KTandG shifts to profits in Q4

SEOUL, KTandG Corp. on Wednesday reported its fourth-quarter net profit of 117.1 billion won (US$88.2 million), swinging from a loss of 60 billion won a year earlier.

Operating income for the October-December period was 198.6 billion won, down 1.4 percent from a year ago, the company said in a regulatory filing. Revenue rose 3.2 percent to 1.45 trillion won.

The operating profit was 6.3 percent higher than the average estimate, according to a survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The estimate of net profit was not available.

Source: Yonhap News Agency

KCC Q4 net income down 78.3 pct to 17.3 bln won

SEOUL, KCC Corp. on Wednesday reported its fourth-quarter net profit of 17.3 billion won (US$13 million), down 78.3 percent from a year earlier.

Operating profit for the October-December period was 55.3 billion won, down 4 percent from a year ago, the company said in a regulatory filing. Sales fell 3.6 percent to 1.58 trillion won.

Source: Yonhap News Agency

(Yonhap Interview) Russia’s top envoy stresses managing relations stably with S. Korea amid soured ties

SEOUL, Russia does not want bilateral relations with South Korea to “hit rock bottom” and sees it essential to keep the status quo to prevent further escalation, its top envoy to Seoul has said, as the two countries remain at odds over the war in Ukraine, North Korea and other issues.

Ambassador Georgy Zinoviev made the remarks as bilateral relations between the two countries have become strained since Russia’s war in Ukraine and more recently with the growing military cooperation between Pyongyang and Moscow.

Russia has designated South Korea as one of its “unfriendly nations” for joining U.S.-led economic sanctions in response to Russia’s invasion of Ukraine.

For Seoul, Russia’s expanding military ties with the North have stoked fresh security concerns. South Korea, the United States and other countries suspect the North is providing Russia with weapons for use in the war in Ukraine, in return for Moscow’s help in weapons technologies, a claim denied by Russia.

“Our bilateral relations are not as good
as we hope them to be, but at the same time, have not hit rock bottom either,” Zinoviev said in an interview with Yonhap News Agency on Tuesday.

“Our top priority is to maintain and stabilize the bilateral relations that we have, prevent the ties from exacerbating to a confrontational level and refrain from taking actions that can cause further deterioration,” he said through an interpreter.

“By doing so, I believe that we can create the conditions to bring the relationship back to a constructive and normal trajectory.”

Zinoviev, the first new Russian ambassador to Seoul in more than five years, took up his post in early January.

His remarks came only days after Seoul and Moscow exchanged harsh words over Russia’s criticism of President Yoon Suk Yeol’s comments about North Korea’s pursuit of nuclear weapons development and its arms trade with Russia.

Maria Zakharova, Russia’s foreign ministry spokeswoman, lashed out at Yoon’s remarks as “blatantly biased” and “odious,” blaming the U.S. and its allies for
the rising tensions on the Korean Peninsula.

Seoul hit back at Moscow in a rare and strong-worded statement, saying that her “rude” remarks amount to an “abhorrent sophistry” that disregards reality. The foreign ministry in Seoul summoned Zinoviev to lodge a protest.

Zakharova’s commentary dismayed Seoul as it was made public late last week when Russian Deputy Foreign Minister Andrey Rudenko was visiting South Korea for talks with Seoul officials.

Without adding comments, the ambassador took note of the fact that the dialogue is still taking place between the two sides despite the circumstances.

“I think it’s better to communicate even if it is difficult than to have no communication at all,” Zinoviev said.

The tensions between South Korea and Russia surfaced late last month when Moscow warned of a “complete breakdown” of relations with Seoul in reference to Defense Minister Shin Won-sik’s remarks about “personally supporting” the idea of full support to Ukraine, including military aid.

Russia regards s
uch weapons provisions to Kyiv as a “red line” that Seoul must not cross.

Zinoviev emphasized that South Korea’s stance of only providing Ukraine with humanitarian assistance has been instrumental in maintaining ties.

“This stance of South Korea is very important,” he said. “Because Korea is sticking to this position, we are able to maintain bilateral relations at this level,” he said.

Regarding the unfriendly nations’ list, Zinoviev called for Seoul to remove the sanctions against Russia in order for it to strike South Korea off the list.

In December, South Korea tightened its export controls on Moscow for dual-use items that can be diverted for military purposes.

“These kinds of decisions do not help maintain the level of our substantive bilateral cooperation,” he said. “The minimum requirement for relieving South Korea of the unfriendly nation status is (for Seoul) to revoke its sanctions against Russia.”

On Russia’s deepening relations with North Korea, the ambassador repeated his country’s position
denying any military cooperation.

“The accusations about Russia-North Korea military cooperation are groundless and unverified. We have the right to develop our friendly relationship with North Korea,” he added.

