Economy

Economy

#Today in Korean history
Today in Korean history
May 16 1973 -- North Korea joins the World Health Organization. South Korea became a member in 1949. 1980 -- The military government of Chun Doo-hwan expands its use of emergency martial la... 14:00 May. 15
#Muziktiger
Samsung Electronics to roll out Muziktiger edition for Galaxy Z Fold3
SEOUL, May 15 (Yonhap) -- South Korean tech giant Samsung Electronics Co. said Sunday it will launch a limited edition of the Galaxy Z Fold3 handset in collaboration with homegrown design brand Muz... 11:50 May. 15
#SsangYong
(3rd LD) Court picks KG consortium as preliminary bidder for SsangYong Motor related article
(ATTN: UPDATES with details in last 3 paras) SEOUL, May 13 (Yonhap) -- A Seoul court on Friday selected a local consortium led by chemical-to-steel firm KG Group as the preliminary bidder for Ssan... 19:15 May. 13
#Samsung Electronics
(LEAD) Samsung considers raising chip prices by 20 pct: report
(ATTN: ADDS more details from 4th para, photo) SEOUL, May 13 (Yonhap) -- Samsung Electronics Co. is considering raising chipmaking prices by up to 20 percent, a news report said Friday. Bloomber... 18:30 May. 13
#financial minister
Finance minister, BOK chief to meet Monday
SEOUL, May 13 (Yonhap) -- Finance Minister Choo Kyung-ho and Bank of Korea Governor Rhee Chang-yong will meet next week to discuss the economic situation and coordinate their policies, the finance ... 18:28 May. 13
#Samsung Electronics
Samsung considers raising chip prices by 20 pct: report
SEOUL, May 13 (Yonhap) -- Samsung Electronics Co. is considering raising chipmaking prices by up to 20 percent, a news report said Friday. Bloomberg reported the South Korean chipmaker is in tal... 18:10 May. 13
#MEDICOX Co., Ltd.
Medicox to raise 4 bln won via stock sale
SEOUL, May 13 (Yonhap) -- Medicox Co.on Friday announced that it will sell stocks to raise 4 billion won (US$3.1 million). The proceeds from the stock offering will be used primarily to finance its... 17:58 May. 13
#Citibank Korea
Citibank Korea Q1 net falls on reduced retail banking services
SEOUL, May 13 (Yonhap) -- Citibank Korea Inc., the South Korean unit of Citigroup Inc., said Friday its net profit for the first quarter of this year decreased as the lender is gradually reducing i... 17:18 May. 13
#SD BIOTECHNOLOGIES CO., LTD.
SD Biotechnologies to raise 35.2 bln won via stock sale
SEOUL, May 13 (Yonhap) -- SD Biotechnologies Co. on Friday announced that it will sell stocks to raise 35.2 billion won(US$27.4 million). The proceeds from the stock offering will be used primarily... 16:59 May. 13
(LEAD) Lotte Chemical Q1 net tanks on high oil costs, slowing demand
(ATTN: RECASTS headline, lead; UPDATES with more info; ADDS photo) SEOUL, May 13 (Yonhap) -- Lotte Chemical Corp., the petrochemical unit of South Korean conglomerate Lotte Group, said Friday its f... 16:30 May. 13
#SsangYong
(2nd LD) Court picks KG consortium as preliminary bidder for SsangYong Motor related article
(ATTN: UPDATES with KG and Ssangbangwool's comments in 6-9; ADDS 2nd photo) SEOUL, May 13 (Yonhap) -- A Seoul court on Friday selected a local consortium led by chemical-to-steel firm KG Group as ... 16:29 May. 13
Coway Q1 net income up 7.3 pct to 135 bln won
SEOUL, May 13 (Yonhap) -- Coway Co. on Friday reported its first-quarter net profit of 135 billion won (US$105.1 million), up 7.3 percent from a year earlier. The company said in a regulatory fi... 15:55 May. 13
KEPCO Plant Service & Engineering Q1 net income down 52.7 pct to 20.8 bln won
SEOUL, May 13 (Yonhap) -- KEPCO Plant Service & Engineering Co. on Friday reported its first-quarter net profit of 20.8 billion won (US$16.2 million), down 52.7 percent from a year earlier. Oper... 15:55 May. 13
CJ CGV remains in red in Q1
SEOUL, May 13 (Yonhap) -- CJ CGV Co. on Friday reported its first-quarter net loss of 111.4 billion won (US$86.8 million), remaining in the red compared with a year ago. The company said in a regu... 15:53 May. 13
Lotte Chemical Q1 net profit down 78.3 pct to 116.6 bln won
SEOUL, May 13 (Yonhap) -- Lotte Chemical Corp. on Friday reported its first-quarter net income of 116.6 billion won (US$90.8 million), down 78.3 percent from a year earlier. Operating income for... 15:33 May. 13
#KEPCO
(LEAD) Korea Electric Power reports record loss in Q1 over high fuel prices
(ATTN: RECASTS headline, lead to add more details; ADDS more info throughout, photo) SEOUL, May 13 (Yonhap) -- South Korea's state power firm Korea Electric Power Corp. (KEPCO) on Friday reported a ... 15:29 May. 13
#SsangYong
(LEAD) Court picks KG consortium as preliminary bidder for SsangYong Motor related article
(ATTN: RECASTS throughout; ADDS photo) SEOUL, May 13 (Yonhap) -- A Seoul court on Friday selected a local consortium led by chemical-to-steel firm KG Group as the preliminary bidder for SsangYong ... 15:01 May. 13
#LG Uplus
(LEAD) LG Uplus' Q1 net down 15.2 pct from decreased handset-related margins
(ATTN: RECASTS with more details; CHANGES headline; ADDS photo) SEOUL, May 13 (Yonhap) -- LG Uplus Corp., South Korea's third-largest mobile carrier, said its first-quarter net profit slumped 15.2 ... 14:17 May. 13
#economic meeting
Yoon calls for preemptive response to economic challenges
By Lee Haye-ah SEOUL, May 13 (Yonhap) -- President Yoon Suk-yeol on Friday called for a preemptive response to various economic challenges facing the country, citing concerns about a trade deficit ... 14:03 May. 13
#Korean history
Today in Korean history
May 14 1928 -- Korean independence movement activist Jo Myeong-ha unsuccessfully attempts to assassinate Japanese Army Gen. Kunihiko Kuninomiya in Taiwan. Jo, 23, self-taught in Korea and Japan... 14:00 May. 13

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(3rd LD) Court picks KG consortium as preliminary bidder for SsangYong Motor related article

(2nd LD) Court picks KG consortium as preliminary bidder for SsangYong Motor related article

(LEAD) Court picks KG consortium as preliminary bidder for SsangYong Motor related article