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(LEAD) SK Innovation shifts to black in Q4 on strong petrochem, EV battery sales

(ATTN: ADDS more details on earnings results throughout, photo; INCORPORATES story slugged SK Innovation-2021 earnings)SEOUL, Jan. 28 (Yonhap) -- SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday
LG Uplus 2021 net income up 51.5 pct to 724.2 bln won

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SEOUL, Jan. 28 (Yonhap) -- LG Uplus Corp. on Friday reported its 2021 net profit of 724.2 billion won (US$600.9 million), up 51.5 percent from a year earlier.The company said in a regulatory filing that it posted 979 billion won in operating profit f
LG Uplus swings to black in Q4

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SEOUL, Jan. 28 (Yonhap) -- LG Uplus Corp. on Friday reported its fourth-quarter net income of 101.8 billion won (US$84.5 million), swinging from a loss of 224.7 billion won a year earlier.Operating income for the October-December period was 158.2 bil
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Shareholders OK POSCO's plan to create holding firm

SEOUL, Jan. 28 (Yonhap) -- Shareholders of POSCO, South Korea's top steelmaker, approved the company's plan to transform into a holding company by splitting it into two business entities, the steelmaker said Friday.After the breakup, the stee
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Imports of leisure goods up 36.5 pct last year amid pandemic

SEOUL, Jan. 28 (Yonhap) -- South Korea's imports of leisure goods rose 36.5 percent last year from a year earlier as the COVID-19 pandemic boosted demand for indoor activities, customs data showed Friday.Imports of goods used for leisure activiti
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S. Korea activates task force for emergency economic responses over Ukraine tension

SEOUL, Jan. 28 (Yonhap) -- South Korea has launched a task force to prepare for potential economic impacts of ongoing tensions between Russia and Ukraine on the local economy and the financial market, the finance ministry said Friday.Tensions have es
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(2nd LD) Industrial output grows by most in 11 years in 2021

(ATTN: UPDATES with more details throughout; REWRITES lead)By Kim Soo-yeonSEOUL, Jan. 28 (Yonhap) -- South Korea's industrial output increased by the most in 11 years in 2021 due largely to a low base effect and robust exports, data showed Friday
SK Innovation turns to black in 2021

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SEOUL, Jan. 28 (Yonhap) -- SK Innovation Co. on Friday reported its 2021 net income of 509.5 billion won (US$423 million), turning from a loss of 2.14 trillion won a year earlier.Operating income for the year was 1.76 trillion, compared with a loss o
SK Innovation shifts to black in Q4

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SEOUL, Jan. 28 (Yonhap) -- SK Innovation Co. on Friday reported its fourth-quarter net profit of 163.4 billion won (US$135.7 million), shifting from a loss of 232.6 billion won a year earlier.The company said in a regulatory filing that it continued
Samsung Card 2021 net income up 38.2 pct to 551.1 bln won

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SEOUL, Jan. 28 (Yonhap) -- Samsung Card Co. on Friday reported its 2021 net profit of 551.1 billion won (US$457.5 million), up 38.2 percent from a year earlier.The company said in a regulatory filing that it posted 749.3 billion won in operating prof
Samsung Card Q4 net profit up 169 pct to 129.4 bln won

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SEOUL, Jan. 28 (Yonhap) -- Samsung Card Co. on Friday reported its fourth-quarter net income of 129.4 billion won (US$107.4 million), up 169 percent from a year earlier.The company said in a regulatory filing that operating income for the October-Dec
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(Yonhap Feature) As pandemic wipes out gatherings, alcohol industry sets eyes on at-home drinkers

By Chang Dong-wooSEOUL, Jan. 28 (Yonhap) -- With gathering restrictions and business curfews in place throughout the pandemic, the alcoholic beverage industry, among other hospitality-related sectors, has faced setbacks from the protracted coronaviru
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S. Korea calls for swift revision of Trump-era steel tariffs

SEOUL, Jan. 28 (Yonhap) -- South Korea's top trade official called on the United States on Friday to swiftly begin talks to revise the Section 232 tariff rules on Seoul's steel exports, the trade ministry said Friday.In 2018, the U.S. waived
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(LEAD) Industrial output grows by most in 11 years in 2021

(ATTN: UPDATES with more details throughout; ADDS photo)By Kim Soo-yeonSEOUL, Jan. 28 (Yonhap) -- South Korea's industrial output increased by the most in 11 years in 2021 due largely to a low base effect and robust exports amid the global econom
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Market access may make U.S.-proposed IPEF more attractive: S. Korean trade minister

By Byun Duk-kunWASHINGTON, Jan. 27 (Yonhap) -- Increased market access may make a U.S.-envisioned new economic framework in the Indo-Pacific region more attractive, South Korean Trade Minister Yeo Han-koo said Thursday.Yeo said the U.S.-proposed Indo
SK Hynix 2021 net income up 102.1 pct to 9.61 tln won

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SEOUL, Jan. 28 (Yonhap) -- SK Hynix Inc. on Friday reported its 2021 net profit of 9.61 trillion won (US$8 billion), up 102.1 percent from a year earlier.The company said in a regulatory filing that operating income for the year rose 147.6 percent on
SK Hynix Q4 net profit up 87.5 pct to 3.31 tln won

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SEOUL, Jan. 28 (Yonhap) -- SK Hynix Inc. on Friday reported its fourth-quarter net income of 3.31 trillion won (US$2.8 billion), up 87.5 percent from a year earlier.Operating income for the October-December period was 4.21 trillion won, up 340 percen
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Industrial output grows by most in 11 years in 2021

By Kim Soo-yeonSEOUL, Jan. 28 (Yonhap) -- South Korea's industrial output increased by the most in 11 years in 2021 due largely to the base effect and robust exports amid the global economic recovery, data showed Friday.Industrial output increase
(URGENT) Industrial output grows 4.8 pct last year, largest gain in 11 years

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(2nd LD) Fitch keeps S. Korea's credit rating unchanged at 'AA-,' outlook stable

(ATTN: ADDS more info in paras 2, 4-5)SEOUL, Jan. 27 (Yonhap) -- Global credit appraiser Fitch Ratings said Thursday it has reaffirmed South Korea's sovereign rating at "AA-" with a "stable" outlook.Fitch's rating for