SEOUL, POSCO Chemical Co. on Thursday reported its second-quarter net income of 46.4 billion won (US$35.5 million), up 37 percent from a year earlier.Operating profit for the April-June period was 55.2 billion won, up 55.1 percent from a year ago, the…
SEOUL, Five South Korean startups made it to the list of unicorns in the first half this year, bringing the total to 23, the Ministry of SMEs and Startups said Thursday.A unicorn refers to an unlisted startup with a valuation of more than US$1 billion…
SEOUL, The culture ministry said Thursday it will push for transforming the former presidential home of Cheong Wa Dae in central Seoul into a multipurpose cultural complex.Park Bo-gyoon, minister of culture, sports and tourism, reported the project to…
INCHEON, With a historic silver medal from the world championships hung around his neck, South Korean high jumper Woo Sang-hyeok received a hero’s welcome home on Thursday.And with more experience, the 26-year-old believes he can keep getting better a…
SEOUL, Shinsegae Food, a food business arm of South Korea’s Shinsegae Group, said Thursday it will set up a U.S. subsidiary next month in the latest move to boost its competiveness in plant-based meat alternatives.Shinsegae Food said it will spend US$…
SEOUL, The following are the key features of the government’s tax revision announced Thursday, which calls for cutting corporate and income taxes in a move to boost corporate investment and to reduce the tax burden on people amid high inflation.To inv…
SEOUL, South Korean stocks traded 0.39 percent higher late Thursday morning on the back of the rise in tech and chemicals shares following big gains on Wall Street.The Korea Composite Stock Price Index had added 9.24 points to 2,396.09 as of 11:20 a.m…
SEOUL, Defense Minister Lee Jong-sup met with new U.S. Ambassador to South Korea Philip Goldberg on Thursday for discussions on regional security and the bilateral alliance, Lee’s ministry said.During the meeting, Lee stressed the ambassador’s role fo…