SK bioscience Co., a biopharmaceutical arm of South Korea’s SK Group, said Thursday it has agreed to invest US$2 million to acquire future shares in U.S. biotech company Sunflower Therapeutics.

SK bioscience signed a simple agreement for future equit…

South Korean shares dipped by nearly 2 percent Thursday as tech and auto stocks crashed following an overnight drop on Wall Street. The local currency fell slightly against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost…

POSCO International on Thursday reported its second-quarter net profit of 189.6 billion won (US$136.9 million), down 14 percent from a year earlier.

The company said in a regulatory filing that it posted 349.7 billion won in operating profit for the …

NH Investment and Securities Co. on Thursday reported its second-quarter net income of 197.2 billion won (US$142.4 million), up 8 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period r…

U.S. lawmakers, Korean Americans and others gathered in Washington on Wednesday to honor Korean War veterans and hope for lasting peace on the Korean Peninsula, as they commemorated the signing of the armistice that halted the conflict 71 years ago.

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Foreign Minister Cho Tae-yul will hold talks with his Australian counterpart, Penny Wong, in Seoul next week to discuss ways to bolster cooperation in defense and other sectors, Seoul’s foreign ministry said Thursday.

The meeting, to be held Tuesday,…

LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Thursday it shifted to a net loss in the second quarter due to slowing sales of electric vehicles (EVs).

In the three months ended in June, LGES swung to a net loss of 23.7 bil…

S-1 Corp. on Thursday reported its second-quarter net income of 43.3 billion won (US$31.3 million), up 5.5 percent from a year earlier.

The company said in a regulatory filing that it posted 52.3 billion won in operating profit for the quarter, compa…