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(EDITORIAL from Korea Times on July 25)

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 …

LS Electric Q2 net income down 11.5 pct to 64.6 bln won

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…

JB Financial Group Q2 net income up 20.1 pct to 200.7 bln won

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…

Seoul shares open sharply lower on Wall Street losses

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…

Taihan Cable wins 190 bln-won power grid deal in U.S.

Taihan Cable and Solution Co., South Korea’s second-biggest cable company, said Thursday it has received 190 billion won (US$137 million) worth of power grid orders in the United States.

With the latest orders, Taihan Cable has obtained more than 5…

LG Energy Solution turns to loss in Q2

LG Energy Solution Ltd. on Thursday reported its second-quarter net loss of 23.7 billion won (US$17.1 million), swinging from a profit of 465.1 billion won a year earlier.

The company said in a regulatory filing that it posted 195.3 billion won in op…