August 8, 2024

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Seoul shares open lower on lingering U.S. recession woes

South Korean stocks started lower Thursday amid lingering fears about a U.S. recession.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 28.7 points, or 1.12 percent, to 2,539.71 in the first 15 minutes of trading.

Overnight, the Dow Jo…

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Hankook and Company Q2 net profit up 198.6 pct to 108.5 bln won

Hankook and Company Co. on Thursday reported its second-quarter net profit of 108.5 billion won (US$78.8 million), up 198.6 percent from a year earlier.

The company said in a regulatory filing that it posted 124.8 billion won in operating profit fo…

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Mirae Asset Securities Q2 net profit up 42.8 pct to 201.2 bln won

Mirae Asset Securities Co. on Thursday reported its second-quarter net income of 201.2 billion won (US$146 million), up 42.8 percent from a year earlier.

The company said in a regulatory filing that operating profit for the April-June period rose 74…