General

(EDITORIAL from Korea JoongAng Daily on Aug. 6)

A step closer to the privatization of the DP

The Democratic Party (DP) plans to insert the “basic society” so ardently championed by its former leader Lee Jae-myung into its party platform. A political party’s platform is an apparatus to proclaim th…

SK Telecom Q2 net income up 0.7 pct to 350.2 bln won

SK Telecom Co. on Tuesday reported its second-quarter net income of 350.2 billion won (US$255.4 million), up 0.7 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period rose 16 percent on-…

Seoul to launch ferry shuttle service on Han River in March

A ferry shuttle service will begin operation in March, linking major points along the Han River during busy rush hours, Seoul city officials said Tuesday.

The city government had initially planned to begin the service in October but postponed the la…

SK Chemicals swings to profits in Q2

SK Chemicals Co. on Tuesday reported its second-quarter net income of 5.1 billion won (US$3.7 million), swinging from a loss of 15.5 billion won a year earlier.

Operating income for the April-June period was 8.9 billion, compared with a loss of 13.8…