Day: February 7, 2024

S. Korea to reduce rice paddies to control supply

SEOUL, South Korea’s agricultural ministry said Wednesday it plans to reduce the size of local rice paddies by 26,000 hectares this year to keep an optimal supply of rice while maintaining prices.

The decision was based on the government’s assessmen…

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KTandG 2023 net income down 7.8 pct to 926.6 bln won

SEOUL, KTandG Corp. on Wednesday reported its 2023 net income of 926.6 billion won (US$697.8 million), down 7.8 percent from a year earlier.

The company said in a regulatory filing that operating income for the year fell 7.9 percent on-year to 1.16 …

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S. Korea, Qatar sign MOU to boost defense cooperation

SEOUL, South Korea and Qatar have signed an initial agreement to strengthen bilateral defense cooperation during talks between their defense chiefs, officials said Wednesday, amid Seoul’s push to boost arms exports to the Middle East.

Defense Minist…

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LG Uplus 2023 net profit down 4.9 pct to 630.2 bln won

SEOUL, LG Uplus Corp. on Wednesday reported its 2023 net profit of 630.2 billion won (US$476.3 million), down 4.9 percent from a year earlier.

Operating income for the year was 998 billion won, down 7.7 percent on-year, the company said in a regulat…

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