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• Samsung Electro-Mechanics 2021 net income up 46.7 pct. to 915.4 bln won

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  SEOUL, Jan. 26 (Yonhap) -- Samsung Electro-Mechanics Co. on Wednesday reported its 2021 net profit of 915.4 billion won (US$764.8 million), up 46.7 percent from a year earlier.The company said in a regulatory filing that it posted 1.48 trillion won i
• Samsung Electro-Mechanics Q4 net profit down 58.7 pct. to 84.7 bln won

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  SEOUL, Jan. 26 (Yonhap) -- Samsung Electro-Mechanics Co. on Wednesday reported its fourth-quarter net income of 84.7 billion won (US$70.7 million), down 58.7 percent from a year earlier.The company said in a regulatory filing that operating income fo
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  Growth of S. Korean exports forecast to slow in Q1

  SEOUL, Jan. 26 (Yonhap) -- South Korea's exports will likely lose some growth momentum in the first quarter of the year due to a string of unfavorable external factors, a state bank said Wednesday.Overseas shipments by Asia's fourth-largest e
• POSCO Chemical 2021 net income up 349.7 pct. to 133.8 bln won

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  SEOUL, Jan. 26 (Yonhap) -- POSCO Chemical Co. on Wednesday reported its 2021 net profit of 133.8 billion won (US$111.7 million), up 349.7 percent from a year earlier.Operating profit for the year was 121.7 billion won, up 101.9 percent from the previ
• POSCO Chemical Q4 net profit up 21.5 pct. to 19.2 bln won

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  SEOUL, Jan. 26 (Yonhap) -- POSCO Chemical Co. on Wednesday reported its fourth-quarter net profit of 19.2 billion won (US$16 million), up 21.5 percent from a year earlier.The company said in a regulatory filing that operating income for the October-D
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  S. Korea's childbirths at record low in Nov.

  SEOUL, Jan. 26 (Yonhap) -- The number of babies born in South Korea fell to a record low in November last year, data showed Wednesday, underpinning the country's gloomy demographic situation with the chronically low birth rate.A total of 19,800 b
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  Smuggled drugs hit record high in 2021 amid pandemic

  SEOUL, Jan. 26 (Yonhap) -- Drug smuggling caught by South Korea's customs agency hit a record high last year as trafficking via non-contact delivery means shot up amid the COVID-19 pandemic, data showed Wednesday.The Korea Customs Service said it
• POSCO International 2021 net income up 55.3 pct to 356.5 bln won

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  SEOUL, Jan. 26 (Yonhap) -- POSCO International on Wednesday reported its 2021 net profit of 356.5 billion won (US$297.9 million), up 55.3 percent from a year earlier.The company said in a regulatory filing that it posted 585.4 billion won in operatin
• POSCO International Q4 net profit up 245 pct to 68.4 bln won

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  SEOUL, Jan. 26 (Yonhap) -- POSCO International on Wednesday reported its fourth-quarter net profit of 68.4 billion won (US$57.1 million), up 245 percent from a year earlier.The company said in a regulatory filing that it posted 140 billion won in ope
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  (LEAD) Hyundai Mobis Q4 net up 0.4 pct amid chip shortages

  (ATTN: RECASTS throughout with details; ADDS photo) SEOUL, Jan. 26 (Yonhap) -- Hyundai Mobis Co., South Korea's biggest auto parts maker, said Wednesday its fourth-quarter net profit edged up 0.4 percent from a year earlier amid global chip short
• Hyundai Mobis 2021 net profit up 54.7 pct to 2.36 tln won

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  SEOUL, Jan. 26 (Yonhap) -- Hyundai Mobis Co. on Wednesday reported its 2021 net income of 2.36 trillion won (US$2 billion), up 54.7 percent from a year earlier.The company said in a regulatory filing that operating profit for the year rose 11.5 perce
• Hyundai Mobis Q4 net profit up 0.4 pct to 554 bln won

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  SEOUL, Jan. 26 (Yonhap) -- Hyundai Mobis Co. on Wednesday reported its fourth-quarter net income of 554 billion won (US$463.4 million), up 0.4 percent from a year earlier.The company said in a regulatory filing that operating profit for the October-D
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  LG Energy Solution, GM to build US$2.6 bln joint EV battery plant in Michigan

  By Kim Seung-yeon SEOUL, Jan. 26 (Yonhap) -- LG Energy Solution Ltd. (LGES) and General Motors Co. unveiled a US$2.6 billion plan Wednesday to build a new electric vehicle (EV) battery plant in the United States in their latest move to gain an edge i
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  Biz sentiment for Feb. stays below par for 2nd month: poll

  SEOUL, Jan. 26 (Yonhap) -- South Korea's business sentiment edged up for February but remained below par for the second consecutive month amid high raw material prices and global supply chain disruptions, a poll showed Wednesday.The business surv
• Consumer sentiment up in January amid toughened virus curbs

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  SEOUL, Jan. 26 (Yonhap) -- South Korea's consumer sentiment improved in January as health authorities' tough antivirus rules mitigated worries over the spread of the coronavirus, the central bank said Wednesday.The composite consumer sentimen
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  IMF lowers 2022 growth outlook for S. Korean economy to 3 pct

  SEOUL, Jan. 25 (Yonhap) -- The International Monetary Fund (IMF) on Tuesday slashed its economic growth outlook for South Korea this year to 3 percent from 3.3 percent amid the fast spread of the omicron variant of COVID-19.The latest outlook is on p
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  LG Energy Solution, GM to build US$2.1 bln battery factory in U.S.

  SEOUL, Jan. 25 (Yonhap) -- South Korean battery maker LG Energy Solution Ltd. (LGES) said Tuesday it will together spend US$2.1 billion with U.S. General Motors Co. to build another electric vehicle (EV) battery factory in America. LGES and GM are ex
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  Omicron, supply chain strains pose downside risks for S. Korean economy: IMF

  SEOUL, Jan. 25 (Yonhap) -- The International Monetary Fund (IMF) said Tuesday the fast spread of the omicron variant of COVID-19 and global supply chain disruptions are major downside risks for the South Korean economy.Martin Kaufman, Korea mission c
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  SsangYong Motor inks narrowed losses in 2021

  SEOUL, Jan. 25 (Yonhap) -- SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Tuesday it inked narrowed losses last year but remains in a complete capital erosion. Net losses narrowed to 292.9 billion won (US
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  S. Korea confirms 25th highly pathogenic bird flu case

  SEOUL, Jan. 25 (Yonhap) -- South Korea reported an additional case of highly pathogenic avian influenza at a chicken farm Tuesday, bringing the total number of cases in poultry to 25 this winter season.The latest case occurred at a farm raising aroun