February 7, 2024

NCSOFT 2023 net income down 50.9 pct to 213.9 bln won

SEOUL, NCSOFT Corp. on Wednesday reported its 2023 net income of 213.9 billion won (US$161.1 million), down 50.9 percent from a year earlier.

Operating profit for the year was 137.3 billion won, down 75.4 percent from the previous year, the company …

S. Korea, Qatar sign MOU to boost defense cooperation

SEOUL, South Korea and Qatar have signed an initial agreement to strengthen bilateral defense cooperation during talks between their defense chiefs, officials said Wednesday, amid Seoul’s push to boost arms exports to the Middle East.

Defense Minist…

DL Holdings swings to loss in 2023

SEOUL, DL Holdings Co. on Wednesday reported its 2023 net loss of 126.9 billion won (US$95.6 million), swinging from a profit of 101.8 billion won a year earlier.

The company said in a regulatory filing that operating profit for the year fell 47.2 p…

Lotte Chemical remains in red in Q4

SEOUL, Lotte Chemical Corp. on Wednesday reported its fourth-quarter net loss of 415.8 billion won (US$313.1 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss…