August 8, 2024

Seoul shares open lower on lingering U.S. recession woes

South Korean stocks started lower Thursday amid lingering fears about a U.S. recession.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 28.7 points, or 1.12 percent, to 2,539.71 in the first 15 minutes of trading.

Overnight, the Dow Jo…

Hankook and Company Q2 net profit up 198.6 pct to 108.5 bln won

Hankook and Company Co. on Thursday reported its second-quarter net profit of 108.5 billion won (US$78.8 million), up 198.6 percent from a year earlier.

The company said in a regulatory filing that it posted 124.8 billion won in operating profit fo…

Mirae Asset Securities Q2 net profit up 42.8 pct to 201.2 bln won

Mirae Asset Securities Co. on Thursday reported its second-quarter net income of 201.2 billion won (US$146 million), up 42.8 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period rose 74…

Netmarble turns to profits in Q2

Netmarble Corp. on Thursday reported its second-quarter net profit of 162.3 billion won (US$117.9 million), swinging from a loss of 44.1 billion won a year earlier.

Operating profit for the April-June period was 111.2 billion, compared with a loss o…