South Korean stocks traded 0.83 percent lower late Thursday morning, halting a two-day rebound after a global stock rout, as lingering U.S. recession woes weighed heavily on the market.
The benchmark Korea Composite Stock Price Index (KOSPI) lost 21…
South Korea and the United States have agreed to tighten their cooperation to excavate and repatriate the remains of Korean victims of Japan’s wartime forced mobilization when Korea was under Japan’s colonial rule, the interior ministry said Thursday…
Prosecutors have indicted Kim Beom-su, the founder of tech giant Kakao Corp., on stock manipulation charges related to the firm’s takeover of K-pop powerhouse SM Entertainment last year, officials said Thursday.
The Seoul Southern District Court ind…
Lotte Chemical Corp. on Thursday reported its second-quarter net loss of 107.1 billion won (US$77.8 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 of 111.2…
Korea Electric Power Corp. on Thursday reported its second-quarter net income of 114.4 billion won (US$83.1 million), swinging from a loss of 1.9 trillion won a year earlier.
Operating profit for the April-June period was 1.25 trillion, compared wit…
South Korea’s social media giant Kakao Corp. said Thursday its second-quarter net income jumped 59.1 percent from a year earlier, led by higher sales of its platform business.
Net profit for the April-June period reached 87.1 billion won (US$63.4 mi…
