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Korea Aerospace 2021 net falls 26.7 pct to 53 bln won

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SEOUL, Feb. 11 (Yonhap) -- Korea Aerospace Industries Ltd. on Friday reported its 2021 net profit of 53 billion won (US$44.2 million), down 26.7 percent from a year earlier.Operating income for the year was 57.8 billion won, down 58.6 percent from th
Korea Aerospace remains in red in Q4

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SEOUL, Feb. 11 (Yonhap) -- Korea Aerospace Industries Ltd. on Friday reported its fourth-quarter net loss of 19.7 billion won (US$16.4 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued t
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Doosan Heavy wins 1 tln-won plant deal from Saudi Arabia

SEOUL, Feb. 11 (Yonhap) -- Doosan Heavy Industries & Construction Co., a South Korean plant builder, said Friday it has received a 1 trillion-won (US$834 million) casting and forging plant deal from Saudi Arabia.Doosan Heavy obtained the order from T
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(LEAD) S. Korea's tax revenue up 58.5 tln won last year amid economic recovery

(ATTN: UPDATES with more details in paras 6-9; ADDS photo)SEOUL, Feb. 11 (Yonhap) -- South Korea's tax revenue rose 58.5 trillion won (US$48.7 billion) in 2021 from a year earlier amid the economic recovery and rises in housing prices, the financ
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KDIC sells 2.2 pct stake in Woori Financial Holdings

SEOUL, Feb. 11 (Yonhap) -- South Korea's state deposit insurer said Friday it sold 2.2 percent of its stake in Woori Financial Holdings Co. for some 239 billion won (US$199 million).The Korea Depository Insurance Corp. (KDIC) said that the pre-ma
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(2nd LD) Kakao 2021 net profit jumps tenfold on robust platform, e-commerce

(ATTN; UPDATES with more info throughout: ADDS photo)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
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Renault program director named chief of S. Korea operations

SEOUL, Feb. 11 (Yonhap) -- Renault S.A. has named its vehicle program director as the new chief of its South Korean operations amid the extended COVID-19 pandemic, Renault Samsung Motors Corp. said Friday. Stephane Deblaise, 49, has served as advance
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(LEAD) Gov't, BOK to cooperate to ease bond market jitters, curb inflation

(ATTN: RECASTS throughout with more details; CHANGES headline and photos)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
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Kia tops 2022 J.D. Power reliability study

SEOUL, Feb. 11 (Yonhap) -- South Korea's Kia Corp. topped all rivals for the first time in the mass-market and premium brand segments in this year's consumer reliability study, Hyundai Motor Group said Friday.Kia ranked first overall in J.D.
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S. Korea's tax revenue up 58.5 tln won last year amid economic recovery

SEOUL, Feb. 11 (Yonhap) -- South Korea's tax revenue rose 58.5 trillion won (US$48.7 billion) in 2021 from a year earlier amid the economic recovery and rises in housing prices, the finance ministry said Friday.The government collected 344.1 tril
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Sampyo Industry booked as 1st firm accused of violating new workplace disaster law

SEOUL, Feb. 11 (Yonhap) -- Labor ministry officials raided the headquarters of Sampyo Industry in central Seoul on Friday in connection with a recent industrial accident in a quarry that left three workers dead, officials said. The raid came after th
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Samsung offers technological solutions to Hollywood Park

SEOUL, Feb. 11 (Yonhap) -- Samsung Electronics Co. said Friday it has joined the Hollywood Park Technology Alliance that provides cutting-edge solutions for the park's technological infrastructure and implementation.Hollywood Park, home to SoFi S
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(LEAD) Exports fall 12.6 pct in first 10 days of February

(ATTN: ADDS more details from 3rd para)SEOUL, Feb. 11 (Yonhap) -- South Korea's exports fell 12.6 percent on-year in the first 10 days of February due to fewer working days over the Lunar New Year holiday, customs data showed Friday.The country&#
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(LEAD) Kakao 2021 net profit jumps tenfold on robust platform, e-commerce

(ATTN: UPDATES throughout with details; CHANGES headline; ADDS photo, byline; INCORPORATES story Kakao-Q4 earnings)By Kim Han-jooSEOUL, Feb. 11 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Friday tha
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Exports fall 12.6 pct in first 10 days of Feb.

SEOUL, Feb. 11 (Yonhap) -- South Korea's exports fell 12.6 percent on-year in the first 10 days of February due to fewer working days over the Lunar New Year holiday, customs data showed Friday.The country's outbound shipments stood at US$15.
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S. Korean economy faces heightened external economic risks: finance minister

SEOUL, Feb. 11 (Yonhap) -- The South Korean economy faces heightened external economic risks amid soaring energy costs, global inflation risks, and geopolitical tensions between Russia and Ukraine, Finance Minister Hong Nam-ki said Friday.Hong made t
Kakao turns to profits in Q4

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SEOUL, Feb. 11 (Yonhap) -- Kakao Corp. on Friday reported its fourth-quarter net profit of 219.8 billion won (US$183.7 million), turning from a loss of 195.5 billion won a year earlier.The company said in a regulatory filing that operating profit for
Kakao 2021 net profit up 847.1 pct to 1.64 tln won

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SEOUL, Feb. 11 (Yonhap) -- Kakao Corp. on Friday reported its 2021 net income of 1.64 trillion won (US$1.4 billion), up 847.1 percent from a year earlier.The company said in a regulatory filing that operating profit for the year rose 30.9 percent on-
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Ex-US envoy Lippert likely to move to Samsung as communications exec: sources

SEOUL, Feb. 10 (Yonhap) -- Mark Lippert, former U.S. Ambassador to South Korea currently working as YouTube Asia-Pacific's public policy chief, will likely move to Samsung Electronics as an executive for the tech giant's North American busine
SK Chemicals swings to profits in Q4

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SEOUL, Feb. 10 (Yonhap) -- SK Chemicals Co. on Thursday reported its fourth-quarter net profit of 151.7 billion won (US$126.8 million), turning from a loss of 33 billion won a year earlier.Operating income for the October-December period was 271.4 bi