Banks’ household loans grow in April for 1st time in 5 months
SEOUL-- Household loans extended by banks in South Korea grew for the first time in five months in April despite the government's curbs on lending and rising borrowing costs, central…
May 11, 2022
ONE store scraps IPO plan due to weak investor confidence: sources
SEOUL-- ONE store Co., a South Korean mobile app market platform, decided Wednesday to withdraw its plans for an initial public offering (IPO) due to lackluster investor confidence, financial industry…
Grand Korea Leisure remains in red in Q1
SEOUL-- Grand Korea Leisure Co. on Wednesday reported its first-quarter net loss of 10.8 billion won (US$8.5 million), remaining in the red compared with a year ago.The company said in…
Korea Gas Q1 net profit up 42.9 pct to 736.1 bln won
SEOUL-- Korea Gas Corp. on Wednesday reported its first-quarter net profit of 736.1 billion won (US$576.6 million), up 42.9 percent from a year earlier.Operating income for the January-March period was…
Seoul shares nearly flat late Wed. morning amid inflation, recession woes
SEOUL-- South Korean stocks traded nearly flat late Wednesday morning, as investors remain wary of potential impacts of high inflation and the U.S. central bank's rate hikes on the global…
Hyundai Oilbank to build biodiesel plant in S. Korea in 2023
SEOUL-- South Korean refiner Hyundai Oilbank Co. said Wednesday it will build a 130,000-ton biodiesel plant in the country's southwest next year as it pushes for white biotechnology business.White biotechnology…