Industry

Industry

#warship
Daewoo, Hyundai vying for Korea's next-generation destroyer ships related article
By Nam Kwang-sik SEOUL, July 22 (Yonhap) -- Hyundai Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. have submitted their bids for the basic design of the South Korean Navy's ... 16:24 Jul. 22
Hyundai Development Q2 net income down 32.9 pct. to 101.1 bln won
SEOUL, July 22 (Yonhap) -- Hyundai Development Co. on Wednesday reported its second-quarter net income of 101.1 billion won (US$ 84.6 million), down 32.9 percent from a year earlier. The company... 16:03 Jul. 22
SME exports dip 13.4 pct in Q2 on coronavirus
SEOUL, July 22 (Yonhap) -- Exports by South Korean small and medium enterprises (SMEs) sank at a double-digit rate in the second quarter of the year due to the coronavirus pandemic, government data... 14:08 Jul. 22
LG International Q2 net income down 79.2 pct. to 21.1 bln won
SEOUL, July 22 (Yonhap) -- LG International Corp. on Wednesday reported its second-quarter net profit of 21.1 billion won (US$ 17.7 million), down 79.2 percent from a year earlier. The company s... 14:01 Jul. 22
#chip equipment
Korea's chipmaking equipment spending likely to be 3rd largest this year: report related article
SEOUL, July 22 (Yonhap) -- South Korea's spending on chipmaking equipment is likely to be the third largest of any country this year, industry data showed Wednesday, amid solid global chip demand s... 09:31 Jul. 22
#Amazon Korea
Amazon Korea pays 150 bln won in corporate tax: sources
SEOUL, July 21 (Yonhap) -- The South Korean unit of Amazon Web Services paid 150 billion won (US$125.42 million) in back taxes to the tax office, sources said Tuesday. The National Tax Service (... 20:40 Jul. 21
#Samsung C&T
(LEAD) Samsung C&T Q2 net rises 6.4 pct on equity gains related article
(ATTN: UPDATES with details of regulatory filing and stock prices) SEOUL, July 21 (Yonhap) -- Samsung C&T Corp., a construction affiliate of Samsung Group, said Tuesday its second-quarter net profi... 17:24 Jul. 21
#Samsung Biologics
(LEAD) Samsung Biologics swings to black in Q2 on costs, increased sales related article
(ATTN: RECASTS headline, lead; ADDS byline, more info from 2nd para, photo) By Kim Han-joo SEOUL, July 21 (Yonhap) -- Samsung Biologics, a biopharmaceutical unit of South Korea's largest conglomera... 17:23 Jul. 21
#GM Korea
CEO, 4 execs of GM Korea to stand trial for illegally hiring workers on secondment
INCHEON, July 21 (Yonhap) -- The CEO of GM Korea Co. and four other executives at the Korean unit of the American carmaker will stand trial on charges of illegally hiring about 1,700 manufacturing ... 16:50 Jul. 21
#KB Financial
(LEAD) KB Financial Q2 net edges down on loan-loss provisions related article
(ATTN: UPDATES with details and stock prices in paras 3-9) SEOUL, July 21 (Yonhap) -- KB Financial Group Inc., a major South Korean banking group, said Tuesday its net profit fell 0.94 percent in t... 16:43 Jul. 21
Samsung Biologics swings to profits in Q2
SEOUL, July 21 (Yonhap) -- Samsung Biologics Co. on Tuesday reported its second-quarter net income of 52 billion won (US$ 43.4 million), swinging from a loss of 13.4 billion won a year earlier. ... 16:03 Jul. 21
Samsung C&T Q2 net income up 6.4 pct. to 220.7 bln won
SEOUL, July 21 (Yonhap) -- Samsung C&T Corp. on Tuesday reported its second-quarter net profit of 220.7 billion won (US$ 184.3 million), up 6.4 percent from a year earlier. The company said in a... 16:01 Jul. 21
#POSCO
(2nd LD) POSCO Q2 net dips 84.6 pct on weak demand amid virus woes
(ATTN: UPDATES with details and stock prices) SEOUL, July 21 (Yonhap) -- POSCO, South Korea's top steelmaker, said Tuesday that its second-quarter earnings fell 84.6 percent from a year earlier due... 15:53 Jul. 21
KB Financial Group Q2 net profit up 0.1 pct. to 992.4 bln won
SEOUL, July 21 (Yonhap) -- KB Financial Group Inc. on Tuesday reported its second-quarter net profit of 992.4 billion won (US$ 828.6 million), up 0.1 percent from a year earlier. The company sai... 15:44 Jul. 21
Korea's H1 seaport cargo down 7.8 pct on coronavirus
SEOUL, July 21 (Yonhap) -- Cargo processed at South Korean seaports fell nearly 8 percent in the first half of the year in the wake of the coronavirus outbreak, government data showed Tuesday. C... 14:24 Jul. 21
#housing price
Seoul home prices have surged most during Moon's term: report related article
SEOUL, July 21 (Yonhap) -- Apartment prices in Seoul have risen the most during President Moon Jae-in's term compared with previous administrations, a report by a civic group showed Tuesday. The... 14:08 Jul. 21
(LEAD) POSCO Q2 net dips 84.6 pct on weak demand amid virus woes
(ATTN: UPDATES with details and comments by POSCO in paras 4-5) SEOUL, July 21 (Yonhap) -- POSCO, South Korea's top steelmaker, said Tuesday that its second-quarter earnings fell 84.6 percent from ... 14:06 Jul. 21
#Hyundai Motor
(LEAD) Samsung, Hyundai Motor heirs discuss cooperation in mobility biz related article
(ATTN: UPDATES headline, lead, 2nd para; ADDS more info in paras 3-4) SEOUL, July 21 (Yonhap) -- Heirs of South Korea's top two conglomerates -- Samsung and Hyundai Motor -- discussed possible co... 13:51 Jul. 21
Posco Q2 net profit down 84.6 pct. to 104.9 bln won
SEOUL, July 21 (Yonhap) -- Posco on Tuesday reported its second-quarter net profit of 104.9 billion won (US$ 87.5 million), down 84.6 percent from a year earlier. The company said in a regulator... 13:40 Jul. 21
Posco Chemical shifts to red in Q2
SEOUL, July 21 (Yonhap) -- Posco Chemical Co. on Tuesday reported its second-quarter net loss of 7.2 billion won (US$ 6 million), swinging from a profit of 23.4 billion won a year earlier. Operati... 13:26 Jul. 21