October 25, 2023

Samsung C&T Q3 net profit up 17.5 pct to 701.2 bln won

SEOUL, – Samsung C&T Corp. on Wednesday reported its third-quarter net income of 701.2 billion won (US$519.5 million), up 17.5 percent from a year earlier.The company said in a regulatory filing that it posted 830.4 billion won in operating pr…

Seoul shares dip amid grim outlook for EV sector

SEOUL, – South Korean stocks closed sharply lower Wednesday as battery shares plummeted amid forecasts that global demand for electric vehicles (EVs) will slow down next year due to economic uncertainties. The local currency lost ground against the U….

(2nd LD) LG Display remains in red for 6th straight quarters

SEOUL, – LG Display Co. reported sixth consecutive quarterly losses Wednesday on sluggish demand stemming from a global economic slowdown, but the deficit decreased from the previous year and quarter.South Korea’s major panel maker said in a regulator…