SEOUL, Hana Financial Group Inc. on Wednesday reported its fourth-quarter net profit of 489.6 billion won (US$366.6 million), down 33.2 percent from a year earlier.
Operating income for the October-December period was 692.2 billion won, down 29.8 pe…
SEOUL, South Korea has started the construction of its third and last 3,600-ton-class naval submarine, the state arms procurement agency said Wednesday, amid efforts to bolster defense capabilities against North Korean threats.
Last month, the Defen…
SEOUL, South Korea’s financial regulator said Wednesday it will make it easier for regional lenders to become nationwide commercial banks, in a move aimed at promoting competition in the banking sector.
“The government announced on July 5, 2023, tha…
SEOUL, Samsung Electro-Mechanics Co. on Wednesday reported its 2023 net profit of 450.5 billion won (US$337.3 million), down 54.7 percent from a year earlier.
Operating income for the year was 639.4 billion won, down 45.9 percent from the previous y…
SEOUL, LG Chem Ltd. on Wednesday reported its 2023 net profit of 2.05 trillion won (US$1.5 billion), down 6.5 percent from a year earlier.
The company said in a regulatory filing that operating income for the year fell 15.1 percent on-year to 2.52 t…