Chips, chemicals drive 74% gain in South Korean company profits

Exporters rebounded in 2021 while utilities, builders hurt by higher costs

20220405N LG Chem plant

An LG Chem plant. Operating profit at South Korean chemical manufacturers skyrocketed 350% last year. (Photo courtesy of LG Chem)

KOTARO HOSOKAWA, Nikkei staff writer

SEOUL -- Operating profit at South Korean listed companies surged 74% in 2021, as the country's core industries of electronics, chemicals and steel rebounded from the pandemic-induced global downturn the previous year.

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