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(LEAD) U.S. diplomat for East Asia policy discusses alliance, regional issues in Seoul
(ATTN: UPDATES throughout with details on meetings, comments; CHANGES headline, lead, photo)By Kim Eun-jungSEOUL, Nov. 11 (Yonhap) -- The top U.S. diplomat for East Asia met with South Korean officials Thursday to discuss ways to enhance the bilatera
LG Q3 net profit down 25.6 pct. to 566.6 bln won
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SEOUL, Nov. 11 (Yonhap) -- LG Corp. on Thursday reported its third-quarter net income of 566.6 billion won (US$479.8 million), down 25.6 percent from a year earlier.The company said in a regulatory filing that operating income for the July-September
Mirae Asset Securities Q3 net profit up 47.1 pct. to 339.8 bln won
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SEOUL, Nov. 11 (Yonhap) -- Mirae Asset Securities Co. on Thursday reported its third-quarter net income of 339.8 billion won (US$287.8 million), up 47.1 percent from a year earlier.The company said in a regulatory filing that operating income for the
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S. Korea conducts test flight of urban air mobility
SEOUL, Nov. 11 (Yonhap) -- South Korea on Thursday tested a German two-seater multirotor aircraft in Seoul as it seeks to commercialize urban air mobility services in 2025.The two-seater multirotor aircraft took off vertically and flew to a designate
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(LEAD) S. Korean economy to grow 3 pct next year on robust private spending: KDI
(ATTN: UPDATES with more details in para 20)By Kim Soo-yeonSEOUL, Nov. 11 (Yonhap) -- The South Korean economy is forecast to grow 3 percent next year as private spending is likely to pull off a robust recovery amid the vaccine rollout, the Korea Dev
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Daewoo Shipbuilding bags 487 bln-won order for 2 LNG carriers
By Nam Kwang-sik SEOUL, Nov. 11 (Yonhap) -- Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has signed a 486.7 billion-won (US$410.9 million) deal to construct two LNG carriers. DSME will deliver the 174,000-cubic-meter LNG carri
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KT services suffer disruptions in Seoul
SEOUL, Nov. 11 (Yonhap)-- KT Corp. said Thursday it has suffered disruptions in its mobile and internet services in western Seoul, less than three weeks after an outage crippled businesses across the country.KT said the services were interrupted for
Krafton Q3 net profit up 62.1 pct. to 178.3 bln won
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SEOUL, Nov. 11 (Yonhap) -- Krafton Inc. on Thursday reported its third-quarter net profit of 178.3 billion won (US$150.7 million), up 62.1 percent from a year earlier.Operating profit for the July-September period was 195.3 billion won, up 16.5 perce
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(2nd LD) BOK chief worries about expanded 'unknowable uncertainty' for economy
(ATTN: ADDS participants' opinions in paras 11-12)SEOUL, Nov. 11 (Yonhap) -- South Korea's economy remains on a recovery path driven by robust exports but faces an expanded "unknowable uncertainty" associated with global supply ch
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Ruling party presidential candidate pledges to delay taxation of virtual assets
SEOUL, Nov. 11 (Yonhap) -- Lee Jae-myung, the presidential nominee of the ruling Democratic Party, on Thursday promised to delay taxation of virtual assets and increase its deduction limits, a move that is seen as targeting young voters in the upcomi
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Hyundai Motor to build integrated data platform for mobility services
SEOUL, Nov. 11 (Yonhap) -- Hyundai Motor Group seeks to build an integrated data platform to provide real-time and tailored mobility services as part of its push toward the fast-evolving future industry, its division chief said Thursday."Connec
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S. Korea, U.S. to launch minister-level talks on clean energy goals
SEOUL, Nov. 11 (Yonhap) -- South Korea and the United States have agreed to launch a ministerial-level dialogue on energy policy to strengthen cooperation on clean energy and climate challenges, Seoul's industry ministry said Thursday.The agreeme
E-Mart Q3 net income up 681.5 pct. to 937 bln won
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SEOUL, Nov. 11 (Yonhap) -- E-Mart Inc. on Thursday reported its third-quarter net profit of 937 billion won (US$790.2 million), up 681.5 percent from a year earlier.The company said in a regulatory filing that it posted 108.6 billion won in operating
Money supply grows 0.5 pct on-month in September
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SEOUL, Nov. 11 (Yonhap) -- South Korea's money supply continued to grow in September from a month earlier on increased lending for home purchases, renting and issuance of corporate bonds to secure reserve funds, central bank data showed Thursday.
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S. Korean economy to grow 3 pct next year on robust private spending: KDI
By Kim Soo-yeonSEOUL, Nov. 11 (Yonhap) -- The South Korean economy is forecast to grow 3 percent next year as private spending is likely to pull off a robust recovery amid the vaccine rollout, the Korea Development Institute (KDI) said Thursday.KDI
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Retail sales in 15 provinces, cities rise in Q3
SEOUL, Nov. 11 (Yonhap) -- Retails sales in 15 provinces and major cities in South Korea increased in the third quarter as people increased outdoor activity amid the vaccine rollout and the economic recovery, data showed Thursday.Retail sales, a gaug
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Hanwha Q Cells to build energy storage facility in Texas
SEOUL, Nov. 11 (Yonhap) -- Hanwha Q Cells, the solar solutions unit of South Korean conglomerate Hanwha Group, said Thursday it is developing an energy storage system (ESS) facility in the U.S. state of Texas, expanding its foothold in the American r
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ICT exports log 2nd monthly high in October
SEOUL, Nov. 11 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products reached a second monthly high in October on the back of solid global demand for chips and displays, data showed Thursday.Outbound shipment
SK Biopharmaceuticals remains in red in Q3
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SEOUL, Nov. 11 (Yonhap) -- SK Biopharmaceuticals Co. on Thursday reported its third-quarter net loss of 44.3 billion won (US$37.3 million), remaining in the red compared with a year ago.The company said in a regulatory filing that it continued to pos
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Top U.S. diplomat for East Asia policy to touch on alliance, economic issues during Seoul visit
By Kim Eun-jungSEOUL, Nov. 11 (Yonhap) -- The top U.S. diplomat for East Asia is set to meet with South Korean officials Thursday to discuss various issues, with North Korea, the bilateral alliance and economic cooperation likely to top the agenda, o
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