Day: February 7, 2024

KCC Q4 net income down 78.3 pct to 17.3 bln won

SEOUL, KCC Corp. on Wednesday reported its fourth-quarter net profit of 17.3 billion won (US$13 million), down 78.3 percent from a year earlier.

Operating profit for the October-December period was 55.3 billion won, down 4 percent from a year

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Lotte Chemical shifts to red in 2023

SEOUL, Lotte Chemical Corp. on Wednesday reported its 2023 net loss of 301 billion won (US$226.7 million), turning from a profit of 27.8 billion won a year earlier.

The company said in a regulatory filing that it continued to

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S. Korea to reduce rice paddies to control supply

SEOUL, South Korea’s agricultural ministry said Wednesday it plans to reduce the size of local rice paddies by 26,000 hectares this year to keep an optimal supply of rice while maintaining prices.

The decision was based on the government’s

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