Category: Business

Seoul stocks up for 3rd day on recovery hopes, bio gains

SEOUL– South Korean stocks extended their winning streak to a third session Friday on the back of growing hopes for an economic recovery and strong bio gains. The Korean won rose against the U.S. dollar.The benchmark Korea Composite Stock Price Index …

Seoul stocks extend gains late Fri. morning on recovery hopes

SEOUL– South Korean stocks expanded their gains late Friday morning on growing hopes for economic recovery.The benchmark Korea Composite Stock Price Index (KOSPI) rose 17.7 points, or 0.56 percent, to reach 3,196.44 points as of 11:20 a.m.The key stoc…

Seoul stocks open higher on Wall Street gains

SEOUL– South Korean stocks opened higher Friday, tracking the Wall Street rally that stemmed from improved U.S. unemployment data.The benchmark Korea Composite Stock Price Index (KOSPI) rose 6 points, or 0.19 percent, to reach 3,184.74 points in the f…

HDC Holdings Q1 net profit up 142.1 pct. to 90.7 bln won

SEOUL– HDC Holdings Co. on Friday reported its first-quarter net profit of 90.7 billion won (US$80.9 million), up 142.1 percent from a year earlier.Operating profit for the January-March period was 132.4 billion won, up 436.5 percent from a year ago, …

Handsome Q1 net income up 50.6 pct. to 32.5 bln won

SEOUL– Handsome Corp. on Friday reported its first-quarter net income of 32.5 billion won (US$29 million), up 50.6 percent from a year earlier.Operating profit for the January-March period was 45.2 billion won, up 54.5 percent from a year ago, the com…

SK Chemicals Q1 net income up 288.4 pct. to 50.5 bln won

SEOUL– SK Chemicals Co. on Friday reported its first-quarter net profit of 50.5 billion won (US$45 million), up 288.4 percent from a year earlier.Operating profit for the January-March period was 73 billion won, up 810.6 percent from a year ago, the c…