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  (URGENT) S. Korea's exports fall 14.2 pct in April; trade deficit extended for 14th month

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  Yoon-Biden summit paves way for bilateral semiconductor partnership

  SEOUL, April 30 (Yonhap) -- The summit between South Korean President Yoon Suk Yeol and U.S. President Joe Biden has paved the way for the "world's best" bilateral semiconductor partnership, the finance ministry said Sunday. President
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  Vice FM, Dutch lawmakers discuss ways to enhance economic security

  SEOUL, April 30 (Yonhap) -- Second Vice Foreign Minister Lee Do-hoon has met with Dutch lawmakers in Seoul to discuss ways to expand cooperation on economic security and supply chains between South Korea and the Netherlands, the foreign ministry said
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  Hyundai Motor chief to join Korean version of Buffett lunch project

  SEOUL, April 30 (Yonhap) -- Hyundai Motor Group Executive Chair Euisun Chung will hold a lunch meeting with young applicants in a project modeled after "Warren Buffett lunch" to connect better with younger generations, a South Korean busi
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  S. Korea records biggest fall in exports to China among major exporters in Q1

  SEOUL, April 30 (Yonhap) -- South Korea recorded the biggest fall in exports to China among major exporters to the country in the first quarter, China's trade data showed Sunday. Exports to China plunged 28 percent in the first quarter from a yea
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  Debt among those in 20s, 30s jumps most during pandemic

  SEOUL, April 30 (Yonhap) -- Debt among those in their 20s and 30s jumped more than 27 percent over the past three years since the COVID-19 pandemic hit, indicating they suffered financial difficulties due to rising home prices and an economic slowdow
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  Doosan signs MOU for expansion in U.S. smart factory market

  SEOUL, April 30 (Yonhap) -- Doosan Corp., the holding company of South Korea's energy-to-construction equipment conglomerate, said Sunday it has signed an initial pact with a U.S. industrial automation firm to expand into the U.S. smart factory m
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  WTO confirms S. Korea's win in dispute over U.S. washer safeguard tariffs

  GENEVA, April 28 (Yonhap) -- The World Trade Organization (WTO) on Friday confirmed a ruling in favor of South Korea in a dispute over the United States' safeguard measures on large-sized residential washers and parts, officials said. The WTO'
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  Prosecution, financial regulators to jointly probe alleged massive stock manipulation

  SEOUL, April 28 (Yonhap) -- The prosecution and financial regulators will jointly investigate a suspected case of large-scale stock manipulation following the recent collapse of stock prices of eight companies, officials said Friday. The Seoul Southe
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  Japan begins process to put S. Korea back on export 'white list'

  SEOUL, April 28 (Yonhap) -- Japan began domestic procedures Friday to return South Korea to its "white list" of trusted trading partners, in a move to improve bilateral economic relationship, Seoul's industry ministry said,Japan began
• Hyosung TNC Q1 net income down 64.4 pct to 37.5 bln won

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  SEOUL, April 28 (Yonhap) -- Hyosung TNC Corp. on Friday reported its first-quarter net income of 37.5 billion won (US$28 million), down 64.4 percent from a year earlier.The company said in a regulatory filing that it posted 69.3 billion won in operat
• Hyosung Advanced Materials Q1 net income down 43.5 pct to 40 bln won

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  SEOUL, April 28 (Yonhap) -- Hyosung Advanced Materials Corp. on Friday reported its first-quarter net profit of 40 billion won (US$29.9 million), down 43.5 percent from a year earlier.The company said in a regulatory filing that it posted 67.3 billio
• Hyosung turns to loss in Q1

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  SEOUL, April 28 (Yonhap) -- Hyosung Corp. on Friday reported its first-quarter net loss of 10.4 billion won (US$7.8 million), shifting from a profit of 46.2 billion won a year earlier.Operating profit for the January-March period was 11.9 billion won
• Hotel Shilla turns to black in Q1

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  SEOUL, April 28 (Yonhap) -- Hotel Shilla Co. on Friday reported its first-quarter net profit of 53.2 billion won (US$39.8 million), shifting from a loss of 7.7 billion won a year earlier.The company said in a regulatory filing that it posted 34.5 bil
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  Public firms' debt up 15 pct in 2022 amid higher energy costs

  By Kang Yoon-seungSEOUL, April 28 (Yonhap) -- South Korea's state-run firms saw their debt rise 15 percent on-year in 2022, data showed Friday, led mostly by the Korea Electric Power Corporation (KEPCO), which has been suffering from soaring ener
• Lotte Fine Chemical Q1 net profit up 526 pct to 185.3 bln won

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  SEOUL, April 28 (Yonhap) -- Lotte Fine Chemical Co. on Friday reported its first-quarter net income of 185.3 billion won (US$138.4 million), up 526 percent from a year earlier.Operating income for the January-March period was 42 billion won, down 61.
• (LEAD) LX International Q1 net down 30 pct on lower mineral prices, freight rates

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  SEOUL, April 28 (Yonhap) -- LX International Corp. said Friday its first-quarter net income shrank 29.9 percent from a year earlier, due largely to a downturn in mineral prices and shipping rates. Net income reached 156.4 billion won (US$116.6 millio
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  SK bioscience to invest US$1.79 bln; eyes contract manufacturing deal

  SEOUL, April 28 (Yonhap) -- SK bioscience Co., a pharmaceutical affiliate under SK Group, said Friday it will invest 2.4 trillion won (US$1.79 billion) by 2027 as it is seeking to further expand its contract manufacturing business.The proposed invest
• Kumho Tire shifts to profit in Q1

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  SEOUL, April 28 (Yonhap) -- Kumho Tire Co. on Friday reported its first-quarter net profit of 22 billion won (US$16.4 million), swinging from a loss of 6 billion won a year earlier.The company said in a regulatory filing that operating income for the
• LX International Q1 net income down 29.9 pct to 156.4 bln won

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  SEOUL, April 28 (Yonhap) -- LX International Corp. on Friday reported its first-quarter net income of 156.4 billion won (US$116.6 million), down 29.9 percent from a year earlier.The company said in a regulatory filing that it posted 161.7 billion won