SEOUL, The issuance of asset-backed securities (ABSs) in South Korea jumped more than 50 percent from a year earlier in 2023, led by a sharp increase in securities issued by the state-run housing finance company, data showed Tuesday.
The amount of A…
SEOUL, Korean Air Co., South Korea’s national flag carrier, said Tuesday it had shifted to a net loss in the fourth quarter of 2023 from a year earlier due to increased operating costs.
Korean Air swung to an estimated net loss of 234.59 billion won…
SEOUL, South Korean stocks got off to a strong start Tuesday, tracking overnight gains on Wall Street.
The benchmark Korea Composite Stock Price Index rose 18.70 points, or 0.75 percent, to 2,519.35 in the first 15 minutes of trading.
Overnight, U….
SEOUL, Cheil Worldwide Inc on Tuesday reported its fourth-quarter net income of 17.3 billion won (US$13 million), down 30 percent from a year earlier.
The company said in a regulatory filing that operating profit for the October-December period rose…
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