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Samsung C and T Q2 net income up 5.7 pct to 734 bln won

Samsung C and T Corp. on Wednesday reported its second-quarter net income of 734 billion won (US$533.2 million), up 5.7 percent from a year earlier.

Operating profit for the April-June period was 900.4 billion won, up 16.6 percent from a year ago, t…

SK Bioscience remains in red in Q2

SK Bioscience Co. on Wednesday reported its second-quarter net loss of 11.4 billion won (US$8.3 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 19.9 bill…

Seoul shares open higher on rate cut hopes

Seoul shares opened higher Wednesday, following a mixed close on Wall Street, as investors expect the Federal Reserve may begin a rate cutting cycle later this year.

The benchmark Korea Composite Stock Price Index (KOSPI) added 5.20 points, or 0.19 …