Daily Archive: July 22, 2021

Vietnam expresses regrets over cremation of S. Korean resident

SEOUL, July 22 (Yonhap) — Vietnam has expressed regrets over the recent cremation of a South Korean resident without consent from his family after he died following COVID-19 infection, the foreign ministry said Thursday.The Korean man in his 50s teste…

POSCO’s Q2 net jumps 18 times on robust demand

SEOUL, July 22 (Yonhap) — POSCO, the world’s fifth-largest steelmaker by output, said Thursday that its second-quarter net profit surged 18 times from a year earlier on robust demand amid the global economic recovery from the COVID-19 pandemic.Net pro…

Vaulter Yang Hak-seon regains confidence after key practice

TOKYO, July 22 (Yonhap) — Botched landings aside, South Korean vaulter Yang Hak-seon still walked away from his recent practice with a huge smile on his face, confident that he can pick up his second Olympic medal in Tokyo to add to the monumental gol…

Seoul stocks snap 4-day losing streak on earnings hope

SEOUL, July 22 (Yonhap) — South Korean stocks snapped their four-day losing streak Thursday, as hopes for robust second-quarter earnings boosted investor sentiment despite the surge in new virus cases. The Korean won rose against the U.S. dollar.The b…

Kia Q2 net jumps more than 10-fold on base effect, SUVs

SEOUL, July 22 (Yonhap) — Kia Corp., South Korea’s No. 2 carmaker, said Thursday its second-quarter net profit soared more than 10-fold from a year earlier on a low base effect and strong sales of sports utility vehicles (SUVs).Net profit in the April…

GM Korea, labor union reach tentative wage deal

SEOUL, July 22 (Yonhap) — GM Korea Co., the South Korean unit of General Motors Co., and its labor union reached a tentative wage deal on Thursday, one day after its unionized workers went on partial strike for higher pay.The deal includes an increase…