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S. Korean major firms' Q1 earnings outlook grim amid weak global chip demand

SEOUL, April 2 (Yonhap) -- The first-quarter earnings outlook for South Korea's major companies, including the world's leading chipmakers Samsung Electronics Co. and SK hynix Inc., remains grim due mainly to sluggish global demand, an analysi
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(Yonhap Interview) EU's green regulations drive 'reasonable' demand amid global decarbonization: German biz lobby chief

By Kim Seung-yeon SEOUL, April 2 (Yonhap) -- Green regulations in force or being pushed for by the European Union (EU), including the legislation on reshoring critical minerals, are "reasonable and necessary" given the decarbonization tre
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(LEAD) S. Korea welcomes new guidance on EV tax credits under U.S. Inflation Reduction Act

(ATTN: ADDS battery industry's response in bottom 2 paras)SEOUL, April 1 (Yonhap) -- The government on Saturday welcomed the new guidelines that the U.S. Treasury Department announced the previous day on tax credits for electric vehicles under th
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S. Korea welcomes new guidance on EV tax credits under U.S. Inflation Reduction Act

SEOUL, April 1 (Yonhap) -- The government on Saturday welcomed the new guidelines the U.S. Treasury Department announced the previous day on tax credits for electric vehicles under the Inflation Reduction Act (IRA), saying it "substantially&qu
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(2nd LD) S. Korea's exports down for 6th month in March on falling chip demand

(ATTN: RECASTS lead to highlight trade deficit; ADDS more details in last 18 paras) By Oh Seok-minSEOUL, April 1 (Yonhap) -- South Korea's exports fell for the sixth consecutive month in March due mainly to weak global demand for semiconductors a
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(LEAD) S. Korea's exports down for 6th month in March on falling chip demand

(ATTN: ADDS more details throughout) By Oh Seok-minSEOUL, April 1 (Yonhap) -- South Korea's exports fell for the sixth consecutive month in March due mainly to weak global demand for semiconductors amid an economic slowdown, the industry ministry
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S. Korea's exports down for 6th month in March on falling chip demand

SEOUL, April 1 (Yonhap) -- South Korea's exports fell for the sixth consecutive month in March due mainly to weak global demand for semiconductors amid an economic slowdown, the industry ministry said Saturday.Outbound shipments fell 13.6 percent
(URGENT) S. Korea's semiconductor exports sink 34.5 pct in March

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(URGENT) S. Korea's exports fall 13.6 pct in March; trade deficit extended for 13th month

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Lotte Duty Free's operating loss widens in 2022 on China lockdown, weak dollar

SEOUL, March, 31 (Yonhap) -- Lotte Duty Free said Friday its operating loss widened last year due to the prolonged COVID-19 lockdown in China and the dollar's weakness.The duty-free operator posted an operating loss of 139.5 billion won (US$106.8
Rfsemitechnologies to raise 1 bln won via stock offering

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SEOUL, March 31 (Yonhap) -- Rfsemitechnologies Inc.on Friday announced that it will sell stock to raise 1 billion won (US$768,106). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the c
Rfsemitechnologies to raise 20 bln won via stock sale

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SEOUL, March 31 (Yonhap) -- Rfsemitechnologies Inc.on Friday announced that it will sell stock to raise 20 billion won (US$15.4 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory
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Booking app Yanolja swings to red in 2022 on increased expenses, investments

SEOUL, March 31 (Yonhap) -- Yanolja Co., a leading South Korean booking app operator, said Friday it swung to the red last year on acquisitions expenses and increased investments. Yanolja posted a net loss of 120.9 billion won (US$92.6 million) in 20
Si Resources to raise 1.5 bln won via stock offering

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SEOUL, March 31 (Yonhap) -- Si Resources Co.on Friday announced that it will sell stock to raise 1.5 billion won (US$1.2 million). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the co
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Singapore's Qoo10 takes over Interpark Commerce to expand in S. Korea

SEOUL, March 31 (Yonhap) -- Qoo10 said Friday it is taking over the entire stake in Interpark Commerce Corp. from the South Korean booking app Yanolja Co. for about around 150 billion won (US$114.9 million), as the Singapore-based e-commerce platform
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Woowa Brothers shifts to profit in 2022 on pandemic food delivery boom

SEOUL, March 31 (Yonhap) -- Woowa Brothers Corp., operator of the popular food delivery app Baedal Minjok, said Friday it shifted to a net profit in 2022 from a year earlier on increased demand for food delivery services during the pandemic.The deliv
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KG Mobility signs vehicle export deal with Vietnam firm

SEOUL, March 31 (Yonhap) -- KG Mobility, formerly known as SsangYong Motor Co., said Friday it has signed a knockdown (KD) unit vehicle export deal with a Vietnamese company. In the deal, KG Mobility will ship the KDs of the Tivoli, Korando and Torre
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Toss Bank suffers losses in 2022 on increased loan-loss reserves

SEOUL, March 31 (Yonhap) -- Toss Bank, the country's third internet-only banking firm, said Friday it suffered a loss last year due to increased loan-loss reserves.Toss Bank, which went into operation in October 2021, reported a net loss of 264.4
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Japan's chip export curbs to have limited impact on S. Korea: industry ministry

SEOUL, March 31 (Yonhap) -- Japan's decision to restrict exports of major semiconductor manufacturing equipment is unlikely to affect South Korean businesses, Seoul's industry ministry said, as it is seeking to have close consultations with T
S. Korea to sell 4 tln won in Treasury bills next month

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SEOUL, March 31 (Yonhap) -- South Korea plans to sell 4 trillion won (US$3.08 billion) worth of Treasury bills next month to fund fiscal spending, the finance ministry said Friday.The bills, which have a maturity of 63 days, will be sold in four sepa