Finance Minister Choi Sang-mok called for close market monitoring over delays in payment by e-commerce platforms TMON and WeMakePrice, and all-out efforts to prevent damage to sellers and customers, the finance ministry said Thursday.

Choi made the r…

Seoul shares opened sharply lower Thursday, tracking overnight losses on Wall Street.

The benchmark Korea Composite Stock Price Index lost 35.99 points, or 1.30 percent, to 2,722.72 in the first 15 minutes of trading.

The Dow Jones Industrial Averag…

JB Financial Group Co. on Thursday reported its second-quarter net profit of 200.7 billion won (US$144.8 million), up 20.1 percent from a year earlier.

The company said in a regulatory filing that it posted 258.8 billion won in operating profit for t…

LS Electric Co. on Thursday reported its second-quarter net profit of 64.6 billion won (US$46.7 million), down 11.5 percent from a year earlier.

The company said in a regulatory filing that it posted 109.6 billion won in operating profit for the quar…

The indictment of Sue Mi Terry last week has sent shockwaves through Washington’s Korea-watching community. As a respected North Korea expert and former CIA analyst, her alleged role as an unregistered agent for South Korea’s spy agency has triggered …

KG Dongbusteel Co. on Thursday reported its second-quarter net profit of 37.9 billion won (US$27.4 million), down 32.8 percent from a year earlier.

The company said in a regulatory filing that operating income for the April-June period fell 12.4 perc…

With South Korean golfer Park In-bee running for election to the International Olympic Committee (IOC)’s Athletes’ Commission, three candidates have dropped out of the race.

The commission’s website listed 29 candidates Thursday, down from the initia…

SK hynix Inc. reported its highest quarterly profit in six years on Thursday, fueled by solid sales of its premium memory chips used in artificial intelligence (AI) computing.

The world’s second-largest memory chipmaker posted an operating profit of …