Category: General

Seoul shares open lower after U.S. inflation data

SEOUL, Seoul shares opened lower Wednesday following hotter-than-estimated U.S. inflation data.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 39.58 points, or 1.49 percent, to 2,610.06 in the first 15 minutes of trading.

Overnight, t…

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Neowiz returns to black in Q4 on new titles

SEOUL, South Korean game publisher Neowiz said Wednesday it bounced back to black in the fourth quarter, thanks to robust sales of its latest titles.

Neowiz posted a net profit of 2.8 billion won (US$2.1 million) in the quarter,

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(LEAD) Lee’s wife indicted for election law violation

SUWON, South Korea, Opposition leader Lee Jae-myung’s wife, Kim Hye-kyung, was indicted without detention on Wednesday on charges of violating the election law by offering meals to party figures ahead of the 2022 presidential election, the Suwon Dist…

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LS 2023 net profit up 7.9 pct to 545.2 bln won

SEOUL, LS Corp. on Wednesday reported its 2023 net profit of 545.2 billion won (US$408.3 million), up 7.9 percent from a year earlier.

The company said in a regulatory filing that it posted 899.8 billion won in operating profit

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