August 7, 2024

(LEAD) Lotte Shopping shifts to Q2 net loss on China losses

Lotte Shopping Co., an affiliate of retail giant Lotte Group, said Wednesday it shifted to a net loss in the second quarter due to liquidation losses involving its businesses in China.

Lotte Shopping swung to a net loss of 79.68 billion won (US$58 m…

S. Korean Bond Yields on morning of Aug. 7, 2024

Today (%) Previous Session(%) Change (BP)

1-year TB 3.107 3.112 -0.5

2-year TB 3.068 3.050 +1.8

3-year TB 2.960 2.935 +2.5

10-year TB 3.010 2.993 +1.7

2-year MSB 3.010 2.999 +1.1

3-year CB (AA-) 3.418 3.398 +2.0

Source: Yonhap News Agency

Seoul shares rebound for 2nd day on tech gains after global rout

Seoul shares ended higher for a second straight session Wednesday, helped by tech gains, as investors’ sentiment for risky assets improved following a global stock rout. The Korean won fell against the U.S. dollar.

The benchmark Korea Composite Stoc…

NCSOFT sets up joint venture with Vietnamese game company

NCSOFT Corp., a major South Korean game developer, said Wednesday it has established a joint venture with a Vietnamese IT company as part of efforts to break into the Southeast Asian game market.

NCSOFT and Vietnam’s VNG have signed an agreement tha…

(LEAD) Celltrion Q2 net profit drops 48 pct

Celltrion Inc., a South Korean biopharmaceutical company, said Wednesday its second-quarter net profit plunged 48 percent from a year earlier due to costs following a merger with its sales and marketing affiliate last year.

Its net profit came to 78…