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• Naver Q1 net income down 71.1 pct to 43.7 bln won

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  SEOUL, May 8 (Yonhap) -- Naver Corp. on Monday reported its first-quarter net income of 43.7 billion won (US$33 million), down 71.1 percent from a year earlier.Operating profit for the January-March period was 330.5 billion won, up 9.5 percent from a
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  Samsung head seeks ties with global pharmaceutical firms

  SEOUL, May 7 (Yonhap) -- Samsung Electronics Executive Chairman Lee Jae-yong has recently met with leaders of global pharmaceutical companies in the United States, the company said Sunday, in line with its efforts to find new growth engines beyond se
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  International students at S. Korean colleges hit fresh high in 2022

  SEOUL, May 7 (Yonhap) -- The number of international students studying at South Korean universities shot up 10 percent on-year in 2022 to set a new record, data showed Sunday, following eased global travel restrictions.Around 166,870 foreign students
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  Number of rail passengers above pre-pandemic level in Q1

  SEOUL, May 7 (Yonhap) -- The number of rail passengers in South Korea shot up 44 percent on-year in the first quarter, data showed Sunday, as the country returned to pre-pandemic normalcy.Around 39.2 million people traveled on railways in the January
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  S. Korea's Japanese beer imports more than doubled in Q1

  SEOUL, May 7 (Yonhap) -- South Korea's imports of Japanese beer more than doubled on-year in the January-March period, data showed Sunday, marking the highest amount since Tokyo's export curbs against the Asian neighbor in 2019.Japanese beer
• Top headlines in major S. Korean newspapers

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  SEOUL, May 5 (Yonhap) -- The following are the top in major South Korean newspapers on May 5.Korean-language dailies-- U.S. rate hike opens door for pause in tightening cycle (Kyunghyang Shinmun)-- Rate gap between U.S. and South Korea at 1.75 perce
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  (Yonhap Interview) Ample capital buffering S. Korea from U.S. banking crisis: IMF director

  By Kang Yoon-seungINCHEON, May 5 (Yonhap) -- South Korean banks remain resilient to the fallout of the recent U.S. banking crisis, but risks of the property market still remain elevated, a senior official of the International Monetary Fund (IMF) has
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  Taming inflation still in focus, extra budget not under consideration: Choo

  By Kang Yoon-seungINCHEON, May 4 (Yonhap) -- South Korea's finance minister said Thursday taming inflation remains the top priority for the country's economic policy, noting a hasty transition may reignite inflationary pressure.Finance Minist
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  S. Korea joins ADB's new facility on climate change with 5 nations

  By Kang Yoon-seungINCHEON, May 4 (Yonhap) -- South Korea's finance ministry said Thursday the country has officially joined a new facility focusing on addressing climate issues launched by the Asian Development Bank (ADB) with five other nations.
• Hanssem swings to loss in Q1

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  SEOUL, May 4 (Yonhap) -- Hanssem Co. on Thursday reported its first-quarter net loss of 14.2 billion won (US$10.8 million), swinging from a profit of 17.5 billion won a year earlier.The company said in a regulatory filing that it posted an operating
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  (3rd LD) S. Korea to raise guard against market instability after Fed rate hike

  (ATTN: UPDATES figures in para 4)SEOUL, May 4 (Yonhap) -- South Korea's financial authorities said Thursday that they will remain vigilant against potential market instability after the U.S. Federal Reserve raised its policy rate again and opened
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  S. Korea discusses wider economic ties with India, Bangladesh

  By Kang Yoon-seungINCHEON, May 4 (Yonhap) -- South Korea discussed ways to expand economic ties with India and Bangladesh, especially through its participation in large-scale infrastructure projects via low-interest loans, the finance ministry said T
• Korea Investment Holdings Q1 net income down 2.1 pct to 301 bln won

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  SEOUL, May 4 (Yonhap) -- Korea Investment Holdings Co. on Thursday reported its first-quarter net income of 301 billion won (US$227.6 million), down 2.1 percent from a year earlier.The company said in a regulatory filing that operating profit for the
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  Samsung Electronics' unionized workers threaten strike, call for dialogue

  SEOUL, May 4 (Yonhap) -- Samsung Electronics Co.'s unionized workers threatened Thursday to go on strike as they pressed the management to come to the negotiating table over a wage dispute.Last month, the management of the South Korean tech giant
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  S. Korea, Georgia share consensus on seeking economic partnership agreement

  By Kang Yoon-seungINCHEON, May 4 (Yonhap) -- South Korea and Georgia shared the consensus on seeking an economic partnership agreement (EPA) to boost bilateral ties, the finance ministry said Thursday.Finance Minister Choo Kyung-ho and his Georgian c
• CJ Logistics Q1 net income up 53.6 pct to 48.4 bln won

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  SEOUL, May 4 (Yonhap) -- CJ Logistics Corp. on Thursday reported its first-quarter net income of 48.4 billion won (US$36.6 million), up 53.6 percent from a year earlier.The company said in a regulatory filing that operating income for the January-Mar
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  (LEAD) S. Korea woos GM's investment in electric vehicle facilities

  (ATTN: UPDATES with details in last 13 paras)SEOUL, May 4 (Yonhap) -- South Korea's vice industry chief asked General Motors Co. (GM) on Thursday to make an investment in production facilities for electric vehicles (EVs) in the country, as the Se
• Doosan Q1 net profit up 675 pct to 114.7 bln won

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  SEOUL, May 4 (Yonhap) -- Doosan Co. on Thursday reported its first-quarter net income of 114.7 billion won (US$86.6 million), up 675 percent from a year earlier.The company said in a regulatory filing that it posted 338.2 billion won in operating pro
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  Choo calls for ADB's 'flexible, creative' approach on poverty, climate issues

  By Kang Yoon-seungINCHEON, May 4 (Yonhap) -- South Korea's finance minister called Thursday for the Asian Development Bank (ADB) to adopt more "flexible and creative" approaches to address the region's tasks, such as poverty and c
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  (LEAD) Higher interest rates weighing on S. Korea's domestic demand: IMF

  (ATTN: UPDATES with details throughout; ADDS photo)By Kang Yoon-seungINCHEON, May 4 (Yonhap) -- South Korea's high borrowing costs are holding back the country's domestic demand, the director of the Asia-Pacific at the International Monetary