July 25, 2024

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Seoul shares sharply down late Thurs. morning on tech losses

South Korean shares traded sharply lower late Thursday morning amid sharp declines in tech shares.

The benchmark Korea Composite Stock Price Index had lost 47.89 points, or 1.74 percent, to 2,710.82 as of 11:20 a.m.

The index had opened lower, track…

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(2nd LD) LG Energy Solution swings to Q2 loss on EV slowdown

LG Energy Solution Ltd. (LGES), South Korea’s leading battery maker, said Thursday it shifted to a net loss in the second quarter due to slowing sales of electric vehicles (EVs).

In the three months ended in June, LGES swung to a net loss of 23.7 bil…