General

Weak domestic demand constrains S. Korean economic recovery: KDI

The South Korean economy is on a recovery track on strong exports, but sagging domestic demand has limited the overall economic improvement, a state-run think tank said Wednesday.

“The Korean economy has sustained strong export growth, primarily fue…

(EDITORIAL from Korea Times on Aug. 7)

South Korea’s stock markets, which had been rattled the previous day by fears of a potential U.S. economic slowdown and geopolitical tensions in the Middle East, rebounded, Tuesday, providing relief to investors and policymakers.

The main KOSPI inde…

GS Holdings Q2 net profit up 16.6 pct to 275.4 bln won

GS Holdings on Wednesday reported its second-quarter net profit of 275.4 billion won (US$199.8 million), up 16.6 percent from a year earlier.

The company said in a regulatory filing that it posted 798.1 billion won in operating profit for the quarte…

Hybe Q2 net income down 85.9 pct to 16.5 bln won

Hybe Co. on Wednesday reported its second-quarter net profit of 16.5 billion won (US$12 million), down 85.9 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period fell 37.4 percent on-yea…

Nation’s 1st bedbug sniffing dog commissioned

A beagle that is trained to detect bedbugs with an accuracy rate of more than 95 percent was commissioned as South Korea’s first bedbug sniffing dog, a pest control company said Wednesday.

Cesco Co. said it held a ceremony to commission the beagle, …