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• LG Innotek 2022 net income up 10.3 pct to 979.8 bln won

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  SEOUL, Jan. 25 (Yonhap) -- LG Innotek Co. on Wednesday reported its 2022 net profit of 979.8 billion won (US$795.5 million), up 10.3 percent from a year earlier.The company said in a regulatory filing that it posted 1.27 trillion won in operating pro
• LG Innotek Q4 net income down 22.3 pct to 203.9 bln won

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  SEOUL, Jan. 25 (Yonhap) -- LG Innotek Co. on Wednesday reported its fourth-quarter net income of 203.9 billion won (US$165.6 million), down 22.3 percent from a year earlier.The company said in a regulatory filing that it posted 170 billion won in ope
• Samsung Electro-Mechanics 2022 net profit up 8.5 pct to 993.5 bln won

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  SEOUL, Jan. 25 (Yonhap) -- Samsung Electro-Mechanics Co. on Wednesday reported its 2022 net profit of 993.5 billion won (US$805.3 million), up 8.5 percent from a year earlier.Operating income for the year was 1.18 trillion won, down 20.4 percent on-y
• Samsung Electro-Mechanics Q4 net income up 42.5 pct to 120.7 bln won

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  SEOUL, Jan. 25 (Yonhap) -- Samsung Electro-Mechanics Co. on Wednesday reported its fourth-quarter net income of 120.7 billion won (US$97.8 million), up 42.5 percent from a year earlier.The company said in a regulatory filing that operating income for
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  (LEAD) Foreign currency deposits hit all-time high in December on dollar savings

  (ATTN: RECASTS headline, lead, photo; ADDS info in para 3)SEOUL, Jan. 25 (Yonhap) -- Foreign currency deposits at banks in South Korea hit an all-time high in December, as corporate dollar savings increased, central bank data showed Wednesday.Residen
• Foreign currency deposits up in December on dollar savings

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  SEOUL, Jan. 25 (Yonhap) -- Foreign currency deposits at banks in South Korea grew in December, as corporate dollar savings increased, central bank data showed Wednesday.Residents' outstanding foreign currency-denominated deposits had come to US$1
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  S. Korea's kimchi imports hit new high in 2022

  SEOUL, Jan. 25 (Yonhap) -- South Korea's imports of kimchi touched an all-time high in 2022 amid galloping consumer inflation in the country, government data showed Wednesday.Inbound shipments of the spicy Korean traditional side dish came to US$
• Top headlines in major S. Korean newspapers

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  SEOUL, Jan. 25 (Yonhap) -- The following are the top in major South Korean newspapers on Jan. 25.Korean-language dailies-- Nation freezes over in cold wave (Kyunghyang Shinmun)-- 40,000 stranded in Jeju as nation freezes over in cold wave (Kookmin D
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  S. Korea to lift mandatory registration policy for foreign investors in 2023

  SEOUL, Jan. 24 (Yonhap) -- South Korea's financial regulator said Tuesday it plans to abolish the existing mandatory registration policy for foreigners investing in local stocks within this year, in line with efforts to meet global standards.The
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  Exports of S. Korea's traditional liquor soju up 13.2 pct in 2022

  SEOUL, Jan. 24 (Yonhap) -- Exports of soju, South Korea's traditional distilled liquor, increased 13.2 percent in 2022 from a year earlier, data showed Tuesday, rebounding for the first time in three years.Outbound shipments of soju reached US$93
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  Hyundai's accumulated sales of electric cars top 1 mln units

  SEOUL, Jan. 24 (Yonhap) -- South Korea's top automaker Hyundai Motor Group said Tuesday its total global sales of electric vehicles had exceeded 1 million units as of 2022, 11 years after the conglomerate entered the market.Hyundai Motor Co. and
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  S. Korea's new COVID-19 cases under 20,000 for 3rd day amid holiday

  SEOUL, Jan. 24 (Yonhap) -- South Korea reported 12,262 new COVID-19 cases Tuesday, staying below 20,000 for the third consecutive day, health authorities said, due to fewer testing over the Lunar New Year holiday.The new cases, including 31 from over
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  40 pct of conglomerates plan to reduce investment in 2023: survey

  SEOUL, Jan. 22 (Yonhap) -- More than four out of 10 South Korean conglomerates plan to cut back on their investment both at home and abroad this year amid a global economic slowdown and worsening market conditions, a survey by the state-run trade age
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  Exports fall 2.7 pct during first 20 days of January

  SEOUL, Jan. 21 (Yonhap) -- South Korea's exports fell 2.7 percent on-year in the first 20 days of January, data showed Saturday, due mainly to weak semiconductor shipments. The country's outbound shipments stood at US$33.6 billion in the Jan.
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  COVID-19 cases fall to lowest Sat. tally in 13 weeks

  SEOUL, Jan. 21 (Yonhap) -- South Korea's new COVID-19 cases fell to the lowest number for a Saturday in 13 weeks, health authorities said. The country reported 27,654 new COVID-19 infections, including 85 cases from overseas, bringing the total c
• (URGENT) S. Korea reports 27,654 new COVID-19 cases: KDCA

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  POSCO Holdings 2022 operating income nearly halves on typhoon damage, downturn

  SEOUL, Jan. 20 (Yonhap) -- POSCO Holdings Inc. on Friday said its operating income nearly halved last year from a year earlier largely due to a typhoon in September and an industry downturn.Its operating income stood at 4.9 trillion won (US$3.96 bill
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  Number of broiler chickens raised in S. Korea down 5.2 pct in Q4

  By Kang Yoon-seungSEOUL, Jan. 20 (Yonhap) -- The number of broiler chickens raised in South Korea fell 5.2 percent on-year in the fourth quarter from a year earlier, data showed Friday, amid concerns over the spread of avian influenza.South Korean fa
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  SK chief meets leaders of Serbia, Montenegro at Davos forum

  By Kim Seung-yeon SEOUL, Jan. 20 (Yonhap) -- The chief of energy-to-telecom conglomerate SK Group has met with the leaders of Serbia and Montenegro in Switzerland, and discussed ways to reinforce cooperation in such areas as global supply chains, Sou
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  KSOE wins 240.8 bln-won order for 2 LPG carriers

  SEOUL, Jan. 20 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Friday it has clinched a 240.8 billion-won (US$195 million) order to build two liquefied petroleum gas (LNG) carriers from an African shipper.KSOE said Hyundai Heavy