Economy

Economy

Grand Korea Leisure remains in red in Q1
SEOUL, May 11 (Yonhap) -- Grand Korea Leisure Co. on Wednesday reported its first-quarter net loss of 10.8 billion won (US$8.5 million), remaining in the red compared with a year ago. The compan... 16:45 May. 11
Kangwon Land remains in red in Q1
SEOUL, May 11 (Yonhap) -- Kangwon Land Inc. on Wednesday reported its first-quarter net loss of 5.8 billion won (US$4.6 million), remaining in the red compared with a year ago. Operating profit ... 16:20 May. 11
#Hankook Tire & Technology-Q1 earnings
(LEAD) Hankook Tire Q1 net falls 41 pct on high material costs, disrupted supplies
(ATTN: RECASTS throughout; ADDS photo) SEOUL, May 11 (Yonhap) -- Hankook Tire & Technology Co. said Wednesday its first-quarter net profit plunged 41 percent from a year earlier due to higher raw m... 16:18 May. 11
#NAND
NAND flash prices forecast to decline in 2nd half amid sluggish demand: report
By Woo Jae-yeon SEOUL, May 11 (Yonhap) -- NAND flash prices are expected to decline in the second half due mainly to sluggish demand and oversupply, a recent report showed Wednesday, dimming the pe... 16:01 May. 11
LG Household & Health Care Q1 net profit down 56 pct to 113.8 bln won
SEOUL, May 11 (Yonhap) -- LG Household & Health Care Ltd. on Wednesday reported its first-quarter net income of 113.8 billion won (US$89.2 million), down 56 percent from a year earlier. The comp... 15:58 May. 11
#Hyundai Oilbank
Hyundai Oilbank to build biodiesel plant in S. Korea in 2023
SEOUL, May 11 (Yonhap) -- South Korean refiner Hyundai Oilbank Co. said Wednesday it will build a 130,000-ton biodiesel plant in the country's southwest next year as it pushes for white biotechnolo... 15:32 May. 11
Hankook Tire & Technology Q1 net income down 41 pct to 103.2 bln won
SEOUL, May 11 (Yonhap) -- Hankook Tire & Technology Co. on Wednesday reported its first-quarter net income of 103.2 billion won (US$80.9 million), down 41 percent from a year earlier. Operating ... 15:25 May. 11
Korea Gas Q1 net profit up 42.9 pct to 736.1 bln won
SEOUL, May 11 (Yonhap) -- Korea Gas Corp. on Wednesday reported its first-quarter net profit of 736.1 billion won (US$576.6 million), up 42.9 percent from a year earlier. Operating income for th... 15:10 May. 11
#IFC Seoul
Mirae Asset picked as preferred bidder for multiuse complex IFC Seoul
SEOUL, May 11 (Yonhap) -- South Korean major asset manager Mirae Asset Global Investments Co. was selected as the preferred bidder to purchase a landmark complex in Yeouido, industry sources said W... 14:57 May. 11
#finance minister
New finance minister vows efforts to stabilize inflation
SEOUL, May 11 (Yonhap) -- Finance Minister Choo Kyung-ho said Wednesday the new government will place policy priority on stabilizing inflation and beefing up risk management amid heightened economi... 14:27 May. 11
#Shinsegae-Q1 earnings
(LEAD) Shinsegae Q1 net jumps 69 pct amid eased virus curbs
(ATTN: RECASTS throughout; ADDS photo) SEOUL, May 11 (Yonhap) -- Shinsegae, the operator of South Korea's second-biggest department store chain, said Wednesday its first quarter net profit jumped 6... 14:25 May. 11
Hanon Systems Q1 net income down 62.9 pct. to 22.3 bln won
SEOUL, May 11 (Yonhap) -- Hanon Systems on Wednesday reported its first-quarter net profit of 22.3 billion won (US$17.5 million), down 62.9 percent from a year earlier. Operating profit for the ... 13:49 May. 11
Shinsegae International Q1 net income up 13.3 pct. to 26.8 bln won
SEOUL, May 11 (Yonhap) -- Shinsegae International Inc. on Wednesday reported its first-quarter net profit of 26.8 billion won (US$21 million), up 13.3 percent from a year earlier. The company sa... 13:46 May. 11
Shinsegae Q1 net profit up 69.2 pct to 150.9 bln won
SEOUL, May 11 (Yonhap) -- Shinsegae Inc. on Wednesday reported its first-quarter net income of 150.9 billion won (US$118.3 million), up 69.2 percent from a year earlier. The company said in a re... 13:35 May. 11
#Yonhap news summary
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Wednesday. ----------------- (LEAD) Yoon makes first commute to work in motorcade SEOUL -- President Yoon S... 13:20 May. 11
#banks
Banks post higher net profit in Q1 amid increased interest income related article
SEOUL, May 11 (Yonhap) -- Banks in South Korea logged a larger amount of net profit in the first quarter from a year earlier as rising borrowing costs drove up their interest income, data showed We... 12:00 May. 11
#jobless rate
(2nd LD) Job growth extended for 14th month in April amid economic recovery related article
(ATTN: UPDATES with more details throughout) By Kim Soo-yeon SEOUL, May 11 (Yonhap) -- South Korea reported job additions for the 14th consecutive month in April as economic recovery momentum has b... 09:58 May. 11
#Jeju Air-UAM project
Jeju Air joins consortium for UAM services related article
SEOUL, May 11 (Yonhap) -- Jeju Air Co., South Korea's biggest budget carrier, said Wednesday it has joined a consortium to provide urban air mobility (UAM) services in efforts to find a new growth ... 09:53 May. 11
#exports
(LEAD) S. Korea's exports up 28.7 pct in first 10 days of May related article
(ATTN: RECASTS headline to add more info; ADDS more details from 3rd para) SEOUL, May 11 (Yonhap) -- South Korea's exports rose 28.7 percent in the first 10 days of May from a year earlier on the ba... 09:50 May. 11
#exports
S. Korea's exports up 28.7 pct in first 10 days of May related article
SEOUL, May 11 (Yonhap) -- South Korea's exports rose 28.7 percent in the first 10 days of May from a year earlier on the back of demand for chips and petroleum products, customs data showed Wednesda... 09:04 May. 11

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Banks post higher net profit in Q1 amid increased interest income related article

(2nd LD) Job growth extended for 14th month in April amid economic recovery related article

Jeju Air joins consortium for UAM services related article

(LEAD) S. Korea's exports up 28.7 pct in first 10 days of May related article

S. Korea's exports up 28.7 pct in first 10 days of May related article