SEOUL– GS Holdings on Monday reported its third-quarter net profit of 523.8 billion won (US$442.4 million), up 93.2 percent from a year earlier. The company said in a regulatory filing that operating income for the July-September period rose 34.4 percent on-year to 637 billion won. Revenue increased 40.3 percent to 5.51 trillion won. … Read more
SEOUL– Lee Jae-myung, the presidential nominee of the ruling Democratic Party, will meet with the top U.S. diplomat for East Asia in Seoul this week, his party said Monday. Lee is scheduled to meet Thursday with U.S. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink, Rep. Kim Han-jung, chief of … Read more
SEOUL– South Korea’s state intelligence agency said Monday it has detected 14 hacking attempts from abroad on the country’s key industry technologies in the first nine months this year that could have resulted in nearly 1.78 trillion won (US$1.5 billion) worth of damage to relevant companies. Of the total cases detected between January and … Read more
SEOUL– South Korea’s senior diplomat participated in a preparatory meeting to fine-tune agenda items for an upcoming Asia-Pacific Economic Cooperation (APEC) summit, the foreign ministry said Monday. Lee Sung-ho, deputy foreign minister on economic diplomacy, represented Seoul during the virtual conference held last week to prepare for the annual APEC summit slated for Friday. … Read more
SEOUL– Hoarders of urea water solution could face up to three years in prison or a fine of up to 100 million won (US$84,000), the government warned Monday, as it launched a special crackdown on illegal market activities amid a shortage of the material essential to diesel vehicles. The government launched the crackdown by … Read more
SEOUL– Dozens of fraud reports have been filed with police in connection with bogus sales of urea water solution amid a worsening shortage of the key material used to reduce emissions of diesel-powered vehicles, officials said Monday. A total of 34 cases of online fraud purporting to sell urea water solution were reported to … Read more
SEOUL– South Korea will host a K-pop concert at the Expo 2020 Dubai this week featuring popular Korean idol groups, such as Highlight, BTOB, Laboum and pop diva Punch, organizers said Monday. The concert titled “KITE: K-pop in the Emirates (KITE)” will take place at Jubilee Park in Dubai on Friday at 5 p.m. … Read more
SEOUL– South Korea’s military held an annual meeting of general-grade officers from all armed services via video links Monday to discuss defense reform, inter-service cooperation and other security issues, the Joint Chiefs of Staff (JCS) said. JCS Chairman Gen. Won In-choul and the top brass of the Army, Air Force, Navy and Marine Corps … Read more