#S Korean firms
Industry
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#imported cars-July sales
Imported car sales dip 12 pct in July amid chip shortage
SEOUL, Aug. 3 (Yonhap) -- Sales of imported vehicles in South Korea fell 12 percent last month from a year earlier as the chip shortage continued to affect vehicle production, an industry associati... 09:56 Aug. 03 -
Hybe Q2 net income up 358.1 pct to 93 bln won
SEOUL, Aug. 3 (Yonhap) -- Hybe Co. on Wednesday reported its second-quarter net profit of 93 billion won (US$70.8 million), up 358.1 percent from a year earlier. The company said in a regulatory... 09:50 Aug. 03 -
#LG Energy SolutionLG Energy Solution to run global operations only on renewable energy from 2025 related article
SEOUL, Aug. 3 (Yonhap) -- LG Energy Solution Ltd. said Wednesday it will run its global production sites only on renewable energy starting in 2025 as part of efforts to achieve the goals for sustai... 09:30 Aug. 03 -
Busan Port's cargo handling dips 2.1 pct in H1 related article
BUSAN, Aug. 3 (Yonhap) -- Cargo processed at South Korea's largest port of Busan fell more than 2 percent in the first half of the year on slowing global consumption and other negatives, data showe... 09:13 Aug. 03 -
#Hyundai-Kia-US sales
Hyundai, Kia's July U.S. sales fall 11 pct amid chip shortage related article
SEOUL, Aug. 3 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 11 percent last month from a year earlier amid the prolonged gl... 08:39 Aug. 03 -
#headlinesBig firms' payrolls increase 1.5 pct in H1 on eased pandemic curbs related article
SEOUL, Aug. 3 (Yonhap) -- The combined workforce of large South Korean companies expanded 1.5 percent in the first half of the year from a year earlier amid eased COVID-19 restrictions, a corporate... 08:17 Aug. 03 -
#Kakao Pay(LEAD) Kakao Pay narrows net loss in Q2 on franchise partnership expansion
(ATTN: RECASTS with more details; CHANGES headline; ADDS photo) SEOUL, Aug. 2 (Yonhap) -- Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., said Tuesday its second-qu... 16:33 Aug. 02 -
#Hankook Tire & Technology-Q2 earnings(LEAD) Hankook Tire Q2 net more than doubles on weak won
(ATTN: RECASTS throughout with details; ADDS photo) SEOUL, Aug. 2 (Yonhap) -- Hankook Tire & Technology Co., the world's sixth-biggest tiremaker by sales, said Tuesday its second-quarter net profi... 16:29 Aug. 02 -
Hanatour Service remains in red in Q2
SEOUL, Aug. 2 (Yonhap) -- Hanatour Service Inc. on Tuesday reported its second-quarter net loss of 24.2 billion won (US$18.6 million), remaining in the red compared with a year ago. The company ... 16:25 Aug. 02 -
Korea Investment Holdings Q2 net profit down 66.8 pct to 100.1 bln won
SEOUL, Aug. 2 (Yonhap) -- Korea Investment Holdings Co. on Tuesday reported its second-quarter net income of 100.1 billion won (US$76.7 million), down 66.8 percent from a year earlier. The compa... 16:06 Aug. 02 -
#SK hynixSK hynix completes 576 bln-won acquisition of chip contract firm Key Foundry related article
SEOUL, Aug. 2 (Yonhap) -- SK hynix Inc., South Korea's second-largest chipmaker, said Tuesday it has wrapped up a 576 billion-won (US$492 million) acquisition of local chip contract manufacturer Ke... 15:37 Aug. 02 -
Kakao Pay remains in red in Q2
SEOUL, Aug. 2 (Yonhap) -- Kakao Pay Corp. on Tuesday reported its second-quarter net loss of 5.7 billion won (US$4.4 million), remaining in the red compared with a year ago. The company said in ... 15:21 Aug. 02 -
Ssangyong C&E Q2 net profit down 45.6 pct to 39 bln won
SEOUL, Aug. 2 (Yonhap) -- Ssangyong C&E Co. on Tuesday reported its second-quarter net profit of 39 billion won (US$29.8 million), down 45.6 percent from a year earlier. The company said in a re... 15:14 Aug. 02 -
Hankook Tire & Technology Q2 net profit up 102.6 pct to 327.4 bln won
SEOUL, Aug. 2 (Yonhap) -- Hankook Tire & Technology Co. on Tuesday reported its second-quarter net income of 327.4 billion won (US$250.6 million), up 102.6 percent from a year earlier. Operating... 15:12 Aug. 02 -
#industry talksS. Korea seeks Vietnam's support for corporate participation in power plant projects
SEOUL, Aug. 2 (Yonhap) -- South Korea's industry minister on Tuesday asked for Vietnam's support to ensure that Korean companies can participate in gas-fueled power plant projects in the Southeast ... 14:04 Aug. 02 -
#antitrust regulatorGS Retail fined 24.4 bln won for unfair biz practice
SEOUL, Aug. 2 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to impose a combined fine of 24.4 billion won (US$18.6 million) on GS Retail Co., the operator of GS 25 conven... 12:00 Aug. 02 -
#large business groupsNumber of firms on antitrust watch list unchanged in May-July period related article
SEOUL, Aug. 2 (Yonhap) -- The number of South Korean companies affiliated with large business groups under tight supervision remained unchanged in the May-July period from three months earlier, the... 11:36 Aug. 02 -
#battery makersS. Korean battery makers' H1 market share falls amid Chinese advance
SEOUL, Aug. 2 (Yonhap) -- The global market share of major South Korean battery makers fell in the first half of this year from a year earlier amid strong growth of Chinese rivals, a report showed ... 11:33 Aug. 02 -
#consumer prices(3rd LD) Inflation at near 24-year high in July; another rate hike looms related article
(ATTN: UPDATES with more details throughout) By Kim Soo-yeon SEOUL, Aug. 2 (Yonhap) -- South Korea's consumer prices rose at the fastest pace in almost 24 years in July due mainly to high energy and... 10:24 Aug. 02
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(LEAD) New COVID-19 cases down for 3rd day; deaths at over 3-month high -
Biz circle welcomes pardons of Samsung heir Lee, other moguls -
New COVID-19 cases down for 3rd consecutive day
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(2nd LD) New COVID-19 infections fall for 2nd day; critical cases hit over 3-month high -
SK hynix plans to select site for U.S. chip packaging plant early next year
News Focus
Business
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Samsung's Lee expected to solidify leadership, step up biz activities after receiving pardon -
Traditional car shows struggle amid electrification -
S. Korea moves closer to becoming space power with successful satellite launch
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S. Korean firms in delicate balancing act over U.S. economic framework -
Macro conditions dim prospects for Samsung shares in near future
