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Seoul to ease lending rules for first-time homebuyers
SEOUL, Oct. 27 (Yonhap) -- South Korea will ease lending rules for first-time homebuyers and single-home owners next year as the once red-hot housing market appears to be entering a downturn amid rising interest rates, financial authorities said Thur
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(LEAD) Yoon calls on all ministries to focus on promoting industries
(ATTN: UPDATES with Yoon's remarks during meeting; CHANGES headline, photos)By Lee Haye-ahSEOUL, Oct. 27 (Yonhap) -- President Yoon Suk-yeol instructed all government ministries on Thursday to gear their efforts toward promoting industries and bo
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S. Korea to sell 7 tln won worth of gov't bonds in November
SEOUL, Oct. 27 (Yonhap) -- South Korea plans to sell 7 trillion won (US$4.93 billion) in government bonds next month, the finance ministry said Thursday.The ministry will issue 1.1 trillion won in Treasurys with a two-year maturity, another 1 trillio
HL Mando Q3 net income up 419.7 pct to 135.2 bln won
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SEOUL, Oct. 27 (Yonhap) -- HL Mando Co. on Thursday reported its third-quarter net income of 135.2 billion won (US$95.4 million), up 419.7 percent from a year earlier.The company said in a regulatory filing that it posted 76.6 billion won in operatin
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(LEAD) LG Household Q3 profit drops over 46 pct on sluggish sales in China
SEOUL, Oct. 27 (Yonhap) -- LG Household & Health Care Ltd., a major South Korean cosmetics and household goods maker, said Thursday its net profit plunged 46.8 percent in the third quarter from a year earlier due to a persistent slump in its China bu
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(3rd LD) Samsung logs profit drop on weak demand, reaffirms no production cut
(ATTN: ADDS share price at bottom)By Woo Jae-yeonSEOUL, Oct. 27 (Yonhap) -- Samsung Electronics Co. on Thursday posted a sharp drop in profits for the third quarter, as its main semiconductor business faced major headwinds from weakening memory chip
NH Investment & Securities Q3 net profit down 94.4 pct to 11.9 bln won
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SEOUL, Oct. 27 (Yonhap) -- NH Investment & Securities Co. on Thursday reported its third-quarter net income of 11.9 billion won (US$8.4 million), down 94.4 percent from a year earlier.The company said in a regulatory filing that operating profit for
LG H&H Q3 net income down 46.8 pct to 127.4 bln won
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SEOUL, Oct. 27 (Yonhap) -- LG H&H Co. on Thursday reported its third-quarter net profit of 127.4 billion won (US$89.9 million), down 46.8 percent from a year earlier.The company said in a regulatory filing that operating profit for the July-September
(2nd LD) S-Oil swings to red in Q3 on falling oil prices, currency loss
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(ATTN: ADDS closing share price at bottom)SEOUL, Oct. 27 (Yonhap) -- S-Oil Corp. said Thursday it swung to the red in the third quarter from a year earlier on weaker margins from falling oil prices and currency loss.The company reported a net loss of
(2nd LD) Hanwha Solutions logs record high profit in Q3 on robust solar panel demand
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(ATTN: ADDS closing share price at bottom)SEOUL, Oct. 27 (Yonhap) -- Hanwha Solutions Corp., an energy unit of Hanwha Group, said Thursday it reaped a record high profit in the third quarter of the year on the back of solid solar panel demand in the
DL E&c Q3 net income down 22.4 pct to 160 bln won
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SEOUL, Oct. 27 (Yonhap) -- DL E&c Co. on Thursday reported its third-quarter net profit of 160 billion won (US$112.9 million), down 22.4 percent from a year earlier.Operating profit for the July-September period was 116.4 billion won, down 55.1 perce
BNK Financial Group Q3 net income down 4.6 pct to 273.1 bln won
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SEOUL, Oct. 27 (Yonhap) -- BNK Financial Group Inc. on Thursday reported its third-quarter net income of 273.1 billion won (US$192.8 million), down 4.6 percent from a year earlier.The company said in a regulatory filing that operating income for the
(LEAD) Hanwha Solutions logs record high profit in Q3 on robust solar panel demand
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SEOUL, Oct. 27 (Yonhap) -- Hanwha Solutions Corp., an energy unit of Hanwha Group, said Thursday it reaped a record high profit in the third quarter of the year on the back of solid solar panel demand in the United States and Europe. Operating income
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(LEAD) HD Hyundai net profit spikes more than 11-fold in Q3
SEOUL, Oct. 27 (Yonhap) -- South Korean shipbuilding, oil refining and machinery conglomerate HD Hyundai said Thursday its third-quarter earnings shot up more than 11-fold on-year as all its subsidiaries were profitable.Consolidated net income stood
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(LEAD) Korea Shipbuilding's net soars 64 pct in Q3
(ATTN: RECASTS slug, headline, lead; UPDATES throughout; ADDS image) SEOUL, Oct. 27 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday its third-quarter earnings jumped more than 60 percent on-year on more orders for high-
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(LEAD) Gangwon Province to repay Legoland Korea developer's debt by Dec. 15
(ATTN: UPDATES with more details and background in paras 8-10, 12-13)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
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(LEAD) Hyundai Steel Q3 net down by more than half on price falls, rising costs
(ATTN: CHANGES headline, lead; ADDS info throughout)SEOUL, Oct. 27 (Yonhap) -- Hyundai Steel Co., South Korea's No. 2 steelmaker, said Thursday its third-quarter net profit fell by more than half from a year earlier due to falling prices and risi
Poongsan Q3 net profit down 62.1 pct to 23.3 bln won
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SEOUL, Oct. 27 (Yonhap) -- Poongsan Corp. on Thursday reported its third-quarter net income of 23.3 billion won (US$16.4 million), down 62.1 percent from a year earlier.The company said in a regulatory filing that operating income for the July-Septem
Lotte Fine Chemical Q3 net income down 89 pct to 22.5 bln won
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SEOUL, Oct. 27 (Yonhap) -- Lotte Fine Chemical Co. on Thursday reported its third-quarter net income of 22.5 billion won (US$15.9 million), down 89 percent from a year earlier.The company said in a regulatory filing that it posted 120.4 billion won i
Hyundai Steel Q3 net profit down 55.7 pct to 263.8 bln won
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SEOUL, Oct. 27 (Yonhap) -- Hyundai Steel Co. on Thursday reported its third-quarter net profit of 263.8 billion won (US$185.9 million), down 55.7 percent from a year earlier.Operating profit for the July-September period was 373 billion won, down 54.
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