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S-1 Q1 net profit up 14.4 pct to 48.1 bln won
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SEOUL, April 28 (Yonhap) -- S-1 Corp. on Friday reported its first-quarter net profit of 48.1 billion won (US$35.9 million), up 14.4 percent from a year earlier.The company said in a regulatory filing that operating income for the January-March perio
Banks' household lending rate down in March
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SEOUL, April 28 (Yonhap) -- Banks' household loan rate fell in March as the Bank of Korea (BOK) has taken a breather in raising interest rates amid easing inflation and an economic slowdown, central bank data showed Friday.Banks' household le
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Crime rate in S. Korea lowest in 10 years in 2021
By Kang Yoon-seungSEOUL, April 28 (Yonhap) -- South Korea's crime rate fell to the lowest level in a decade in 2021, data showed Friday, although offenses in the cyber domain shot up amid the COVID-19 pandemic.Asia's No. 4 economy reported 1,
Japan invites S. Korea to G-7 meeting of financial ministers
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SEOUL, April 28 (Yonhap) -- South Korea's finance ministry said Friday that the country has been invited to participate in the upcoming G-7 ministerial meeting, which will take place in Japan next month.It marked South Korea's first invitatio
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S. Korea's tax revenue down 24 tln won through March
By Kang Yoon-seungSEOUL, April 28 (Yonhap) -- South Korea's tax revenue slipped 24 trillion won (US$17.8 billion) on-year in the first three months of 2023 following a slump in the real estate sector, data showed Friday.Tax revenue amounted to 87
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HD Korea Shipbuilding to invest 15 mln euros in Europe
SEOUL, April 28 (Yonhap) -- Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it will expand its research and development (R&D) spending in Europe to secure future shipbuilding and maritime technologies.To that
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Exports of passenger cars rise 41 pct in Q1 to record high
SEOUL, April 28 (Yonhap) -- Exports of passenger cars climbed 41 percent in the first quarter of 2023 from a year earlier to set a new record, data showed Friday, due to the robust overseas demand for eco-friendly vehicles.Carmakers in South Korea sh
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S. Korea urges U.S. to resolve legal issue on nuclear reactor export to Czech Republic
SEOUL, April 28 (Yonhap) -- South Korea has called on the United States to make joint efforts to resolve a legal dispute between their companies over Seoul's potential nuclear reactor exports to the Czech Republic and other nations, the industry
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(2nd LD) Industrial output up 1.6 pct in March, led by chips
(ATTN: UPDATES with details in last 3 paras)By Kang Yoon-seungSEOUL, April 28 (Yonhap) -- South Korea's industrial output and retail sales gained ground on-month in March, on the back of the semiconductor sector, data showed Friday, while its fac
DL E&c Q1 net income down 8.8 pct to 93.8 bln won
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SEOUL, April 28 (Yonhap) -- DL E&c Co. on Friday reported its first-quarter net profit of 93.8 billion won (US$70 million), down 8.8 percent from a year earlier.The company said in a regulatory filing that operating income for the January-March perio
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(LEAD) Industrial output up 1.6 pct in March, led by chips
(ATTN: RECASTS throughout with details; CHANGES headline)By Kang Yoon-seungSEOUL, April 28 (Yonhap) -- South Korea's industrial output and retail sales gained ground on-month in March, on the back of the semiconductor sector, data showed Friday,
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Industrial output up 1.6 pct in March
SEOUL, April 28 (Yonhap) -- South Korea's industrial output and retail sales gained ground on-month in March, data showed Friday, while its facility investment fell over the period.The industrial output advanced 1.6 percent from the previous mont
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(URGENT) Industrial output up 1.6 pct in March; investment down 2.2 pct
(END)
Cheil Worldwide Inc Q1 net income down 8.5 pct to 41.4 bln won
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SEOUL, April 28 (Yonhap) -- Cheil Worldwide Inc on Friday reported its first-quarter net income of 41.4 billion won (US$30.9 million), down 8.5 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-
Top headlines in major S. Korean newspapers
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SEOUL, April 28 (Yonhap) -- The following are the top in major South Korean newspapers on April 28.Korean-language dailies-- S. Korea stuck under 'nuclear umbrella'; U.S. follows 'practical interests' (Kyunghyang Shinmun)-- S. Korea,
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Kakao Pay to acquire controlling stake in U.S. brokerage firm Siebert
SEOUL, April 27 (Yonhap) -- Kakao Pay Corp., the fintech unit of South Korean tech giant Kakao, said Thursday it plans to acquire a controlling stake in Siebert Financial Corp., a U.S. brokerage firm, as part of efforts to expand its financial busine
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Korea Exchange to resume trading of KG Mobility shares
SEOUL, April 27 (Yonhap) -- South Korea's main bourse operator decided Thursday to keep KG Mobility, formerly known as SsangYong Motor, listed on the market. SsangYong's shares have been suspended since December 2020, when the carmaker filed
LG Chem says it may consider adjusting stake in Huayou joint venture to meet IRA rules
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By Kim Seung-yeon SEOUL, April 27 (Yonhap) -- LG Chem Ltd. said Thursday it may consider adjusting its stake in a planned joint venture with Huayou Cobalt Co., a Chinese mining company, if the new U.S. law on green energy designates Chinese firms as
Hyundai-Rotem Q1 net income up 38.4 pct to 18.1 bln won
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SEOUL, April 27 (Yonhap) -- Hyundai-Rotem Co. on Thursday reported its first-quarter net income of 18.1 billion won (US$13.5 million), up 38.4 percent from a year earlier.The company said in a regulatory filing that it posted 31.9 billion won in oper
Boryung Q1 net profit up 1.5 pct to 11.4 bln won
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SEOUL, April 27 (Yonhap) -- Boryung Corp. on Thursday reported its first-quarter net profit of 11.4 billion won (US$8.5 million), up 1.5 percent from a year earlier.Operating profit for the January-March period was 16 billion won, down 5.9 percent fr
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