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(EDITORIAL from Korea JoongAng Daily on July 31)

The presidential office on Tuesday announced a plan to establish an office for first lady Kim Keon-hee to guide the role as the wife of the president. The announcement came nearly at the halfway point of Yoon Suk Yeol’s presidency – and five months a…

Industrial output inches down, but domestic demand grows in June

South Korea’s industrial output fell for the second consecutive month in June, but retail sales and facility investment rebounded, data showed Wednesday.

Industrial output inched down 0.1 percent on-month in June, following a 0.8 percent fall a mont…

Kiwoom Securities Q2 net income up 74 pct to 232.1 bln won

Kiwoom Securities Co. on Wednesday reported its second-quarter net income of 232.1 billion won (US$167.6 million), up 74 percent from a year earlier.

The company said in a regulatory filing that operating income for the April-June period rose 72.7 p…

Samsung Electronics Q2 net income up 471 pct to 9.84 tln won

Samsung Electronics Co. on Wednesday reported its second-quarter net income of 9.84 trillion won (US$7.1 billion), up 471 percent from a year earlier.

The company said in a regulatory filing that it posted 10.44 trillion won in operating profit for …