Daily Archive: August 12, 2020

Gov’t doubles state aid for disaster relief

SEOUL, South Korea’s government on Wednesday decided to double the state aid for disaster relief and recovery, as the unusually prolonged rainy season has wrecked havoc on houses, farm land...

LG Electronics joins hands with local partners for 6G tech

SEOUL, LG Electronics Inc. signed a deal Wednesday with local partners to develop 6G telecommunication technologies, the company said. South Korea’s No. 2 tech firm partnered with the Korea Research...

HMM swings to Q2 profit on decreased costs

SEOUL, HMM Co., South Korea’s biggest shipping company by sales, said Wednesday that it shifted to the black in the second quarter of the year from a year earlier due...

Kia to launch face-lifted Stinger this month

SEOUL, Kia Motors Corp. said Wednesday it will launch the upgraded Stinger sports sedan in South Korea later this month to boost sales in the struggling sedan market. Kia has...

Netmarble Q2 net profit up 124.2 pct. to 85.2 bln won

SEOUL, Netmarble Corp. on Wednesday reported its second-quarter net income of 85.2 billion won (US$ 71.9 million), up 124.2 percent from a year earlier. The company said in a regulatory...