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• LG Energy Solution Q4 net income up 283.8 pct to 275.6 bln won

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  SEOUL, Jan. 27 (Yonhap) -- LG Energy Solution Ltd. on Friday reported its fourth-quarter net income of 275.6 billion won (US$224.3 million), up 283.8 percent from a year earlier.The company said in a regulatory filing that operating profit for the Oc
• LG Energy Solution 2022 net profit down 16.1 pct to 779.8 bln won

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  SEOUL, Jan. 27 (Yonhap) -- LG Energy Solution Ltd. on Friday reported its 2022 net income of 779.8 billion won (US$634.7 million), down 16.1 percent from a year earlier.The company said in a regulatory filing that it posted 1.21 trillion won in opera
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  (2nd LD) LG Display extends quarterly operating losses on falling sales

  (ATTN: ADDS 2nd photo, more details in last 8 paras)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 operating lo
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  Hyundai, Kia sued in Seattle for lack of anti-theft technology

  SEOUL, Jan. 27 (Yonhap) -- A Seattle City attorney has filed a lawsuit against Hyundai Motor Co. and its affiliate Kia Corp. for the lack of anti-theft technology in some of their models, the carmakers said Friday. In the suit filed in the federal co
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  SK On to open IT center in Georgia

  SEOUL, Jan. 27 (Yonhap) -- South Korean battery maker SK On Co. is set to open an IT facility in the U.S. state of Georgia later this month, according to Georgia governor's office Friday, as part of its major investment in the region that include
• Hyundai Mobis 2022 net income up 5.3 pct to 2.48 tln won

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  SEOUL, Jan. 27 (Yonhap) -- Hyundai Mobis Co. on Friday reported its 2022 net income of 2.48 trillion won (US$2 billion), up 5.3 percent from a year earlier.The company said in a regulatory filing that it posted 2.02 trillion won in operating profit f
• Hyundai Mobis Q4 net profit up 14.9 pct to 636.6 bln won

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  SEOUL, Jan. 27 (Yonhap) -- Hyundai Mobis Co. on Friday reported its fourth-quarter net income of 636.6 billion won (US$517.3 million), up 14.9 percent from a year earlier.The company said in a regulatory filing that operating income for the October-D
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  (LEAD) LG Display extends quarterly operating losses on falling sales

  (ATTN: RECASTS throughout with details; ADDS photo; CHANGES headline)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 reporte
• LG Display shifts to loss in Q4

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  SEOUL, Jan. 27 (Yonhap) -- LG Display Co. on Friday reported its fourth-quarter net loss of 2.09 trillion won (US$1.7 billion), swinging from a profit of 179.5 billion won a year earlier.The company said in a regulatory filing that it posted an opera
• LG Display turns to red in 2022

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  SEOUL, Jan. 27 (Yonhap) -- LG Display Co. on Friday reported its 2022 net loss of 3.19 trillion won (US$2.6 billion), swinging from a profit of 1.33 trillion won a year earlier.The company said in a regulatory filing that it posted an operating loss
• Biz outlook worsens for Feb. amid recession woes

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  SEOUL, Jan. 27 (Yonhap) -- South Korea's business sentiment worsened for February as worries over high inflation, monetary tightening and an economic slump weighed on sentiment, a central bank poll showed Friday.Local companies' business sent
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  KT&G aims to earn half of sales from overseas in 2027

  SEOUL, Jan. 26 (Yonhap) -- KT&G Corp., South Korea's dominant tobacco company, said Thursday it aims to earn over half of its sales from overseas businesses in 2027 as part of its expansion strategy.KT&G aims to achieve sales of 10 trillion won (
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  Incheon-bound Jeju Air plane returns to Hokkaido airport due to engine noise

  SEOUL, Jan. 26 (Yonhap) -- An airplane belonging to Jeju Air Co., South Korea's biggest low-cost carrier, returned to the airport that it had departed from in Hokkaido, Japan, due to an unusual noise from its engine. The Boeing 737-800 carrying 1
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  (2nd LD) Hyundai Q4 net more than doubles on improved chip supplies, SUV demand

  (ATTN: UPDATES throughout with details) SEOUL, Jan. 26 (Yonhap) -- Hyundai Motor Co. said Thursday its fourth-quarter net profit more than doubled from a year earlier on improved chip supplies, strong demand for its high-end SUVs and a weak won.Net p
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  S. Korea not considering 'windfall tax' on energy firms

  By Kang Yoon-seungSEJONG, Jan. 26 (Yonhap) -- South Korea's finance minister said Thursday the country is not considering the so-called windfall tax on energy companies, as local refiners have different business structures compared with European
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  FSS chief warns of stern action against opposition to normalizing banks' biz hours

  SEOUL, Jan. 26 (Yonhap) -- A financial regulator chief on Thursday warned of stern action against labor unions opposing banks' plan to "normalize" their pandemic-caused shortened operation hours as the government is set to lift the in
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  (LEAD) Hyundai Q4 net more than doubles on improved chip supplies, SUV demand

  (ATTN: RECASTS throughout; ADDS photo) SEOUL, Jan. 26 (Yonhap) -- Hyundai Motor Co. said Thursday its fourth-quarter net profit more than doubled from a year earlier on improved chip supplies and robust sales of its SUV models. Net profit for the thr
• Hyundai Motor 2022 net up 40.2 pct to 7.98 tln won

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  SEOUL, Jan. 26 (Yonhap) -- Hyundai Motor Co on Thursday reported its 2022 net profit of 7.98 trillion won (US$6.5 billion), up 40.2 percent from a year earlier.Operating income for the year was 9.81 trillion won, up 47 percent on-year, the company sa
• Hyundai Motor Q4 net up 143.8 pct to 1.7 tln won

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  SEOUL, Jan. 26 (Yonhap) -- Hyundai Motor Co on Thursday reported its fourth-quarter net profit of 1.7 trillion won (US$1.4 billion), up 143.8 percent from a year earlier.Operating income for the October-December period was 3.35 trillion won, up 119.6
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  Lotte Duty Free wins bid to operate in Melbourne Airport

  SEOUL, Jan. 26 (Yonhap) -- Lotte Duty Free, the travel retailer of Hotel Lotte Co., has won a concession to operate a duty-free store at Australia's Melbourne Airport, company officials said Thursday, as the company prepares for a boom in interna