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S. Korea to mull extending fuel tax cuts amid high oil prices: finance chief

SEOUL, Feb. 23 (Yonhap) -- South Korea plans to extend fuel tax cuts if energy prices remain high through next month in a move to help curb consumer inflation, Finance Minister Hong Nam-ki said Wednesday.In November last year, the government cut fuel
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(LEAD) Hyundai Motor's executive Luc Donckerwolke picked as 2022 World Car Person of the Year

(ATTN: CHANGES photo)SEOUL, Feb. 23 (Yonhap) -- The World Car Awards has chosen Luc Donckerwolke, Hyundai Motor Group's executive vice president for design and chief creative officer, as the 2022 World Car Person of the Year, the group said Wedne
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Samsung Heavy wins 1 tln-won LNG ship order from Africa

SEOUL, Feb. 23 (Yonhap) -- Samsung Heavy Industries Co. said Wednesday it has received a 1 trillion-won (US$840 million) order to build four liquefied natural gas carriers for an African shipper. Under the deal, Samsung Heavy will deliver the four en
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S. Korea's overseas financial assets hit all-time high in 2021

SEOUL, Feb. 23 (Yonhap) -- South Korea's overseas financial assets reached an all-time high last year on the back of increased stock investments and investment returns, central bank data showed Wednesday.The country's external financial asset
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Population mobility dips for 13th month in Jan.

SEOUL, Feb. 23 (Yonhap) -- The number of South Koreans who moved to different residences in the country dropped for the 13th consecutive month in January on fewer housing transactions, government data showed Wednesday.The number of people who changed
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S. Korea's total fertility rate hits record low last year

SEOUL, Feb. 23 (Yonhap) -- South Korea's total fertility rate hit a record low last year as the number of childbirths continued to fall, data showed Wednesday, underlining the country's bleak demographic situation.The country's total fert
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Hyundai Motor's executive Luc Donckerwolke picked as 2022 World Car Person of the Year

SEOUL, Feb. 23 (Yonhap) -- The World Car Awards has chosen Luc Donckerwolke, Hyundai Motor Group's executive vice president for design and chief creative officer, as the 2022 World Car Person of the Year, the group said Wednesday. Donckerwolke, a
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(LEAD) LG Electronics to close solar panel biz amid uncertainties

(ATTN: UPDATES with more details in last 7 paras)SEOUL, Feb. 23 (Yonhap) -- LG Electronics Inc. said Wednesday that it decided to discontinue its solar panel business due to rising costs and fierce competition.The decision came "as uncertaintie
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LG Electronics to close solar panel biz amid uncertainties

SEOUL, Feb. 23 (Yonhap) -- LG Electronics Inc. said Wednesday that it decided to discontinue its solar panel business due to rising costs and fierce competition.The decision came "as uncertainties in the global solar panel business continue to
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S. Korea remains wary of negative economic fallout of Ukraine crisis

SEOUL, Feb. 23 (Yonhap) -- South Korea said Wednesday the Ukraine crisis has had limited impacts on the domestic economy, but it will remain vigilant against the possibility that a deterioration of the situation could disrupt energy supplies and incr
(URGENT) LG Electronics decides to withdraw from solar panel biz

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Housing prices on downward trend after peak: finance minister

SEOUL, Feb. 23 (Yonhap) -- South Korea's finance minister said Wednesday the country's housing prices are on a downward trend after being stabilized amid the central bank's rate hikes and tighter lending rules.Minister Hong Nam-ki said th
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Business sentiment rises for March but stays below par

SEOUL, Feb. 23 (Yonhap) -- South Korean's business sentiment improved slightly for March but remained below par amid the fast spread of the COVID-19 omicron variant, a central bank poll showed Wednesday.The business sentiment index (BSI) for loca
Top headlines in major S. Korean newspapers

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SEOUL, Feb. 23 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 23.Korean-language dailies-- Russia sends troops; Ukraine war on hair trigger (Kyunghyang Shinmun)-- Russia sends troops into pro-Moscow regions; blood-red
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(LEAD) Hybe tops 1 tln won in annual sales, first in K-pop industry

(ATTN: UPDATES headline and first 10 paras with more info; ADDS photo)SEOUL, Feb. 22 (Yonhap) -- Hybe has become the first K-pop management agency to surpass 1 trillion won (US$838 million) in annual sales, boosted by successes of its artists led by
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Hyundai Mobis to invest up to 8 tln won on auto chips, UAM, robotics

SEOUL, Feb. 22 (Yonhap) -- Hyundai Mobis Co., the auto parts making unit of Hyundai Motor Group, plans to spend up to 8 trillion won (US$6.72 billion) in the next three years to bolster auto chips, mobility and other areas as its future growth driver
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(LEAD) S. Korea to beef up monitoring of economic fallout from Ukraine crisis

(ATTN: RECASTS headline, lead; REWRITES with more details throughout)SEOUL, Feb. 22 (Yonhap) -- South Korea will closely monitor the escalating tensions in Ukraine on concerns it could increase market volatility and negatively affect the domestic eco
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CJ Logistics' labor conflict escalates as courier union disrupts shipment operations

SEOUL, Feb. 22 (Yonhap) -- Shipment operations at a key terminal of CJ Logistics Co., South Korea's No. 1 parcel delivery firm, were disrupted by unionized workers on Tuesday, as a prolonged dispute between the company and its striking workers en
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POSCO to expand LNG storage tanks in S. Korea

SEOUL, Feb. 22 (Yonhap) -- POSCO Group, South Korea's top steelmaking group, said Tuesday it plans to spend 750 billion won (US$627 million) in expanding LNG storage tanks in the country.Along with its energy affiliate POSCO Energy Co., POSCO wil
Hybe's 2021 net profit up 61.9 pct to 141 bln won

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SEOUL, Feb. 22 (Yonhap) -- Hybe Co. on Tuesday reported a net profit of 141 billion won (US$118.2 million) in 2021, up 61.9 percent from a year earlier.The company said in a regulatory filing that operating income for the year rose 30.8 percent on-ye