July 25, 2024

LG Energy Solution turns to loss in Q2

LG Energy Solution Ltd. on Thursday reported its second-quarter net loss of 23.7 billion won (US$17.1 million), swinging from a profit of 465.1 billion won a year earlier.

The company said in a regulatory filing that it posted 195.3 billion won in op…

Taihan Cable wins 190 bln-won power grid deal in U.S.

Taihan Cable and Solution Co., South Korea’s second-biggest cable company, said Thursday it has received 190 billion won (US$137 million) worth of power grid orders in the United States.

With the latest orders, Taihan Cable has obtained more than 5…

Seoul shares open sharply lower on Wall Street losses

Seoul shares opened sharply lower Thursday, tracking overnight losses on Wall Street.

The benchmark Korea Composite Stock Price Index lost 35.99 points, or 1.30 percent, to 2,722.72 in the first 15 minutes of trading.

The Dow Jones Industrial Averag…