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Hybe Q4 net income up 106.1 pct. to 53.8 bln won

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SEOUL, Feb. 22 (Yonhap) -- Hybe Co. on Tuesday reported fourth-quarter net income of 53.8 billion won (US$45.1 million), up 106.1 percent from a year earlier.The company said in a regulatory filing that it posted 73.9 billion won in operating profit
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Hyundai Motor temporarily shuts down key Chinese plant amid sluggish sales

SEOUL, Feb. 22 (Yonhap) -- Hyundai Motor Co., South Korea's top automaker, has temporarily shut down its key plant in southwestern China, the company said Tuesday, amid sluggish sales in one of the world's largest markets.The factory in the s
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(LEAD) S. Korean regulator gives conditional approval to Korean Air-Asiana merger

(ATTN: UPDATES with more details in paras 6, 8, 9, 16; ADDS photo)SEOUL, Feb. 22 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to conditionally approve a deal by Korean Air Lines Co., the country's biggest carrier,
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S. Korea, Indonesia agree to cooperate in supply chains of minerals, electric cars

SEOUL, Feb. 22 (Yonhap) -- South Korea and Indonesia agreed Tuesday to boost bilateral cooperation in supply chains of key minerals and the electric car sector, Seoul's industry ministry said.The two sides signed a total of five memorandums of un
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BOK to beef up monitoring of economic fallout from Ukraine crisis

SEOUL, Feb. 22 (Yonhap) -- South Korea's central bank said Tuesday that it will closely monitor the development of escalating tensions in Ukraine on concerns that the geopolitical risk could increase market volatility and negatively affect the do
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S. Korean regulator gives conditional approval to Korean Air-Asiana merger

SEOUL, Feb. 22 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to conditionally approve a deal by Korean Air Lines Co., the country's biggest carrier, to buy the debt-ridden Asiana Airlines Inc.The Fair Trade Commiss
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Household debt hits fresh high in Q4, but growth slows

SEOUL, Feb. 22 (Yonhap) -- South Korea's household debt reached a fresh high in the fourth quarter of last year, but it grew at a slower pace from the three months earlier amid tightened lending rules, central bank data showed Tuesday.Household c
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LG's OLED TV shipments double in 2021: report

SEOUL, Feb. 22 (Yonhap) -- LG Electronics Inc. shipped more than four million units of premium OLED TVs last year, double the volume from a year earlier, on steady demand for premium TVs, a report showed Tuesday.The South Korean consumer electronics
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Instant noodles rank 1st in food output in 2020 amid pandemic

SEOUL, Feb. 22 (Yonhap) -- Instant noodles captured the top spot in production among food products in South Korea in 2020 on a surge in exports amid the coronavirus pandemic, data showed Tuesday.The output of instant noodles, or "ramyeon"
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Biz sentiment improves for March on eased anti-pandemic rules abroad: poll

SEOUL, Feb. 22 (Yonhap) -- South Korea's business sentiment improved for March to exceed the benchmark level for the first time in three months amid relaxed anti-coronavirus measures in major economies, a poll showed Tuesday.The business survey i
Top headlines in major S. Korean newspapers

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SEOUL, Feb. 22 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 22.Korean-language dailies-- Heated exchanges between presidential candidates over Daejang-dong scandal (Kyunghyang Shinmun)-- Presidential candidates clas
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Consumer sentiment worsens in Feb. over virus resurgence

SEOUL, Feb. 22 (Yonhap) -- South Korea's consumer sentiment worsened in February as the highly contagious COVID-19 omicron variant has triggered an unprecedented wave of infections, central bank data showed Tuesday.The composite consumer sentimen
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Yoon vows to scrap nuclear phase-out policy

SEOUL, Feb. 21 (Yonhap) -- Main opposition presidential candidate Yoon Suk-yeol on Monday vowed to scrap the current Moon Jae-in government's nuclear phase-out policy, saying he will make South Korea a powerhouse in nuclear power generation. &qu
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Korea Shipbuilding wins LNG carrier worth 260 bln won

SEOUL, Feb. 21 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it has received an order for a liquefied natural gas (LNG) carrier worth 260 billion won (US$217 million).A 174,000-cubit meter LNG carrier will be constructe
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Foreign currency deposits dip for 2nd month in Jan.

SEOUL, Feb. 21 (Yonhap) -- Foreign currency deposits at banks in South Korea dropped for the second straight month in January due mainly to decreased corporate deposits, central bank data showed Monday.Residents' outstanding foreign currency-deno
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Monthly salary of wage workers up 3.6 pct in 2020

SEOUL, Feb. 21 (Yonhap) -- The average monthly salary of wage earners rose 3.6 percent on-year in 2020 from a year earlier despite the COVID-19 pandemic, a government report showed Monday.South Korean wage workers earned a monthly average of 3.2 mill
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S. Korea to step up quarantine efforts against animal diseases

SEOUL, Feb. 21 (Yonhap) -- South Korea said Monday it plans to step up the monitoring of local farms and implement stronger quarantine steps to curb the spread of African swine fever (ASF) and highly pathogenic avian influenza (AI).The country has re
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LG Energy Solution names senior Nvidia data scientist as new chief digital officer

SEOUL, Feb. 21 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Monday it has named a senior data scientist at U.S. graphics chip giant Nvidia Corp. as its new chief digital officer (CDO), a move seen as intended at advancing its digital transformatio
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Court rules in favor of GM Korea seeking cancellation of gov't order to return subsidy

SEOUL, Feb. 21 (Yonhap) -- A court has ruled in favor of GM Korea Co., the South Korean unit of General Motors Co., in a lawsuit filed against the government's decision to retrieve its subsidy provided for a facility the carmaker disposed of in 2
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(LEAD) Exports rise 13 pct in first 20 days of Feb.

(ATTN: ADDS more details from para 3)SEOUL, Feb. 21 (Yonhap) -- South Korea's exports grew 13.1 percent on-year in the first 20 days of February on the back of demand for chips and petroleum products, customs data showed Monday.The country's