In spite of the difficulties, Zinoviev said he will make efforts during his term to help make positive progress with South Korea, a country with which Russia shares “a long and rich history.”

“This is a relationship that did not begin 33 years ago when the two countries established diplomatic relations, but has been maintained for much longer,” he said, referring to the first bilateral commerce treaty that dates back to 1884.

“I hope that in the future, there will be many traces of happy events rather than sad events in the history of our bilateral relations,” Zinoviev said. “Russia is ready to take that path, but we also need the same mindset from Korean officials.”

Source: Yonhap News Agency

Walk through the Chomphu Canal forest, see nature, Thung Salaeng Luang National Park.

Phitsanulok, Walk through the Chomphu Canal forest. Thung Salaeng Luang National Park, Phitsanulok Province, admire the beauty of the Silawaree flowers at Wang Puen and Kaeng Khanna in One Day Trip. Live a slow life, sleep in a tent for 1 night, listen to the sound of the flowing stream.

At Ban Chomphu, Chomphu Subdistrict, Noen Maprang District, Phitsanulok Province, there are more than 10 villagers from Ban Chomphu, Chomphu Subdistrict, Noen Maprang District, community guides, led by Mr. Bunsueb Phueak-on, 58 years old, group name: ‘Traveling Khlong Chomphu. ‘Take tourists to see nature at Khlong Chomphu. Thung Salaeng Luang National Park, a distance of 8-10 kilometers, especially tourists who admire the adventurous type, hiking and setting up a tent to stay overnight. In the middle of Khlong Chomphu Especially during the winter season, it is as beautiful as the rainy and dry seasons. This is because the amount of water in the Chomphu Canal has decreased. Makes it possible to see small and large rocks. In
some parts, there are stone slabs in various shapes. In some parts there are holes in the rocks. Similar to Sam Phan Bok In some parts there are beautiful natural pools of water. There are natural educational resources. By the Nam Khem Canal area In the dry season, there is salt clinging to the rocks in the canal. Ancient tile hill, Ban Hin Puen, Kaeng Khanna, Kaeng Krasao, etc.

Mr. Bunsueb Phueak-on, head of the community guide group Khlong Chomphu Tourism said that originally their group was rice farmers, when they weren’t farming, they would look for forest products and be hunters. And in 2020, villagers who were interested in community tourism Quit the hunter’s career Turned to open tourism to see nature at Khlong Chomphu Because in addition to generating income for villagers, It is also a way to conserve nature along the Khlong Chomphu River.

Tourists can come visit and set up tents to stay overnight at the market all year round. Whether it’s the rainy season, winter and the dry season, especially the
dry season. Tourists also come to see the Kluea Canal. that has outstanding characteristics With a story Enjoy listening while hiking.

Some travel trips are 2 nights and 3 days. Some trips are 1 night and 2 days, depending on the tourist. But during this time, Silaree flowers or tiny water flowers Flowers are blooming on the rocks, beautiful and visible until the beginning of February, or you can come and see them on a One Day Trip as well because the distance is not very far. Some people want to experience a slow life, sleep in a tent for one night, listen to the sound of a flowing stream. Taste local food can do

If tourists want to come see and experience the natural atmosphere. You can see Silawaree flowers at Khlong Chomphu. You can contact them at telephone number 085-7374528. But trips that take tourists to visit Khlong Chomphu Will make a request for permission from officials from the Thung Salaeng Luang National Park Protection Unit No. 5 (SL.5) every time. As for safety. The villagers will take goo
d care of you.

Source: Thai News Agency

BACC holds a meeting to expand the results of the case to claim benefits from the Director-General of the Rice Department.

Bangkok, The Central Investigation Police convened a large working group in the case of receiving benefits from the Director-General of the Rice Department. Plan work and prepare to expand results. Ready to take information from conversations with Thanakrit into discussion before issuing arrest warrants for additional people involved.

Pol. Maj. Gen. Charoonkiat Pankaew, Deputy Commander of the Central Investigation Police, along with Pol. Maj. Gen. Suwat Sangnum, Deputy Commander of the Central Investigation Police. Meeting of the large working group In the case of claiming benefits from the Director-General of the Rice Department, there were several police officers. Both the investigation department of the Narcotics Control Board, investigators Suppression Division Including the investigating officers of the Natural Resources and Environmental Crime Suppression Division in order to plan the work and prepare to further expand the amount of damages in the said case. It will bring information from talking wit
h Mr. Thanakrit. Chit Areerak Assistant Minister attached to the Deputy Prime Minister (Somsak Thepsuthin) this morning. Please join in the discussion. After information was revealed on social media that in July 2022, when Mr. Thanakrit Serving as secretary to the Minister of Justice, Mr. Jeng Dokjik went in to talk and complain in hopes of slapping Mr. Thanakrit’s assets. and Mr. Somsak Thepsuthin, who may be involved in the same offense as the case of the Director-General of the Rice Department. There will also be discussion about issuing additional arrest warrants for the people involved.

