South Korean retail giant Lotte Group has signed a deal to sell its China theme park project to a local company in the Chinese northeastern city of Shenyang, a group official said Thursday.

The group

HD Hyundai Mipo Co. on Thursday reported its first-quarter net profit of 2.1 billion won (US$1.5 million), shifting from a loss of 4.4 billion won a year earlier.

The company said in a regulatory filing

South Korean stocks plummeted more than 1.7 percent Thursday as investors sought profits following the previous session’s sharp rise amid mixed overnight results on Wall Street. The Korean won fell against the U.S. dollar.

The

HD Korea Shipbuilding and Offshore Engineering Co. on Thursday reported its first-quarter net profit of 193.3 billion won (US$140.4 million), turning from a loss of 151.8 billion won a year earlier.

Operating profit for the

KB Financial Group Inc. on Thursday reported its first-quarter net income plunged nearly 30 percent due to increased costs for the compensation of a mishap in sales of equity-linked securities.

Net profit reached 1.06 trillion