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(2nd LD) LG Electronics Q1 profit down on slow demand

(ATTN: ADDS more info in paras 7, 11-13)SEOUL, April 7 (Yonhap) -- LG Electronics Inc. on Friday said its operating profit for the January-March period likely declined 23 percent from a year earlier amid the on-going macroeconomic woes that dampened
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S. Korea to offer 7 tln won in financing to EV battery firms over U.S. IRA

SEOUL, April 7 (Yonhap) -- South Korea will extend 7 trillion won (US$5.31 billion) in financial support to domestic battery makers over the next five years to help them respond to the United States' Inflation Reduction Act (IRA) and to boost the
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(LEAD) LG Electronics Q1 profit down on slow demand

(ATTN: CHANGES headline; RECASTS throughout; ADDS photo)SEOUL, April 7 (Yonhap) -- LG Electronics Inc. on Friday said its operating profit for the January-March period likely declined 23 percent from a year earlier amid the on-going macroeconomic woe
LG Electronics Q1 operating profit down 22.9 pct to 1.49 tln won

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SEOUL, April 7 (Yonhap) -- LG Electronics Inc. on Friday estimated its first-quarter operating profit at 1.49 trillion won (US$1.1 billion), down 22.9 percent from a year earlier.Sales decreased 2.6 percent to 20.41 trillion won. The data for net inc
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Tax revenue may be short of estimate this year: finance minister

By Kang Yoon-seungSEOUL, April 7 (Yonhap) -- South Korea's tax revenue may fall below an earlier estimate this year amid an economic slowdown, the finance minister said Friday.Last week, the finance ministry said the tax revenue fell 15.7 trillio
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(LEAD) LG Energy Solution's profit grew more than twofold in Q1 on IRA effects

(ATTN: ADDS more details throughout, byline)By Kim Seung-yeonSEOUL, April 7 (Yonhap) -- LG Energy Solution Ltd. (LGES) said Friday it estimated its operating profit to have grown more than twofold in the first quarter from a year earlier, boosted by
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VP Harris visits Hanwha's solar panel factory in Georgia

By Kim Seung-yeonSEOUL, April 7 (Yonhap) -- U.S. Vice President Kamala Harris has visited a solar panel factory in Georgia run by South Korea's Hanwha Solutions Corp., announcing what the Joe Biden administration says will be the largest communit
LG Energy Solution Q1 operating earnings up 144.6 pct to 633.2 bln won

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SEOUL, April 7 (Yonhap) -- LG Energy Solution Ltd. on Friday estimated its first-quarter operating profit at 633.2 billion won (US$480.1 million), up 144.6 percent from a year earlier.Sales increased 101.4 percent to 8.74 trillion won. The data for n
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Finance minister vows all-out support for chip industry

By Kang Yoon-seungSEOUL, April 7 (Yonhap) -- South Korea will spare no effort to support local chipmakers amid the industrywide slump, the finance minister said Friday, vowing to provide various incentives, such as tax cuts."Chips act as the br
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S. Korea, Dominican Republic sign bilateral trade promotion agreement

SEOUL, April 7 (Yonhap) -- South Korea and the Dominican Republic clinched a bilateral framework agreement on trade and investment Friday to boost economic cooperation and push for various joint projects on supply chains, the digital and green sector
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(2nd LD) Samsung Electronics cuts memory output as Q1 profit likely drops 96 pct on weak demand

(ATTN: CHANGES headline, lead; ADDS more details in first 6 paras)SEOUL, April 7 (Yonhap) -- Samsung Electronics Co. on Friday said it cut memory production in the short term, as its quarterly profit plunged significantly amid the chip downturn, in a
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Volatility in current account to continue through April: vice finance minister

By Kang Yoon-seungSEOUL, April 7 (Yonhap) -- South Korea is expected to continue experiencing volatility in its current account through this month, the vice finance minister said Friday, with the government set to roll out various measures to revital
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(LEAD) Samsung Electronics Q1 profit likely drops 96 pct as demand plunges

(ATTN: RECASTS throughout; CHANGES headline; ADDS photo)SEOUL, April 7 (Yonhap) -- Samsung Electronics Co. on Friday said its first-quarter operating profit likely nose-dived nearly 96 percent from a year earlier due to a sharp drop in demand for chi
Samsung Electronics Q1 operating profit down 95.8 pct to 600 bln won

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SEOUL, April 7 (Yonhap) -- Samsung Electronics Co. on Friday estimated its first-quarter operating profit at 600 billion won (US$454.9 million), down 95.8 percent from a year earlier.Revenue decreased 19 percent to 63 trillion won. The data for net p
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(LEAD) S. Korea posts current account deficit for 2nd straight month in Feb.

(ATTN: ADDS more info in last 2 paras, photo)SEOUL, April 7 (Yonhap) -- South Korea posted a current account deficit for the second straight month in February as exports remained sluggish amid global recession woes, central bank data showed Friday.Th
S. Korea posts current account deficit for 2nd straight month in Feb.

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SEOUL, April 7 (Yonhap) -- South Korea posted a current account deficit for the second straight month in February as exports remained sluggish amid global recession woes, central bank data showed Friday.The country's current account shortfall cam
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(URGENT) S. Korea logs current account deficit of US$520 mln in Feb.: BOK

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Top headlines in major S. Korean newspapers

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SEOUL, April 7 (Yonhap) -- The following are the top in major South Korean newspapers on April 7.Korean-language dailies-- Prosecution launches 'belated' probe into Cho Woo-hyeong, hidden man behind Daejang-dong development (Kyunghyang Shinm
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EcoPro pushing for 2 tln-won battery components complex expansion in S. Korea

POHANG/SEOUL, April 6 (Yonhap) -- EcoPro Co., a leading South Korean producer of secondary battery materials, plans to invest 2 trillion won (US$1.52 billion) to expand its battery components complex in the country's southeastern industrial city,
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S. Korea to cut rice paddy areas to stabilize prices

SEOUL, April 6 (Yonhap) -- South Korea will reduce rice paddy areas and implement various measures to promote the consumption of the staple grain in a move to prevent rice prices from falling and stabilize the market, the agriculture ministry said Th