Source: Thai News Agency

Settha welcomes Hun Manat, Prime Minister of Cambodia

Mr. Settha Thavisin, Prime Minister and Minister of Finance Government House opens to welcome His Royal Highness Samdech Moha Borvor Thipadei Hun Manet, Prime Minister of the Kingdom of Cambodia and Lok Chumteav Dr. Pich Chanmony Hun Manet, wife of the Prime Minister of the Kingdom of Cambodia On the occasion of his official visit to Thailand As a government guest (Official Visit) at the invitation of the Prime Minister

This time, Prime Minister Hun Manet’s official visit to Thailand marks the first time. After assuming the position of Prime Minister of Cambodia in August 2023, the two leaders have actually met face to face in many international forums. Including the visit of the Thai Prime Minister to Cambodia. At the end of September 2023

Source: Thai News Agency

Coffins Placed at Concert to Prevent Brawl

KAMPHAENG PHET, Coffins were placed in front of a concert stage at an annual temple fair following consecutive nights of intense youth clashes resulting in multiple injuries.

The tactic initiated by the deputy abbot of Wat Karuehabodisong is proved to be effective as there was no such incident on the last day of the event.

The temple fair was held to allow devout disciples to pay respect the preserved body of the former abbot, Luangpu Wibunwachiratham, which has defied decomposition for more than 47 years.

The deceased monk has been highly revered and his amulets are believed to offer protection for wearers.

The temple fair held for six days from Jan 31 to February 5 featured cultural performances and live music from various groups for attendees to enjoy for free. However, recent nights saw conflicts and disputes, leaving many people injured.

The deputy about came up with the idea to stop a violent brawl by giving teenagers a symbolic warning. Two coffins were placed in front of the stage, bearing the m
essage ‘The resting place for a brawler, who died today,’ aiming to instill fear and deterrence among those who witness the banners.

This measure is implemented for the first time this year, with hopes of positive outcomes. The intention is to ensure everyone enjoys the event peacefully without any disturbances.

Following the conclusion of the event, it was evident that there were no disputes among the youth, indicating that the coffins could have a significant impact.

Source: Thai News Agency

Netmarble remains in red in 2023

SEOUL, Netmarble Corp. on Wednesday reported its 2023 net loss of 313.3 billion won (US$236 million), remaining in the red compared with the previous year.

The company said in a regulatory filing that it continued to post an operating loss of 69.6 billion won for the year, compared with a loss of 108.7 billion won a year earlier. Revenue fell 6.4 percent to 2.5 trillion won.

Source: Yonhap News Agency

OCI Holdings 2023 net income down 20.3 pct to 699.2 bln won

SEOUL, Oci Holdings Co. on Wednesday reported its 2023 net profit of 699.2 billion won (US$526.7 million), down 20.3 percent from a year earlier.

The company said in a regulatory filing that operating income for the year fell 29.6 percent on-year to 530.9 billion won. Annual sales decreased 4.3 percent to 2.64 trillion won.

Source: Yonhap News Agency

Divergence widens between domestic demand, exports in S. Korea: KDI

SEOUL, South Korea has experienced a continued slowdown in private consumption and investment due to high interest rates, though rising exports mitigated an economic downturn, a state-run think tank said Wednesday.

“High interest rates persistently weaken the overall economy, causing ongoing weaknesses in private consumption and investment, yet export recovery, driven by the rebound in semiconductors, is alleviating the economic slowdown,” the Korea Development Institute (KDI) said in a monthly economic assessment report.

The institute pointed to weak domestic demand for three months in a row.

Exports, a key growth engine, jumped 18 percent on-year in January, accelerating from a 5 percent on-year expansion a month earlier.

The growth was led by strong demand for semiconductors, which logged a 56.2 percent surge in exports last month. Overseas shipments of cars also advanced 24.8 percent on-year in January.

But retail sales, a gauge of private spending, fell 2.2 percent on-year in December, with sales o
f passenger cars tumbling 9.7 percent and food items falling 5.2 percent.

Construction investment is also showing signs of a slowdown, primarily in the sector of residential building construction.

“Divergence between domestic and export performance is also reflected in the production sector, as services and construction decelerate, whereas manufacturing recovers,” the report read.

The KDI said weak domestic demand led to the slowdown in inflation.

In January, consumer prices rose 2.8 percent on-year, marking the first time that the figure fell below 3 percent in six months.

“There exists a risk that rising oil prices under the influence of geopolitical factors will likely exert upward pressure on inflation in the future,” the KDI said.

Source: Yonhap News Agency