(LEAD) LG Uplus Q2 net income down 22.8 pct on higher operating costs

LG Uplus Corp., a major South Korean mobile carrier, said Wednesday its second-quarter net profit dropped 22.8 percent from a year earlier due to an increase in operating costs.

Net profit for the April-June period came to 164.6 billion won (US$119….

Hyundai Motor to invest US$28 mln in Thailand to assemble EVs, batteries: Thai BOI

Hyundai Motor Co., South Korea’s leading automotive company, plans to invest US$28 million in Thailand to establish a production facility for electric vehicles (EVs) and batteries, the country’s Board of Investment (BOI) said Wednesday.

In a release…

Today in Korean history

1953 — The South Korea-U.S. mutual defense treaty is initialed in Seoul and later signed in Washington on Oct. 1.

1960 — The second republic, led by former President Yoon Bo-sun, is launched.

1969 — Munhwa Broadcasting Corp. (MBC-TV) starts oper…

Kakao Games swings to loss in Q2

Kakao Games Corp., the gaming unit of South Korean social media giant Kakao Corp., said Wednesday it swung to a net loss in the second quarter.

The company posted a net loss of 11.7 billion won (US$8.5 million) in the April-June period, compared wit…

(2nd LD) Hybe sets new quarterly revenue record with 640.5 bln won in Q2

Hybe, the powerhouse behind the global K-pop sensation BTS, on Wednesday reported revenue of 640.5 billion won (US$465 million) for the second quarter of this year, marking the highest-ever quarterly sales in the company’s history.

The figure surpas…

BLACKPINK’s Lisa to drop new single next week

Lisa of K-pop girl group BLACKPINK will release her new single, “New Woman,” next week, the song’s distributor, Sony Music Entertainment Korea, said Wednesday.

The rapper also shared the news of her new release on the homepage of her own label, Llou…

Ex-Supreme Court judge, MoneyToday chairman indicted over development scandal

Prosecutors indicted former Supreme Court Justice Kwon Soon-il and MoneyToday Media Group Chairman Hong Seon-geun without physical detention Wednesday in connection with a high-profile property development scandal.

Kwon and Hong are among a group of…