SEOUL– GM Korea Co. said Monday its sales fell 45 percent last month from a year earlier due to parts shortages and the extended COVID-19 pandemic.The South Korean unit of General Motors Co. sold 19,215 vehicles in July, down from 34,632 units the pre…
SEOUL– South Korea’s exports jumped 29.6 percent on-year in July to a record high, extending their gains to a ninth consecutive month as the global economy maintained a recovery, data showed Sunday.Outbound shipments came to US$55.4 billion last month…
SEOUL, South Korean stocks are likely to face volatility next week due to the uncertainties from China’s market regulation and the resurgence of the new coronavirus, analysts said Saturday.The benchmark Korea Composite Stock Price Index (KOSPI) closed …
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…
SEOUL– Foreign Minister Chung Eui-yong met Friday with his Uzbek counterpart, Abdulaziz Kamilov, and discussed ways to expand trade and other cooperation, the ministry said.During the talks, the two sides agreed to work closely together for a bilatera…
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 …
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 …
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…
SEOUL– LG Innotek Co., a major electronics components maker in South Korea, on Thursday reported solid second-quarter earnings results on the back of increased sales of high value-added products.The affiliate of LG Group reported a nearly 20-fold on-y…
SEOUL– DL Holdings Co. on Thursday reported its second-quarter net profit of 450.6 billion won (US$393 million), up 139.1 percent from a year earlier.The company said in a regulatory filing that operating profit for the April-June period rose 125.6 pe…
SEOUL– South Korean stocks rose for the third consecutive session Thursday as investor sentiment improved on optimism for strong corporate earnings and the U.S. Fed’s assurance that tapering would require more economic recovery from the pandemic. The …
Today (%) Previous Session(%) Change (BP)1-year TB 0.941 0.934 +0.72-year TB 1.263 1.259 +0.43-year TB 1.431 1.419 +1.210-year TB 1.889 1.862 +2.72-year MSB 1.280 1.272 +0.83-year CB (AA-) 1.862 1.853 +0.991-day CD 0.700 0.700 0.0Source: Yonhap News Ag…