October 19, 2023

STX to raise 79.9 bln won via stock offering

SEOUL, STX Corp. on Thursday announced it will sell stock to raise 79.9 billion won (US$58.9 million). The proceeds from the stock sale will be used mainly to pay off its debts.According to a regulatory filing, the company will issue 7.36 million comm…

(LEAD) Seoul shares end nearly 2 pct lower amid Middle East woes

SEOUL, South Korean stocks tumbled nearly 2 percent lower Thursday as escalating concerns over the Israel-Hamas conflict stoked risk aversion. The local currency lost ground against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSP…