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Poongsan Q2 net profit down 33.6 pct to 44.9 bln won

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SEOUL, July 28 (Yonhap) -- Poongsan Corp. on Friday reported its second-quarter net income of 44.9 billion won (US$35.2 million), down 33.6 percent from a year earlier.Operating income for the April-June period was 53.9 billion won, down 39.9 percent
S-1 Q2 net profit up 5.1 pct to 41.1 bln won

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SEOUL, July 28 (Yonhap) -- S-1 Corp. on Friday reported its second-quarter net income of 41.1 billion won (US$32.2 million), up 5.1 percent from a year earlier.The company said in a regulatory filing that it posted 54.5 billion won in operating profi
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(LEAD) LX International Q2 profit sinks 55 pct

SEOUL, July 28 (Yonhap) -- LX International Corp. said Friday its second-quarter profit shrank 55.4 percent from a year earlier as mineral prices and shipping rates remained sluggish.Operating income reached 129.2 billion won (US$101 million) for the
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(LEAD) S. Korea's exports of ice cream achieve record high in H1

(ATTN: UPDATES with more details in paras 2, 8)SEOUL, July 28 (Yonhap) -- South Korea's exports of ice cream reached a record high in the first half of 2023, data showed Friday, on the back of the growing popularity of Korean entertainment conten
LX International Q2 net income down 68.8 pct to 72.1 bln won

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SEOUL, July 28 (Yonhap) -- LX International Corp. on Friday reported its second-quarter net income of 72.1 billion won (US$56.4 million), down 68.8 percent from a year earlier.Operating profit for the April-June period was 129.2 billion won, down 55.
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N. Korea suffers economic contraction for 3rd straight year in 2022: BOK report

SEOUL, July 28 (Yonhap) -- North Korea's economy contracted for the third straight year in 2022 amid continued global sanctions, controls on border crossings and bad weather, a central bank report showed Friday.The country's economy is estima
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Banks' household lending rate up for 2nd month in June

SEOUL, July 28 (Yonhap) -- Banks' household loan rate rose for a second straight month in June as the Bank of Korea (BOK) has taken a breather in its rate hike campaign amid easing inflation and an economic slowdown, central bank data showed Frid
Kumho Tire swings to profits in Q2

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SEOUL, July 28 (Yonhap) -- Kumho Tire Co. on Friday reported its second-quarter net profit of 30.3 billion won (US$23.6 million), swinging from a loss of 29.8 billion won a year earlier.The company said in a regulatory filing that it posted 88.1 bill
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(LEAD) SK Innovation swings to red in Q2 on falling oil prices

(ATTN: RECASTS headline, lead; ADDS more details throughout)By Kim Seung-yeonSEOUL, July 28 (Yonhap) -- SK Innovation Co. said Friday it turned to the red in the second quarter as falling oil prices and thinner margins hurt its profitability.The comp
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Cigarette sales in S. Korea slightly down in H1

SEOUL, July 28 (Yonhap) -- Sales of cigarettes in South Korea moved down 0.6 percent on-year in the January-June period, data showed Friday.South Korean smokers purchased 1.77 billion 20-cigarette packs in the first half, falling from 17.8 billion pa
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S. Korea's exports of ice cream achieve record high in H1

SEOUL, July 28 (Yonhap) -- South Korea's exports of ice cream reached a record high in the first half of 2023, data showed Friday, on the back of the growing popularity of Korean entertainment content across the globe.Outbound shipments of ice cr
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(3rd LD) Industrial output, consumption, investment rise for 2nd month in June

(ATTN: UPDATES with details in last 3 paras; ADDS photo)By Kang Yoon-seungSEOUL, July 28 (Yonhap) -- South Korea's industrial output, private spending and investment rose for a second consecutive month in June amid an economic slowdown, data show
SK Innovation swings to red in Q2

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SEOUL, July 28 (Yonhap) -- SK Innovation Co. on Friday reported its second-quarter net loss of 120.4 billion won (US$93.9 million), turning from a profit of 1.33 trillion won a year earlier.The company said in a regulatory filing that it posted an op
Hyundai Glovis Q2 net profit down 4.7 pct to 290.7 bln won

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SEOUL, July 28 (Yonhap) -- Hyundai Glovis Co. on Friday reported its second-quarter net income of 290.7 billion won (US$227.5 million), down 4.7 percent from a year earlier.Operating profit for the April-June period was 412.6 billion won, down 8 perc
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(2nd LD) Industrial output, consumption, investment rise for 2nd month in June

(ATTN: UPDATES with details in paras 6-7, last 2 paras)By Kang Yoon-seungSEOUL, July 28 (Yonhap) -- South Korea's industrial output, private spending and investment rose for a second consecutive month in June amid an economic slowdown, data showe
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(LEAD) Industrial output, consumption, investment rise for 2nd month in June

(ATTN: RECASTS headline, lead; UPDATES with details throughout)By Kang Yoon-seungSEOUL, July 28 (Yonhap) -- South Korea's industrial output, private spending and investment rose for a second consecutive month in June amid an economic slowdown, da
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Industrial output edges up 0.1 pct in June on robust service sector

SEOUL, July 28 (Yonhap) -- South Korea's industrial output edged up 0.1 percent in June from a month earlier on the back of the strong service sector, data showed Friday, with retail sales and facility investment gaining ground as well.But the la
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(URGENT) Industrial output edges up 0.1 pct in June; retail sales up 1 pct

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SK reit to raise 330 bln won via stock offering

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SEOUL, July 27 (Yonhap) -- SK reit Co. on Thursday announced that it will sell stock to raise 330 billion won(US$258.3 million). The proceeds from the stock sale will be used mainly to pay off its debts.According to a regulatory filing, the company w
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(LEAD) LG H&H Q2 net profit down over 23 pct on weak beauty sales

(ATTN: RECASTS headline, lead; UPDATES throughout; ADDS photo)SEOUL, July 27 (Yonhap) -- South Korean cosmetics giant LG H&H Co. on Thursday reported its second-quarter net profit sank more than 23 percent from a year earlier due to weak cosmetics sa