August 8, 2024

Lotte Chemical remains in red in Q2

Lotte Chemical Corp. on Thursday reported its second-quarter net loss of 107.1 billion won (US$77.8 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 111.2…

Korea Electric Power swings to profits in Q2

Korea Electric Power Corp. on Thursday reported its second-quarter net income of 114.4 billion won (US$83.1 million), swinging from a loss of 1.9 trillion won a year earlier.

Operating profit for the April-June period was 1.25 trillion, compared wit…

(2nd LD) Kakao Q2 net income up 59.1 pct on solid platform biz

South Korea’s social media giant Kakao Corp. said Thursday its second-quarter net income jumped 59.1 percent from a year earlier, led by higher sales of its platform business.

Net profit for the April-June period reached 87.1 billion won (US$63.4 mi…

KT&G Q2 net profit up 57.5 pct to 318 bln won

KT and G Corp. on Thursday reported its second-quarter net income of 318 billion won (US$230.9 million), up 57.5 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period rose 30.6 percent o…

18 die from heat-related illnesses so far this year

Eighteen people have died from heat-related causes so far this year, officials said Thursday, as intense heat with apparent temperatures of over 35 C continues to grip the country.

A total of 1,907 people had suffered heat-related illnesses from May…

Hyundai Department Store shifts to loss in Q2

Hyundai Department Store Co. on Thursday reported its second-quarter net loss of 145.4 billion won (US$105.5 million), shifting from a profit of 25.6 billion won a year earlier.

The company said in a regulatory filing that it posted 42.8 billion won…