August 6, 2024

Kakao Pay turns to black in Q2

Kakao Pay Corp. on Tuesday reported its second-quarter net profit of 626 million won (US$455,372), swinging from a loss of 6.2 billion won a year earlier.

The company said in a regulatory filing that it continued to post an operating loss of 7.3 bil…

(LEAD) Seoul shares sharply rebound from worst rout

South Korean stocks rose more than 3 percent Tuesday, rebounding from the previous day’s worst market sell-off, sparked by fears over a U.S. recession and the sluggish performance of big tech firms. The local currency slightly fell against the U.S. g…