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SK to build new R&D center in S. Korea to bolster green biz

SEOUL, Jan. 25 (Yonhap) -- SK Group, South Korea's third-largest conglomerate, said Tuesday it is building a new research and development (R&D) center near Seoul as part of efforts to further sharpen its technological edge in eco-friendly busines
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S. Korea remains committed to nuclear phaseout scheme: energy minister

SEJONG, Jan. 25 (Yonhap) -- South Korea remains committed to its policy of phasing out nuclear power plants as part of efforts to achieve carbon neutrality, the country's energy minister said Tuesday.Moon Sung-wook, minister of trade, industry an
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(2nd LD) Hyundai Q4 net plunges 41 pct on chip shortage

(ATTN: UPDATES with details in paras 3-16; CHANGES headline; ADDS photos)SEOUL, Jan. 25 (Yonhap) -- South Korea's Hyundai Motor Co. said Tuesday its fourth-quarter net profit plunged 41 percent from a year earlier as extended chip shortages affec
(LEAD) Hyundai Motor Q4 net plunges 41 pct on chip shortage

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(ATTN: RECASTS throughout with details)SEOUL, Jan. 25 (Yonhap) -- South Korea's Hyundai Motor Co. said Tuesday its fourth-quarter net profit plunged 41 percent from a year earlier as extended chip shortages affected vehicle production and sales.
Hyundai Motor Q4 net profit down 40.7 pct to 701.4 bln won

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SEOUL, Jan. 25 (Yonhap) -- Hyundai Motor Co on Tuesday reported its fourth-quarter net income of 701.4 billion won (US$585.2 million), down 40.7 percent from a year earlier.Operating profit for the October-December period was 1.52 trillion won, up 21
Hyundai Motor 2021 net income up 195.8 pct to 5.69 tln won

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SEOUL, Jan. 25 (Yonhap) -- Hyundai Motor Co on Tuesday reported its 2021 net profit of 5.69 trillion won (US$4.7 billion), up 195.8 percent from a year earlier.Operating income for the year was 6.67 trillion won, up 178.9 percent from the previous ye
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KRX ramps up efforts for global revaluation of S. Korean stock market

By Chung Joo-wonSEOUL, Jan. 25 (Yonhap) – South Korea's bourse operator is seeking to build a strong initiative and upgraded services to shoot for the revaluation of the country's stock market, its chief said Tuesday. Korea Exchange (KRX) Cha
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Mercedes-Benz to beef up EV lineup in S. Korea

SEOUL, Jan. 25 (Yonhap) -- Mercedes-Benz Korea said Tuesday it will continue to beef up its electric vehicle lineup in South Korea to meet changing customer demands and follow the automobile industry trends. The German carmaker plans to launch four a
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Population mobility falls by most in nine years in 2021

SEOUL, Jan. 25 (Yonhap) -- The number of South Koreans who moved to different residences in the country declined by the most in nine years last year amid fewer housing transactions, data showed Tuesday.The number of people who changed their residence
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S. Korean trade minister to visit U.S. for talks on global supply chains

SEOUL, Jan. 25 (Yonhap) -- South Korean Trade Minister Yeo Han-koo will visit the United States from this week to discuss bilateral cooperation on global supply chains and other trade issues, the ministry said Tuesday.During his weeklong visit from T
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S. Korea eyes bigger low-rate loans for emerging countries' projects

SEOUL, Jan. 25 (Yonhap) -- South Korea said Tuesday it will seek to provide low-rate loans up to 11.4 trillion won (US$9.5 billion) to emerging countries for their projects by 2024.The government plans to set the yearly approval ceiling of the Econom
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(2nd LD) S. Korea's economy grows 4 pct in 2021, highest in 11 years

(ATTN: ADDS BOK official's comments, more info in paras 6-8, last 2 paras)SEOUL, Jan. 25 (Yonhap) -- South Korea's economy posted the highest growth rate in 11 years as consumption and exports bounced back from the pandemic-caused slump, cent
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(LEAD) S. Korea's economy grows 4 pct in 2021, highest in 11 years

(ATTN: RECASTS first 4 paras; ADDS info throughout, photo)SEOUL, Jan. 25 (Yonhap) -- South Korea's economy posted the highest growth rate in 11 years as consumption and exports bounced back from the pandemic-caused slump, central bank data showed
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(LEAD) S. Korea to improve FX market system to win MSCI developed market status

(ATTN: UPDATES with more details in paras 2-3, 13-21)SEOUL, Jan. 25 (Yonhap) -- South Korea said Tuesday it plans to improve the foreign exchange market system to better ensure foreign investors' market access as it seeks to win developed market
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Market cap of top 30 groups jumps 33.2 pct over 4 years

SEOUL, Jan. 25 (Yonhap) -- South Korea's top 30 family-controlled conglomerates have seen their stock market capitalization spike more than 30 percent over the past four years, with Samsung Group taking the top spot, a market tracker said Tuesday
S. Korea's economy grows 4 pct in 2021, highest in 11 years

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SEOUL, Jan. 25 (Yonhap) -- South Korea's economy is estimated to have grown 4 percent in 2021, marking the highest growth rate in 11 years, central bank data showed Tuesday.The growth was higher than a 0.9 percent contraction tallied a year earli
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S. Korea to improve FX market system to win MSCI developed market status

SEOUL, Jan. 25 (Yonhap) -- South Korea said Tuesday it plans to improve the foreign exchange market system to better ensure foreign investors' market access as it seeks to win developed market status from Morgan Stanley Capital International (MSC
(URGENT) South Korea's economy grows 4 pct in 2021, highest in 11 years: BOK

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Corporate direct financing up 19 pct in 2021

SEOUL, Jan. 25 (Yonhap) -- Corporate direct financing by firms in South Korea jumped 19 percent on-year in 2021 driven by multiple massive initial public offerings (IPOs), data showed Tuesday.Local companies raised a combined 231.48 trillion won (US$
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Finance minister to meet with heads of BOK, financial regulator next month

SEOUL, Jan. 24 (Yonhap) -- Finance Minister Hong Nam-ki said Monday he plans to meet with the chiefs of the central bank and the financial regulator next month to discuss volatility in the financial market at home and abroad.Hong said he plans to hol