ID :
73050
Fri, 07/31/2009 - 10:26
Auther :
Shortlink :
https://oananews.org//node/73050
The shortlink copeid
Yonhap News Summary
Yonhap News Summary
The following is the second summary of major stories moved by Yonhap News Agency
on Thursday.
-----------------
(LEAD) KB Financial Q2 net falls 54 pct on lower margins
SEOUL -- KB Financial Group Inc., the parent of South Korea's top lender Kookmin
Bank, said Thursday its second-quarter earnings sank 54 percent from three months
earlier on slumping interest margins.
Net profit stood at 109.9 billion won (US$88.9 million) in the April-June period,
compared with 238.3 billion won three months earlier, KB Financial said in a
regulatory filing. The bottom line was below a market consensus of 170 billion
won.
-----------------
(LEAD) Daewoo Shipbuilding reports 79.5 pct rise in Q2 net
SEOUL -- Daewoo Shipbuilding & Marine Engineering Co., the world's No. 3
shipyard, said Thursday that its second-quarter earnings rose 79.5 percent from a
year earlier thanks to cost-cutting efforts and a stronger won.
Net income came to 206 billion won (US$166.3 million) in the April-June period,
compared with 115 billion won a year ago, Daewoo Shipbuilding & Marine
Engineering said in a regulatory filing.
-----------------
IBK Q2 net falls less-than-expected 24.4 pct
SEOUL -- South Korea's state-invested Industrial Bank of Korea (IBK) said
Thursday its second-quarter earnings declined a smaller-than-expected 24.4
percent from a year earlier on lending growth and an eased fall in its net
interest margin.
Net profit amounted to 213.3 billion won (US$172.1 million) in the April-June
period, compared with 282.2 billion won the previous year, the lender said in a
regulatory filing. But compared with three months earlier, net income jumped
345.3 percent on lending growth and an on-quarter decrease in loan-loss reserves.
-----------------
Trade watchdog to ease regulations, support corporate restructuring: new head
SEOUL -- The head of South Korea's antitrust watchdog said Thursday that he will
step up efforts to ease government red tap in order to create a
competition-driven market environment.
Chung Ho-yul, new head of the Fair Trade Commission, also pledged to provide
support aimed at accelerating corporate restructuring as part of efforts to
overcome the ongoing economic crisis.
-----------------
S. Korea drops bid for chairmanship of int'l human rights body
SEOUL -- South Korea's human rights watchdog said Thursday it has decided to give
up fielding a candidate for the rotating chairman of an international human
rights organization.
Hyun Byung-chul, a former college professor who took over as the head of the
National Human Rights Commission of Korea (NHRCK) on July 16, had been widely
seen as a candidate for the post of chairman of the International Coordination
Committee of National Institutions for the Promotion on Protection of Human
Rights (ICC).
-----------------
Seoul to dedicate new downtown plaza Saturday
SEOUL -- Seoul will open a new downtown plaza this weekend after 15 months of
construction to transform the central sections of the boulevard into a public
space, city officials said Thursday.
Gwanghwamun Plaza will be opened to the public on Saturday with a variety of
festive events and a ceremony marking its successful dedication, the Seoul
Metropolitan Government said. The project, featuring new national monuments and
showcasing the South Korean capital's six-century history, is part of efforts to
renovate Seoul's main streets with historic and cultural charms.
-----------------
(LEAD) Seoul stocks end 0.68 pct higher on large-cap gains
SEOUL -- South Korean shares closed 0.68 percent higher Thursday as Samsung
Electronics and other large caps surged on upbeat outlooks, analysts said. The
local currency gained against U.S. dollar.
Reversing earlier losses, the benchmark Korea Composite Stock Price Index (KOSPI)
added 10.42 points to a new yearly high of 1,534.74. Volume was moderate at 422
million shares worth 5.46 trillion won (US$4.42 billion) with losers outpacing
gainers 423 to 366.
(END)
The following is the second summary of major stories moved by Yonhap News Agency
on Thursday.
-----------------
(LEAD) KB Financial Q2 net falls 54 pct on lower margins
SEOUL -- KB Financial Group Inc., the parent of South Korea's top lender Kookmin
Bank, said Thursday its second-quarter earnings sank 54 percent from three months
earlier on slumping interest margins.
Net profit stood at 109.9 billion won (US$88.9 million) in the April-June period,
compared with 238.3 billion won three months earlier, KB Financial said in a
regulatory filing. The bottom line was below a market consensus of 170 billion
won.
-----------------
(LEAD) Daewoo Shipbuilding reports 79.5 pct rise in Q2 net
SEOUL -- Daewoo Shipbuilding & Marine Engineering Co., the world's No. 3
shipyard, said Thursday that its second-quarter earnings rose 79.5 percent from a
year earlier thanks to cost-cutting efforts and a stronger won.
Net income came to 206 billion won (US$166.3 million) in the April-June period,
compared with 115 billion won a year ago, Daewoo Shipbuilding & Marine
Engineering said in a regulatory filing.
-----------------
IBK Q2 net falls less-than-expected 24.4 pct
SEOUL -- South Korea's state-invested Industrial Bank of Korea (IBK) said
Thursday its second-quarter earnings declined a smaller-than-expected 24.4
percent from a year earlier on lending growth and an eased fall in its net
interest margin.
Net profit amounted to 213.3 billion won (US$172.1 million) in the April-June
period, compared with 282.2 billion won the previous year, the lender said in a
regulatory filing. But compared with three months earlier, net income jumped
345.3 percent on lending growth and an on-quarter decrease in loan-loss reserves.
-----------------
Trade watchdog to ease regulations, support corporate restructuring: new head
SEOUL -- The head of South Korea's antitrust watchdog said Thursday that he will
step up efforts to ease government red tap in order to create a
competition-driven market environment.
Chung Ho-yul, new head of the Fair Trade Commission, also pledged to provide
support aimed at accelerating corporate restructuring as part of efforts to
overcome the ongoing economic crisis.
-----------------
S. Korea drops bid for chairmanship of int'l human rights body
SEOUL -- South Korea's human rights watchdog said Thursday it has decided to give
up fielding a candidate for the rotating chairman of an international human
rights organization.
Hyun Byung-chul, a former college professor who took over as the head of the
National Human Rights Commission of Korea (NHRCK) on July 16, had been widely
seen as a candidate for the post of chairman of the International Coordination
Committee of National Institutions for the Promotion on Protection of Human
Rights (ICC).
-----------------
Seoul to dedicate new downtown plaza Saturday
SEOUL -- Seoul will open a new downtown plaza this weekend after 15 months of
construction to transform the central sections of the boulevard into a public
space, city officials said Thursday.
Gwanghwamun Plaza will be opened to the public on Saturday with a variety of
festive events and a ceremony marking its successful dedication, the Seoul
Metropolitan Government said. The project, featuring new national monuments and
showcasing the South Korean capital's six-century history, is part of efforts to
renovate Seoul's main streets with historic and cultural charms.
-----------------
(LEAD) Seoul stocks end 0.68 pct higher on large-cap gains
SEOUL -- South Korean shares closed 0.68 percent higher Thursday as Samsung
Electronics and other large caps surged on upbeat outlooks, analysts said. The
local currency gained against U.S. dollar.
Reversing earlier losses, the benchmark Korea Composite Stock Price Index (KOSPI)
added 10.42 points to a new yearly high of 1,534.74. Volume was moderate at 422
million shares worth 5.46 trillion won (US$4.42 billion) with losers outpacing
gainers 423 to 366.
(END)
