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  Lotte Confectionery's Q2 net profit doubles on growth of overseas sales

  SEOUL, Aug. 9 (Yonhap) -- Lotte Confectionery Co., the snack and food manufacturing unit of South Korea's Lotte Group, said Tuesday its net profit nearly doubled in the second quarter from a year earlier, boosted by a stellar growth of the compan
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  Top 4 biz groups take up 20 pct of S. Korea's corporate sales

  SEOUL, Aug. 9 (Yonhap) -- South Korea's top four conglomerates account for nearly 20 percent of the country's overall corporate sales, a corporate tracker said Tuesday, pointing to their big clout in Asia's fourth-largest economy.Combined
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  Heavy downpours hit retail sector, causing store closures and delivery delays

  SEOUL, Aug. 9 (Yonhap) -- The heavy downpours that have pummeled Seoul and central regions of South Korea also hit the retail industry, causing closures of department stores and delayed deliveries of goods to consumers.Parts of Seoul and the surround
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  Manufacturers' domestic supply grows for 6th quarter in Q2

  SEOUL, Aug. 9 (Yonhap) -- South Korean manufacturers' domestic supply increased for the sixth straight quarter in the April-June period as exports remained robust despite the global economic slowdown, data showed Tuesday.The manufacturing domesti
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  HD Hyundai unit commercializes Level 2 autonomous navigation system

  SEOUL, Aug. 9 (Yonhap) -- Avikus, a unit of South Korea's leading shipbuilding group, HD Hyundai, said Tuesday it has commercialized its Level 2 autonomous navigation system for the first time in the shipbuilding industry. Avikus has signed a dea
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  (LEAD) SK Telecom Q2 net income down 67.6 pct after spinoff of chip biz

  (ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, Aug. 9 (Yonhap) -- SK Telecom Co., South Korea's largest wireless carrier, said Tuesday that its second-quarter net profit dropped 67.6 percent from a year earlier due mainly t
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  S. Korean shipbuilders bag over half of new global orders in July

  SEOUL, Aug. 9 (Yonhap) -- South Korean shipbuilders won more than half of new global ship orders in July to take the top spot in the world for the third straight month, industry data showed Tuesday.Local shipyards, led by Hyundai Heavy Industries Co.
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  S. Korea postpones announcement of housing supply plan due to downpours

  SEOUL, Aug. 9 (Yonhap) -- The government on Tuesday postponed its planned announcement of housing supply measures in a bid to focus on responding to damage from overnight heavy downpours.The government had planned to announce details of its plan to s
• SK Telecom Q2 net income down 67.6 pct. to 258.1 bln won

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  SEOUL, Aug. 9 (Yonhap) -- SK Telecom Co. on Tuesday reported a second-quarter net profit of 258.1 billion won (US$197.7 million), down 67.6 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June p
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  SK Geocentric to build advanced packaging material factory in China

  SEOUL, Aug. 9 (Yonhap) -- SK Geocentric Co., a chemical unit of South Korean's No. 2 conglomerate SK Group, said Tuesday it is building a plant in China that will produce a high value-added packaging material to expand its presence in Asia's
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  (LEAD) NHN shifts to loss in Q2 on financial asset losses, increased marketing

  (ATTN: RECASTS with more details; CHANGES headline; ADDS image)SEOUL, Aug. 9 (Yonhap) -- NHN Corp., a leading South Korean information technology company, said Tuesday it swung to a net loss in the second quarter from a year earlier due to losses fro
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  KEPCO expected to log huge Q2 loss on high costs

  SEOUL, Aug. 9 (Yonhap) -- The state-run Korea Electric Power Corp. (KEPCO) likely posted a massive loss in the second quarter due to surging costs following record red ink three months earlier, a market tracker said Tuesday.The market consensus of KE
• NHN turns to loss in Q2

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  SEOUL, Aug. 9 (Yonhap) -- NHN Corp. on Tuesday reported a second-quarter net loss of 5.3 billion won (US$4.1 million), from a profit of 15.2 billion won a year earlier.The company said in a regulatory filing that it posted 5.2 billion won in operatin
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  (Yonhap Interview) Fintech startup AIM aims to bring professional wealth services to ordinary investors

  By Woo Jae-yeonSEOUL, Aug. 9 (Yonhap) -- Jihae Jenna Lee, a former portfolio manager at Boston-based hedge fund Acadian Asset Management, last year extended her "funeral date" by another five years.Her robo-advisor asset management compan
• Top headlines in major S. Korean newspapers

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  SEOUL, Aug. 9 (Yonhap) -- The following are the top in major South Korean newspapers on Aug. 9.Korean-language dailies-- Downpours hit greater Seoul area; roads leading back home swamped with rain (Kyunghyang Shinmun)-- Park Soon-ae resigns; Yoon sa
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  S. Korean knock-down car maker in India disputes court injunction banning 'Hyundai' name use

  SEOUL, Aug. 8 (Yonhap) -- Hyundai Global Motors (HGM), the Indian unit of South Korean knock-down car manufacturer Global Motors, on Monday disputed a recent Indian court ruling against its alleged trademark violation of Korean auto giant Hyundai Mot
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  Policy lenders to expand small firm loans with low, fixed rates: FSC

  SEOUL, Aug. 8 (Yonhap) -- South Korea's financial regulator said Monday state-run policy lenders plan to increase loans with low and fixed interest rates to small firms to help ease their financial burdens caused by high inflation and rising borr
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  U.S.-led chip alliance not aimed at excluding China: S. Korean industry minister

  SEOUL, Aug. 8 (Yonhap) -- South Korea is reviewing its possible participation in the U.S.-led semiconductor alliance from the perspective of national interest and has no intent to build an exclusive grouping against China, the industry minister said
• SK Chemicals Q2 net income down 13 pct. to 60.3 bln won

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  SEOUL, Aug. 8 (Yonhap) -- SK Chemicals Co. on Monday reported its second-quarter net profit of 60.3 billion won (US$46.2 million), down 13 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June pe
• CJ Logistics Q2 net income up 35.9 pct to 67.1 bln won

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  SEOUL, Aug. 8 (Yonhap) -- CJ Logistics Corp. on Monday reported its second-quarter net income of 67.1 billion won (US$51.4 million), up 35.9 percent from a year earlier.Operating income for the April-June period was 116.1 billion won, up 28.2 percent