SEOUL– Apple Korea’s sales jumped 24 percent on-year to hit 7.1 trillion won (US$5.97 billion) last year, data showed Thursday. The South Korean unit of U.S. tech giant Apple Inc.…
Category: Finance
Seoul stocks snap 2-day winning streak on U.S. inflation woes
SEOUL — South Korean stocks retreated after a two-day increase Thursday, as investors worry rising inflation in the United States could hasten the Federal Reserve’s tapering move. The Korean won…
2021 excess tax revenue estimated to top gov’t forecast
SEOUL– South Korea’s excess tax revenue for last year is estimated to have exceeded the government’s earlier forecast by some 8 trillion won (US$6.7 billion) on the back of rises…
Tax revenue rebounds in Nov. amid economic recovery
SEOUL– South Korea’s tax revenue rebounded in November last year from a year ago as corporate income tax increased amid the economic recovery, the finance ministry said Thursday. The government…
Moon to use Middle East trip to expand business opportunities: official
SEOUL– President Moon Jae-in will use his trip to the Middle East later this week to explore opportunities for South Korean businesses in hydrogen, defense and other industries, a Cheong Wa Dae official said Wednesday.Moon is set to depart Saturday fo…
POSCO logs record high earnings in 2021 on robust demand, high prices
SEOUL– POSCO, South Korea’s top steelmaker, said Wednesday that it logged its largest earnings ever last year on the back of strong demand for key products and high prices.Its operating income stood at 9.2 trillion won (US$7.73 billion) last year on a…
S. Korea, India to resume talks on upgrading trade pact next month
SEOUL– South Korea and India have agreed to resume negotiations to upgrade their bilateral trade pact next month after more than two years of hiatus, Seoul’s trade ministry said Wednesday.The two nations implemented the Comprehensive Economic Partners…
Market cap of top 100 firms gains 10.8 pct over past year
SEOUL– South Korea’s top 100 companies have seen their total market capitalization swell nearly 11 percent over the past one-year period, a corporate tracker said Wednesday.The combined market value of those leading firms came to 2,128 trillion won (U…
Yoon overtakes Lee 38 pct to 35.3 pct: poll
SEOUL– Main opposition presidential candidate Yoon Suk-yeol overtook his ruling party rival Lee Jae-myung after gaining 38 percent public support against Lee’s 35.3 percent, a survey showed Wednesday.Yoon of the conservative People Power Party added 3…
US Proposes More UN Sanctions on North Korea Following Missile Tests
The United States is proposing more international sanctions against North Korea, as part of a wider effort to ramp up pressure on Pyongyang following its most recent missile tests.The United States Wednesday strengthened its own sanctions against North…