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(2nd LD) LG Electronics expects Q1 profit up 6.4 pct on strong home appliance biz, one-off patent profits
(ATTN: ADDS share price in last 2 paras)By Woo Jae-yeonSEOUL, April 7 (Yonhap) -- LG Electronics Inc. on Thursday estimated its first-quarter operating profit to rise 6.4 percent from a year ago, driven by its strong home appliance and TV businesses,
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BOK chief nominee calls for restructuring to boost potential economic growth
SEOUL, April 7 (Yonhap) -- The nominee for South Korea's central bank chief said Friday it is urgent to carry out restructuring to foster new industries, thereby boosting the country's potential economic growth rate.Rhee Chang-yong, the nomin
LG Energy Solution Q1 operating profit down 24.1 pct to 258.9 bln won
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SEOUL, April 7 (Yonhap) -- LG Energy Solution Ltd. on Thursday estimated its first-quarter operating profit at 258.9 billion won (US$212.3 million), down 24.1 percent from a year earlier.Revenue increased 2.1 percent to 4.34 trillion won. The data fo
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(LEAD) LG Electronics expects Q1 profit up 6.4 pct on strong home appliance biz, one-off patent profits
(ATTN: REWRITES throughout; ADDS photo)By Woo Jae-yeonSEOUL, April 7 (Yonhap) -- LG Electronics Inc. on Thursday estimated its first-quarter operating profit to rise 6.4 percent from a year ago, driven by its strong home appliance and TV businesses,
LG Electronics Q1 operating earnings up 6.4 pct to 1.88 tln won
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SEOUL, April 7 (Yonhap) -- LG Electronics Inc. on Thursday estimated its first-quarter operating earnings at 1.88 trillion won (US$1.5 billion), up 6.4 percent from a year earlier.Revenue increased 18.5 percent to 21.1 trillion won. The data for net
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(LEAD) FDI pledges to S. Korea hit 1st-quarter high despite global uncertainties
(ATTN: RECASTS headline to highlight record figure; ADDS more details in paras 4, 11)SEOUL, April 7 (Yonhap) -- Foreign direct investment (FDI) pledges to South Korea jumped 14.9 percent in the first quarter from a year earlier to reach the highest f
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Households, nonprofit agencies' excess funds fall in 2021 amid economic recovery
SEOUL, April 7 (Yonhap) -- Excess funds held by South Korean households and nonprofit organizations fell last year from a year earlier as private spending increased amid the economic recovery, central bank data showed Thursday.Net financial funds --
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External economic uncertainty posing greater downside risks to S. Korea: KDI
SEOUL, April 7 (Yonhap) -- The South Korean economy is on a moderate recovery track, but it faces greater downside risks as external economic uncertainty has heightened amid the Ukraine crisis, a state-run think tank said Thursday.Asia's fourth-l
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FDI pledges to S. Korea up 15 pct in Q1 despite global uncertainties
SEOUL, April 7 (Yonhap) -- Foreign direct investment (FDI) pledges to South Korea jumped 14.9 percent in the first quarter from a year earlier to reach the highest first-quarter figure ever, data showed Thursday.The country received US$5.45 billion w
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SK Innovation employees referred to prosecution in EV battery secret case with LG
SEOUL, April 7 (Yonhap) -- Police have referred about 30 employees of the battery maker SK Innovation Co. to the prosecution on charges of stealing electric vehicle technology secrets from rival firm LG Energy Solution Ltd., officials said Thursday.T
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State spy agency offers cyberthreat info to crypto exchanges
SEOUL, April 7 (Yonhap) -- South Korea's state intelligence agency said Thursday it has started providing real-time information on hacking attempts to the country's major cryptocurrency exchanges amid growing cyberthreats.The country's ma
Korea Aerospace wins aircraft parts order in Israel
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SEOUL, April 7 (Yonhap) -- Korea Aerospace Industries Co., South Korea's sole aircraft manufacturer, said Thursday it has received a plane parts order from Israel Aerospace Industries Ltd. (IAI). KAI obtained an order to supply "future mid
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Brunei voices support for S. Korea's push to join CPTPP
SEOUL, April 7 (Yonhap) -- Brunei on Thursday expressed support for South Korea's push to join a mega free trade deal in the Asia-Pacific region, Seoul's trade ministry said.Brunei's second finance minister, Mohd Amin Liew Abdullah, voice
(EDITORIAL from Korea Herald on April 7)
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Compromise mattersNegotiations over minimum wage kick off amid concerns, high hopesThe Minimum Wage Commission held its first plenary session Tuesday to start negotiations to set the minimum wage for 2023, a highly sensitive issue for both labor and
Didim to raise 999 mln won via stock offering
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SEOUL, APRIL 6 (Yonhap) -- Didim Inc.on Wednesday announced that it will sell stocks to raise 999.1 million won (US$820,089). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company
Ecopro BM to raise 500 bln won via stock sale
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SEOUL, April 6 (Yonhap) -- Ecopro BM Co. on Wednesday announced that it will sell stocks to raise 500 billion won(US$410.4 million). The proceeds from the stock offering will be used primarily to finance stock acquisition.According to a regulatory fi
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(2nd LD) Seoul to help restore int'l flights to 50 pct by year's end
(ATTN: UPDATES with details in 2-10; CHANGES headline and lead; ADDS 1st photo)SEOUL, April 6 (Yonhap) -- South Korea said Wednesday it will help restore the number of inbound and outbound international flights to 50 percent of the 2019 level by the
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S. Korea to boost cement production amid supply woes
SEOUL, April 6 (Yonhap) -- South Korean cement companies decided Wednesday to increase their production by 35 percent on-quarter for the next three months to ease concerns over a supply shortage amid the crisis surrounding Ukraine, the industry minis
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Samsung head stays S. Korea's richest stockholder
SEOUL, April 6 (Yonhap) -- Lee Jae-yong, the chief of Samsung Group, South Korea's top conglomerate, remained the country's richest stockholder in the first quarter of the year despite a fall in the value of his shareholdings, a corporate tra
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LG Energy Solution says U.S. battery probe involves no additional issues
By Kim Seung-yeon SEOUL, April 6 (Yonhap) -- LG Energy Solution Ltd.(LGES) said Wednesday the U.S. auto safety agency's probe into its batteries is a "follow-up procedure" to the recent recalls of electric vehicles made with LG produc
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