General

Doosan Bobcat Q2 net income down 48.7 pct to 157.9 bln won

Doosan Bobcat Inc. on Wednesday reported its second-quarter net income of 157.9 billion won (US$114.1 million), down 48.7 percent from a year earlier.

The company said in a regulatory filing that it posted 239.5 billion won in operating profit for t…

Exports by SMEs up 4.4 pct in 1st half on robust cosmetics demand

Exports by South Korea’s small- and medium-sized enterprises (SMEs) increased 4.4 percent in the first half from a year earlier, driven by the strong performance of the cosmetics sector, data showed Wednesday.

Outbound shipments by 77,078 SMEs came …

Bail denied for SPC chairman under trial for anti-labor charges

A Seoul court on Wednesday denied a bail request by Hur Young-in, the chairman of the bakery giant SPC Group, who is currently standing trial in detention on charges of coercing bakers to quit their labor union.

The 74-year-old bakery mogul was arre…