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• KCC shifts to red in 2021

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  SEOUL, Feb. 14 (Yonhap) -- KCC Corp. on Monday reported a 2021 net loss of 58.5 billion won (US$49.1 million), swinging from a profit of 560.9 billion won a year earlier.The company said in a regulatory filing that it posted 382.7 billion won in oper
• KCC turns to loss in Q4

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  SEOUL, Feb. 14 (Yonhap) -- KCC Corp. on Monday reported its fourth-quarter net loss of 237.5 billion won (US$199.4 million), shifting from a profit of 608.6 billion won a year earlier.The company said in a regulatory filing that it posted 68.3 billio
• CJ Cheiljedang 2021 net profit up 13.5 pct. to 892.4 bln won

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  SEOUL, Feb. 14 (Yonhap) -- CJ Cheiljedang Corp. on Monday reported a 2021 net profit of 892.4 billion won (US$749.2 million), up 13.5 percent from a year earlier.The company said in a regulatory filing that it posted 1.52 trillion won in operating pr
• CJ Cheiljedang turns to black in Q4

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  SEOUL, Feb. 14 (Yonhap) -- CJ Cheiljedang Corp. on Monday reported its fourth-quarter net profit of 200.9 billion won (US$168.7 million), swinging from a loss of 12.7 billion won a year earlier.The company said in a regulatory filing that it posted 2
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  S. Korea confirms additional avian influenza case

  SEOUL, Feb. 14 (Yonhap) -- South Korea on Monday reported another case of highly pathogenic avian influenza (AI) at a chicken farm, raising the total number of bird flu cases found at poultry farms this winter season to 43.The latest case was found a
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  GM Korea adds Traverse High Country model to its SUV lineup

  SEOUL, Feb. 14 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Monday it has added the Traverse High Country sport utility vehicle to its lineup to boost sales amid the extended COVID-19 pandemic. The Traverse SUV's to
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  Watchdog to intensify oversight of foreign currency liquidity, real estate lending

  SEOUL, Feb. 14 (Yonhap) -- South Korea's financial watchdog vowed Monday to keep closer tabs on financial institutions' management of foreign currency liquidity and real estate lending this year in a move to better respond to potential risks
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  Celltrion's Remsima logs record high sales in U.S. in 2021

  By Kim Han-jooSEOUL, Feb. 14 (Yonhap) -- Sales of the biosimilar Remsima by Celltrion Inc. reached an all-time high last year in the United States, the company said Monday.Sales of the biosimilar drug to treat autoimmune diseases jumped 13 percent on
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  Foreigners turn net sellers of S. Korean stocks in Jan.

  SEOUL, Feb. 14 (Yonhap) -- Foreign investors turned net sellers of South Korean stocks in January, but their net investment in local bonds continued to expand, data showed Monday. Foreigners sold a net 1.68 trillion won (US$1.4 billion) worth of loca
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  Bank holding firms' interest income soars 15 pct in 2021 amid rising rates

  SEOUL, Feb. 14 (Yonhap) -- Four financial holding firms in South Korea saw their interest income surge nearly 15 percent in 2021 thanks to rising lending rates, industry data showed Monday.The combined interest income of the four holding companies --
• Top headlines in major S. Korean newspapers

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  SEOUL, Feb. 14 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 14.Korean-language dailies-- Ahn proposes unifying presidential candidacies with main opposition candidate Yoon (Kyunghyang Shinmun)-- Yoon thinks of Ahn&#
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  Jeju Air to introduce cargo plane in first half amid prolonged pandemic

  SEOUL, Feb. 13 (Yonhap) -- Jeju Air Co., South Korea's biggest low-cost carrier, said Sunday it will bring in a cargo plane in the first half of this year to ride out the prolonged COVID-19 pandemic.Jeju Air signed a lease agreement to begin oper
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  Google, Netflix and 3 other streaming platforms fined over unfair biz activity

  SEOUL, Feb. 13 (Yonhap) -- South Korea's antitrust regulator said Sunday it has decided to impose a fine of a combined 19.5 million won (US$16,300) on Google, Netflix and three other video streaming services for their unfair business activity ove
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  Doosan Heavy swings to profit in 2021 on brisk orders

  SEOUL, Feb. 11 (Yonhap) -- Doosan Heavy Industries & Construction Co., a South Korean plant builder, swung to a profit in 2021 for the first time in eight years on the back of brisk new orders.Net profit came to 645.8 billion won (US$539 million) in
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  U.S. battery maker SES AI launches branch in S. Korea to expand market foothold

  SEOUL, Feb. 11 (Yonhap) -- SES AI Corp., a U.S. battery developer, said Friday it has launched a subsidiary in Seoul as part of efforts to further expand its foothold in the country. The announcement by the Boston-headquartered company came about thr
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  (2nd LD) Gov't, BOK to cooperate to ease bond market jitters, curb inflation

  (ATTN: UPDATES with bond market close and more info in paras 6, 8, 20-22)SEOUL, Feb. 11 (Yonhap) -- South Korea's government and central bank agreed Friday to push for measures to ease jitters in the bond market and cooperate to curb growing infl
• CJ Logistics 2021 net profit up 11 pct. to 158.3 bln won

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  SEOUL, Feb. 11 (Yonhap) -- CJ Logistics Corp. on Friday reported its 2021 net income of 158.3 billion won (US$132.1 million), up 11 percent from a year earlier.The company said in a regulatory filing that it posted 343.9 billion won in operating prof
• CJ Logistics Q4 net profit up 6.7 pct. to 50.7 bln won

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  SEOUL, Feb. 11 (Yonhap) -- CJ Logistics Corp. on Friday reported its fourth-quarter net profit of 50.7 billion won (US$42.3 million), up 6.7 percent from a year earlier.The company said in a regulatory filing that it posted 99.8 billion won in operat
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  (3rd LD) Kakao 2021 net profit jumps tenfold on robust platform, e-commerce

  (ATTN: UPDATES with more info in last 2 paras)By Kim Han-jooSEOUL, Feb. 11 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Friday that its net profit for 2021 surged nearly tenfold on-year on the back o
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  Volvo Trucks Korea to launch electric truck in 2023

  SEOUL, Feb. 11 (Yonhap) -- Volvo Trucks Korea said Friday it will launch a large-size electrified truck in 2023 as it seeks to cement its leading status in the local imported truck market.The Swedish truck maker sold 2,000 trucks in Korea last year,