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Big firms' greenhouse gas emissions rise 5.9 pct over 3 years
SEOUL, Feb. 1 (Yonhap) -- The greenhouse gas emissions of South Korean large companies have increased by nearly 6 percent in recent years, going against the country's carbon neutrality goal, a corporate tracker said Wednesday.The volume of greenh
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(LEAD) SK hynix logs operating loss in Q4 on slumping demand
(ATTN: RECASTS throughout with details; ADDS photo; CHANGES headline)SEOUL, Feb. 1 (Yonhap) -- SK hynix Inc. said Wednesday it swung to a deficit in the fourth quarter due to the global chip market's slowdown amid weak demand and oversupply.The w
SK hynix 2022 net profit down 74.6 pct to 2.43 tln won
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SEOUL, Feb. 1 (Yonhap) -- SK hynix Inc. on Wednesday reported its 2022 net profit of 2.43 trillion won (US$2 billion), down 74.6 percent from a year earlier.Operating income for the year was 7 trillion won, down 43.5 percent on-year, the company said
SK hynix swings to red in Q4
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SEOUL, Feb. 1 (Yonhap) -- SK hynix Inc. on Wednesday reported its fourth-quarter net loss of 3.52 trillion won (US$2.9 billion), swinging from a profit of 3.31 trillion won a year earlier.The company said in a regulatory filing that it posted an oper
Top headlines in major S. Korean newspapers
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SEOUL, Feb. 1 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 1.Korean-language dailies-- Spike in heating bills was a foreseen future (Kyunghyang Shinmun)-- Small businesses shocked by soaring heating bills (Kookmin D
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(Yonhap Interview) S. Korea not facing risk of financial crisis: IMF official
By Kang Yoon-seungSEOUL, Jan. 31 (Yonhap) -- South Korea is not likely to suffer a crisis as in late 1990s due to its strong fundamentals, a high-ranking official from the International Monetary Fund (IMF) said Tuesday, with its economy set to gather
Hyosung TNC 2022 net profit down 98.1 pct to 18.8 bln won
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SEOUL, Jan. 31 (Yonhap) -- Hyosung TNC Corp. on Tuesday reported its 2022 net income of 18.8 billion won (US$15.2 million), down 98.1 percent from a year earlier.The company said in a regulatory filing that it posted 123.6 billion won in operating pr
Hyosung TNC shifts to red in Q4
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SEOUL, Jan. 31 (Yonhap) -- Hyosung TNC Corp. on Tuesday reported its fourth-quarter net loss of 7.4 billion won (US$6 million), shifting from a profit of 217.6 billion won a year earlier.The company said in a regulatory filing that it posted an opera
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(LEAD) LG H&H swings to the red in Q4 of 2022
(ATTN: RECASTS throughout; ADDS photo)SEOUL, Jan. 31 (Yonhap) -- South Korean cosmetics giant LG Household & Health Care Ltd. swung to the red in the fourth quarter last year, the company said Tuesday, as customers reduced spending amid a global econ
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2 monetary policymakers wanted time to gauge impact of tightening: minutes
SEOUL, Jan. 31 (Yonhap) -- Two top central bank policymakers expressed worries over the impact of previous rate hikes on the overall economy and wanted to stay put at this year's first rate-setting meeting early this month, minutes of the gatheri
Hyosung 2022 net income down 95.4 pct to 24.8 bln won
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SEOUL, Jan. 31 (Yonhap) -- Hyosung Corp. on Tuesday reported its 2022 net profit of 24.8 billion won (US$20.1 million), down 95.4 percent from a year earlier.Operating income for the year was 64.9 billion won, down 89.8 percent from the previous year
Hyosung swings to loss in Q4
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SEOUL, Jan. 31 (Yonhap) -- Hyosung Corp. on Tuesday reported its fourth-quarter net loss of 25.7 billion won (US$20.9 million), shifting from a profit of 88.7 billion won a year earlier.The company said in a regulatory filing that it posted an operat
LS Electric 2022 net profit up 7 pct to 91.3 bln won
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SEOUL, Jan. 31 (Yonhap) -- LS Electric Co. on Tuesday reported its 2022 net profit of 91.3 billion won (US$74.1 million), up 7 percent from a year earlier.The company said in a regulatory filing that operating profit for the year rose 20.9 percent on
LS Electric Q4 net profit down 27.2 pct to 16.6 bln won
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SEOUL, Jan. 31 (Yonhap) -- LS Electric Co. on Tuesday reported its fourth-quarter net profit of 16.6 billion won (US$13.5 million), down 27.2 percent from a year earlier.Operating profit for the October-December period was 26.1 billion won, down 41 p
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Daewoong Pharmaceuticals inks licensing agreement with CS Pharmaceuticals
SEOUL, Jan. 31 (Yonhap) -- Daewoong Pharmaceutical Co., a leading South Korean drugmaker, said Tuesday that it has signed a deal to grant CS Pharmaceuticals (CSP), a British biotech company, exclusive development and commercialization rights to its n
(LEAD) LG Chem's 2022 profit sinks 40 pct on weak petrochemical demand
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(ATTN: ADDS more details throughout, byline; COMBINES earlier story slugged 'LG Chem-Q4 earnings')By Kim Seung-yeon SEOUL, Jan. 31 (Yonhap) -- LG Chem Ltd., South Korea's leading chemicals producer, saw its profit shrink 40.4 percent in 2
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(4th LD) Samsung not to cut investment despite significant profit drop on sagging demand
(ATTN: ADDS share price at bottom)SEOUL, Jan. 31 (Yonhap) -- Samsung Electronics Co. reaffirmed Tuesday it has no plan to cut investment for this year despite disappointing earning results in the fourth quarter on a slump in demand.While unfavorable
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POSCO International to expand domestic LNG terminals to boost energy biz
SEOUL, Jan. 31 (Yonhap) -- POSCO International Corp. said Tuesday it will spend 930 billion won (US$756 million) to build two more liquefied natural gas (LNG) terminals in South Korea as it seeks to bolster its energy business. POSCO International br
LG Chem 2022 net profit down 44.5 pct to 2.19 tln won
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SEOUL, Jan. 31 (Yonhap) -- LG Chem Ltd. on Tuesday reported its 2022 net profit of 2.19 trillion won (US$1.8 billion), down 44.5 percent from a year earlier.The company said in a regulatory filing that operating income for the year fell 40.4 percent
LG Chem swings to red in Q4
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SEOUL, Jan. 31 (Yonhap) -- LG Chem Ltd. on Tuesday reported its fourth-quarter net loss of 5.9 billion won (US$4.8 million), shifting from a profit of 336.8 billion won a year earlier.The company said in a regulatory filing that operating income for
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