SEOUL, July 27 (Korea Bizwire) — LG Electronics Inc. reported a 6.2 percent fall in second-quarter operating profit, primarily due to a one-time provision. The company said in a regulatory filing that operating income for the April-June period came to 741.9 billion won (US$581 million), down from the 892.7 billion won it had predicted earlier [...]
SEOUL, July 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, on Thursday raised its annual sales and profit guidance for the year after reporting robust earnings in the second quarter on a weak won and an improved product mix. Kia forecast its sales will be more than 100 trillion won (US$78.2 [...]
SEOUL, July 27 (Korea Bizwire) — South Korea unveiled its tax code revision bill Thursday, focusing on providing tax cuts for businesses and reducing financial burdens for the people to counter a prolonged slowdown and revive economic vitality. But the latest tax-cut measures will likely stir up concerns over falling tax revenue. In the first [...]
SEOUL, July 27 (Korea Bizwire) — The labor union of Kakao Corp. is seeking group action after the South Korean tech giant’s subsidiaries recently carried out voluntary retirement and restructuring. The Korean Confederation of Trade Unions’ Kakao Branch on Wednesday staged a protest in front of the Kakao headquarters in Seongnam, Gyeonggi Province, attended by [...]
HONG KONG SAR, July 27 (Korea Bizwire) - Media OutReach Newswire, Asia’s first global newswire, has launched the next-generation SaaS integrated communications portal that offers three simple steps in press release submission, centralised post-release reports and a groundbreaking Press Release Distribution Campaign Intelligence Report that provides holistic insights of press release distribution campaign performance for the [...]
SEOUL, July 27 (Korea Bizwire) — There has been an increasing number of human immunodeficiency virus (HIV) infections in South Korea due to same-sex contact in the last few years, data showed Wednesday. According to the Korea Disease Control and Prevention Agency, there were 19,001 cases of HIV infection between 1985 and 2022, excluding foreigners. [...]
SEOUL, July 27 (Korea Bizwire) — The number of gangsters aged 10 to 30, also known as “MZ generation gangs,” is increasing. The National Police Agency’s National Investigation Headquarters on Wednesday reported that 1,589 gang members were arrested and 313 were placed in custody during a four-month special crackdown on organized crime. Out of those [...]
SEOUL, July 27 (Korea Bizwire) – Convenience stores are experiencing a surge in demand for COVID-19 test kits as South Korea reports a recent rise in new coronavirus cases. According to convenience store chain CU, sales of COVID-19 self-test kits between July 18 and 24 jumped by 34.8 percent compared to the previous week (July [...]
London, July 27 (Korea Bizwire) “Shell delivered strong operational performance and cash flows in the second quarter, despite a lower commodity price environment. Today we are delivering on our Capital Markets Day commitment of a 15% dividend increase. We are going further on our buyback guidance by commencing a $3 billion programme for the next [...]
SEOUL, July 27 (Korea Bizwire) — LG Chem Ltd. said Thursday its second-quarter profit sank 30 percent from a year earlier as global demand for petrochemicals remained sluggish. Operating income reached 615.6 billion won (US$484 million) in the April-June period, compared with 878.4 billion won the previous year, the company said in a regulatory filing. [...]