BRAND

• 

  BRAND

  Regulator issues correction order on 4 German carmakers for emission system collusion

  By Kang Yoon-seungSEOUL, Feb. 9 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to issue a correction order on four German carmakers operating here for colluding to adopt a system that results in higher nitrogen oxide (
• 

  BRAND

  KDI maintains 2023 growth outlook at 1.8 pct; U.S. rate hikes still present risk

  By Kang Yoon-seungSEOUL, Feb. 9 (Yonhap) -- The Korea Development Institute (KDI) on Thursday maintained South Korea's growth outlook for this year at 1.8 percent, but said it will depend on the scope of U.S. rate hikes and China's economic g
• 

  BRAND

  Banks' household loans shrink at fastest clip in Jan. amid high borrowing costs

  SEOUL, Feb. 9 (Yonhap) -- Household loans extended by South Korean banks shrank at the fastest rate in January due to high borrowing costs resulting from the central bank's monetary tightening measures aimed at controlling inflation, data showed
• 

  BRAND

  Service output in all provinces, major cities up in Q4

  By Kang Yoon-seungSEOUL, Feb. 9 (Yonhap) -- Service output rose on-year in all regions of South Korea in the fourth quarter of 2022, data showed Thursday, as the country continues its return to pre-pandemic normalcy.The country's service output w
• SK Biopharmaceuticals shifts to red in 2022

  BRAND

  SEOUL, Feb. 9 (Yonhap) -- SK Biopharmaceuticals Co. on Thursday reported its 2022 net loss of 139.4 billion won (US$110.5 million), swinging from a profit of 64.8 billion won a year earlier.The company said in a regulatory filing that it posted an op
• SK Biopharmaceuticals shifts to red in Q4

  BRAND

  SEOUL, Feb. 9 (Yonhap) -- SK Biopharmaceuticals Co. on Thursday reported its fourth-quarter net loss of 43.9 billion won (US$34.8 million), swinging from a profit of 47.1 billion won a year earlier.The company said in a regulatory filing that it post
• 

  BRAND

  S. Korea's solar power industry exports up 38 pct in 2022: data

  SEOUL, Feb. 9 (Yonhap) -- South Korea's exports of solar panels and other related parts jumped 38 percent on-year in 2022 on the back of major nations' push to expand renewable energy development, the industry ministry said Thursday.Outbound
• 

  BRAND

  Further gas rate hikes inevitable according to market principles: industry chief

  SEOUL, Feb. 9 (Yonhap) -- South Korea's recent hikes in gas rates were inevitable due to high global prices, and the government will continue to raise the rates in line with market factors while extending support to vulnerable groups, Industry Mi
• 

  BRAND

  LIG Nex1 signs MOU with Romania on air defense system

  SEOUL, Feb. 9 (Yonhap) --LIG Nex1 Co., a major South Korean defense firm, has signed an agreement with Romania on cooperation in the development and production of portable short-range anti-aircraft missiles, the company said Thursday.LIG Nex1 said it
• Samsung Card 2022 net profit up 12.9 pct to 622.3 bln won

  BRAND

  SEOUL, Feb. 9 (Yonhap) -- Samsung Card Co. on Thursday reported its 2022 net profit of 622.3 billion won (US$493.1 million), up 12.9 percent from a year earlier.The company said in a regulatory filing that it posted 848.9 billion won in operating pro
• Samsung Card Q4 net income up 28.1 pct to 165.8 bln won

  BRAND

  SEOUL, Feb. 9 (Yonhap) -- Samsung Card Co. on Thursday reported its fourth-quarter net income of 165.8 billion won (US$131.4 million), up 28.1 percent from a year earlier.The company said in a regulatory filing that it posted 228.9 billion won in ope
• 

  BRAND

  Air Busan to resume Busan-Kaohsiung route next month

  SEOUL, Feb. 9 (Yonhap) -- Air Busan Co., a budget carrier unit of Asiana Airlines Inc, said Thursday it will resume the Busan-Kaohsiung route next month as travel demand recovers amid eased virus curbs.Air Busan plans to provide four flights a week o
• 

  BRAND

  S. Korea vows to meet 'global standard' for inclusion in WGBI

  By Kang Yoon-seungSEOUL, Feb. 9 (Yonhap) -- South Korea will continue to revamp its market policies to attract more foreign investors to join the World Government Bond Index (WGBI) this year, the finance ministry said Thursday.The remark came after S
• (EDITORIAL from Korea JoongAng Daily on Feb. 9)

  BRAND

  The first impeachment of a government ministerA motion to impeach Interior Minister Lee Sang-min passed the plenary session of the National Assembly on Wednesday. The motion proposed by three opposition parties, including the majority Democratic Part
• (EDITORIAL from Korea Times on Feb. 9)

  BRAND

  Global conflicts grow: Is South Korea ready for another war among great powers?The last time the world's three great powers clashed, directly or indirectly, was the Korean War (1950-53).Seventy-three years later, the U.S. and Russia are engaged i
• (EDITORIAL from Korea Herald on Feb. 9)

  BRAND

  Dispute on start of old age: Reaching a consensus on a single numerical age of transition to seniors is no easy taskHow old is old? In South Korea, there is one simple measure. If you turn 65, you are officially identified as a senior citizen and are
• Top headlines in major S. Korean newspapers

  BRAND

  SEOUL, Feb. 9 (Yonhap) -- The following are the top in major South Korean newspapers on Feb. 9.Korean-language dailies-- Parliament passes bill to impeach safety minister (Kyunghyang Shinmun)-- Nat'l Assembly votes to impeach minister for Itaewo
• 

  BRAND

  (LEAD) NCSOFT 2022 net income up 14.4 pct on steady sales of mobile games

  (ATTN: ADDS more details throughout)SEOUL, Feb. 8 (Yonhap) -- NCSOFT Corp., a major South Korean online and mobile game developer, said Wednesday its 2022 net profit rose 14.4 percent from a year earlier on steady sales of popular mobile games and de
• Poongsan 2022 net income down 24.8 pct to 183 bln won

  BRAND

  SEOUL, Feb. 8 (Yonhap) -- Poongsan Corp. on Wednesday reported its 2022 net profit of 183 billion won (US$145.2 million), down 24.8 percent from a year earlier.The company said in a regulatory filing that operating profit for the year fell 22.7 perce
• NCSOFT 2022 net income up 14.4 pct to 452.6 bln won

  BRAND

  SEOUL, Feb. 8 (Yonhap) -- NCSOFT Corp. on Wednesday reported its 2022 net profit of 452.6 billion won (US$359.2 million), up 14.4 percent from a year earlier.The company said in a regulatory filing that it posted 559 billion won in operating profit f