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(2nd LD) SK Innovation logs record results in Q2 on upbeat petroleum product sales

(ATTN: RECASTS headline; UPDATES with details from earnings call in paras 2, 10-11) SEOUL, July 29 (Yonhap) -- SK Innovation Co. said Friday its second-quarter profit more than quadrupled from a year earlier, boosted by robust sales of petroleum prod
LX International Q2 net income up 108 pct. to 230.9 bln won

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SEOUL, July 29 (Yonhap) -- LX International Corp. on Friday reported its second-quarter net profit of 230.9 billion won (US$177.9 million), up 108 percent from a year earlier.The company said in a regulatory filing that it posted 289.4 billion won in
Hanwha Q2 net income up 60.2 pct. to 916.7 bln won

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SEOUL, July 29 (Yonhap) -- Hanwha Corp. on Friday reported its second-quarter net profit of 916.7 billion won (US$706.9 million), up 60.2 percent from a year earlier.The company said in a regulatory filing that operating income for the April-June per
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S. Korea seeks to overhaul public firms to prevent lax management

SEOUL, July 29 (Yonhap) -- South Korea on Friday unveiled guidelines to overhaul operations of public firms in a bid to improve their productivity and prevent lax management amid a sharp rise in personnel and debt.The guidelines called for a total of
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Hyundai Motor names new CEO for U.S. operations

SEOUL, July 29 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Friday it has named a new chief executive for its U.S. operations amid the prolonged chip shortage. Hyundai has promoted Randy Parker to be CEO of Hyundai Motor Am
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(LEAD) SK Innovation's Q2 profit soars on upbeat petroleum product sales

(ATTN: UPDATES throughout with more details; ADDS photo) SEOUL, July 29 (Yonhap) -- SK Innovation Co. said Friday its second-quarter profit more than quadrupled from a year earlier, boosted by robust sales of petroleum products amid higher oil prices
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POSCO raises US$1 bln via overseas debt sale

SEOUL, July 29 (Yonhap) -- POSCO, South Korea's top steelmaker, said Friday that it has raised US$1 billion by selling debts overseas.The two-tranche debt comprises three-year bonds worth $700 million and five-year bonds worth $300 million, accor
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Card spending climbs 15 pct in Q2 on eased COVID-19 curbs

SEOUL, July 29 (Yonhap) -- Credit card spending in South Korea jumped in the second quarter, buoyed by eased antivirus measures, data showed Friday.Spending made with credit, debit and prepaid cards came to 280.7 trillion won (US$216.2 billion) in th
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(2nd LD) S. Korea's consumption falls for 4th month amid high inflation

(ATTN: UPDATES with more details throughout; ADDS photos)By Kim Soo-yeonSEOUL, July 29 (Yonhap) -- South Korea's industrial output rose in June from the previous month, but retail sales declined for the fourth straight month as high inflation and
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(LEAD) Samsung SDI logs best-ever results in Q2 on robust EV battery sales

(ATTN: UPDATES with details throughout; ADDS photo) SEOUL, July 29 (Yonhap) -- Samsung SDI Co. said Friday it posted record high operating income and sales in the second quarter, driven by strong sales of electric vehicle (EV) batteries. Operating in
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Tax revenue up 36.5 tln won in H1 amid economic recovery

SEOUL, July 29 (Yonhap) -- South Korea's tax revenue increased 36.5 trillion won (US$28 billion) in the first half from a year earlier as the economic recovery boosted the collection of corporate and income taxes, the finance ministry said Friday
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Korean Air to resume routes to Rome and Barcelona in Sept.

SEOUL, July 29 (Yonhap) -- Korean Air Lines Co., South Korea's biggest carrier, said Friday it will resume flights to Rome and Barcelona next month as travel demand grows amid eased virus curbs. It will operate three flights a week on the Incheon
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Exports of passenger cars rise 2.5 pct in H1

SEOUL, July 29 (Yonhap) -- Exports of South Korean-made passenger cars expanded 2.5 percent in the first half of the year, thanks mainly to brisk overseas demand for green cars, data showed Friday. Local carmakers shipped passenger cars worth a combi
Hanwha Life Insurance Q2 net income up 92.8 pct to 318.6 bln won

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SEOUL, July 29 (Yonhap) -- Hanwha Life Insurance Co. on Friday reported its second-quarter net profit of 318.6 billion won (US$245.5 million), up 92.8 percent from a year earlier.Operating income for the April-June period was 458 billion won, up 90.2
SK Innovation Q2 net profit up 589.8 pct. to 1.33 tln won

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SEOUL, July 29 (Yonhap) -- SK Innovation Co. on Friday reported its second-quarter net income of 1.33 trillion won (US$1 billion), up 589.8 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June p
Samsung SDI Q2 net profit up 41.9 pct to 409.2 bln won

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SEOUL, July 29 (Yonhap) -- Samsung SDI Co. on Friday reported its second-quarter net income of 409.2 billion won (US$315.6 million), up 41.9 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June
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(LEAD) S. Korea's consumption falls for 4th month amid high inflation

(ATTN: UPDATES with more details throughout; ADDS photos)By Kim Soo-yeonSEOUL, July 29 (Yonhap) -- South Korea's industrial output rose in June from the previous month, but retail sales declined for the fourth straight month as high inflation and
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S. Korea's industrial output increases for 2nd month in June

By Kim Soo-yeonSEOUL, July 29 (Yonhap) -- South Korea's industrial output grew for the second straight month in June in the latest sign that Asia's fourth-largest economy has maintained mild recovery momentum amid heightened external uncertai
(URGENT) Industrial output rises 0.6 pct on-month in June; retail sales down 0.9 pct

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Indonesian president meets S. Korean biz leaders for talks on investment

SEOUL, July 28 (Yonhap) -- Indonesian President Joko Widodo met with top executives of major South Korean companies, including Samsung Electronics Co. and POSCO, in Seoul on Thursday to discuss ways to induce investment, officials said.Widodo arrived