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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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…

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 …

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…

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 Korea’s National Assembly adopted a resolution Thursday urging the withdrawal of Japan’s bid to register a former gold mine linked to wartime forced labor as a UNESCO World Heritage Site.

The resolution regarding Japan’s Sado mine was passed un…

Payment delays by TMON and WeMakePrice, South Korean affiliates of Singapore-based e-commerce platform Qoo10 Group, were feared to deepen liquidity woes of sellers on the online marketplaces, according to some sellers Thursday.

The e-commerce platfor…

South Korean archer Lim Si-hyeon set a world record in the women’s ranking round of the Paris Olympics on Thursday, as her Summer Games debut got off to a rousing start.

Lim scored 694 out of a possible 720 points at Les Invalides in Paris, finishing…