Economy

Economy

#big firms
Top 1,000 firms' sales hit new high in 2021 amid pandemic
SEOUL, May 12 (Yonhap) -- South Korea's major listed firms saw their sales jump more than 16 percent to an all-time high in 2021 despite the prolonged coronavirus pandemic, a corporate tracker said... 13:41 May. 12
E-Mart Q1 net profit up 689.2 pct. to 805.8 bln won
SEOUL, May 12 (Yonhap) -- E-Mart Inc. on Thursday reported its first-quarter net income of 805.8 billion won (US$624.9 million), up 689.2 percent from a year earlier. The company said in a regul... 13:35 May. 12
#news summary
Yonhap News Summary
The following is the first summary of major stories moved by Yonhap News Agency on Thursday. ----------------- (2nd LD) N. Korea confirms first case of omicron variant of COVID-19: state media ... 13:30 May. 12
#Samsung insurance
Samsung Fire & Marine Insurance Q1 net down on base effect
SEOUL, May 12 (Yonhap) -- South Korean insurer Samsung Fire & Marine Insurance Co. said Thursday its first-quarter earnings decreased 5.2 percent from a year ago due to a higher base effect. Ne... 13:17 May. 12
#emission right
Bourse operator considering opening emission futures market
SEOUL, May 12 (Yonhap) -- South Korea's bourse operator is weighing the option of launching a futures market for carbon emissions, officials said Thursday. The Korea Exchange (KRX) and the coun... 13:13 May. 12
#price fixing
6 chicken-processing firms and association fined for price fixing related article
SEOUL, May 12 (Yonhap) -- South Korea's antitrust regulator said Thursday it has decided to impose a combined fine of 699 million won (US$546,500) on six poultry-processing firms and their associat... 12:00 May. 12
#service output
Service output in all 16 provinces, cities gains 4.1 pct in Q1
SEOUL, May 12 (Yonhap) -- Service output in all 16 provinces and major cities of South Korea climbed more than 4 percent in the first three months of the year on an economic recovery amid the coron... 12:00 May. 12
#ICT exports
ICT exports rise 16.9 pct in April on brisk chip, display demand
SEOUL, May 12 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products rose 16.9 percent in April from a year earlier on strong overseas demand for chips and dis... 11:11 May. 12
#KT
(LEAD) KT's Q1 net profit up 39.5 pct, led by growth of media, enterprise services
(ATTN: RECASTS with more details; CHANGES headline; ADDS photo) SEOUL, May 12 (Yonhap) -- KT Corp., South Korea's No. 2 telecom operator, said Thursday its first quarter net profit increased 39.5 p... 10:45 May. 12
KT&G Q1 net income down 3.4 pct to 263.4 bln won
SEOUL, May 12 (Yonhap) -- KT&G Corp. on Thursday reported its first-quarter net profit of 263.4 billion won (US$205.2 million), down 3.4 percent from a year earlier. The company said in a regula... 10:44 May. 12
SK Biopharmaceuticals turns to loss in Q1
SEOUL, May 12 (Yonhap) -- SK Biopharmaceuticals Co. on Thursday reported its first-quarter net loss of 35.2 billion won (US$27.4 million), turning from a profit of 129 billion won a year earlier. ... 10:23 May. 12
#Ourhome
Ourhome Chairperson Koo Cha-hak dies at 92
SEOUL, May 12 (Yonhap) -- Koo Cha-hak, chairperson of South Korean food service company Ourhome Ltd., died Thursday of chronic ailments, his family said. He was 92. Born in 1930 as the third son... 09:27 May. 12
KT Q1 net profit up 39.5 pct to 455.4 bln won
SEOUL, May 12 (Yonhap) -- KT Corp. on Thursday reported its first-quarter net income of 455.4 billion won (US$355 million), up 39.5 percent from a year earlier. The company said in a regulatory ... 09:10 May. 12
#editorials
(EDITORIAL from Korea JoongAng Daily on May 12)
Stabilizing the economy is the first priority The tightening roadmap by the U.S. Federal Reserve after a recent 50-basis-point increase in the benchmark rate has rattled the global financial marke... 07:05 May. 12
#headlines
Top headlines in major S. Korean newspapers
SEOUL, May 12 (Yonhap) -- The following are the top headlines in major South Korean newspapers on May 12. Korean-language dailies -- Yoon says he left out 'unity' because it was obvious, but direc... 07:03 May. 12
S. Korea seeks to resume construction of two nuclear reactors in 2025: sources
SEOUL, May 11 (Yonhap) -- South Korea's new administration will seek to resume currently suspended construction of two nuclear reactors in the coastal county of Uljin in 2025, government and indust... 23:13 May. 11
#diesel price
Diesel price outstrips gasoline for first time in 14 years over tight supply, tax cut
SEOUL, May 11 (Yonhap) -- The price of diesel in South Korea has outstripped that of gasoline for the first time in 14 years due to tight global supply stemming from the Russia-Ukraine war and rece... 18:29 May. 11
#DIAC Co., Ltd.
Diac to raise 10 bln won via stock offering
SEOUL, MAY 11 (Yonhap) -- Diac Co.on Wednesday announced that it will sell stocks to raise 10 billion won (US$7.8 million). The proceeds from the stock sale will be used mainly to finance its opera... 17:49 May. 11
#ONE store
ONE store scraps IPO plan due to weak investor confidence: sources
SEOUL, May 11 (Yonhap) -- ONE store Co., a South Korean mobile app market platform, decided Wednesday to withdraw its plans for an initial public offering (IPO) due to lackluster investor confidenc... 17:28 May. 11
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency on Wednesday. ----------------- (LEAD) Yoon taps ex-deputy NSA for spy chief SEOUL -- President Yoon Suk-yeo... 17:02 May. 11

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6 chicken-processing firms and association fined for price fixing related article