OECD raises S. Korea’s 2024 growth outlook to 2.6 pct

The Organization for Economic Cooperation and Development (OECD) revised up its outlook for South Korea’s economic growth this year to 2.6 percent, Seoul’s finance ministry said Thursday.

The figure marked a 0.4 percentage-point increase from its pro…

Seoul shares snap 3-day rise after FOMC decision

South Korean stocks fell slightly Thursday following the U.S. Federal Reserve’s decision to hold the key rate flat. The Korean won rebounded against the U.S. dollar.

The benchmark Korea Composite Stock Price Index (KOSPI) lost 8.41 points, or 0.31 pe…

Green Cross remains in red in Q1

Green Cross Corp. on Thursday reported its first-quarter net loss of 30.7 billion won (US$22.3 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 15 billion …