SEOUL, South Korean banks’ annual mortgage rates fell to the lowest level in 17 months in December in line with a decline in five-year bank bonds’ interest rates, the central bank said Wednesday.
Bank mortgages averaged at 4.16 percent
SEOUL, A local consortium was selected as the new operator of the 28 gigahertz (GHz) band of the fifth-generation network (5G) in South Korea on Wednesday, the science ministry said, becoming the country’s fourth mobile carrier.
Stage X, a
SEOUL, LG HandH Co. on Wednesday reported its 2023 net profit of 163.5 billion won (US$122.5 million), down 36.7 percent from a year earlier.
The company said in a regulatory filing that it posted 487 billion won in operating
SEOUL, A labor union comprising workers of four Samsung Group affiliates will officially set sail next month, industry sources said Wednesday.
The unionized workers held their first intercompany labor union meeting earlier in the day to make an inte…
SEOUL, South Korea has started the construction of its third and last 3,600-ton-class naval submarine, the state arms procurement agency said Wednesday, amid efforts to bolster defense capabilities against North Korean threats.
Last month, the Defen…
SEOUL, North Korea said Wednesday it conducted a drill to launch the Hwasal-2 strategic cruise missile the previous day to check its rapid counterattack posture and improve its strategic striking capability.
The launch in the Yellow Sea had “no
SEOUL, Samsung Electronics Co. on Wednesday reported its 2023 net profit of 15.48 trillion won (US$11.6 billion), down 72.2 percent from a year earlier.
Operating profit for the year was 6.56 trillion won, down 84.9 percent from the previous
SEOUL, Samsung CandT Corp. on Wednesday reported its 2023 net profit of 2.71 trillion won (US$2 billion), up 6.8 percent from a year earlier.
The company said in a regulatory filing that it posted 2.87 trillion won in operating
SEOUL, A labor union comprising workers of four Samsung Group affiliates will officially set sail next month, industry sources said Wednesday.
The unionized workers held their first intercompany labor union meeting earlier in the day to make an inte…
SEOUL, Hana Financial Group Inc. on Wednesday reported its fourth-quarter net profit of 489.6 billion won (US$366.6 million), down 33.2 percent from a year earlier.
Operating income for the October-December period was 692.2 billion won, down 29.8 pe…