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S-Oil Q1 net drops 82.6 pct

By Nam Kwang-sik SEOUL, April 24 (Yonhap) -- S-Oil Corp., South Korea's third-largest refiner, said Thursday its net profit tumbled 82.6 percent in the first quarter from a year ago. Net income came to 25.59 billion won (US$24.7 million) in the January-March period from 147.45 billion won a year earlier, S-Oil said in a regulatory filing. Sales fell 5.1 percent to 7.60 trillion won in the period, and operating profit nosedived 85.5 percent to 47.24 billion won. The figures included earnings from S-Oil and its subsidiaries.

Korean prosecutors raid ferry firm founder's home

SEOUL (Reuters) - South Korean prosecutors investigating the fatal sinking of the Sewol ferry on Wednesday raided the home of Yoo Byung-un, the head of a family that owns the Chonghaejin Marine Co. Ltd, the company that operated the vessel. Yonhap news agency reported that Yoo's home and a church in which he is believed to have an interest were raided. The prosecutors' office declined to comment and Reuters correspondents at the church in Seoul said it had been locked.

Pantech, LG Uplus suspend talks on price cut

SEOUL, April 23 (Yonhap) -- Pantech Co., South Korea's smallest smartphone manufacturer, said Wednesday it is giving up on talks with a local carrier on slashing the factory price of its smartphones, less than a week after the carrier unilaterally announced it was lowering the price tag. "We have given up on a deal for lowering the price (of the Vega Secret Up), as there has been no progress with LG Uplus on the matter," a Pantech official said.

Conservative critic under fire for remarks on ferry disaster

SEOUL, April 23 (Yonhap) -- A conservative critic came under fire Wednesday for his comments about a deadly ferry sinking that has left the whole nation grief-stricken for more than a week. The death toll from the ferry sinking reached 139 people as of Wednesday morning, with 163 people still missing. Of the 476 people aboard the ship, most of whom were high school students on a field trip, only 174 survived the disaster, and no one has been found alive since the day of the sinking.

Prosecution raided sunken ferry operator, affiliates

SEOUL/INCHEON, South Korea, April 23 (Yonhap) -- Prosecutors raided offices of the ill-fated ferry Sewol's operator and its affiliates, as well as the residence of the firm's owner Wednesday as part of their probe into what caused the country's worst maritime disaster in 20 years.

Death toll from sunken ship rises to 139

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Conservative critic under fire for improper remarks over ferry disaster

SEOUL, April 23 (Yonhap) -- A conservative critic came under fire Wednesday for making improper comments about last week's deadly ferry sinking that has left the whole nation grief-stricken for more than a week. The death toll from the ferry sinking reached 139 people as of Wednesday morning, with 163 people still missing. Of the 476 people aboard the ship, most of whom were high school students on a field trip, only 174 survived the disaster, and no one has been found alive since the day of the sinking.

Conservative critic under fire for improper remarks over ferry disaster

SEOUL, April 23 (Yonhap) -- A conservative critic came under fire Wednesday for making improper comments about a deadly ferry sinking that has left the whole nation grief-stricken for more than a week. The death toll from the ferry sinking reached 139 people as of Wednesday morning, with 163 people still missing. Of the 476 people aboard the ship, most of whom were high school students on a field trip, only 174 survived the disaster, and no one has been found alive since the day of the sinking.

Conservative critic under fire for improper remarks over ferry disaster

SEOUL, April 23 (Yonhap) -- A conservative critic came under fire Wednesday for making improper comments about a deadly ferry sinking that has left the whole nation grief-stricken for more than a week. The death toll from the ferry sinking reached 139 people as of Wednesday morning, with 163 people still missing. Of the 476 people aboard the ship, most of whom were high school students on a field trip, only 174 survived the disaster, and no one has been found alive since the day of the sinking.

Death toll from sunken ship rises to 150

<All rights reserved by Yonhap News Agency>
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