Day: August 14, 2023

SC Bank Korea’s H1 net slips on increased reserves

Standard Chartered Bank Korea said Monday its first-half net profit edged down from a year earlier on increased loan-loss reserves and costs.Its net profit stood at 209 billion won (US$157 million) in the January-June period, down 1.4 percent from

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S. Korean Embassy in Tokyo gets bomb threat via email

The South Korean Embassy in Tokyo said Monday it has received an email threatening to blow up the embassy building ahead of this week’s anniversary celebrating Korea’s liberation from Japan’s 1910-1945 colonial rule.The embassy said the Japanese polic…

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Seoul shares down for 3rd day on inflation, Fed woes

South Korean stocks ended lower for the third consecutive day Monday on big-cap tech losses, as investor sentiment remains weak on lingering concerns over inflation and the Federal Reserve’s policy path. The local currency fell against the U.S. dollar…

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