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  Kakao Bank Q3 net hits record high on interest income

  SEOUL, Nov. 2 (Yonhap) -- South Korean online lender Kakao Bank said Wednesday its third-quarter net profit hit a record high this year on growth in interest revenue. Consolidated net profit stood at 78.7 billion won (US$55.4 million) in the July-Sep
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  S. Korea's consumer prices up 5.7 pct on-year in Oct.

  By Kang Yoon-seungSEOUL, Nov. 2 (Yonhap) -- South Korea's on-year growth in consumer prices accelerated from the previous month in October, data showed Wednesday, staying above the 5 percent level for six consecutive months amid lingering global
• (URGENT) S. Korea's consumer prices up 5.7 pct on-year in Oct.

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  Lotte Shopping partners with Ocado of Britain to expand e-grocery biz

  SEOUL, Nov. 1 (Yonhap) -- Lotte Shopping Co. said Tuesday it has partnered with Britain's Ocado Group Plc., a leading online grocery tech platform provider, to strengthen its e-grocery business.Through the partnership, Lotte Shopping, the retail
• Hanatour Service shifts to red in Q3

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  SEOUL, Nov. 1 (Yonhap) -- Hanatour Service Inc. on Tuesday reported a third-quarter net loss of 22.2 billion won (US$15.6 million), shifting from a profit of 49.4 billion won a year earlier.The company said in a regulatory filing that it continued to
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  Some BOK board members call for more moderate rate hike due to economic slowdown worries: minutes

  SEOUL, Nov. 1 (Yonhap) -- Some policymakers of the Bank of Korea (BOK) voiced concerns that a sharp rate hike could excessively cool the economy when they gathered to determine the trajectory of the central bank's monetary policy, minutes of thei
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  POSCO International signs preliminary deal with Dutch firm for hyperloop development

  SEOUL, Nov. 1 (Yonhap) -- POSCO International Corp. said Tuesday it has signed an initial deal with a Dutch partner for collaboration in a next-generation transportation system.The agreement with Hardt Hyperloop commits the South Korean company to pr
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  Kia's Oct. sales rise 8.6 pct despite chip shortage

  SEOUL, Nov. 1 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Tuesday its sales rose 8.6 percent last month from a year earlier despite an extended chip shortage. Kia sold a total of 238,660 vehicles in October, up from 219,83
• Doosan Enerbility Q3 net income up 28.4 pct to 144.5 bln won

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  SEOUL, Nov. 1 (Yonhap) -- Doosan Enerbility Co. on Tuesday reported its third-quarter net profit of 144.5 billion won (US$102 million), up 28.4 percent from a year earlier.The company said in a regulatory filing that operating income for the July-Sep
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  S. Korea aims to take up 40 percent of global secondary battery market by 2030

  SEOUL, Nov. 1 (Yonhap) -- South Korean battery firms will invest a combined more than 50 trillion won (US$35.24 billion) at home by 2030 to secure advanced technologies in the secondary battery field, a move that could to make the country the world&#
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  GM Korea's Oct. sales nearly quadruple on strong exports

  SEOUL, Nov. 1 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Tuesday its sales nearly quadrupled last month from a year earlier on strong exports.GM Korea sold 26,811 vehicles in October, up from 6,875 units a year ago de
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  Renault Korea's Oct. sales jump 66 pct on robust exports

  SEOUL, Nov. 1 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Tuesday its sales jumped 66 percent last month from a year earlier on robust exports. Renault Korea sold a total of 19,258 vehicles in October, up from 11,627
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  FSS chief asks for financial firms' cooperation to ease liquidity shortages

  SEOUL, Nov. 1 (Yonhap) -- South Korea's financial regulator called Tuesday for cooperation from major banks and other financial entities to ease market jitters over liquidity shortages.Lee Bok-hyun, chief of the Financial Supervisory Service (FSS
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  Hyundai's Oct. sales rise 12 pct despite chip shortage

  SEOUL, Nov. 1 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Tuesday its sales rose 12 percent last month from a year earlier despite an extended chip shortage.Hyundai sold a total of 347,324 vehicles in October, up from 309,
• Hanmi Science Q3 net income down 4.8 pct to 15.4 bln won

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  SEOUL, Nov. 1 (Yonhap) -- Hanmi Science Co. on Tuesday reported its third-quarter net income of 15.4 billion won (US$10.8 million), down 4.8 percent from a year earlier.The company said in a regulatory filing that it posted 16.9 billion won in operat
• S. Korea eyes to foster new growth engines amid exports slump

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  By Kang Yoon-seungSEJONG, Nov. 1 (Yonhap) -- South Korea's finance minister said Tuesday the country needs to foster new growth engines to seek a turnaround in monthly exports, although a rebound may take some time amid global economic jitters.
• Hanmi Pharm Q3 net income up 11.5 pct to 31.3 bln won

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  SEOUL, Nov. 1 (Yonhap) -- Hanmi Pharm Co. on Tuesday reported its third-quarter net profit of 31.3 billion won (US$22.1 million), up 11.5 percent from a year earlier.The company said in a regulatory filing that it posted 46.8 billion won in operating
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  SsangYong's Oct. sales nearly triple on strong demand at home, abroad

  SEOUL, Nov. 1 (Yonhap) -- SsangYong Motor Co. said Tuesday its sales nearly tripled last month from a year earlier, helped by increased demand at home and abroad.SsangYong Motor sold 13,156 vehicles in October, up from 4,749 units a year earlier desp
• Green Cross Q3 net profit down 27 pct to 42.4 bln won

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  SEOUL, Nov. 1 (Yonhap) -- Green Cross Corp. on Tuesday reported its third-quarter net income of 42.4 billion won (US$29.9 million), down 27 percent from a year earlier.The company said in a regulatory filing that it posted 48.8 billion won in operati
• F&F Q3 net income up 54.1 pct to 109.6 bln won

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  SEOUL, Nov. 1 (Yonhap) -- F&F Co. on Tuesday reported its third-quarter net profit of 109.6 billion won (US$77.3 million), up 54.1 percent from a year earlier.Operating income for the July-September period was 138.4 billion won, up 44.6 percent from