KOSPI index Archives | Be Korea-savvy

KT&G’s January Net Up 31%

SEOUL, Feb. 26 (Korea Bizwire) – KT&G Corp., South Korea’s major tobacco company, said Monday its January net income rose 31 percent from a year ago amid fluctuations in the won-dollar exchange rate. Net profit came to 58.8 billion won (US$55 million) last month, compared with 44.9 billion won posted a year earlier, the company [...]

Lotte Chairman Sells 214 Bln Won Worth of Shares in Retail Unit

SEOUL, Nov. 21 (Korea Bizwire) – Lotte Shopping Co., the retail affiliate of South Korea’s fifth-largest conglomerate Lotte, said Tuesday that the group chairman sold part of his holdings in the company for 214.6 billion won (US$196 million). Chairman Shin Dong-bin unloaded over 1 million shares of Lotte Shopping after the local stock market closed, [...]