Economy

KOSPI Ends Friday Up 1.32%

Written: 2024-07-05 15:43:07 / Updated: 2024-07-05 16:08:11

The benchmark Korea Composite Stock Price Index climbed 37-point-29 points, or one-point-32 percent, on Friday to close at two-thousand-862-point-23. The ...

Economy

S. Korean Electronics Giants Samsung, LG Announce Stellar Q2 Earnings on Strong Global Demand

Written: 2024-07-05 15:20:37 / Updated: 2024-07-05 15:42:27

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LG Electronics Expects Highest Q2 Operating Profit of 1.2 Tln Won

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Economy

Estranged Son of Hyosung Founding Family Pledges to Donate Inheritance to Society

Written: 2024-07-05 13:50:39 / Updated: 2024-07-05 14:44:46

Cho Hyun-moon, former vice president of Hyosung Corporation, who is the estranged second son of the group's founding family, has promised to donate ...

Economy

LG Electronics Expects Highest Q2 Operating Profit of 1.2 Tln Won

Written: 2024-07-05 12:59:16 / Updated: 2024-07-05 14:47:23

LG Electronics expects to post a record-high performance for the second quarter, buoyed by "balanced qualitative growth" in its main household ...

Economy

FDI Pledges to S. Korea Fall 10.3% in First Half

Written: 2024-07-05 11:33:39 / Updated: 2024-07-05 11:59:32

Foreign direct investment(FDI) in South Korea dropped more than ten percent in the first half of 2024 compared to a year ago.  According to the ...

Economy

Samsung Electronics Expects 15-fold Surge in Q2 Profit amid AI Boom

Written: 2024-07-05 10:25:49 / Updated: 2024-07-05 15:55:21

Samsung Electronics has forecast a surge in second-quarter earnings, expecting a 15-fold increase in operating profits. The South Korean tech ...

Economy

Current Account Surplus Hits 32-Month High in May

Written: 2024-07-05 08:27:50 / Updated: 2024-07-05 10:58:04

The nation’s current account returned to surplus in May on the back of strong exports of semiconductors.  According to tentative data released ...

Economy

KOSPI Jumps 1.11% Closing at Highest in nearly 2 1/2 Yrs

Written: 2024-07-04 15:50:32 / Updated: 2024-07-04 16:56:08

The benchmark Korea Composite Stock Price Index climbed 30-point-93 points, or one-point-11 percent on Thursday to close at two-thousand-824-point-94, ...

Economy

Cost of Dining Out Rises 3% in June, Gov't Urges Efforts for Price Stability

Written: 2024-07-04 14:50:15 / Updated: 2024-07-04 17:31:38

The cost of dining out was up three percent in June, surpassing the overall inflation rate of two-point-four percent, prompting the government ...

Economy

KOSPI Ends Wednesday Up 0.47%

Written: 2024-07-03 15:45:11 / Updated: 2024-07-03 16:08:53

The benchmark Korea Composite Stock Price Index climbed 13-point-15 points, or zero-point-47 percent, on Wednesday to close at two-thousand-794-point-01. The ...