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Shinsegae Q3 net income soars 146.4% to $88.5 mil.

Shinsegae Inc., the operator of Korea's major department store chain, on Tuesday reported its third-quarter net profit of 119 billion won ($88.5 million), a 146.4 percent jump from a year earlier. The retailer said in a regulatory filing that operating profit for the July-September period increased 64.7 percent on-year to 164.3 billion won. Revenue also inched up 1.2 percent to 1.65 trillion won.…

Shinsegae Q3 net income soars 146.4% to $88.5 mil.

We haven't written up this one. The Korea Times has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at koreatimes.co.kr →

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California’s proposed ‘billionaire tax’ fails to pass

California voters rejected Proposition 40, the one-time 5% tax on billionaires, the AP reported Monday. Tech leaders outspent backers roughly 10 to 1 to defeat it, and the founders and economists…

  • Proposition 40, a billionaire tax, fails to pass in California election
  • Measure aimed to tax net worth over $1 billion at 5%
  • Opponents worried about wealthy leaving state and venture capital impact

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