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• Lig Nex1 Q3 net income up 85.6 pct to 75.5 bln won

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  SEOUL, Oct. 28 (Yonhap) -- Lig Nex1 Co. on Friday reported its third-quarter net profit of 75.5 billion won (US$53.2 million), up 85.6 percent from a year earlier.Operating profit for the July-September period was 58.3 billion won, up 64.4 percent fr
• LX International Q3 net income up 38.9 pct to 247.5 bln won

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  SEOUL, Oct. 28 (Yonhap) -- LX International Corp. on Friday reported its third-quarter net profit of 247.5 billion won (US$174.6 million), up 38.9 percent from a year earlier.The company said in a regulatory filing that it posted 272.6 billion won in
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  Banks' household lending rate hits 10-yr high in September

  SEOUL, Oct. 28 (Yonhap) -- Banks' rates charged on household loans hit a 10-year high in September, raising worries that the central bank's aggressive monetary tightening leads to worsening strains on many indebted people, data showed Friday.
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  (2nd LD) Financial authorities ask institutional investors to refrain from market-destabilizing trading

  (ATTN: ADDS details in 2nd para from bottom)SEOUL, Oct. 28 (Yonhap) -- South Korea's financial authorities called for cooperation from institutional investors, including the state pension operator, to refrain from stock trading that could heighte
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  (LEAD) Financial authorities ask institutional investors to refrain from market-destabilizing trading

  (ATTN: ADDS more info in last 3 paras)SEOUL, Oct. 28 (Yonhap) -- South Korea's financial authorities called for cooperation from institutional investors, including the state pension operator, to refrain from stock trading that could heighten mark
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  (LEAD) Hyundai Mobis Q3 net rises 4.6 pct on EV parts

  (ATTN: RECASTS throughout with details; ADDS photo)SEOUL, Oct. 28 (Yonhap) -- Hyundai Mobis Co., South Korea's leading auto parts maker, said Friday its third-quarter net profit rose 4.6 percent from a year earlier on increased supplies of electr
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  Real estate speculation by foreigners on rise in S. Korea

  SEOUL, Oct. 28 (Yonhap) -- South Korea will continue to look into suspicious real estate transactions by foreigners as a recent investigation found increasing illegalities involving foreigners' home purchases, the land ministry said Friday. The p
• Financial authorities ask institutional investors to refrain from market-destablizing trading

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  SEOUL, Oct. 28 (Yonhap) -- South Korea's financial authorities called for cooperation from institutional investors, including the state pension operator, to refrain from stock trading that could heighten market swings, sources said Friday. The re
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  S. Korea's exports of pet products reach record high through Sept.

  SEOUL, Oct. 28 (Yonhap) -- South Korea's pet product exports increased 56 percent on-year through September to set a new record, data showed Friday, as more people adopted pets to find comfort amid the COVID-19 pandemic.Outbound shipments of pet
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  S. Korea to expand tariff-rate quota on energy, food imports

  By Kang Yoon-seungSEOUL, Oct. 28 (Yonhap) -- South Korea plans to expand its tariff-rate quota on energy and food imports as the country struggles to cope with inflation and the strong U.S. dollar, the finance ministry said Friday.The tariff-rate quo
• Hyundai Development Q3 net income down 34 pct to 28.9 bln won

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  SEOUL, Oct. 28 (Yonhap) -- Hyundai Development Co. on Friday reported its third-quarter net profit of 28.9 billion won (US$20.4 million), down 34 percent from a year earlier.The company said in a regulatory filing that it posted 69.6 billion won in o
• Hyundai Mobis Q3 net profit up 4.6 pct to 559.9 bln won

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  SEOUL, Oct. 28 (Yonhap) -- Hyundai Mobis Co. on Friday reported its third-quarter net profit of 559.9 billion won (US$394.4 million), up 4.6 percent from a year earlier.The company said in a regulatory filing that it posted 576 billion won in operati
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  BOK announces rate-setting meeting schedule for next year

  SEOUL, Oct. 28 (Yonhap) -- The Bank of Korea (BOK) will hold its rate-setting meeting a total of eight times in 2023, with the year's first gathering of monetary policymakers set for Jan. 13, the central bank said Friday. The meeting will also be
• Samsung Engineering Q3 net income up 65.6 pct to 162.2 bln won

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  SEOUL, Oct. 28 (Yonhap) -- Samsung Engineering Co. on Friday reported its third-quarter net profit of 162.2 billion won (US$114 million), up 65.6 percent from a year earlier.The company said in a regulatory filing that it posted 160.5 billion won in
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  S. Korea to release vegetable, salt reserves amid price hikes

  By Kang Yoon-seungSEOUL, Oct. 28 (Yonhap) -- South Korea plans to release its stockpile of vegetables and salt to cope with the lingering inflation for the annual kimchi-making period ahead of winter, the government said Friday.Under the plan, South
• (EDITORIAL from Korea Times on Oct. 28)

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  Unwelcome record profitsFour banking groups hit for usurious practiceThe country's four financial holding firms reaped a record combined net profit of 13.85 trillion won ($9.77 billion) in the first nine months of this year. The sum is expected t
• (EDITORIAL from Korea JoongAng Daily on Oct. 28)

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  Hopes for new Samsung chairmanSamsung Electronics appointed Lee Jae-yong as chairman in a board meeting Thursday. The decision came 10 years after his promotion to vice chairman of the largest company in Korea in December 2012 and two years after the
• Top headlines in major S. Korean newspapers

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  SEOUL, Oct. 28 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 28.Korean-language dailies-- S. Korea to ease LTV ratio to 50 percent for first-time homebuyers, single-home owners (Kyunghyang Shinmun)-- LTV to also be s
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  (2nd LD) Gangwon Province to repay Legoland Korea developer's debt by Dec. 15

  (ATTN: UPDATES with governor's quote, photo)CHUNCHEON, South Korea, Oct. 27 (Yonhap) -- The Gangwon provincial government said Thursday it will fulfill its debt payment guarantee for the developer of Legoland Korea Resort by mid-December, over on
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  KAI wins deal to develop attack helicopters for Marines

  SEOUL, Oct. 27 (Yonhap) -- Korea Aerospace Industries (KAI) said Thursday it has won a contract to develop and supply homegrown amphibious attack helicopters for the Marine Corps.South Korea's sole aircraft maker unveiled the 438.4 billion-won (U