Month: January 2024
Seoul shares fall late Wed. morning, hurt by chipmakers
SEOUL, South Korean stocks lost ground late Wednesday morning, hurt by declines in semiconductor stocks after Samsung Electronics reported its fourth-quarter earnings.
The benchmark Korea Composite Stock Price Index had fallen 5.00 points, or 0.20 p…
PPP pledges to bury railways running through cities underground for urban redevelopment
SEOUL/SUWON, South Korea, The ruling People Power Party (PPP) said Wednesday it will seek to bury railways running through major cities underground and develop the newly created overland areas into futuristic urban spaces with parks, offices and new …
S. Korea suffers record tax revenue shortfall in 2023 amid economic slowdown
SEOUL, South Korea’s tax revenue fell 51.9 trillion won (US$38.92 billion) in 2023 from a year earlier due mainly to weak corporate activities and the property market slump, the finance ministry said Wednesday.
The government collected 344.1 trillio…
Court orders state compensation of 4.5 bln won to 16 Brothers Welfare Center victims
SEOUL, A Seoul court on Friday ordered the state to compensate victims of human rights abuses at a now-defunct detention facility for vagrants in the southeastern city of Busan, in the second such ruling recognizing state responsibility in the incide…
Stabbing rampage suspect sentenced to life imprisonment
SEOUL, A court on Wednesday sentenced a Seoul stabbing rampage suspect to life in prison.
The Seoul Central District Court handed out the life sentence to Cho Seon, 34, who was indicted for stabbing one man to death and wounding three others near a …
POSCO International Q4 net profit down 21.1 pct to 73.4 bln won
SEOUL, POSCO International on Wednesday reported its fourth-quarter net income of 73.4 billion won (US$55 million), down 21.1 percent from a year earlier.
The company said in a regulatory filing that it posted 214.6 billion won in operating profit f…
N. Korea to hold arts festival marking late leader’s birth anniversary
SEOUL, North Korea said Wednesday it will hold an eight-day cultural event next month on the occasion of the 82nd birth anniversary of the country’s late leader Kim Jong-il.
The people’s arts festival will be held Feb. 11-18 in Pyongyang to mark the…
Samsung CandT 2023 net profit up 6.8 pct to 2.71 tln won
SEOUL, Samsung CandT Corp. on Wednesday reported its 2023 net profit of 2.71 trillion won (US$2 billion), up 6.8 percent from a year earlier.
The company said in a regulatory filing that it posted 2.87 trillion won in operating profit for the year, …
LG HandH 2023 net income down 36.7 pct to 163.5 bln won
SEOUL, LG HandH Co. on Wednesday reported its 2023 net profit of 163.5 billion won (US$122.5 million), down 36.7 percent from a year earlier.
The company said in a regulatory filing that it posted 487 billion won in operating profit for the year, co…
Sullivan calls three-way partnership with S. Korea, Japan ‘vision for the world’
WASHINGTON, Jan. 30 (Yonhap) — U.S. National Security Advisor Jake Sullivan on Tuesday cast the deepening trilateral partnership with South Korea and Japan as a “vision for the world” as Washington strives to leverage it to confront a range of regio…