South Korean stocks closed higher for a second consecutive session Thursday amid growing hopes of U.S. rate cuts. The local currency slightly lost ground against the U.S. dollar.
The benchmark Korea Composite Stock Price Index (KOSPI) added 10.74 poi…
North Korean leader Kim Jong-un reprimanded officials over “shortcomings” in regional factories, state media said Thursday, during a visit that came as part of his push on developing the economy in the North’s backward provinces.
Kim made the remarks…
Defense Minister Shin Won-sik said Thursday that South Korea is expected to bag more arms contracts in the Middle East this year by building on the momentum from a large-scale missile interceptor deal in Saudi Arabia.
Shin shared his optimism
KT Corp., South Korea’s major mobile carrier, said Thursday it shifted to a net loss in the fourth quarter from a profit a year earlier due to an increase in operating costs.
The company said in a regulatory filing it
Samsung Card Co. on Thursday reported its 2023 net profit of 609.4 billion won (US$459.5 million), down 2.1 percent from a year earlier.
The company said in a regulatory filing that operating income for the year fell 4.6 percent on-year
Lotte Shopping Co. on Thursday reported its fourth-quarter net loss of 56.4 billion won (US$42.5 million), remaining in the red compared with a year ago.
Operating profit for the October-December period was 202.4 billion won, up 117.4 percent from a
Samsung Card Co. on Thursday reported its fourth-quarter net income of 179.4 billion won (US$135.3 million), up 8.2 percent from a year earlier.
The company said in a regulatory filing that it posted 238.8 billion won in operating profit for
Lawmakers from the ruling People Power Party (PPP) said Thursday that President Yoon Suk Yeol’s response to allegations surrounding the first lady was “sincere,” yet some expressed regret over the lack of an apology.
In an interview with broadcaster …
North Korea has abolished laws on inter-Korean economic cooperation, state media said Thursday, as tensions between the two Koreas have deepened after the North declared there is no point in seeking reunification with the South.
During a year-end par…
South Korea’s health ministry said Thursday it plans to expand the intake of nursing school freshmen by 1,000 starting next year, in sync with its plan to boost the number of medical students.
The announcement came after the health ministry