Korean Air Co., South Korea’s leading carrier, said Wednesday its second-quarter net profit fell 6 percent on-year due to an increase in fuel and labor costs.
Net profit for the three months ending in June reached 349 billion won (US$251.2 million),…
The Navy is set to receive its first batch of MH-60R Seahawk maritime helicopters in December, officials said Wednesday, a move that could boost its anti-submarine capabilities against North Korean threats.
In 2020, the state arms procurement agency…
North Korean leader Kim Jong-un has attended a ceremony to dispatch young workers to flood-affected areas on the northern border, describing the restoration efforts as a “gigantic revolutionary construction campaign,” state media said Wednesday.
The…
HD Korea Shipbuilding and Offshore Engineering Co. (HD KSOE) said Wednesday it has received a 219.5 billion-won (US$159 million) order to build two liquefied petroleum gas (LPG) carriers for a shipper in the Middle East.
The two LPG ships will be …
The government will push to shorten the period of payment settlement for e-commerce platforms to their vendors and require that companies separately manage funds needed for payments in an effort to prevent a recurrence of the crisis involving Qoo10-o…
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…
