BRAND

• 

  BRAND

  Hanwha signs US$3.5 billion contract to supply Chunmoo MLRS to Poland

  SEOUL, Nov. 4 (Yonhap) --- Hanwha Aerospace Co. of South Korea signed an executive contract, worth US$3.55 billion, with Poland for the supply of Chunmoo multiple launch rocket systems, Seoul's defense authorities announced Friday.The two sides s
• 

  BRAND

  (LEAD) S. Korea sends letter explaining stance on IRA to U.S.

  (ATTN: ADDS more info in paras 6-11, 14)SEOUL, Nov. 4 (Yonhap) -- South Korea on Friday sent an official written opinion to the United States regarding an act that excludes electric vehicles (EVs) assembled outside of North America from tax credits.T
• Lotte Shopping turns to red in Q3

  BRAND

  SEOUL, Nov. 4 (Yonhap) -- Lotte Shopping Co. on Friday reported its third-quarter net loss of 95.1 billion won (US$67 million), shifting from a profit of 305.8 billion won a year earlier.The company said in a regulatory filing that operating profit f
• Land minister to visit Saudi Arabia to help win construction deals

  BRAND

  SEOUL, Nov. 4 (Yonhap) -- South Korea's land and transport minister will visit Saudi Arabia to attend a road show for Korean companies and help them win local construction projects, the ministry said Friday. Minister Won Hee-ryong will leave for
• 

  BRAND

  (Yonhap Interview) S. Korea's interest rate is too low: former World Bank chief economist

  By Chung Joo-won SEOUL, Nov. 4 (Yonhap) -- A former World Bank chief economist has said South Korea's key interest rate is too low, noting interest rate below the inflation rate is never stable.Last month, the Bank of Korea raised its key policy
• S. Korea sends letter explaining stance on IRA to U.S.

  BRAND

  SEOUL, Nov. 4 (Yonhap) -- South Korea on Friday sent an official written opinion to the United States regarding an act that excludes electric vehicles (EVs) assembled outside of North America from tax credits.The Inflation Reduction Act (IRA), signed
• Kumho Petro Chemical Q3 net profit down 65.1 pct to 210.8 bln won

  BRAND

  SEOUL, Nov. 4 (Yonhap) -- Kumho Petro Chemical Co. on Friday reported its third-quarter net income of 210.8 billion won (US$148.9 million), down 65.1 percent from a year earlier.The company said in a regulatory filing that operating profit for the Ju
• 

  BRAND

  (LEAD) LG Uplus Q3 net income down 19.1 pct to 170.8 bln won on interest costs

  (ATTN: RECASTS throughout with details; CHANGES headline; ADDS photo)SEOUL, Nov. 4 (Yonhap) -- LG Uplus Corp. on Friday reported its third-quarter net profit of 170.8 billion won (US$119.6 million), down 19.1 percent from a year earlier, due to incre
• S. Korea expresses hopes to expand economic ties with Germany amid supply chain disruptions

  BRAND

  SEOUL, Nov. 4 (Yonhap) -- South Korea wishes to expand industrial ties with Germany, including bolstering supply chains between the two countries, amid the growing global economic uncertainties, a trade ministry official said Friday.Yoon Chang-hyun,
• LG Uplus Q3 net income down 19.1 pct to 170.8 bln won

  BRAND

  SEOUL, Nov. 4 (Yonhap) -- LG Uplus Corp. on Friday reported its third-quarter net profit of 170.8 billion won (US$119.6 million), down 19.1 percent from a year earlier.Operating income for the July-September period was 285.1 billion won, up 3 percent
• (URGENT) S. Korea reports 35 COVID-19 deaths, total at 29,315: KDCA

  BRAND

  (END)
• 

  BRAND

  Finance minister vows to support shipping firms, startups amid recession woes

  By Kang Yoon-seungSEOUL, Nov. 4 (Yonhap) -- South Korea plans to provide a wide array of support to local shippers and venture companies to add vitality to the weak investment sentiment amid the looming global recession, the finance minister said Fri
• 

  BRAND

  Korean Air Q3 net profit more than triples on booming travel demand

  SEOUL, Nov. 3 (Yonhap) -- Korean Air Lines Co., South Korea's national flag carrier, said Thursday its third-quarter net profit more than tripled on recovering travel demand following eased antivirus curbs.Net income for the three months that end
• 

  BRAND

  (LEAD) BGF Retail Q3 net up over 40 pct on improved product mix

  SEOUL, Nov. 3 (Yonhap) -- BGF Retail, the operator of CU convenience stores, said Thursday its third quarter net profit rose 40.6 percent thanks to an improved product mix.Net profit came to 69.3 billion won (US$48.7 million won) on a consolidated ba
• 

  BRAND

  (LEAD) KT&G Q3 net jumps 29 pct on strong exports and weak won

  (ATTN: RECASTS throughout; ADDS photo)SEOUL, Nov. 3 (Yonhap) -- KT&G Corp., South Korea's dominant tobacco company, said Thursday its third-quarter net profit jumped 29 percent from a year earlier on increased exports and a weak won. Net profit f
• 

  BRAND

  (2nd LD) Finance ministry monitoring impact of Fed rate hike, N. Korea's provocations

  (ATTN: UPDATES figures in last 2 paras)By Kang Yoon-seungSEOUL, Nov. 3 (Yonhap) -- South Korea's finance ministry said Thursday it is closely monitoring the potential impact of the U.S. Federal Reserve's overnight rate hike and North Korean p
• 

  BRAND

  (2nd LD) SK Innovation logs steep Q3 net decline amid falling oil prices

  (ATTN: ADDS closing share price at bottom)By Kim Seung-yeonSEOUL, Nov. 3 (Yonhap) -- SK Innovation Co. said Thursday its third-quarter net profit sank 65.5 percent from a year earlier on narrowing refinery margins amid a fall in global oil prices.Net
• Hankook & Company Q3 net income up 16.7 pct to 72.3 bln won

  BRAND

  SEOUL, Nov. 3 (Yonhap) -- Hankook & Company Co. on Thursday reported its third-quarter net profit of 72.3 billion won (US$50.7 million), up 16.7 percent from a year earlier.The company said in a regulatory filing that operating profit for the July-Se
• KT&G Q3 net profit up 28.8 pct to 463.1 bln won

  BRAND

  SEOUL, Nov. 3 (Yonhap) -- KT&G Corp. on Thursday reported its third-quarter net income of 463.1 billion won (US$325.3 million), up 28.8 percent from a year earlier.The company said in a regulatory filing that it posted 405.6 billion won in operating
• Ssangyong C&E Q3 net income down 71.9 pct to 20.5 bln won

  BRAND

  SEOUL, Nov. 3 (Yonhap) -- Ssangyong C&E Co. on Thursday reported its third-quarter net profit of 20.5 billion won (US$14.4 million), down 71.9 percent from a year earlier.The company said in a regulatory filing that it posted 36.1 billion won in oper