Korea News Digest

US Seizes Tanker Used to Deliver Oil to North Korea

The United States seized a Singapore-owned oil tanker Friday that was used to make illegal oil deliveries to North Korea, the Justice Department said.A New York federal judge issued a judgment of forfeiture authorizing the United States to take ownersh…

Samsung Heavy Industries reduces net loss in Q2

SEOUL– Samsung Heavy Industries Co. said Friday that it narrowed its net loss in the second quarter from a year earlier thanks to increased sales.Its net loss reached 447.4 billion won (US$388.9 million) in the second quarter from 704.3 billion won a …

Hotel Shilla shifts to black in Q2

SEOUL– Hotel Shilla Co. on Friday reported its second-quarter net profit of 12 billion won (US$10.5 million), swinging from a loss of 67.7 billion won a year earlier.Operating income for the April-June period was 46.4 billion, compared with a loss of …

Hyosung Q2 net income up 409.7 pct to 187.4 bln won

SEOUL– Hyosung Corp. on Friday reported its second-quarter net profit of 187.4 billion won (US$162.9 million), up 409.7 percent from a year earlier.The company said in a regulatory filing that it posted 218 billion won in operating profit for the quar…

Over 1,200 Kyrgyzstanis receive jab of AstraZeneca vaccine

In Kyrgyzstan, 1258 people have already been vaccinated with AstraZeneca coronavirus vaccine, Director of the Immunoprophylaxis Republican Center Gulbara Ishenapysova said at a briefing on Friday, Trend reports with reference to Kabar.”The vaccination …

U.S. firm, 8 others submit LOIs for SsangYong Motor

SEOUL– A U.S. vehicle importer and eight other companies have submitted letters of intent to acquire SsangYong Motor Co., SsangYong said Friday.U.S.-based Cardinal One Motors, SM Group and Edison Motors Co. confirmed they joined the race to acquire th…

Video game competition to heat up with new launches

SEOUL– Competition in South Korea’s mobile video game market is set to intensify in the coming months with the launches of new titles, analysts said Friday.Video game giant NCSOFT Corp. is set to release “Blade & Soul 2,” the sequel to its popular mas…

Lawmakers condemn misogynistic attacks on Olympic archer

SEOUL– A group of progressive lawmakers have condemned misogynistic attacks being leveled at a female South Korean archer now competing at the Tokyo Olympics.An San, who set a record of winning three golds in archery at a single Olympics Friday, has r…