Search results for Seomyeon
Games & Commerce
Musinsa posts Q1 operating profit of 19.0 billion won, up 8.2 percent on year
Musinsa said on Tuesday it posted first-quarter consolidated revenue of 363.6 billion won and operating profit of 19.0 billion won, with revenue up 24.1 percent and profit up 8.2 percent from a year earlier, its best-ever first-quarter result. On a standalone basis, it reported revenue of 335.0 billion won and operating profit of 27.5 billion won. It recorded a standalone net loss due to interest expenses from accounting for RCPS as liabilities.
Industry
Olive Young to expand outside Seoul, spending 123.8 billion won on store overhaul
CJ Olive Young will increase investment outside the Seoul metropolitan area this year, spending 123.8 billion won on new openings, renovations and logistics upgrades, industry sources said. The company is focusing less on adding locations and more on boosting competitiveness and operating efficiency at existing stores, citing rising needs for in-store infrastructure upgrades such as electronic labels. It plans to place more than half of its large stores outside the capital region.
People & Corporate
Welcome Savings Bank Seomyeon branch prevents 16 million won voice phishing loss
Welcome Savings Bank said on Feb. 13 that an employee at its Seomyeon branch received a letter of appreciation from Busanjin Police Station for pre-emptively blocking voice phishing damage. The recognition followed a Jan. 16 case in which a customer was nearly deceived into losing 16 million won. The employee reported the case, suspended payments and registered anti-fraud services, and prevented additional losses.
