Trade volume this year breaks USD 1T mark in record time

The nation’s trade volume has exceeded USD 1 trillion this year in record time. The Ministry of Trade, Industry and Energy and the Korea Customs Service on Oct. 26 said…

S. Korea to take ‘all possible’ steps to stabilize housing market

SEOUL– South Korea will take “all possible” measures to stabilize the real estate market as it sees the pace of home price growth slowing down, the finance ministry said Wednesday.…

Seoul stocks extend losses late Wed. morning on profit-taking

SEOUL– South Korean stocks extended losses late Wednesday morning as investors attempted to cash in gains from the recent stock price hike. The benchmark Korea Composite Stock Price Index (KOSPI)…

8 Harim affiliates fined 3.8 billion won for providing undue biz favors to Orpum

SEOUL– South Korea’s antitrust regulator said Wednesday it has imposed a combined fine of 3.8 billion won (US$3.3 million) on eight affiliates of Harim Co. for providing undue business favors…

Kia Q3 net profit up 748.8 pct. to 1.13 tln won

SEOUL– Kia Corp. on Wednesday reported its third-quarter net income of 1.13 trillion won (US$969.6 million), up 748.8 percent from a year earlier. Operating profit for the July-September period was…

Kia Q3 net jumps on base effect, chip woes remain

SEOUL– Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its third-quarter net profit rose sharply due to a lack of one-off costs, but chip shortages remain a major concern for…

Seoul stocks slump as investors take profit amid earnings peak-out worries

SEOUL– South Korean stocks retreated Wednesday as investors attempted to cash in gains amid concerns that the corporate earnings may wane after a strong third quarter. The Korean won fell…

Finance minister to leave for Europe to attend G20, climate change meetings

SEOUL– Finance Minister Hong Nam-ki will leave for Italy this week to attend a Group of 20 meeting of finance and health ministers to explore ways to foster a sustainable…

LG Display posts strong Q3 earnings on robust panel demand, OLED biz

SEOUL– LG Display Co., South Korea’s major display panel maker, said Wednesday that its third-quarter net income surged 4,067.5 percent from a year earlier to 463.5 billion won (US$396.1 million),…

Q3 growth hits 0.3% for 5th straight quarter of rise

The economy in the third quarter grew 0.3% from the second. The Bank of Korea on Oct. 26 said in a report that gross domestic product (GDP) in the third…