Growth of wage worker jobs slows in Q3: data

SEOUL, Hiring of wage worker jobs in South Korea grew at a slower pace in the third quarter of 2023 amid an economic slowdown, and newly added paid employee jobs for people in their 40s fell for the first time in four years, data showed Wednesday.

Th…

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Hanwha Ocean shifts to black in Q4

SEOUL, Hanwha Ocean Co. on Wednesday reported its fourth-quarter net profit of 286 billion won (US$214.1 million), turning from a loss of 430.3 billion won a year earlier.

The company said in a regulatory filing that it continued to post an operating…

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(EDITORIAL from Korea Herald on Feb. 21)

The financial risks prompted by the slowdown of the commercial real estate market in the US and elsewhere are now spilling over to South Korean banks at a worrying pace, suggesting that they are likely to incur great losses, partly due to their poor i…

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