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• Green Cross Q2 net income up 45.3 pct to 10.9 bln won

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  SEOUL, Aug. 1 (Yonhap) -- Green Cross Corp. on Monday reported its second-quarter net income of 10.9 billion won (US$8.3 million), up 45.3 percent from a year earlier.Operating income for the April-June period was 13.1 billion won, up 18 percent from
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  (2nd LD) Exports up 9.4 pct in July; trade deficit extended for 4th month

  (ATTN: ADDS more detailed info, minister's comments in paras 5, 10-19)By Oh Seok-minSEOUL, Aug. 1 (Yonhap) -- South Korea suffered a trade deficit for the fourth consecutive month in July over high global energy prices, though its exports rose 9.
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  Lotte Confectionary, Hyundai Oilbank team up for biodiesel business

  SEOUL, Aug. 1 (Yonhap) -- Lotte Confectionary said Monday it has inked a strategic partnership with Hyundai Oilbank, a major South Korean refiner, to make forays into the biodiesel fuel business.Biodiesel is an alternative fuel similar to fossil dies
• Lotte Chilsung Q2 net up 31.8 pct. to 41.5 bln won

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  SEOUL, Aug. 1 (Yonhap) -- Lotte Chilsung Beverage Co. on Monday reported its second-quarter net profit of 41.5 billion won (US$31.8 million), up 31.8 percent from a year earlier.Operating profit for the April-June period was 63.8 billion won, up 39.9
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  Online shopping up around 10 pct in June amid eased virus curbs

  SEOUL, Aug. 1 (Yonhap) -- Online shopping in South Korea rose around 10 percent in June from a year ago as the lifting of COVID-19 restrictions boosted demand for travel and leisure services and food, data showed Monday.The value of online shopping t
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  (LEAD) Pan Ocean Q2 net gains almost 2.5-fold on higher freight rates

  (ATTN: UPDATES throughout with details; CHANGES headline; ADDS photo) SEOUL, Aug. 1 (Yonhap) -- Pan Ocean Co., South Korea's leading bulk carrier, said Monday its second-quarter net profit rose nearly 2.5-fold from a year earlier on high freight
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  (LEAD) BOK sees small incremental rate increases as 'appropriate'

  (ATTN: ADDS BOK chief's comments in paras 8-9)SEOUL, Aug. 1 (Yonhap) -- South Korea's central bank said Monday it is "appropriate" to raise its key interest rate in small increments going forward as long as inflation and growth tr
• F&F Q2 net income up 118 pct to 69.2 bln won

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  SEOUL, Aug. 1 (Yonhap) -- F&F Co. on Monday reported its second-quarter net income of 69.2 billion won (US$53 million), up 118 percent from a year earlier.The company said in a regulatory filing that it posted 95 billion won in operating profit for t
• Pan Ocean Q2 net profit up 146.8 pct to 224.8 bln won

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  SEOUL, Aug. 1 (Yonhap) -- Pan Ocean Co. on Monday reported its second-quarter net profit of 224.8 billion won (US$172.2 million), up 146.8 percent from a year earlier.The company said in a regulatory filing that it posted 238.8 billion won in operati
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  (LEAD) Exports up 9.4 pct in July; trade deficit extended for 4th month

  (ATTN: ADDS more details, background info throughout)SEOUL, Aug. 1 (Yonhap) -- South Korea suffered a trade deficit for the fourth consecutive month in July over high global energy prices, though its exports rose 9.4 percent on-year on solid demand f
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  BOK sees small incremental rate increases as 'appropriate'

  SEOUL, Aug. 1 (Yonhap) -- South Korea's central bank said Monday it is "appropriate" to raise its key interest rate in small increments going forward as long as inflation and growth trends do not deviate much from the expected paths.T
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  SK, Tokuyama start off construction for semiconductor cleaning agent plant in S. Korea

  SEOUL, Aug. 1 (Yonhap) -- SK Geocentric Co., a chemical unit of South Korea's SK Group, said Monday the construction began for the joint factory with Japan's Tokuyama Corp. to produce a high-purity cleaning agent for semiconductors. SK Geocen
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  Exports up 9.4 pct in July; trade deficit extended for 4th month

  SEOUL, Aug. 1 (Yonhap) -- South Korea suffered a trade deficit for the fourth consecutive month in July over high global energy prices, though its exports rose 9.4 percent on-year on solid demand for chips, data showed Monday.Outbound shipments stood
• (URGENT) S. Korea's exports rise 9.4 pct on-year to US$60.7 bln in July

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  (END)
• (EDITORIAL from Korea JoongAng Daily on August 1)

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  President Yoon must changeOn Sunday, Rep. Kweon Seong-dong, floor leader and acting head of the People Power Party (PPP), said he would resign from the chairmanship. His announcement came 23 days after former chairman Lee Jun-seok had been suspended
• (EDITORIAL from Korea Times on August 1)

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  Impact of US rate hikesPreemptive action needed to ensure stabilityThe U.S. interest rates have become higher than South Korea's since the U.S. Federal Reserve raised the federal funds rate by 75 basis points Wednesday for the second month straig
• (EDITORIAL from Korea Herald on August 1)

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  Leadership in perilYoon should tackle a leadership crisis over text message scandal, personnel misstepsPresident Yoon Suk-yeol is now confronting a serious leadership crisis, a sorry development that he has created himself with a series of misguided
• Top headlines in major S. Korean newspapers

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  SEOUL, Aug. 1 (Yonhap) -- The following are the top in major South Korean newspapers on Aug. 1. Korean-language dailies-- Ruling party's acting chairman offers to resign amid leadership row (Kyunghyang Shinmun)-- Ruling party's acting chairm
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  Apartment transactions plunge in H1 on lending curbs, rate hikes

  SEOUL, July 31 (Yonhap) -- Apartment transactions in South Korea fell more than 50 percent on-year in the first half of 2022 due mainly to the government's tough lending curbs and rising interest rates, data showed Sunday.The number of apartments
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  (LEAD) Hotel Shilla Q2 net income up 103.6 pct from eased social distancing

  (ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, July 29 (Yonhap) -- Hotel Shilla Co., a South Korean operator of luxury hotels and duty-free shops, said Friday its second quarter net profit rose 103.6 percent from a year earlier