SEOUL, Lotte Himart Co., the electronic product sales unit of South Korea’s retail giant Lotte Group, said Wednesday its net losses sharply narrowed in 2023 from a year earlier on robust demand for high-end products.
Net losses came to 27.2 billion …
SEOUL, South Korean stocks closed lower Wednesday ahead of the release of earnings reports by major firms. The Korean won fell against the U.S. dollar.
The benchmark Korea Composite Stock Price Index fell 8.92 points, or 0.36 percent, to 2,469.69.
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SEOUL, President Yoon Suk Yeol met with World Bank President Ajay Banga on Wednesday and discussed issues related to mental health, development aid and digital technology, Yoon’s office said.
Banga was in Seoul as part of a series of visits to World…
SEOUL, Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Wednesday its net profit fell 21.4 percent on-year in the fourth quarter of last year due largely to a one-off factor.
Its net income came to 290.7 billion won (US$21…
SEOUL, An association of civic groups on Wednesday welcomed the South Korean government’s recommendation at a United Nations review session urging China to protect the human rights of North Korean defectors in the country.
On Tuesday, Yun Seong-deok…
SEOUL, South Korea’s defense chief said Wednesday that North Korea will face the end of its regime if it wages war, hours after the North fired several rounds of cruise missiles into the Yellow Sea in its latest series of weapons tests.
Defense Mini…
