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Nearly Half of S. Korea’s Public Firms Lose Money in 2021

SEOUL, May 10 (Korea Bizwire) — Nearly half of public institutions in South Korea lost money in 2021 amid the coronavirus pandemic with the state-run power monopoly logging the biggest loss on soaring oil prices, data showed Tuesday. A total of 170 public companies and institutions, or 47 percent of 363 that disclosed their 2021 [...]

Public Firms’ Debt Hits Fresh High in 2021

SEOUL, April 30 (Korea Bizwire) — South Korean public firms’ liabilities rose for the fourth straight year last year to hit another record high as they borrowed more to make investments amid the economic recovery, the finance ministry said Friday. Of 350 state-run companies, the combined debt of 347 firms reached 583 trillion won (US$463.4 [...]