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Sun, December 3, 2023 | 09:35

Amorepacific Q3 net rises 29% on equity gains

Amorepacific Q3 net rises 29% on equity gains

Amorepacific Group, Korea's leading cosmetics firm, said Tuesday its third-quarter net profit rose 29 percent from a year earlier on equity gains from affiliates.

2023-10-31 09:23

Samsung Electronics' Q3 operating profit sinks, but memory chips rebound

Samsung Electronics' Q3 operating profit sinks, but memory chips rebound

Samsung Electronics said Tuesday its operating profit sank nearly 80 percent due to a protracted economic slowdown but its semiconductor business reduced losses on rising demand for premium memory chips.

2023-10-31 09:09

Asiana Airlines fails to conclude cargo biz sell-off; another board meeting eyed

Asiana Airlines fails to conclude cargo biz sell-off; another board meeting eyed

Asiana Airlines, Korea's second-largest air carrier, failed to conclude on Monday whether to sell its cargo business, as Korean Air seeks to win antitrust approval from European Union regulators for the takeover of its smaller rival.

2023-10-30 23:26

Court rules against Meta over penalty on illegal user info sharing

Court rules against Meta over penalty on illegal user info sharing

Meta Platforms Ireland Inc. has lost a legal battle to defy the South Korean data protection watchdog's decision to slap a fine for providing users' personal information to other operators without consent, officials said Monday.

2023-10-30 22:29

Korean Air orders 20 more Airbus A321neo aircrafts

Korean Air orders 20 more Airbus A321neo aircrafts

Korean Air Co., South Korea's No. 1 flag carrier, said Monday it has placed an order for 20 additional Airbus A321neo aircrafts as part of its fleet modernization plan.

2023-10-30 20:33

Kakao executives discuss measures to improve ethics management amid stock manipulation allegations

Kakao executives discuss measures to improve ethics management amid stock manipulation allegations

Kakao, the operator of Korea's top mobile messenger KakaoTalk, said Monday it will seek ways to strengthen compliance management and internal control amid stock manipulation allegations involving its executives.

2023-10-30 17:51

S-Oil's operating profit soars on higher refining margin

S-Oil's operating profit soars on higher refining margin

S-Oil saw its operating profit soar in the third quarter on the back of rising refining margins and higher demand for petroleum products during the summer, according to the country's major refiner, Monday.

2023-10-30 16:59

POSCO Future M rated 'A' for ESG management

POSCO Future M rated 'A' for ESG management

POSCO Future M has achieved an environmental, social and corporate governance (ESG) rating of “A,” an upgrade of one level from a year earlier, from Korea’s most influential ESG ratings agency, the company said Monday.

2023-10-30 15:56

Promoting Busan's World Expo bid

Promoting Busan's World Expo bid

Lotte World Tower in Seoul displays a message reading "Busan is ready, hip Korea" to support the country's bid to host the World Expo 2030 in Busan. The media facade will display the message until Nov. 28, when a vote is held to determine the host city. Busan is in a race with Riyadh and Rome, with the winner to be selected by member states of the Bureau International des Exp...

2023-10-30 15:42

LG Chem Q3 net drops 18% on weak petrochemical product sales

LG Chem Q3 net drops 18% on weak petrochemical product sales

LG Chem, Korea's leading chemical company, said Monday its third-quarter net profit slipped 18 percent from a year earlier due mainly to weak sales of petrochemical products amid an economic slowdown.

2023-10-30 14:16

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