Hyosung TNC shifts to red in Q3

SEOUL– Hyosung TNC Corp. on Friday reported its third-quarter net loss of 122.1 billion won (US$85.9 million), swinging from a profit of 310.7 billion won a year earlier.   The company said in a regulatory filing that it posted an operating loss of 110.8 billion won for the July-September period, compared with a profit of … Read more

Yoon names new deputy NIS director

SEOUL– President Yoon Suk-yeol on Friday named a former prosecutor as a deputy director of the National Intelligence Service, his office said, filling a vacancy created earlier this week by the resignation of one of his confidants.   Kim Nam-woo, who has been working as a lawyer since leaving the prosecution in 2020, was appointed … Read more

Hanwha Solutions to raise 70 bln won via stock offering

SEOUL– Hanwha Solutions Corp.on Friday announced that it will sell stock to raise 70 billion won (US$49.2 million). The proceeds from the stock sale will be used mainly to finance its operations.   According to a regulatory filing, the company will issue some 2 million preferred shares at a price of 34,450 won per share. … Read more

U.S. condemns N. Korea’s missile launches, urges Pyongyang to engage in dialogue

WASHINGTON– The United States on Friday condemned North Korea’s latest missile launch, while calling on the recalcitrant state to engage in serious dialogue.   A state department spokesperson said the missile launches violated multiple U.N. Security Council resolutions.   “The United States condemns the DPRK’s ballistic missile launches. These launches are in violation of multiple … Read more