ITA – Italia Trasporto Aereo Shareholders’ Meeting Approves Capital Increase of € 700 Million

ROME, July 28, 2021 (GLOBE NEWSWIRE) — The Shareholders’ Meeting of ITA, which met today, approved a capital increase of € 700 million, as proposed by the Board of Directors of the company. Today’s resolution follows the approval, by the Board of Directors on July 15th, of the 2021-2025 Business Plan lines and the completion of the […]

S. Korean actor Zo In-sung donates 500 mln won to build school in Tanzania

SEOUL– South Korean actor Zo In-sung has donated 500 million won (US$433,000) to build a school in Tanzania, a local welfare foundation said Wednesday. The money was used to build…

Hyundai Development Q2 net profit down 22.1 pct to 78.8 bln won

SEOUL– Hyundai Development Co. on Wednesday reported its second-quarter net income of 78.8 billion won (US$68.2 million), down 22.1 percent from a year earlier. The company said in a regulatory…

Watchdog identifies 21 suspected real estate speculation cases involving lawmakers, officials

SEOUL– The state anti-corruption watchdog said Wednesday it has identified 21 new suspected real estate speculation cases involving lawmakers and other public servants and referred them to law enforcement authorities…

Samsung Electro-Mechanics Q2 net jumps more than fivefold on robust sales

SEOUL– Samsung Electro-Mechanics Co., a major electronics parts maker in South Korea, on Wednesday reported strong second-quarter earnings on the back of robust sales of high-value added products. The Samsung…

Genomictree to raise 5 bln won via stock sale

SEOUL– Genomictree Inc. on Wednesday announced that it will sell stocks to raise 5 billion won(US$4.3 million). The proceeds from the stock offering will be used primarily to finance its…

GS Engineering & Construction Q2 net profit down 26.1 pct to 63 bln won

SEOUL– GS Engineering & Construction Corp. on Wednesday reported its second-quarter net income of 63 billion won (US$54.5 million), down 26.1 percent from a year earlier. Operating income for the…

Ward office moves to close controversial church for breaking COVID-19 rules

SEOUL– Local authorities are in the process of closing a church in northern Seoul for holding in-person services in violation of COVID-19 rules, the Seoul metropolitan government said Wednesday. Sarang…

Oci turns to profits in Q2

SEOUL– Oci Co. on Wednesday reported its second-quarter net income of 145.3 billion won (US$125.7 million), shifting from a loss of 38.2 billion won a year earlier. Operating income for…

Amorepacific Group Q2 net spikes on brisk online, overseas sales

SEOUL– South Korean cosmetics giant Amorepacific Group said Wednesday its second-quarter net profit soared 28 times from a year earlier on strong online and overseas sales. The group’s net income…