SEOUL, LG Chem Ltd., South Korea’s leading chemical company, said Tuesday its first-quarter net profit plunged 49 percent from a year earlier due to higher raw material costs and lower demand amid an economic slowdown.
Net profit for the three month…
President Yoon Suk Yeol and main opposition Democratic Party of Korea leader Lee Jae-myung sat down for talks on Monday for the first time since Yoon took office two years ago.
Lee began the meeting by listing a number of proposals including impleme…
SEOUL, South Korea’s industrial output logged the sharpest fall in about four years after four months of monthly gains in March on falling manufacturing production, data showed Tuesday.
Retail sales, however, rebounded on rising demand for food and …
SEOUL, Daewoo Engineering and Construction Co. on Tuesday reported its first-quarter net income of 91.5 billion won (US$66.4 million), down 6.9 percent from a year earlier.
The company said in a regulatory filing that operating profit for the Januar…
SEOUL, Medical professors working for three general hospitals in Seoul suspended outpatient clinics and surgeries Tuesday amid a prolonged walkout by junior doctors, but no major disruptions have been reported, officials said.
Some professors, who s…