KG Mobility Corp. on Friday reported its second-quarter net income of 32.6 billion won (US$23.6 million), up 81.5 percent from a year earlier. The company said in a regulatory filing that it posted 10.6 billion won in operating profit for the quarter, compared with 18.8 billion won a year ago. Revenue fell 2 percent to 984.9 billion won. Source: Yonhap News Agency
South Korea’s Youth Employment Struggles Amid Economic Growth
October 19, 2026