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Economy

Korea Electric Power remains in red in Q1
SEOUL, May 12 (Yonhap) -- Korea Electric Power Corp. on Friday reported its first-quarter net loss of 4.91 trillion won (US$3.7 billion), remaining in the red compared with a year ago. The compa... 14:01 May. 12
#Hanwha
Hanwha Q1 net income up 69.4 pct to 1.15 tln won
SEOUL, May 12 (Yonhap) -- Hanwha Corp. on Friday reported its first-quarter net profit of 1.15 trillion won (US$866.8 million), up 69.4 percent from a year earlier. Operating profit for the Janu... 13:46 May. 12
#Hanwha Life Insurance
Hanwha Life Insurance Q1 net income down 13.9 pct to 463.5 bln won
SEOUL, May 12 (Yonhap) -- Hanwha Life Insurance Co. on Friday reported its first-quarter net profit of 463.5 billion won (US$347.4 million), down 13.9 percent from a year earlier. Operating inco... 13:30 May. 12
#KEPCO
(2nd LD) KEPCO chief offers to resign over mounting losses
(ATTN: RECASTS with KEPCO chief's resignation offer; CHANGES headline) SEOUL, May 12 (Yonhap) -- The chief of South Korea's state-run utility Korea Electric Power Corp. (KEPCO) offered to step down... 12:06 May. 12
#money supply
Money supply down in March amid tightening policy: BOK
SEOUL, May 12 (Yonhap) -- South Korea's money supply decreased in March largely due to aggressive monetary tightening, central bank data showed Friday. The country's M2, a key gauge of the money... 12:00 May. 12
#Hankook & Company
Hankook & Company Q1 net profit down 22.1 pct to 32.7 bln won
SEOUL, May 12 (Yonhap) -- Hankook & Company Co. on Friday reported its first-quarter net income of 32.7 billion won (US$24.5 million), down 22.1 percent from a year earlier. The company said in ... 11:50 May. 12
#FMD
S. Korea confirms additional foot-and-mouth disease case
SEOUL, May 12 (Yonhap) -- South Korea has confirmed an additional foot-and-mouth disease (FMD) case at a local farm, bringing this year's total cases to four, the agriculture ministry said Friday. ... 11:37 May. 12
#Hankook Tire
(LEAD) Hankook Tire Q1 net falls 15 pct on one-off costs
(ATTN: RECASTS throughout; ADDS photo) SEOUL, May 12 (Yonhap) -- Hankook Tire & Technology Co., the world's seventh-largest tiremaker by sales, said Friday its first-quarter net profit fell 15 perc... 11:29 May. 12
#KEPCO
(URGENT) KEPCO chief offers to resign amid mounting losses
11:29 May. 12
#KEPCO
(LEAD) KEPCO to sell key real estate in Seoul, freeze wages over mounting losses
(ATTN: ADDS more details in last 8 paras) SEOUL, May 12 (Yonhap) -- South Korea's state-run utility Korea Electric Power Corp. (KEPCO) said Friday it will sell a major building in Seoul and freeze ... 11:01 May. 12
#KEPCO
KEPCO to sell key real estate in Seoul, freeze wages over mounting losses
SEOUL, May 12 (Yonhap) -- South Korea's state-run utility Korea Electric Power Corp. (KEPCO) said Friday it will sell a major building in Seoul and freeze wages of ranking employees as part of its ... 10:24 May. 12
#Hankook Tire-Q1 earnings
Hankook Tire Q1 net down 15 pct to 95.9 bln won
SEOUL, May 12 (Yonhap) -- Hankook Tire & Technology Co. on Friday reported its first-quarter net profit of 95.9 billion won (US$72 million), down 15 percent from a year earlier. The company said... 10:13 May. 12
#economy
Economic slowdown continues on weak exports, manufacturing performance: gov't
By Kang Yoon-seung SEOUL, May 12 (Yonhap) -- South Korea's finance ministry said Friday the country's domestic consumption has been showing a steady recovery, but the economy has continued to slow ... 10:00 May. 12
#Hanwha Systems
Hanwha Systems wins US$34.5 mln deal to supply combat system to Philippine Navy
SEOUL, May 12 (Yonhap) -- Hanwha Systems Co., the defense and ICT unit of South Korea's Hanwha Group, said Friday it has won a US$34.5 million contract to supply its combat management system (CMS) ... 09:46 May. 12
#Kolmar Korea
Kolmar Korea Q1 net income down 54.6 pct to 6.5 bln won
SEOUL, May 12 (Yonhap) -- Kolmar Korea Co. on Friday reported its first-quarter net income of 6.5 billion won (US$4.9 million), down 54.6 percent from a year earlier. The company said in a regul... 09:43 May. 12
#travel promotion
S. Korea to issue travel coupons to boost domestic consumption
SEOUL, May 12 (Yonhap) -- South Korea's finance ministry said Friday the government will issue a set of coupons for local accommodations and tour packages in line with efforts to boost domestic con... 09:43 May. 12
#Samsung Fire & Marine Insurance
Samsung Fire & Marine Insurance Q1 net profit up 16.6 pct to 613.3 bln won
SEOUL, May 12 (Yonhap) -- Samsung Fire & Marine Insurance Co. on Friday reported its first-quarter net income of 613.3 billion won (US$462.4 million), up 16.6 percent from a year earlier. Operat... 08:54 May. 12
#Lotte Shopping
(LEAD) Lotte Shopping Q1 net income down 16.4 pct on weak consumption
SEOUL, May 11 (Yonhap) -- Lotte Shopping Co. said Thursday its first-quarter net profit fell 16.4 percent from a year earlier amid weak consumption and an economic slowdown, though its operating pr... 18:50 May. 11
#Lotte Chemical
(LEAD) Lotte Chemical eyes 7 tln won sales in battery components by 2030
(ATTN: ADDS more details throughout, closing share price) By Kim Seung-yeon SEOUL, May 11 (Yonhap) -- Lotte Chemical Corp. said Thursday it expects to generate at least 7 trillion won (US$5.26 bil... 18:21 May. 11
Mirae Asset Securities Q1 net income up 15.7 pct to 238.2 bln won
SEOUL, May 11 (Yonhap) -- Mirae Asset Securities Co. on Thursday reported its first-quarter net income of 238.2 billion won (US$179.6 million), up 15.7 percent from a year earlier. The company s... 17:54 May. 11

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