August 5, 2024

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(LEAD) NCSOFT Q2 operating profit down 75 pct on weak sales

NCSOFT Corp., a major South Korean game developer, said Monday its operating profit decreased 75 percent from a year earlier on sluggish sales.

Operating profit for the April-June period came to 8.8 billion won (US$6.4 million), compared with 35.3 b…

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Seoul shares sink over 5 pct on U.S. slowdown fears

South Korean stocks tumbled more than 5 percent late Monday morning as fears of a U.S. economic slowdown weighed heavily on the local financial market, with a five-minute trade halt issued.

The benchmark Korea Composite Stock Price Index (KOSPI) had…