Day: February 21, 2024

Seoul shares close lower ahead of FOMC minutes release

SEOUL, South Korean stocks finished lower Wednesday with investors waiting for the release of the minutes of the U.S. Federal Open Market Committee’s (FOMC) January meeting. The local currency rose against the U.S. dollar.

After starting marginally h…

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(2nd LD) Hanwha Ocean swings to black in 2023

SEOUL, Major South Korean shipbuilder Hanwha Ocean Co. said Wednesday it swung to profit in 2023 amid a surge in sales.

Consolidated net profit stood at 160 billion won (US$119.8 million) last year, a sharp turnaround from a loss of

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