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  Ex-Kumho Asiana chief gets 10-yr prison term for unfair deals, embezzlement

  SEOUL, Aug. 17 (Yonhap) -- Park Sam-koo, former chairperson of Kumho Asiana Group, was sentenced to 10 years in prison Wednesday for embezzlement of company funds, breach of trust and fair trade law violations.The Seoul Central District Court made th
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  Over 6 in 10 firms eye drop in H2 exports

  SEOUL, Aug. 17 (Yonhap) -- More than 6 in 10 South Korean companies expect the country's exports to fall in the second half of the year from six months earlier on weaker demand in China and other negative factors, a poll showed Wednesday.The surv
• Delinquency ratio on won-denominated bank loans down in June

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  SEOUL, Aug. 17 (Yonhap) -- The delinquency ratio on loans extended by banks in South Korea fell in June from a month earlier, with the ratios on lending to households and businesses both down, the financial watchdog said Wednesday.The delinquency rat
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  S. Korea calls for global cooperation against crimes in fast-growing digital asset market

  SEOUL, Aug. 17 (Yonhap) -- A top financial regulator said Wednesday that it is necessary to step up global cooperation in effectively responding to crimes involving digital assets as transactions take place across borders with their impact on traditi
• Korea Line H1 net hits new high

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  SEOUL, Aug. 17 (Yonhap) -- Korea Line Corp., South Korea's No. 2 bulk carrier, said Wednesday its earnings reached a new all-time high in the first half of the year amid high freight rates.Net income came to 144.2 billion won (US$110 million) in
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  S. Korea's contraband trade jumps 60 pct in H1

  SEJONG, Aug. 17 (Yonhap) -- South Korea's contraband trade shot up 60 percent in the first half of the year on a spike in tariff evasion and country-of-origin violations, the customs agency said Wednesday.The Korea Customs Service (KCS) said it d
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  S. Korean team completes development of testing equipment for NASA's SPHEREx telescope

  SEOUL, Aug. 17 (Yonhap) -- A team of South Korean scientists has completed the development of key testing equipment for SPHEREx, the world's first all-sky spectral space telescope being constructed under the leadership of the U.S. National Aerona
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  Lotte chairman highest paid among chaebol leaders in H1

  SEOUL, Aug. 16 (Yonhap) -- Lotte Group Chairman Shin Dong-bin was the highest paid among leaders of top conglomerates during the first half of the year, data showed Tuesday.Shin topped the list by receiving 10.28 billion won (US$7.84 million) from si
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  DSME's net losses narrow in H1 on new orders

  SEOUL, Aug. 16 (Yonhap) -- South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Tuesday its net losses narrowed in the first half from a year earlier, thanks to increased orders.DSME, the world's No. 4 shipbuilder by ord
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  FSS chief says preparations under way to inspect brokerages for illegal short selling

  SEOUL, Aug. 16 (Yonhap) -- South Korea's financial regulator chief on Tuesday underlined the need to keep tabs on illegal stock short selling, saying that his agency is preparing to inspect brokerages where such transactions have been concentrate
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  SK Group, Bill Gates discuss strengthening cooperation in global public health

  SEOUL, Aug. 16 (Yonhap) -- Top executives of South Korea's SK Group met with Microsoft co-founder and billionaire philanthropist Bill Gates on Tuesday and discussed ways to strengthen cooperation in global public health, group officials said.Gate
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  (LEAD) Gov't to supply 2.7 mln homes in next 5 years

  (ATTN: UPDATES with details throughout; ADDS photos)By Choi Kyong-ae SEOUL, Aug. 16 (Yonhap) -- South Korea will supply 2.7 million new homes in the next five years by easing regulations for redevelopment and reconstruction and allowing the private s
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  Nongshim net up 53.4 pct on global popularity of instant noodles

  SEOUL, Aug. 16 (Yonhap) -- South Korean instant noodle maker Nongshim Co. said Tuesday its second-quarter net profit rose 53.4 percent from a year earlier, thanks to growing sales of its instant noodles in global markets.Nongshim logged a net profit
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  SsangYong Motor net losses narrow in H1 on exports

  SEOUL, Aug. 16 (Yonhap) -- SsangYong Motor Co., the South Korean unit of Mahindra & Mahindra Ltd., said Tuesday its net losses narrowed in the first half from a year earlier, helped by increased exports. Net losses for the six months ending in June n
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  (LEAD) Online lender K-Bank's H1 net hits record high

  (ATTN: ADDS details in paras 5-6)SEOUL, Aug. 16 (Yonhap) -- South Korean online lender K-Bank said Tuesday it posted the strongest performance for any first half on increased interest revenue.K-Bank's first-half net income stood at 45.7 billion w
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  Antitrust regulator to prioritize addressing damage to victims of unfair biz acts

  SEJONG, Aug. 16 (Yonhap) -- South Korea's antitrust regulator said Tuesday it plans to focus on how to swiftly address damage to victims of unfair business acts, rather than punishing companies, in an effort to overhaul its law enforcement proced
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  Samsung SDI sets up R&D centers in U.S., Germany

  SEOUL, Aug. 16 (Yonhap) -- South Korean battery maker Samsung SDI Co. said Tuesday it has established research and development (R&D) centers in the United States and Germany in a bid to bolster its technological competitiveness through regional colla
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  Gov't to supply 2.7 mln homes in next 5 years

  SEOUL, Aug. 16 (Yonhap) -- South Korea will supply 2.7 million new homes in the next five years by easing regulations for redevelopment and reconstruction and allowing the private sector to join downtown development projects, the transport ministry s
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  Online lender K-Bank's H1 net hits record

  SEOUL, Aug. 16 (Yonhap) -- South Korean online lender K-Bank said Tuesday it posted the strongest performance for any first half on increased interest revenue.K-Bank's first-half net income stood at 45.7 billion won (US$34.9 million), far beyond
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  LG Chem to build bioplastic plants in Illinois with U.S. food processor

  SEOUL, Aug. 16 (Yonhap) -- LG Chem Ltd. said Tuesday it will build two production facilities in the U.S. state of Illinois with a U.S. food processing company to produce a biodegradable plastic widely used in food packaging. Under the two joint ventu