Thursday’s weather forecast

The following is the weather forecast for South Korea’s 12 major cities at 9:01 a.m. Thursday.Temperature (C) Condition PossibilityHigh/Low of Rain (%)Seoul 35/26 Sunny 0Incheon 33/26 Sunny 0Suwon 34/25 Sunny 0Cheongju 36/26 Sunny 60Daejeon 35/25 Sunn…

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Kakao Q2 net profit down 44.4 pct to 56.3 bln won

Kakao Corp. on Thursday reported its second-quarter net income of 56.3 billion won (US$43.3 million), down 44.4 percent from a year earlier.The company said in a regulatory filing that it posted 113.5 billion won in operating profit for the quarter, c…

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Seoul shares open lower on tech losses

South Korean stocks turned lower after starting a tad higher Thursday on tech losses after the downgrading of the U.S. credit rating.The benchmark Korea Composite Stock Price Index (KOSPI) fell 10.85 points, or 0.41 percent, to 2,605.62 in the first 1…

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(LEAD) Kakao Q2 net down 44 pct on increased costs

Kakao Corp., the operator of South Korea’s top mobile messenger, on Thursday said its second-quarter net profit dropped due to increased costs and investments.Its net profit reached 56.3 billion won (US$43.3 million) in the April-June period, down 44 …

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SARAWAK TO HOST ASIA-PACIFIC FILM FESTIVAL

Sarawak will be hosting the Asia-Pacific Film Festival (APFF) next year said state Minister of Tourism, Creative Industry and Performing Arts, Datuk Seri Abdul Karim Rahman Hamzah.He said this Asia-Pacific Film Festival is planned in Miri and that the…

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MOTHER OF SULTAN MIZAN PASSES AWAY

The Sultan of Terengganu Sultan Mizan Zainal Abidin’s mother, Tengku Besar of Terengganu, Fatimah @ Sharifah Nong Alsagoff Abdillah, passed away at 3.17 this morning.Comptroller of the Terengganu Royal Household, Datuk Mohd Sophian Abu Bakar, in a sta…

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