Shinhan Financial Group net soars 43 pct in Q2
— Major South Korean financial holding firm Shinhan Financial Group Co. said Tuesday its net profit jumped more than 43 percent in the second quarter of the year with first-half…
July 27, 2021
Finance chief to issue public message over housing market
Finance Minister Hong Nam-ki plans to issue a public message about the housing market Wednesday, the finance ministry said Tuesday, as the government seeks to stabilize high-flying home prices. Hong…
Nearly 7 in 10 senior citizens want to work until 73: survey
– Nearly 7 in 10 South Korean senior citizens want to keep working until the age of 73 amid a rise in life expectancy, a survey showed Tuesday. The survey…
Samsung SDI Q2 net income up 504.5 pct. to 288.3 bln won
Samsung SDI Co. on Tuesday reported its second-quarter net profit of 288.3 billion won (US$250.5 million), up 504.5 percent from a year earlier. The company said in a regulatory filing…
E-Mart decides to buy bigger stake in Starbucks Coffee Korea
E-Mart Inc. said Friday it will acquire an additional 17.5 percent stake in Starbucks Coffee Korea for 474.2 billion won (US$412 million) to become the coffee chain’s largest shareholder. The…
IMF sharply ups 2021 growth outlook for S. Korea to 4.3 pct
The International Monetary Fund (IMF) on Tuesday sharply raised its 2021 growth outlook for South Korea to 4.3 percent as Asia’s fourth-largest economy is on a solid recovery track amid…