SEOUL, The Cabinet on Tuesday approved a motion demanding the National Assembly reconsider a special bill mandating a new investigation into the Itaewon crowd crush in 2022.
President Yoon Suk Yeol is expected to endorse the Cabinet’s decision so as…
SEOUL, Samsung SDI Co. said Tuesday its fourth-quarter earnings tumbled 21.6 percent on-year due to sluggish demand for batteries used in energy storage system (ESS) and IT products.
Consolidated net profit came to 493.3 billion won (US$370.8 millio…
SEOUL, South Korean actor Park Hae-soo has been cast in the new spy series “Butterfly” on Amazon Prime, the actor’s agency said Tuesday, marking his debut in Hollywood.
The upcoming thriller centers on a deadly chase between a former, mysterious U.S…
SEOUL, South Korean stocks closed lower Tuesday as investors booked profit ahead of the U.S. Federal Reserve’s policy meeting later this week. The Korean won rose against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) shed …
SEOUL, Amorepacific Group on Tuesday reported its 2023 net profit of 234.7 billion won (US$176.6 million), up 57.3 percent from a year earlier.
Operating profit for the year was 152 billion won, down 44.1 percent on-year, the company said in a regul…
Today (%) Previous Session(%) Change (BP)
1-year TB 3.331 3.349 -1.8
2-year TB 3.312 3.342 -3.0
3-year TB 3.268 3.304 -3.6
10-year TB 3.350 3.436 -8.6
2-year MSB 3.318 3.350 -3.2
3-year CB (AA-) 4.009 4.051 -4.2
91-day CD 3.680 3.680 0.0
Sou…
When the Bank of Korea announced last week that the country’s real gross domestic product inched up just 1.4 percent in 2023, the reaction from policymakers and the media remained largely the same: dismay and concern.
Although the figure is technica…
SEOUL, POSCO Future M Co. on Tuesday reported its 2023 net income of 4.4 billion won (US$3.3 million), down 96.4 percent from a year earlier.
The company said in a regulatory filing that it posted 35.9 billion won in operating profit for the year, c…
The Democratic Party (DP) has started to discuss putting the controversial proportional representation system to a full vote of its members to clear all the confusion, with only 70 days left before the April 10 parliamentary elections. Rep. Chung Che…
The World Food Summit in 1996 first defined food security as basic access to an adequate amount of food needed for an active and healthy life. Concern Worldwide U.S., a global charity advocacy NGO, describes on its website: “Food security is a basic …