August 8, 2024

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Hanon Systems shifts to red in Q2

Hanon Systems on Thursday reported its second-quarter net loss of 31.2 billion won (US$22.7 million), swinging from a profit of 110.6 billion won a year earlier.

Operating income for the April-June period was 71.6 billion won, down 50.1 percent from…

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(LEAD) Seoul shares end two-day rise after global sell-off

South Korean stocks ended a two-day rebound after the global crash as investor sentiment was dampened by lingering U.S. recession woes and the sluggish performance of big tech firms. The local currency slightly fell against the U.S. dollar.

The benc…