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  LG H&H opens microbiome cosmetic R&D center in Hokkaido

  SEOUL, May 13 (Yonhap) -- LG Household & Health Care (H&H) Ltd., a major South Korean producer of cosmetic and health care products, said Friday it has opened a new research and development (R&D) center in Hokkaido, Japan, focusing on microbiome beau
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  (LEAD) Samsung Life's Q1 net tumbles amid stock market volatility

  (ATTN: RECASTS headline; ADDS info throughout)SEOUL, May 13 (Yonhap) -- Samsung Life Insurance Co., South Korea's top life insurer, on Friday reported its first-quarter net profit plunged 72.9 percent due to losses from its variable life insuranc
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  Ukraine war, supply snarls feared to dent investment, exports: gov't

  SEOUL, May 13 (Yonhap) -- The war between Russia and Ukraine, and extended global supply disruptions are feared to sap South Korea's corporate investment and exports, and add upward pressure on inflation, the finance ministry said Friday.The Sout
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  (LEAD) NCSOFT Q1 net more than doubles on robust sales from latest 'Lineage' entry

  (ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, May 13 (Yonhap) -- NCSOFT Corp., a major South Korean online and mobile game developer, said Friday its first quarter net income more than doubled from a year earlier, led by stron
• Samsung Life Insurance Q1 net profit down 72.9 pct. to 302.2 bln won

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  SEOUL, May 13 (Yonhap) -- Samsung Life Insurance Co. on Friday reported its first-quarter net profit of 302.2 billion won (US$234.5 million), down 72.9 percent from a year earlier.The company said in a regulatory filing that it posted 323.8 billion w
• NCSOFT Q1 net income up 109.9 pct. to 168.3 bln won

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  SEOUL, May 13 (Yonhap) -- NCSOFT Corp. on Friday reported its first-quarter net income of 168.3 billion won (US$130.6 million), up 109.9 percent from a year earlier.The company said in a regulatory filing that operating income for the January-March p
• (EDITORIAL from Korea Herald on May 13)

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  No easy taskNew finance chief should keep focus on tackling risk factors amid rising volatilityThe new economic team of the Yoon Suk-yeol administration is confronted with a crisis from the very beginning of its term. The continued rise in inflation,
• Top headlines in major S. Korean newspapers

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  SEOUL, May 13 (Yonhap) -- The following are the top in major South Korean newspapers on May 13.Korean-language dailies-- DP expels three-term lawmaker Park Wan-joo over sexual misconduct (Kyunghyang Shinmun)-- Extra budget, including up to 100 mln-w
• Import prices down for 1st time this year amid letup in oil prices

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  SEOUL, May 13 (Yonhap) -- South Korea's import prices dropped for the first time this year as prices of crude oil and other commodities declined, central bank data showed Friday.The import price index inched down 0.9 percent in April from a month
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  Gov't to announce measures to ease diesel price burden: finance minister

  SEOUL, May 12 (Yonhap) -- Finance Minister Choo Kyung-ho said Thursday the government will soon announce measures to help ease the burden from a recent hike in diesel fuel prices. Choo made the remarks during an interview with public broadcasting cha
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  Hanwha Solutions to spend 380 bln won for advanced solar cell technology

  SEOUL, May 12 (Yonhap) -- Hanwha Solutions Corp. said Thursday it is spending 380 billion won (US$294.7 million) to build facilities for advanced solar cell technology in South Korea and the United States.The chemical and energy unit of South Korean
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  (LEAD) Mirae Asset Securities Q1 net drops on global monetary uncertainties

  (ATTN: RECASTS headline, lead; ADDS details throughout, photo)SEOUL, May 12 (Yonhap) -- South Korea's leading brokerage firm Mirae Asset Securities Co. on Thursday said its first quarter earnings plunged 33.6 percent from a year ago, citing uncer
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  (LEAD) BOK's outgoing policy board member calls for close communication with market

  (ATTN: ADDS info at bottom; CHANGES photo)SEOUL, May 12 (Yonhap) -- An outgoing monetary policy board member of the Bank of Korea (BOK) on Thursday underlined the need for the central bank to communicate more with the market through diverse channels
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  (LEAD) S. Korea proposes record 59.4 tln-won extra budget for pandemic-hit merchants

  (ATTN: UPDATES with more details throughout)By Kim Soo-yeonSEOUL, May 12 (Yonhap) -- South Korea on Thursday proposed a record extra budget of 59.4 trillion won (US$46.1 billion) in the latest move to compensate pandemic-hit merchants for their losse
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  (LEAD) Netmarble shifts to loss in Q1 on release drought, sales slowdown

  (ATTN: RECASTS with more details; CHANGES headline; ADDS photo)SEOUL, May 12 (Yonhap) -- Netmarble Corp., a major South Korean game developer and publisher, said Thursday it swung to a net loss in the first quarter from a year earlier due to a lack o
• Hyundai Green Food Q1 net income down 10.4 pct to 32.8 bln won

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  SEOUL, May 12 (Yonhap) -- Hyundai Green Food Co. on Thursday reported its first-quarter net income of 32.8 billion won (US$25.4 million), down 10.4 percent from a year earlier.The company said in a regulatory filing that it posted 23.4 billion won in
• Mirae Asset Securities Q1 net profit down 33.6 pct to 197.1 bln won

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  SEOUL, May 12 (Yonhap) -- Mirae Asset Securities Co. on Thursday reported its first-quarter net profit of 197.1 billion won (US$153 million), down 33.6 percent from a year earlier.The company said in a regulatory filing that operating profit for the
• Gist of proposed extra budget designed to support pandemic-hit merchants

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  SEOUL, May 12 (Yonhap) -- The following is the gist of the 59.4 trillion won (US$46.1 billion) extra budget that the new government of President Yoon Suk-yeol proposed Thursday to compensate pandemic-hit small merchants' losses and help stabilize
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  S. Korea proposes record 59.4 tln-won extra budget for pandemic-hit merchants

  By Kim Soo-yeonSEOUL, May 12 (Yonhap) -- South Korea on Thursday proposed a record extra budget of 59.4 trillion won (US$46.1 billion) in the latest move to compensate pandemic-hit merchants for their losses caused by stricter virus curbs.The extra b
• (URGENT) S. Korea proposes record extra budget of 59.4 tln won

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