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  S. Korea logs smaller-than-expected fiscal deficit in 2021 on larger tax revenue

  SEOUL, Feb. 17 (Yonhap) -- South Korea's fiscal deficit is estimated to be sharply smaller than its previous estimate last year on the back of larger-than-expected tax revenue, the finance ministry said Thursday.The consolidated fiscal balance, a
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  LG Energy Solution buys U.S. energy storage solutions provider

  SEOUL, Feb. 17 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Thursday it has acquired a U.S.-based energy storage system (ESS) solutions provider as part of efforts to expand its portfolio into all-round energy management servicesLGES took over a 1
• (EDITORIAL from Korea Times on Feb. 17)

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  Policy failures should not be repeatedThe gap between the rich and poor deepened over the past four years under the Moon Jae-in administration. The average annual income of the richest 10 percent increased by 14.29 million won ($12,000) from 2016 to
• 4 companies to recall over 38,000 vehicles over faulty parts

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  SEOUL, Feb. 17 (Yonhap) -- Audi-Volkswagen Korea, Tesla Korea and two other companies will voluntarily recall more than 38,000 vehicles to fix faulty components, the transport ministry said Thursday. These are the latest in a series of recalls by car
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  Former U.S. ambassador to S. Korea Lippert joins Samsung Electronics America

  By Byun Duk-kunWASHINGTON, Feb. 16 (Yonhap) -- Former U.S. Ambassador to South Korea Mark Lippert will begin working for Samsung Electronics America next month, the company said Wednesday.Lippert will head the company's Washington office as execu
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  IBK fined 4.7 bln won over 'Discovery fund' fiasco

  SEOUL, Feb. 16 (Yonhap) -- South Korea's financial regulator decided Wednesday to fine the state-run Industrial Bank of Korea (IBK) 4.71 billion won (US$3.93 million) and order a partial business suspension for one month for selling fraudulent fu
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  Airlines to raise fuel surcharges on int'l routes in March

  SEOUL, Feb. 16 (Yonhap) -- South Korean airlines are set to raise fuel surcharges on international routes next month as jet fuel prices rise at a faster pace, industry people said Wednesday. Starting March 1, the surcharge for one-way tickets on inte
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  Seqirus eyes swift introduction of influenza vaccines into S. Korea

  By Kim Han-jooSEOUL, Feb. 16 (Yonhap) -- Global leading influenza vaccine maker Seqirus Ltd. said it will swiftly bring its various products into South Korea amid the yearslong pandemic.Seqirus, part of Australia-based biotech firm CSL Ltd., is one o
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  Finance minister to virtually attend G-20 meeting this week

  SEOUL, Feb. 16 (Yonhap) -- Finance Minister Hong Nam-ki plans to virtually attend a meeting of finance chiefs and top central bankers from the Group of 20 (G-20) major economies this week to discuss global economic issues, his office said Wednesday.T
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  S. Korean chipmakers to invest 57 tln won in domestic market this year

  SEOUL, Feb. 16 (Yonhap) -- South Korea's chipmakers vowed to expand their domestic investment this year to more than a combined 56.7 trillion won (US$47.36 billion) amid heated global competition and supply chain disruptions, the industry ministr
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  Samsung's labor unions demand direct wage talks with top management, warn of walkout

  SEOUL, Feb. 16 (Yonhap) -- Unionized workers at Samsung Electronics Co. demanded Wednesday that the company's top management come to the negotiating table over wages and other issues, warning of a strike if their demands are not met.The demand ca
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  (LEAD) Celltrion 2021 net soars 20 pct on robust overseas sales

  (ATTN: CHANGES headline, lead; ADDS photo, byline, more info throughout)By Kim Han-jooSEOUL, Feb. 16 (Yonhap) -- Celltrion Inc., a major South Korean biopharmaceutical firm, said Wednesday that its net profit jumped 20.1 percent on-year last year on
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  Samsung Fire & Marine Insurance set to cut car insurance premiums in April

  SEOUL, Feb. 16 (Yonhap) -- Samsung Fire & Marine Insurance Co., South Korea's top non-life insurer, said Wednesday it will cut its auto insurance premiums by an average 1.2 percent in April on falling loss rates.It will mark Samsung Fire & Marine
• Celltrion Q4 net income up 57.3 pct to 156.5 bln won

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  SEOUL, Feb. 16 (Yonhap) -- Celltrion Inc. on Wednesday reported its fourth-quarter net profit of 156.5 billion won (US$130.8 million), up 57.3 percent from a year earlier.The company said in a regulatory filing that operating income for the October-D
• Celltrion 2021 net profit up 20.1 pct. to 623.7 bln won

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  SEOUL, Feb. 16 (Yonhap) -- Celltrion Inc. on Wednesday reported its 2021 net profit of 623.7 billion won (US$521.1 million), up 20.1 percent from a year earlier.Operating profit for the year was 753.9 billion won, up 5.9 percent on-year, the company
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  S. Korea eyes active push for FTAs with African nations

  SEOUL, Feb. 16 (Yonhap) -- South Korea said Wednesday it will actively push for free trade agreements with African nations in a move to deepen economic ties with the resource-rich emerging market and to diversify its trade portfolio.Last month, South
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  (2nd LD) S. Korea reports largest job growth in almost 22 years in Jan.

  (ATTN: UPDATES with more details throughout; RECASTS lead)By Kim Soo-yeonSEOUL, Feb. 16 (Yonhap) -- South Korea reported the largest job growth in nearly 22 years in January as the job market improved to pre-pandemic levels due to a low base effect a
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  (LEAD) S. Korea reports largest job growth in almost 22 years in Jan.

  (ATTN: UPDATES with more details throughout; RECASTS lead)By Kim Soo-yeonSEOUL, Feb. 16 (Yonhap) -- South Korea reported the largest job growth in nearly 22 years in January due to a low base effect and the ongoing economic recovery, data showed Wedn
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  S. Korea reports largest job growth in almost 22 years in Jan.

  By Kim Soo-yeonSEOUL, Feb. 16 (Yonhap) -- South Korea reported the largest job growth in nearly 22 years in January in the latest sign that the country's economic recovery has continued despite the upsurge in COVID-19 cases, data showed Wednesday
• (URGENT) 1.14 mln jobs added on-year in January, largest growth in nearly 22 years

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