SEOUL, Global credit appraiser SandP Global Ratings has maintained its credit rating on South Korea at “AA,” with a stable outlook, Seoul’s finance ministry said Tuesday.
SandP has kept South Korea’s long-term sovereign credit rating at the third-hi…
SEOUL, Ediya Coffee, South Korea’s third-largest coffee franchise by sales, said Tuesday it will adopt the Taiwanese QR payment method TWQR in its domestic outlets starting next month.
It is the first time for a Korean coffee franchise to introduce …
SEOUL, Samsung SDI Co. on Tuesday reported its first-quarter net profit of 286.7 billion won (US$208.4 million), down 38.3 percent from a year earlier.
The company said in a regulatory filing that operating income for the January-March period fell 2…
SEOUL, South Korean stocks opened slightly higher Tuesday backed by strong earnings performance by top cap Samsung Electronics and overnight U.S. stock gains.
The benchmark Korea Composite Stock Price Index (KOSPI) gained 7.81 points, or 0.29 percen…
SEOUL, Two major general hospitals in Seoul were set to suspend outpatient clinics and surgeries Tuesday, as their senior doctors began taking a weekly day off amid a protracted walkout by junior doctors in protest of the government’s medical reform….
SEOUL, LG Chem Ltd., South Korea’s leading chemical company, said Tuesday its first-quarter net profit plunged 49 percent from a year earlier due to higher raw material costs and lower demand amid an economic slowdown.
Net profit for the three month…
President Yoon Suk Yeol and main opposition Democratic Party of Korea leader Lee Jae-myung sat down for talks on Monday for the first time since Yoon took office two years ago.
Lee began the meeting by listing a number of proposals including impleme…
SEOUL, South Korea’s industrial output logged the sharpest fall in about four years after four months of monthly gains in March on falling manufacturing production, data showed Tuesday.
Retail sales, however, rebounded on rising demand for food and …
SEOUL, Daewoo Engineering and Construction Co. on Tuesday reported its first-quarter net income of 91.5 billion won (US$66.4 million), down 6.9 percent from a year earlier.
The company said in a regulatory filing that operating profit for the Januar…
