Daily Recap of KOSPI 200 Stock Movements
Seoul — Friday's trading session saw varied movements across the board for companies listed on the KOSPI 200. Key financial updates and market shifts affected several major companies, reflecting both…
April 26, 2024
Woori Financial Group Reports 11.3% Decline in Q1 Net Income
Seoul — Woori Financial Group Inc. announced a decline in its net income for the first quarter, totaling 839.5 billion won (US$610.4 million), which marks an 11.3 percent decrease from…
Seoul Stock Market Rises Despite Wall Street Downturn
SEOUL—South Korean stocks ended higher on Friday, with the benchmark Korea Composite Stock Price Index (KOSPI) climbing 27.71 points, or 1.05 percent, to 2,656.33 despite overnight losses in the U.S.…
Samsung Heavy Industries Reports Decrease in Q1 Net Profit Despite Surge in Operating Income
SEOUL—Samsung Heavy Industries Co. announced on Friday that its net profit for the first quarter fell 16.1 percent year over year to 7.8 billion won (US$5.7 million). According to Yonhap…
Seoul Stocks Rise Despite Global Market Downturn
Seoul — South Korean stocks closed higher on Friday, defying a global market downturn that saw significant losses in U.S. markets. The local surge was propelled by gains in technology…
Woori Financial Reports Decline in Q1 Net Profit Amid Falling Interest Income
SEOUL—Woori Financial Group Inc. reported a 9.8 percent decline in net profit for the first quarter of 2024, citing a decrease in interest income and losses from equity ties with…