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Seoul shares end higher for 2nd day on Nvidia earnings

South Korean stocks finished slightly higher Friday as foreign investors bet on local tech shares following AI chip giant Nvidia's strong earnings results. The Korean won lost against the US dollar. The benchmark Korea Composite Stock Price Index gained 3.43 points, or 0.13 percent, to close at 2,667.7, extending its winning streak to two straight sessions. Trade volume was moderate at 409.4 million shares worth...
South Korea South Korean Samsung Biologics Samsung Electronics Hana Financial Group Lg Energy Solution

Seoul shares close lower on profit-taking

South Korean stocks finished sharply lower Tuesday as investors locked in gains after a recent rally. The local currency also fell against the US dollar. The benchmark Korea Composite Stock Price Index lost 22.47 points, or 0.84 percent, to close at 2,657.79, ending a two-day winning streak. On Monday, the index finished at 2,680.26, the highest closing price since May 31, 2022, when it was 2,685.9. Trade volume was ...
South Korea South Korean Samsung Electronics Lg Energy Solution Korea Composite Stock Price Index Lee Jae Won

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With licenses in hand, Korean game companies bet big on China

Korean video gaming companies, grappling with geopolitical risks and regulatory pressure in China over the past few years, are seeing a future in the worldโ€™s largest video gaming market with newly granted licenses and more upcoming titles, according to industry insiders and analysts, Thursday.
South Korea Ann Cao Zhang Shule Tencent Holdings Fighters All Star Dnf Mobile

[KH Explains] Why NCSoft is playing coy on game revenue

NCSoft announced an annual revenue of 1.78 trillion won ($1.34 billion) and operating profit of 137.3 billion last week, down 31 percent and 75 percent on year, respectively. Following the earnings announcement, the South Korean game developer held a conference call Thursday to explain last year's financial results. During the call, an analyst castigated the company for a recent change to its reporting practices...
South Korea South Korean Chung Ang University Korea Game Society Moon Joon Ki Baring Asset Management

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