Finance minister to attend ADB meeting

Submitted by YONHAP on

SEOUL, April 30 (Yonhap) -- South Korea's Finance Minister Yoon Jeung-hyun will leave for Indonesia on Friday to participate in the 42nd Annual Meeting of the Asian Development Bank (ADB), official

S. Korea beefing up overhaul drive for large firms

Submitted by YONHAP on

SEOUL, April 30 (Yonhap) -- Liquidity-squeezed large business groups are expected to sign agreements with creditor banks calling for enhancing their financial health next month as part of a bank-le

Daum swings to loss in Q1 on lower revenue

Submitted by YONHAP on

SEOUL, April 30 (Yonhap) -- Daum Communications Corp., South Korea's second-largest Internet portal operator, said Thursday that it swung to a loss in the first quarter on lower revenue.

S. Korean banks' Q1 net plunges 75 pct

Submitted by YONHAP on

SEOUL, April 30 (Yonhap) -- South Korean banks' total earnings tumbled 74.9 percent in the first quarter from a year earlier on squeezed interest margins and higher loan-loss reserves, the financia

X