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S. Korea asks OECD chief for more discussions on digital tax deal
SEOUL, Feb. 9 (Yonhap) -- South Korea on Wednesday asked the chief of the Organization for Economic Cooperation and Development (OECD) to have additional discussions on its global tax deal to prevent exporters from shouldering an excessive burden, Se
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(LEAD) SK Telecom's Q4 net down 14 pct on non-telecom spinoff
(ATTN: RECASTS throughout with details; ADDS photo)SEOUL, Feb. 9 (Yonhap) -- SK Telecom Co., South Korea's largest mobile carrier, said Wednesday its fourth-quarter net profit fell 14 percent from a year earlier due mainly to its non-telecom spin
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(2nd LD) NHN swings to profit in Q4 on robust IT, commerce business
(ATTN: ADDS more info in last 2 paras)SEOUL, Feb. 9 (Yonhap) -- NHN Corp., a South Korean leading information technology company, on Wednesday said its fourth-quarter net profit shifted to the black from a year earlier on the back of increased revenu
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Regulator expected to announce whether to OK Korean Air-Asiana deal next week
SEOUL, Feb. 9 (Yonhap) -- South Korea's antitrust regulator is expected to announce next week whether to approve a deal by Korean Air Lines Co., the country's biggest carrier, to buy the debt-ridden Asiana Airlines Inc. Since January last yea
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(LEAD) Kakao pledges to create 20,000 jobs over next 5 yrs: gov't
(ATTN: CHANGES photo; ADDS comments in paras 6, 9)SEOUL, Feb. 9 (Yonhap) -- Kakao, the operator of South Korea's top mobile messenger KakaoTalk, has promised to create 20,000 new jobs over the next five years as part of the government's youth
SK Telecom 2021 net profit up 61.2 pct to 2.41 tln won
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SEOUL, Feb. 9 (Yonhap) -- SK Telecom Co. on Wednesday reported its 2021 net income of 2.41 trillion won (US$2 billion), up 61.2 percent from a year earlier.The company said in a regulatory filing that it posted 1.38 trillion won in operating profit f
SK Telecom Q4 net profit down 14 pct. to 314.8 bln won
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SEOUL, Feb. 9 (Yonhap) -- SK Telecom Co. on Wednesday reported its fourth-quarter net profit of 314.8 billion won (US$263.4 million), down 14 percent from a year earlier.The company said in a regulatory filing that it posted 226.7 billion won in oper
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Kakao pledges to create 20,000 jobs over next 5 yrs: gov't
SEOUL, Feb. 9 (Yonhap) -- Kakao, the operator of South Korea's top mobile messenger KakaoTalk, has promised to create 20,000 new jobs over the next five years as part of the government's youth job and education support project, the Prime Mini
Hyundai, Kia to recall 485,000 vehicles in U.S.
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SEOUL, Feb. 9 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday that they will recall 485,000 vehicles in the United States due to possible fire involving an anti-lock braking control module. The subjected models are 357,830 un
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(LEAD) NHN swings to profit in Q4 on robust IT, commerce business
(ATTN: RECASTS throughout with details; ADDS photo)SEOUL, Feb. 9 (Yonhap) -- NHN Corp., a South Korean leading information technology company, on Wednesday said its fourth-quarter net profit shifted to the black from a year earlier on the back of inc
NHN 2021 net income up 365.1 pct. to 130 bln won
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SEOUL, Feb. 9 (Yonhap) -- NHN Corp. on Wednesday reported its 2021 net profit of 130 billion won (US$108.6 million), up 365.1 percent from a year earlier.The company said in a regulatory filing that operating income for the year rose 14.4 percent on-
NHN swings to profits in Q4
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SEOUL, Feb. 9 (Yonhap) -- NHN Corp. on Wednesday reported its fourth-quarter net profit of 46.5 billion won (US$38.8 million), turning from a loss of 40.4 billion won a year earlier.Operating profit for the October-December period was 25.2 billion wo
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SK Group emerges as No. 2 conglomerate in 2021
SEOUL, Feb. 9 (Yonhap) -- SK Group became South Korea's No. 2 conglomerate in 2021 for the first time in 16 years, overtaking automaking behemoth Hyundai Motor Group, a corporate tracker said Wednesday.SK, whose flagship is chip giant SK hynix In
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Singapore OKs Korean Air-Asiana combination
SEOUL, Feb. 9 (Yonhap) -- Korean Air Lines Co. said Wednesday it has received "unconditional" regulatory approval from Singapore for its integration with Asiana Airlines Inc. in a move that could speed up its process to acquire the smalle
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S. Korea wins WTO ruling over Trump-era washer safeguard tariffs
SEOUL, Feb. 9 (Yonhap) -- South Korea won a World Trade Organization (WTO) dispute over the United States' safeguard measures on large-sized residential washers and parts, Seoul's trade ministry said Wednesday.In May 2018, the Seoul governmen
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(LEAD) Hyundai reenters Japan with online-only sales, all-electric cars
(ATTN: UPDATES with details in paras 4, 10)SEOUL, Feb. 8 (Yonhap) -- South Korea's leading carmaker Hyundai Motor Co. said Tuesday it has reentered the Japanese passenger vehicle market for the first time in 12 years, but this time with an online
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(LEAD) Lotte Shopping net losses deepen in Q4 on reduced value of properties
(ATTN: RECASTS throughout with details; ADDS photo)SEOUL, Feb. 8 (Yonhap) -- South Korean retail giant Lotte Shopping Co. on Tuesday said its net losses deepened in the fourth quarter from a year earlier due to reduced value of its properties.Net los
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(LEAD) KB Financial Group net profit jumps 27.6 percent to all-time high
(ATTN: UPDATES more details throughout; RECASTS headline, lead; ADDS photo)SEOUL, Feb. 8 (Yonhap) -- KB Financial Group Inc. said Tuesday that its net profit hit an all-time high last year on the back of increased interest and commission income.Net p
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(LEAD) Global appraisers concerned about fallout of S. Korea's debt growth pace: finance chief
(ATTN: UPDATES with minister's remarks on inflation in last 4 paras)SEOUL, Feb. 8 (Yonhap) -- South Korea's finance minister said Tuesday global credit appraisers are concerned about the growth pace of the country's national debt, which c
GS Retail 2021 net income up 409.2 pct to 786.9 bln won
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SEOUL, Feb. 8 (Yonhap) -- GS Retail Co. on Tuesday reported its 2021 net income of 786.9 billion won (US$657 million), up 409.2 percent from a year earlier.The company said in a regulatory filing that it posted 208.3 billion won in operating profit f
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