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S. Korea to launch economic security center in March

SEOUL, Jan. 30 (Yonhap) -- South Korea's foreign ministry will open an economic security center in March to help ensure stable supply chains of strategically vital goods and draft diplomatic strategies for emerging trade issues, according to Seou
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(3rd LD) S. Korea's new COVID-19 cases top 17,500 as omicron rages

(ATTN: UPDATES with more info in para 6) SEOUL, Jan. 29 (Yonhap) -- South Korea's daily COVID-19 cases reached yet another record high Saturday, driven by a rapid spread of the highly transmissible omicron variant, with a new nationwide virus res
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(2nd LD) S. Korea's new COVID-19 cases top 17,500 as omicron rages

(ATTN: UPDATES with more info in paras 6-7) SEOUL, Jan. 29 (Yonhap) -- South Korea's daily COVID-19 cases reached yet another record high Saturday, driven by a rapid spread of the highly transmissible omicron variant, with a new nationwide virus
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(LEAD) S. Korea's new COVID-19 cases top 17,500 as omicron rages

(ATTN: ADDS details in last 3 paras, new photo) SEOUL, Jan. 29 (Yonhap) -- South Korea's daily COVID-19 cases reached yet another record high Saturday, driven by a rapid spread of the highly transmissible omicron variant, with a new nationwide vi
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S. Korea's new COVID-19 cases top 17,500 as omicron rages

SEOUL, Jan. 29 (Yonhap) -- South Korea's daily COVID-19 cases reached yet another record high Saturday, driven by a rapid spread of the highly transmissible omicron variant, with a new nationwide virus response system coming into force. The count
(URGENT) S. Korea reports 34 COVID-19 deaths, total at 6,712

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(URGENT) S. Korea's new COVID-19 cases hit record high of 17,542

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Hotel Shilla shifts to profit in Q4

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SEOUL, Jan. 28 (Yonhap) -- Hotel Shilla Co. on Friday reported its fourth-quarter net income of 17.7 billion won (US$14.7 million), turning from a loss of 113.6 billion won a year earlier.Operating profit for the October-December period was 25 billio
Hotel Shilla swings to black in 2021

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SEOUL, Jan. 28 (Yonhap) -- Hotel Shilla Co. on Friday reported its 2021 net income of 27.1 billion won (US$22.4 million), swinging from a loss of 283.3 billion won a year earlier.Operating profit for the year was 118.8 billion, compared with a loss o
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(LEAD) POSCO to create holding firm in March

(ATTN: RECASTS headline, lead; UPDATES figures in last 3 paras)SEOUL, Jan. 28 (Yonhap) -- Shareholders of POSCO, South Korea's top steelmaker, said Friday that the company will create a holding company following the approval of its plan to transf
POSCO posts 7.2 tln won Q4 net profit.

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SEOUL, Jan. 28 (Yonhap) -- POSCO on Friday reported its fourth-quarter net profit of 7.2 trillion won (US$6 billion).The company said in a regulatory filing that it posted an operating profit of 9.19 trillion won for the October-December period. Reve
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Cigarette sales in S. Korea stay flat in 2021 on-year amid pandemic

SEOUL, Jan. 28 (Yonhap) -- Sales of cigarettes in South Korea almost remained unchanged last year from a year earlier, but demand for electronic cigarettes rose amid the protracted pandemic, the finance ministry said Friday.South Korean smokers purch
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(3rd LD) SK Innovation shifts to black in Q4 on strong petrochem, EV battery sales

(ATTN: ADDS closing share price at bottom)SEOUL, Jan. 28 (Yonhap) -- SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday it swung to the black in the fourth quarter from a year earlier on strong pet
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Bank mortgage rates hit highest in 7 1/2 years in December

SEOUL, Jan. 28 (Yonhap) -- South Korean banks' mortgage rates hit the highest level in about 7 1/2 years in December amid rising borrowing costs, central bank data showed Friday.Banks' mortgage loan rate averaged 3.63 percent a year in Decemb
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(2nd LD) SK Innovation shifts to black in Q4 on strong petrochem, EV battery sales

(ATTN: ADDS remarks from conference call in paras 7, 9-13)SEOUL, Jan. 28 (Yonhap) -- SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday it swung to the black in the fourth quarter from a year earli
LX International 2021 net profit up 49.4 pct to 540.3 bln won

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SEOUL, Jan. 28 (Yonhap) -- LX International Corp. on Friday reported its 2021 net profit of 540.3 billion won (US$448.3 million), up 49.4 percent from a year earlier.The company said in a regulatory filing that operating income for the year rose 310.
LX International Q4 net income up 434.1 pct to 153.3 bln won

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SEOUL, Jan. 28 (Yonhap) -- LX International Corp. on Friday reported its fourth-quarter net income of 153.3 billion won (US$127.2 million), up 434.1 percent from a year earlier.The company said in a regulatory filing that it posted 207.6 billion won
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(LEAD) LG Uplus turns to black in Q4 on 5G user growth, logs record annual operating profit

(ATTN: UPDATES with more details throughout; ADDS photo)By Yi WonjuSEOUL, Jan. 28 (Yonhap) -- LG Uplus Corp., South Korea's third-largest mobile carrier, said Friday it shifted to black in the fourth quarter from a year earlier on the back of gro
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Inflationary pressure could further rise on Russia-Ukraine tension: official

SEOUL, Jan. 28 (Yonhap) -- South Korea's consumer prices could be further under upward pressure as oil prices have spiked amid increased geopolitical tensions between Russia and Ukraine, a senior government official said Friday.The government wil
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(LEAD) Samsung Card logs 169.1 pct rise in Q4 net on rebounding spending

(ATTN: RECASTS headline, first 2 paras; ADDS info, photo) SEOUL, Jan. 28 (Yonhap) -- Samsung Card Co., a major South Korean card issuer, on Friday reported a 169.1 percent rise in its fourth-quarter earnings as consumption rebounded from a pandemic-c