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Fed's rate hike to have limited impact on S. Korean market: finance minister

SEOUL, July 28 (Yonhap) -- South Korea's finance minister said Thursday the U.S. Federal Reserve's latest rate hike is expected to have a limited impact on the domestic financial market as the outcome is in line with market expectations.Finan
Top headlines in major S. Korean newspapers

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SEOUL, July 28 (Yonhap) -- The following are the top in major South Korean newspapers on July 28.Korean-language dailies-- PPP floor leader's text message with Yoon stirs up ruling party (Kyunghyang Shinmun)-- Local brokerage violated short sell
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S. Korea retrieves 71 pct of bailout funds

SEOUL, July 28 (Yonhap) -- South Korea has recouped 71 percent of the public funds it injected to bail out troubled financial firms since the 1997-98 Asian financial crisis, the financial regulator said Thursday.The country retrieved 912.9 billion wo
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Corporate direct financing dips 6.7 pct in H1 on reduced debt sales

SEOUL, July 28 (Yonhap) -- Corporate direct financing in South Korea decreased 6.7 percent on-year in the first half as bond sales plunged amid a sharp increase in market rates, data showed Thursday.Local companies raised a total of 114.5 trillion wo
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Biz sentiment for July hits 17-month low on inflation, recession woes

SEOUL, July 28 (Yonhap) -- South Korea's business sentiment dipped to the lowest in 17 months in July, with companies bracing for rising inflation amid recession woes, a central bank poll showed Thursday.The business sentiment index (BSI) came to
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Indonesian president arrives in S. Korea for summit with Yoon

SEOUL, July 27 (Yonhap) -- Indonesian President Joko Widodo arrived in South Korea Wednesday for a two-day official visit that includes summit talks with President Yoon Suk-yeol.The Indonesian president and his wife, Iriana Joko Widodo, landed at an
Hyosung Advanced Materials Q2 net profit down 42.5 pct to 57.9 bln won

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SEOUL, July 27 (Yonhap) -- Hyosung Advanced Materials Corp. on Wednesday reported its second-quarter net profit of 57.9 billion won (US$44.1 million), down 42.5 percent from a year earlier.The company said in a regulatory filing that it posted 97.6 b
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(LEAD) Samsung Biologics' Q2 net profit up 25.1 pct on brisk CMO performance

(ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, July 27 (Yonhap) -- Samsung Biologics Co. said Wednesday its second quarter net profit rose 25.1 percent from a year earlier thanks to the brisk growth of its contract manufacturin
Korea Petro Chemical Ind shifts to loss in Q2

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SEOUL, July 27 (Yonhap) -- Korea Petro Chemical Ind Co. on Wednesday reported its second-quarter net loss of 29 billion won (US$22.1 million), swinging from a profit of 58.4 billion won a year earlier.The company said in a regulatory filing that it p
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(LEAD) Abnormal overseas money transfers at 2 banks valued at 4.1 tln won: watchdog

(ATTN: UPDATES with more details from para 3)SEOUL, July 27 (Yonhap) -- South Korea's financial watchdog said Wednesday its probe found abnormal foreign exchange transactions reported by two major banks, Woori Bank and Shinhan Bank, were valued a
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(2nd LD) LG Energy Solution eyes double-digit margins, triple sales growth in 5 years

(ATTN: ADDS closing share price at bottom) By Kim Seung-yeon SEOUL, July 27 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Wednesday it aims to boost annual sales by more than threefold and achieve double-digit operating profit margins in the next f
(LEAD) LG Chem Q2 net dips on higher oil prices, external woes

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(ATTN: ADDS more details throughout) SEOUL, July 27 (Yonhap) -- LG Chem Ltd. said Wednesday its second-quarter net income shrank 54.1 percent from a year earlier, dented by higher oil prices, global inflation and China's COVID-19 lockdowns. Net i
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(LEAD) PM says he will ask Yoon to pardon Samsung heir Lee

(ATTN: UPDATES with details, background from 2nd para; ADDS photo)SEOUL, July 27 (Yonhap) -- Prime Minister Han Duck-soo said Wednesday he will ask President Yoon Suk-yeol to pardon Samsung heir Lee Jae-yong, who is currently on parole from a prison
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(LEAD) S. Korea to open 1st hydrogen production base in metropolitan area

(ATTN: REPLACES photo with latest)SEOUL, July 27 (Yonhap) -- South Korea held a ceremony to mark the completion of a new hydrogen production plant in the city of Pyeongtaek, the first such facility in the metropolitan area, the industry ministry said
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(3rd LD) LG Display turns to red in Q2 on sluggish demand, falling panel prices

(ATTN: ADDS share price at bottom)By Woo Jae-yeonSEOUL, July 27 (Yonhap) -- LG Display Co. said Wednesday it turned to red in the second quarter on production disruptions caused by China's COVID-19 lockdowns and sluggish demand for display panels
Samsung C&T Q2 net profit up 89.5 pct to 632.8 bln won

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SEOUL, July 27 (Yonhap) -- Samsung C&T Corp. on Wednesday reported its second-quarter net income of 632.8 billion won (US$481.8 million), up 89.5 percent from a year earlier.Operating profit for the April-June period was 555.9 billion won, up 30.7 pe
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(2nd LD) LG Display turns to red in Q2 on sluggish demand, falling panel prices

(ATTN: ADDS more details in last 8 paras, photo)By Woo Jae-yeonSEOUL, July 27 (Yonhap) -- LG Display Co. said Wednesday it turned to red in the second quarter on production disruptions caused by China's COVID-19 lockdowns and sluggish demand for
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(3rd LD) SK hynix logs record sales in Q2, warns of weak demand in 2nd half

(ATTN: ADDS stock price at bottom)By Woo Jae-yeonSEOUL, July 27 (Yonhap) -- SK hynix Inc. said Wednesday it logged record quarterly sales and the best second-quarter operating profits in four years, driven by the sales of NAND flash and positive curr
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Lotte Chemical to build 1st cathode foil plant in U.S.

SEOUL, July 27 (Yonhap) -- Lotte Chemical Corp., a unit of South Korean retail giant Lotte Group, said Wednesday it is building its first cathode foil production facility in the United States, as it pushes to bolster its battery components business.
LG Innotek Q2 net profit up 40.1 pct to 206.3 bln won

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SEOUL, July 27 (Yonhap) -- LG Innotek Co. on Wednesday reported its second-quarter net income of 206.3 billion won (US$157.1 million), up 40.1 percent from a year earlier.The company said in a regulatory filing that it posted 289.9 billion won in ope