General

(LEAD) Seoul shares up for 2nd day on Fed’s rate-cut signal

South Korean stocks increased for two straight sessions Thursday driven by the U.S. Federal Reserve’s strong signal for a rate cut next time. The local currency rose sharply against the U.S. dollar.

The benchmark Korea Composite Stock Price Index inc…

Pan Ocean Q2 net profit up 19.3 pct to 109.6 bln won

Pan Ocean Co. on Thursday reported its second-quarter net profit of 109.6 billion won (US$80.4 million), up 19.3 percent from a year earlier.

The company said in a regulatory filing that it posted 135.2 billion won in operating profit for the quarter…