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(2nd LD) Samsung Electronics logs worst quarter in 14 years amid memory chip glut

(ATTN: ADDS more details in 6th para, last 7 paras)SEOUL, April 27 (Yonhap) -- Samsung Electronics Co. on Thursday reported its worst quarterly profit in 14 years, as global economic woes dented demand for consumer electronics and a chip glut battere
Samsung SDI Q1 net profit up 28.1 pct to 464.5 bln won

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SEOUL, April 27 (Yonhap) -- Samsung SDI Co. on Thursday reported its first-quarter net profit of 464.5 billion won (US$347 million), up 28.1 percent from a year earlier.The company said in a regulatory filing that it posted 375.4 billion won in opera
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(LEAD) LG Chem Q1 operating profit dip 23 pct on weak petchem demand

(ATTN: ADDS more details throughout) By Kim Seung-yeon SEOUL, April 27 (Yonhap) -- LG Chem Ltd. said Thursday its first operating quarter profit shrank 22.8 percent from a year earlier as a global economic slowdown dampened petrochemical demand in ma
S-Oil Q1 net income down 69.5 pct to 265.3 bln won

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SEOUL, April 27 (Yonhap) -- S-Oil Corp. on Thursday reported its first-quarter net profit of 265.3 billion won (US$198.5 million), down 69.5 percent from a year earlier.The company said in a regulatory filing that it posted 515.7 billion won in opera
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(LEAD) Samsung Electronics logs worst quarter in 14 years amid memory chip glut

(ATTN: CHANGES headline; RECASTS throughout; ADDS photo)SEOUL, April 27 (Yonhap) -- Samsung Electronics Co. on Thursday reported its worst quarterly profit in 14 years, as global economic woes dented demand for consumer electronics and a chip glut ba
Daewoo E&C Q1 net profit down 43.4 pct to 98.3 bln won

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SEOUL, April 27 (Yonhap) -- Daewoo Engineering & Construction Co. on Thursday reported its first-quarter net profit of 98.3 billion won (US$73.6 million), down 43.4 percent from a year earlier.Operating income for the January-March period was 176.7 b
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(URGENT) Samsung Electronics' chip biz posts 4.58 trillion-won loss in Q1

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LG Chem Q1 net profit down 13 pct to 669.1 bln won

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SEOUL, April 27 (Yonhap) -- LG Chem Ltd. on Thursday reported its first-quarter net income of 669.1 billion won (US$500.7 million), down 13 percent from a year earlier.The company said in a regulatory filing that operating profit for the January-Marc
Samsung Electronics Q1 net income down 86.1 pct to 1.57 tln won

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SEOUL, April 27 (Yonhap) -- Samsung Electronics Co. on Thursday reported its first-quarter net income of 1.57 trillion won (US$1.2 billion), down 86.1 percent from a year earlier.The company said in a regulatory filing that it posted 640.2 billion wo
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Yoon asks Tesla CEO Musk to invest in S. Korea

By Lee Haye-ahWASHINGTON, April 26 (Yonhap) -- President Yoon Suk Yeol met with Tesla CEO Elon Musk on Wednesday and asked for his investment in a gigafactory in South Korea, a presidential official said.The meeting took place at Musk's request d
Biz outlook edges up for May on hope for domestic recovery

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SEOUL, April 27 (Yonhap) -- South Korea's business sentiment slightly improved for May amid expectations that domestic demand may improve, a central bank poll showed Thursday.Local companies' business sentiment index (BSI) for April came to 7
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(LEAD) Shinsegae, Hotel Shilla win Incheon airport duty-free licenses

(ATTN: ADDS new info in paras 4-7)SEOUL, April 26 (Yonhap) -- Shinsegae DF and Hotel Shilla were selected Wednesday as new duty-free operators at Incheon International Airport, the Korea Customs Service (KCS) said. Shinsegae and Shilla were awarded l
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Shinsegae, Hotel Shilla win Incheon airport duty-free licenses

SEOUL, April 26 (Yonhap) -- Shinsegae DF and Hotel Shilla were selected Wednesday as new duty-free operators at Incheon International Airport, the Korea Customs Service (KCS) said. Shinsegae and Shilla were awarded licenses to operate duty-free shops
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KG Mobility picked preferred bidder to acquire electric bus maker Edison Motors

SEOUL, April 26 (Yonhap) -- KG Mobility, formerly known as SsangYong Motor Co., said Wednesday it is in the process of acquiring Edison Motors Co., an electric bus maker, as part of its business diversification strategy. A bankruptcy court in the sou
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(LEAD) Regulator to review Kakao's acquisition of SM Entertainment

(ATTN: UPDATES with details in last 4 paras)By Kang Yoon-seungSEOUL, April 26 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has launched a review on South Korean tech giant Kakao's acquisition of a stake in SM Entertainment,
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57 countries vow to build 'inclusive' trade regime during K-Customs week

By Kang Yoon-seungSEOUL, April 26 (Yonhap) -- South Korea's customs agency said Wednesday 57 countries have reached an agreement to seek an "inclusive and sustainable" trade regime to address the looming protectionism.The agreement wa
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(3rd LD) LG Energy Solution's Q1 profit more than doubles on strong EV demand, IRA effects

(ATTN: UPDATES last para with closing share price)By Kim Seung-yeon SEOUL, April 26 (Yonhap) -- LG Energy Solution Ltd. said Wednesday its first-quarter net profit more than doubled from a year earlier, in line with the earlier earnings forecast, on
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Regulator to review Kakao's acquisition of SM Entertainment

By Kang Yoon-seungSEOUL, April 26 (Yonhap) -- South Korea's antitrust regulator said Wednesday it has launched a review on South Korean tech giant Kakao's acquisition of a stake in SM Entertainment, the K-pop agency behind EXO, Aespa, and NCT
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(3rd LD) LG Display posts quarterly loss as weak demand takes toll

(ATTN: ADDS share price at bottom)SEOUL, April 26 (Yonhap) -- LG Display Co. reported its fourth consecutive quarterly loss Wednesday as sluggish demand for smartphones, TVs and computers continued to stymie its panel business.The major panel maker r
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(3rd LD) SK hynix widens quarterly losses as chip glut intensifies

(ATTN: ADDS share price at bottom)SEOUL, April 26 (Yonhap) -- SK hynix Inc. said Wednesday it logged losses for the second consecutive quarter, as a worsening macroeconomic climate dented demand for semiconductors used in PCs and other digital produc