369.9 bln won

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  SEOUL, Jan. 27 (Yonhap) -- Samsung Biologics Co. on Friday reported its fourth-quarter net profit of 369.9 billion won (US$300.4 million), up 366.4 percent from a year earlier.The company said in a regulatory filing that it posted 312.8 billion won i
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  (3rd LD) LG Energy Solution targets 30 pct sales growth in 2023

  (ATTN: ADDS more details in paras 10-11, closing share price at bottom)By Kim Seung-yeonSEOUL, Jan. 27 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday it is aiming for a revenue target increase in the range of 25-30 percent for 2023 from last
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  (2nd LD) POSCO Chemical's 2022 operating income at record high on robust EV battery components demand

  (ATTN: ADDS closing share price at bottom)SEOUL, Jan. 27 (Yonhap) -- POSCO Chemical Co., a major South Korean manufacturer of secondary battery materials, said Friday it posted record-high operating profit last year, boosted by solid demand for elect
• (LEAD) POSCO International operating profit up 49 pct in 2022

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  (ATTN: UPDATES throughout with details)SEOUL, Jan. 27 (Yonhap) -- POSCO International Corp., the trading arm of South Korean steel giant POSCO Holdings Co., said it posted record profit in 2022, buoyed by solid sales in commodities trading and energy