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• Hyundai Mipo Dockyard remains in red in 2021

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  SEOUL, Feb. 7 (Yonhap) -- Hyundai Mipo Dockyard Co. on Monday reported its 2021 net loss of 160.1 billion won (US$133.5 million), remaining in the red compared with the previous year.The company said in a regulatory filing that it posted an operating
• Hyundai Mipo Dockyard remains in red in Q4

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  SEOUL, Feb. 7 (Yonhap) -- Hyundai Mipo Dockyard Co. on Monday reported its fourth-quarter net loss of 78.4 billion won (US$65.3 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to post
• Hyundai Heavy Industries remains in red in 2021

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  SEOUL, Feb. 7 (Yonhap) -- Hyundai Heavy Industries Co. on Monday reported its 2021 net loss of 814.2 billion won (US$678.7 million), remaining in the red compared with the previous year.The company said in a regulatory filing that it posted an operat
• Hyundai Heavy Industries remains in red in Q4

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  SEOUL, Feb. 7 (Yonhap) -- Hyundai Heavy Industries Co. on Monday reported its fourth-quarter net loss of 520.1 billion won (US$433.5 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to
• Lotte Chilsung Beverage swings to black in 2021

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  SEOUL, Feb. 7 (Yonhap) -- Lotte Chilsung Beverage Co. on Monday reported its 2021 net profit of 137.1 billion won (US$114.2 million), swinging from a loss of 16.8 billion won a year earlier.The company said in a regulatory filing that operating profi
• Lotte Chilsung Beverage remains in red in Q4

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  SEOUL, Feb. 7 (Yonhap) -- Lotte Chilsung Beverage Co. on Monday reported its fourth-quarter net loss of 3.2 billion won (US$2.7 million), remaining in the red compared with a year ago.The company said in a regulatory filing that operating income for
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  Money raised through IPOs hits record high in 2021 amid ample liquidity, bullish sentiment

  SEOUL, Feb. 7 (Yonhap) -- The amount of money South Korean firms raised through initial public offerings (IPOs) more than quadrupled to hit a record high last year thanks to ample liquidity and the overall bullish stock market sentiment, data showed
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  S. Korean battery makers take up 30.4 pct of global market share in 2021

  SEOUL, Feb. 7 (Yonhap) -- The combined global market share of three major South Korean battery makers declined last year from a year earlier, due largely to the growth of their Chinese rivals, data showed Monday. The cumulative market share of LG Ene
• Imported car sales fall 22 pct in Jan. amid chip shortages

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  SEOUL, Feb. 7 (Yonhap) -- Sales of imported vehicles in South Korea fell 22 percent in January from a year earlier as chip shortages continued to disrupt vehicle production, an industry association said Monday.The number of newly registered foreign v
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  S. Korean trade chief to visit Britain, Switzerland for trade meetings

  SEOUL, Feb. 7 (Yonhap) -- South Korea's Trade Minister Yeo Han-koo will visit London and Geneva this week to explore ways to enhance trade cooperation with Britain and various international organizations, his office said Monday.During his two-day
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  Lotte Chemical to invest 602 bln won in advanced materials biz

  SEOUL, Feb. 7 (Yonhap) -- Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate Lotte Group, said Monday it is spending 602 billion won (US$502 million) to boost its advanced materials business, including building a new factory fo
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  Online food market hits new high in 2021 amid pandemic

  SEOUL, Feb. 7 (Yonhap) -- South Korea's online food market jumped more than 35 percent to touch an all-time high in 2021 amid the coronavirus pandemic, data showed Monday.The value of online food transactions in Asia's fourth-largest economy
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  S. Korea confirms highly pathogenic bird flu case in southwestern region

  SEOUL, Feb. 6 (Yonhap) -- South Korea reported another case of highly pathogenic avian influenza (AI) at a duck farm on Sunday, bringing the total number of cases to 33 this winter season. The latest case was confirmed at the farm in the city of Jeon
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  Apartment purchases by young people hit record high last year: data

  SEOUL, Feb. 6 (Yonhap) -- The proportion of apartments bought by people in their 30s or younger reached an all-time high last year amid "panic buying" over soaring housing prices, data showed Sunday.The buyers of this age group accounted
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  Mercedes-Benz fined 20.2 bln won over emission rigging

  SEOUL, Feb. 6 (Yonhap) -- South Korea's antitrust regulator said Sunday it has decided to fine Mercedes-Benz 20.2 billion won (US$16.87 million) for falsified information on gas emissions of its diesel cars and ordered it to take corrective actio
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  S. Korea's fishery output up 1.2 percent in 2021

  SEOUL, Feb. 6 (Yonhap) -- South Korea's fisheries output rose 1.2 percent last year from a year earlier on the back of improved production from the aquaculture sector, data showed Sunday.The total fisheries output amounted to 3.76 million tons in
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  S. Korea, Sweden vow to boost ties on supply chains, new industries

  SEOUL, Feb. 4 (Yonhap) -- South Korea and Sweden agreed Friday to further boost cooperation on supply chains and nurturing bio and other new industry fields, Seoul's industry ministry said. The agreement was made during a virtual meeting between
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  S. Korea slaughters chickens over outbreak of H5N1 avian influenza

  SEOUL, Feb. 4 (Yonhap) -- South Korean quarantine officials began culling about 33,000 chickens Friday as they confirmed the outbreak of the H5N1 avian influenza virus at a farm, the agricultural ministry said.The latest case of the highly pathogenic
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  (LEAD) Hankook Tire Q4 net nearly halves on chip shortage, higher costs

  (ATTN: REWRITES throughout; ADDS photo)SEOUL, Feb. 4 (Yonhap) -- Hankook Tire & Technology Co. said Friday its fourth-quarter net profit plunged 48 percent from a year earlier due mainly to global chip shortages and higher raw materials prices.Net pr
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  GM Korea's Jan. sales plummet 64 pct on chip shortages

  SEOUL, Feb. 4 (Yonhap) -- GM Korea Co. said Friday its sales tumbled 64 percent last month from a year earlier as chip shortages continued to disrupt its production.The South Korean unit of General Motors Co. sold 12,911 vehicles in January, sharply