SEOUL– Hyosung TNC Corp. on Friday reported its first-quarter net profit of 105.4 billion won (US$83.9 million), down 41.5 percent from a year earlier.The company said in a regulatory filing that it posted 190.1 billion won in operating profit for the…
SEOUL– Hyosung Corp. on Friday reported its first-quarter net income of 46.2 billion won (US$36.8 million), down 49.6 percent from a year earlier.The company said in a regulatory filing that it posted 94.2 billion won in operating profit for the quart…
SEOUL– Dongkuk Steel Mill Co. on Friday reported its first-quarter net income of 272.6 billion won (US$216 million), up 889.2 percent from a year earlier.Operating profit for the January-March period was 205.8 billion won, up 88.1 percent from a year …
SEOUL– South Korean stocks traded 0.8 percent higher late Friday morning, led by bullish large-cap tech companies.The Korea Composite Stock Price Index (KOSPI) rose 21.44 points to 2,688.93 as of 11:20 a.m.Market bellwether Samsung Electronics soared …
SEOUL– Banks’ interest rates on household loans jumped to the highest level in nearly eight years in March amid toughened curbs on lending and the central bank’s monetary tightening, data showed Friday.Banks’ household loan rate stood at 3.98 percent …
SEOUL– The National Fire Agency (NFA) and the National Police Agency (NPA) refused to accept a recommendation from the National Human Rights Commission of Korea (NHRCK) to remove the age limit for career counseling positions, the rights watchdog said …
SEOUL– The South Korean currency sharply rose against the U.S. dollar Friday after foreign exchange authorities repeatedly warned they are ready to take steps to curb the won’s “excessive” fall, and the local stock market soared.The Korean currency en…
SEOUL– Samsung Electronics Co.’s management and its workers agreed to an average 9 percent pay raise in wages for the year, sources said Friday, ending 11 rounds of negotiations since February.The world’s largest memory chip and smartphone maker reach…