Day: February 15, 2024

(LEAD) Kakao posts net loss of 1.7 tln won in Q4

SEOUL, Kakao Corp., the operator of South Korea’s dominant mobile messenger app, said Thursday its net loss widened in the fourth quarter from a year earlier due to an increase in non-operating costs.

The company said in a regulatory filing

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Seoul shares open higher on U.S. gains

SEOUL, Seoul shares opened higher Thursday, tracking overnight gains on Wall Street.

The benchmark Korea Composite Stock Price Index (KOSPI) gained 14.7 points, or 0.56 percent, to 2,635.12 in the first 15 minutes of trading.

Overnight, the U.S. sto…

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Kakao posts net loss of 1.7 tln won in Q4

SEOUL, Kakao Corp. on Thursday reported a net loss of 1.66 trillion won (US$1.24 billion) for the fourth quarter of 2023, staying in the red year-on-year.

The company said in a regulatory filing that it posted an operating profit of

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