Prosecutors have indicted Kim Beom-su, the founder of tech giant Kakao Corp., on stock manipulation charges related to the firm’s takeover of K-pop powerhouse SM Entertainment last year, officials said Thursday.
The Seoul Southern District Court ind…
Lotte Chemical Corp. on Thursday reported its second-quarter net loss of 107.1 billion won (US$77.8 million), remaining in the red compared with a year ago.
The company said in a regulatory filing that it continued to post an operating loss of 111.2…
Korea Electric Power Corp. on Thursday reported its second-quarter net income of 114.4 billion won (US$83.1 million), swinging from a loss of 1.9 trillion won a year earlier.
Operating profit for the April-June period was 1.25 trillion, compared wit…
South Korea’s social media giant Kakao Corp. said Thursday its second-quarter net income jumped 59.1 percent from a year earlier, led by higher sales of its platform business.
Net profit for the April-June period reached 87.1 billion won (US$63.4 mi…
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