Watchdog detects 3 foreign lenders' irregularities

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SEOUL, May 31 (Yonhap) -- South Korea's financial watchdog said Tuesday that it has uncovered irregularities, such as illegal commissioning of derivatives trading, by three foreign banks' local bra

S. Korean firms gloomy on H2 economic outlook: poll

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SEOUL, May 31 (Yonhap) -- More than half of South Korean firms expect the economy to get worse in the second half of the year due to a continued rise in raw material prices, a poll said Tuesday.

Hyundai Engineering wins US$233 mln in orders

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SEOUL, May 31 (Yonhap) -- Hyundai Engineering & Construction Co., South Korea's top builder, said Tuesday that it has obtained a combined US$233 million worth of orders from Singapore and Iraq.

Citibank Q1 net falls 4.3 pct

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SEOUL, May 31 (Yonhap) -- Citibank Korea Inc., the South Korean unit of U.S.-based Citigroup, said Tuesday its first-quarter earnings declined 4.3 percent from a year earlier due to weaker non-inte

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