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IMF official says S. Korea's economic fundamentals 'strong' with 'ample buffers' against shocks
SEOUL, Oct. 25 (Yonhap) -- South Korea's economy has "strong" fundamentals and "ample buffers" that could stand against shocks, an International Monetary Fund (IMF) official said Tuesday, shrugging off worries that recentl
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(2nd LD) Kia Q3 net plunges on engine-related provisions
(ATTN: UPDATES details in paras 9-12; CHANGES headline and lead)SEOUL, Oct. 25 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Tuesday its third-quarter net profit plunged 60 percent from a year earlier on provisions for additi
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(LEAD) S. Korea's currency closes higher after tumbling to 13-yr low
(ATTN: UPDATES throughout with details; CHANGES headline)SEJONG, Oct. 25 (Yonhap) -- The South Korean currency closed higher against the U.S. dollar Tuesday after plunging to the lowest level in more than 13 years earlier in the session amid the Fede
KB Financial Group Q3 net profit down 3.2 pct to 1.26 tln won
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SEOUL, Oct. 25 (Yonhap) -- KB Financial Group Inc. on Tuesday reported its third-quarter net income of 1.26 trillion won (US$881.7 million), down 3.2 percent from a year earlier.Operating income for the July-September period was 1.59 trillion won, do
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Philip Morris launches new IQOS ILUMA series in Korea as market for e-cigarettes grows
SEOUL, Oct. 25 (Yonhap) -- Cigarette maker Philip Morris International Inc. said Tuesday it will launch the new IQOS ILUMA e-cigarette heating device next month, as competition heats up in South Korea's growing non-combustible tobacco market.The
Hyundai Doosan Infracore Q3 net income up 41.8 pct to 65.1 bln won
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SEOUL, Oct. 25 (Yonhap) -- Hyundai Doosan Infracore Co. on Tuesday reported its third-quarter net income of 65.1 billion won (US$45.4 million), up 41.8 percent from a year earlier.Operating profit for the July-September period was 74.7 billion won, u
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(LEAD) Hana Financial's Q3 net up 21 pct on higher interest income
(ATTN: RECASTS throughout with details; ADDS image; CHANGES headline) By Chung Joo-wonSEOUL, Oct. 25 (Yonhap) -- Hana Financial Group said Tuesday its net profit jumped 20.8 percent in the third quarter from a year earlier due to higher interest inco
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(LEAD) Kia Q3 net plunges on recall costs
(ATTN: RECASTS throughout; ADDS photo)SEOUL, Oct. 25 (Yonhap) -- Kia Corp., South Korea's second-biggest carmaker, said Tuesday it third-quarter net profit plunged 60 percent from a year earlier on recall costs involving engine-related services.N
Woori Financial Group Q3 net profit up 13.2 pct to 933.4 bln won
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SEOUL, Oct. 25 (Yonhap) -- Woori Financial Group Inc. on Tuesday reported its third-quarter net profit of 933.4 billion won (US$650.8 million), up 13.2 percent from a year earlier.Operating income for the July-September period was 1.27 trillion won,
Kia Q3 net down 59.6 pct to 458.9 bln won
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SEOUL, Oct. 25 (Yonhap) -- Kia Corp. on Tuesday reported its third-quarter net income of 458.9 billion won (US$320.1 million), down 59.6 percent from a year earlier.The company said in a regulatory filing that operating income for the July-September
Hana Financial Group Q3 net profit up 20.6 pct to 1.13 tln won
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SEOUL, Oct. 25 (Yonhap) -- Hana Financial Group Inc. on Tuesday reported its third-quarter net profit of 1.13 trillion won (US$790.1 million), up 20.6 percent from a year earlier.Operating income for the July-September period was 1.47 trillion won, u
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Non-regular workers below 38 pct of total amid return to pre-pandemic normalcy
By Kang Yoon-seungSEJONG, Oct. 25 (Yonhap) -- The proportion of temporary workers in South Korea fell below 38 percent of all salaried workers in August, data showed Tuesday, as the country gradually returns to pre-pandemic normalcy.Non-regular worke
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(LEAD) Shinhan Financial Group Q3 net hits new high on higher interest income
(ATTN: RECASTS headline, lead; ADDS more details throughout, photo)SEOUL, Sept. 25 (Yonhap) -- Major South Korean financial holding firm Shinhan Financial Group Co. said Tuesday its third-quarter net profit spiked nearly 43 percent on-year to a recor
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(LEAD) Inflation expectations inch up in Oct. amid interest rate hikes: BOK survey
(ATTN: ADDS more info in last 3 paras)SEOUL, Oct. 25 (Yonhap) -- South Korea's inflation expectations edged up on-month in October amid the Bank of Korea (BOK)'s aggressive rate hikes to bring price growth under control, a central bank survey
Shinhan Financial Group Q3 net profit up 41.7 pct to 1.61 tln won
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SEOUL, Oct. 25 (Yonhap) -- Shinhan Financial Group Co. on Tuesday reported its third-quarter net income of 1.61 trillion won (US$1.1 billion), up 41.7 percent from a year earlier.Operating income for the July-September period was 1.66 trillion won, u
S. Korea's currency tumbles amid global tightening, weak Chinese yuan
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SEJONG, Oct. 25 (Yonhap) -- The South Korean currency hit a new yearly low against the U.S. dollar during the intraday trading on Tuesday, amid lingering concerns over aggressive monetary tightening in the United States and the weak Chinese yuan.The
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Inflation expectations inch up in Oct. amid interest rate hikes: BOK survey
SEOUL, Oct. 25 (Yonhap) -- South Korea's inflation expectations edged up on-month in October amid the Bank of Korea (BOK)'s aggressive rate hikes to bring price growth under control, a central bank survey showed Tuesday.Ordinary people expect
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Bourse operator decides to keep Kolon TissueGene on KOSDAQ
By Chung Joo-wonSEOUL, Oct. 24 (Yonhap) -- South Korea's bourse operator on Monday decided to keep Kolon TissueGene Inc. listed on the secondary KOSDAQ after more than three years of trading suspension of the scandal-ridden drugmaker. The trading
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(3rd LD) Hyundai Motor ups annual revenue guidance after weak Q3
(ATTN: ADDS details in last 2 paras)SEOUL, Oct. 24 (Yonhap) -- Hyundai Motor Co. on Monday raised its annual revenue and operating profit margin guidance after reporting a 5 percent on-year decline in third-quarter net profit on provisions involving
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(3rd LD) Korean Air flight overruns Cebu runway, no injuries reported
(ATTN: UPDATES with details in paras 8-9)SEOUL, Oct. 24 (Yonhap) -- Korean Air Co. said Monday its flight KE631 with 173 people on board overran the runway while landing at Cebu International Airport in the Philippines a day earlier but no injuries w
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