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(LEAD) Exports up 24 pct on-year in Oct. to second-largest monthly figure of US$55.55 bln
(ATTN: UPDATES throughout with details and comments by trade, industry and energy minister) By Oh Seok-minSEOUL, Nov. 1 (Yonhap) -- South Korea's exports spiked 24 percent in October from a year earlier to reach the second-largest monthly figure,
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Taxation of 70-80 global firms may be possible under new global tax scheme: minister
ROME/SEOUL, Nov. 1 (Yonhap) -- South Korea may be able to collect taxes from 70-80 global firms that have earned profits in Asia's fourth-largest economy under a new landmark global tax scheme, the country's finance minister has said.Finance
SKC Q3 net income up 1282.1 pct. to 185.2 bln won
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SEOUL, Nov. 1 (Yonhap) -- SKC Ltd. on Monday reported its third-quarter net income of 185.2 billion won (US$157.8 million), up 1282.1 percent from a year earlier.Operating income for the July-September period was 145.8 billion won, up 139 percent fro
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SK Networks CEO Choi steps down amid embezzlement trial
SEOUL, Nov. 1 (Yonhap) -- Choi Shin-won, CEO and chairman of SK Networks Co., has stepped down from his post, the company said Monday, amid an ongoing trial against him over embezzlement and other charges. The resignation came six months after Choi,
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Largest-ever Korea Sale Festa kicks off amid pandemic
By Oh Seok-minSEOUL, Nov. 1 (Yonhap) -- South Korea kicked off its annual nationwide shopping event Monday in the latest effort to boost private spending amid the prolonged pandemic. The Ministry of Trade, Industry and Energy said 2,053 companies wil
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October's inflation growth estimated at 3.2 pct: poll
SEOUL, Nov. 1 (Yonhap) -- South Korea's consumer prices are estimated to have grown more than 3 percent for the first time in nearly 10 years in October due to last year's low base and surging oil prices, a poll showed Monday.The country'
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Exports up 24 pct on-year in Oct. to second-largest monthly figure of US$55.55 bln
SEOUL, Nov. 1 (Yonhap) -- South Korea's exports spiked 24 percent in October from a year earlier to reach the second-largest monthly figure of US$55.55 billion on the back of strong global demand for chips and petroproducts, data showed Monday.Ou
(URGENT) S. Korea's exports up 24 pct on-year to US$55.55 bln in Oct.
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High raw material costs feared to erode corporate earnings
SEOUL, Nov. 1 (Yonhap) -- Soaring international raw material costs are feared to eat into South Korean companies' earnings and drive up consumer prices down the road, a report showed Monday.Stung by fast-rising oil and other material prices, the
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Small merchants' sentiment improves for Nov. on eased pandemic restrictions
SEOUL, Nov. 1 (Yonhap) -- South Korean small merchants' business confidence took a turn for the better for November on hopes that relaxed anti-coronavirus restrictions may boost their sales, a poll showed Monday.The Small Enterprise and Market Se
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Female directors account for only 4.1 pct of financial firms' boards in S. Korea
SEOUL, Oct. 31 (Yonhap) -- The portion of female directors at local financial companies stood at 4.1 percent as of the end of last year, lower than that of overall listed companies in South Korea, a report said Sunday. Among 209 outside directors at
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Wage divide deepens amid protracted COVID-19 pandemic
SEOUL, Oct. 31 (Yonhap) -- The wage divide in South Korea widened in the first half of the year amid the prolonged pandemic, with salaries of internet service firms rising sharply and those of tour agencies plunging, a study showed Sunday.According t
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Ticketing system error disrupts bus terminal in southern Seoul
SEOUL, Oct. 30 (Yonhap) -- A massive ticketing delay occurred at a major bus terminal in southern Seoul on Saturday due to suspected malfunctioning of its system, causing disruption and confusion among travelers.The system error came at about 11 a.m.
Top headlines in major S. Korean newspapers
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SEOUL, Oct. 30 (Yonhap) -- The following are the top in major South Korean newspapers on Oct. 30.Korean-language dailies-- In-person school classes to resume from Nov. 22 (Kyunghyang Shinmun)-- Schools to fully resume in-person classes from Nov. 22
USTR Tai to visit S. Korea next month for talks
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WASHINGTON, Oct. 29 (Yonhap) --- U.S. Trade Representative (USTR) Katherine Tai will visit South Korea next month as part of a three-nation trip that will also take her to Japan and India, her office said Friday.Tai will be accompanied by Deputy USTR
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(2nd LD) Amorepacific Q3 net jumps on base effect
(ATTN: CHANGES headline; RECASTS throughout)SEOUL, Oct. 29 (Yonhap) -- Amorepacific Corp., South Korea's leading cosmetics company, said Friday its third-quarter net profit jumped more than fivefold from a year earlier due to a base effect. Net p
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(LEAD) Amorepacific Group Q3 net income up over sixfold
(ATTN: RECASTS headline, lead; UPDATES with more info throughout; ADDS photo)SEOUL, Oct. 29 (Yonhap) -- Amorepacific Group said Friday its third-quarter net profit rose more than sixfold from a year ago on the back of robust performances in its key s
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(LEAD) Amorepacific Q3 net profit up over 5-fold on increased domestic sales
(ATTN: RECASTS headline, lead; UPDATES with more info throughout; ADDS photo)SEOUL, Oct. 29 (Yonhap) -- Amorepacific Corp. said Friday its third-quarter net profit rose more than fivefold from a year earlier. Net income was 38.5 billion won (US$32.9
Lix Solution to raise 15 bln won via stock offering
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SEOUL, Oct. 29 (Yonhap) -- Lix Solution Co.on Friday announced that it will sell stocks to raise 15 billion won (US$12.8 million). The proceeds from the stock sale will be used mainly to finance stock acquisition.According to a regulatory filing, the
Lix Solution to raise 5 bln won via stock offering
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SEOUL, Oct. 29 (Yonhap) -- Lix Solution Co.on Friday announced that it will sell stocks to raise 5 billion won (US$4.3 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the comp
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