Category: Business

Dongwon Industries Q2 net profit down 49.1 pct. to 43.5 bln won

SEOUL– Dongwon Industries Co. on Tuesday reported its second-quarter net profit of 43.5 billion won (US$37.9 million), down 49.1 percent from a year earlier.The company said in a regulatory filing that it posted 59.3 billion won in operating profit fo…

Seoul stocks up for 2nd day on tech gains after choppy trading

SEOUL– South Korean stocks rose for a second straight session Tuesday after choppy trading, backed by strong advances by large tech companies. The Korean won increased against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI) add…

Dongwon Systems Q2 net income up 11.8 pct. to 21 bln won

SEOUL– Dongwon Systems Corp. on Tuesday reported its second-quarter net income of 21 billion won (US$18.3 million), up 11.8 percent from a year earlier.The company said in a regulatory filing that it posted 24.7 billion won in operating profit for the…

S. Korean Bond Yields on Aug. 3, 2021

Today (%) Previous Session(%) Change (BP)1-year TB 0.952 0.944 +0.82-year TB 1.280 1.264 +1.63-year TB 1.442 1.435 +0.710-year TB 1.890 1.907 -1.72-year MSB 1.280 1.268 +1.23-year CB (AA-) 1.863 1.858 +0.591-day CD 0.700 0.700 0.0Source: Yonhap News Ag…

SK Ie Technology Q2 net profit down 4.5 pct. to 42.1 bln won

SEOUL– SK Ie Technology Co. on Tuesday reported its second-quarter net income of 42.1 billion won (US$36.7 million), down 4.5 percent from a year earlier.The company said in a regulatory filing that it posted 44.4 billion won in operating profit for t…

S. Korean Bond Yields on Aug. 2, 2021

Today (%) Previous Session(%) Change (BP)1-year TB 0.944 0.936 +0.82-year TB 1.264 1.255 +0.93-year TB 1.435 1.417 +1.810-year TB 1.907 1.874 +3.32-year MSB 1.268 1.255 +1.33-year CB (AA-) 1.858 1.847 +1.191-day CD None None NoneSource: Yonhap News Agency

Kia’s July sales rise 8.7 pct on overseas demand

SEOUL– Kia Corp., South Korea’s second-largest automaker, said Monday its sales rose 8.7 percent last month from a year earlier on strong overseas demand for its SUV models.Kia sold a total of 241,399 vehicles in July, up from 222,119 units a year ago…