SK Hynix Inc. on Tuesday reported its second-quarter net income of 1.98 trillion won (US$1.7 billion), up 56.5 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June period rose 38.3 percent on-year…
Samsung SDI Co. on Tuesday reported its second-quarter net profit of 288.3 billion won (US$250.5 million), up 504.5 percent from a year earlier.The company said in a regulatory filing that it posted 295.2 billion won in operating profit for the quarter…
Nearly 7 in 10 South Korean senior citizens want to keep working until the age of 73 amid a rise in life expectancy, a survey showed Tuesday.The survey by Statistics Korea showed 10 million, or 68.1 percent, of the 14.76 million South Koreans aged betw…
Finance Minister Hong Nam-ki plans to issue a public message about the housing market Wednesday, the finance ministry said Tuesday, as the government seeks to stabilize high-flying home prices.Hong plans to hold a press briefing Wednesday to explain t…
South Korea’s top tech giant Samsung Electronics Co. will open another batch of royalty-free technologies in line with the government’s efforts to promote shared growth among conglomerates and small and medium-sized firms, the industry ministry said Tu…
Major South Korean financial holding firm Shinhan Financial Group Co. said Tuesday its net profit jumped more than 43 percent in the second quarter of the year with first-half earnings hitting an all-time high.Net income came to 1.25 trillion won (US$1…
E-Mart Inc. said Friday it will acquire an additional 17.5 percent stake in Starbucks Coffee Korea for 474.2 billion won (US$412 million) to become the coffee chain’s largest shareholder.The stake purchase would raise South Korea’s top discount chain o…
South Korea’s trade ministry said Tuesday it has launched talks with ASEAN to update their free trade agreement (FTA) and further lower trade barriers, as the country seeks to diversify its trade portfolio and expand its presence in Southeast Asia.Offi…