Industry

Industry

#military
Military reports 1,480 more COVID-19 cases
SEOUL, Aug. 6 (Yonhap) -- South Korea's military reported 1,480 additional COVID-19 cases Saturday, raising the total caseload among its service members to 222,371, the defense ministry said. Th... 14:32 Aug. 06
#Lotte Shopping
(LEAD) Lotte Shopping swings back to Q2 profit
(ATTN: UPDATES throughout) SEOUL, Aug. 5 (Yonhap) -- Lotte Shopping Co. shifted to a net profit for the second quarter, as its department stores and cinema business recovered from a pandemic-driven... 19:35 Aug. 05
#Lotte Chemical
(LEAD) Lotte Chemical swings to red in Q2 on higher raw materials costs
(ATTN: ADDS more details throughout) SEOUL, Aug. 5 (Yonhap) -- Lotte Chemical Corp. said Friday it swung to the red in the second quarter from a year earlier, as the rise in global raw materials pr... 16:59 Aug. 05
#KOREA ZINC INC
Korea Zinc Inc to raise 471.8 bln won via stock sale
SEOUL, Aug. 5 (Yonhap) -- Korea Zinc Incon Friday announced that it will sell stocks to raise 471.8 billion won(US$363.4 million). The proceeds from the stock offering will be used primarily to fina... 16:03 Aug. 05
Celltrion Q2 net profit up 41.2 pct to 184 bln won
SEOUL, Aug. 5 (Yonhap) -- Celltrion Inc. on Friday reported its second-quarter net income of 184 billion won (US$141.7 million), up 41.2 percent from a year earlier. Operating profit for the April... 16:02 Aug. 05
Lotte Chemical Q2 net income down 92.8 pct. to 36.2 bln won
SEOUL, Aug. 5 (Yonhap) -- Lotte Chemical Corp. on Friday reported its second-quarter net income of 36.2 billion won (US$27.9 million), down 92.8 percent from a year earlier. The company said in ... 15:52 Aug. 05
Lotte Shopping swings to black in Q2
SEOUL, Aug. 5 (Yonhap) -- Lotte Shopping Co. on Friday reported its second-quarter net profit of 45.5 billion won (US$35 million), swinging from a loss of 34.5 billion won a year earlier. The co... 15:32 Aug. 05
#S. Korea-Ferrari sales
Ferrari sales set to top 300 in S. Korea this year
SEOUL, Aug. 5 (Yonhap) -- Sales of Ferrari models are set to exceed 300 in South Korea this year amid growing demand for high-performance vehicles in Asia's fourth-biggest economy, its importer sai... 13:59 Aug. 05
Kumho Petro Chemical Q2 net profit down 50.8 pct to 286.9 bln won
SEOUL, Aug. 5 (Yonhap) -- Kumho Petro Chemical Co. on Friday reported its second-quarter net income of 286.9 billion won (US$221.2 million), down 50.8 percent from a year earlier. The company sa... 13:50 Aug. 05
#SKIET
SK IE Technology joins hands with Vietnam's Vingroup for EV battery material supply
SEOUL, Aug. 5 (Yonhap) -- SK IE Technology Co. (SKIET), an electronics materials maker under South Korea's SK Group, said Friday it has signed an initial deal with Vingroup, Vietnam's largest conglo... 10:43 Aug. 05
LG Uplus Q2 net income down 23 pct to 162 bln won
SEOUL, Aug. 5 (Yonhap) -- LG Uplus Corp. on Friday reported its second-quarter net profit of 162 billion won (US$124.7 million), down 23 percent from a year earlier. Operating profit for the Apr... 10:36 Aug. 05
#2023 minimum wage
Gov't confirms 5 pct rise in minimum wage for next year related article
SEOUL, Aug. 5 (Yonhap) -- The minimum hourly wage for next year has been finalized at 9,620 won (US$7.38), a 5 percent increase from this year, as previously agreed upon by representatives of the c... 10:22 Aug. 05
DRAM prices fall for 2nd month amid market downturn
SEOUL, Aug. 5 (Yonhap) -- DRAM prices went south for the second straight month in August amid flagging demand, data showed Friday, boding ill for the chip industry down the road. The average con... 10:03 Aug. 05
Naver Q2 net profit down 70.7 pct to 158.5 bln won
SEOUL, Aug. 5 (Yonhap) -- Naver Corp. on Friday reported its second-quarter net profit of 158.5 billion won (US$121 million), down 70.7 percent from a year earlier. Operating profit for the Apri... 07:44 Aug. 05
#editorials
(EDITORIAL from Korea Herald on Aug. 5)
Cutthroat competition Korea should further beef up local chip sector given intensifying threats from overseas rivals The ruling People Power Party has proposed a package of two bills to strengthen... 06:59 Aug. 05
#headlines
Top headlines in major S. Korean newspapers
SEOUL, Aug. 5 (Yonhap) -- The following are the top headlines in major South Korean newspapers on Aug. 5. Korean-language dailies -- China stages missile drills meant to contain Taiwan after Pelos... 06:58 Aug. 05
#HanChang Biotech Co., Ltd.
Hanchang Biotech to raise 12 bln won via stock sale
SEOUL, Aug. 4 (Yonhap) -- Hanchang Biotech Co.on Thursday announced that it will sell stocks to raise 12 billion won (US$9.2 million). The proceeds from the stock offering will be used primarily to... 18:32 Aug. 04
#BGF Retail
(LEAD) BGF Retail Q2 net up 22.6 pct on promotional events, dessert sales related article
SEOUL, Aug. 4 (Yonhap) -- BGF Retail, the operator of CU convenience stores, said Thursday its second-quarter net income rose 22.6 percent from a year earlier, thanks to promotional events and its ... 17:07 Aug. 04
#Lithuania
(LEAD) S. Korea seeks stronger ties with Lithuania in bio, laser sectors related article
(ATTN: ADDS photo) SEOUL, Aug. 4 (Yonhap) -- South Korea and Lithuania discussed ways Thursday to boost cooperation in bio, laser and other innovative industry sectors, Seoul's industry ministry sa... 15:44 Aug. 04
BGF Retail Q2 net income up 22.6 pct to 57.4 bln won
SEOUL, Aug. 4 (Yonhap) -- BGF Retail Co. on Thursday reported its second-quarter net income of 57.4 billion won (US$43.8 million), up 22.6 percent from a year earlier. The company said in a regu... 15:34 Aug. 04

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Gov't confirms 5 pct rise in minimum wage for next year related article

(LEAD) BGF Retail Q2 net up 22.6 pct on promotional events, dessert sales related article

(LEAD) S. Korea seeks stronger ties with Lithuania in bio, laser sectors related article