General

Union Korea Pharm to raise 6.9 bln won via stock offering

Union Korea Pharm Co. on Tuesday announced that it will sell stock to raise 6.9 billion won(US$5 million). The proceeds from the stock sale will be used mainly to pay off its debts.

According to a regulatory filing, the company will issue some 1.57 …

Seoul shares open lower ahead of Fed rate decision, earnings

Seoul shares opened lower Tuesday, following a mixed close on Wall Street, as investors await the Federal Reserve’s rate decision and earnings from major tech firms.

The benchmark Korea Composite Stock Price Index (KOSPI) fell 19.99 points, or 0.72 …

Hanwha Systems Q2 net profit down 63.8 pct to 27 bln won

Hanwha Systems Co. on Tuesday reported its second-quarter net income of 27 billion won (US$19.5 million), down 63.8 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period rose 167 percent…