South Korean shares dipped by nearly 2 percent Thursday as tech and auto stocks crashed following an overnight drop on Wall Street. The local currency fell slightly against the U.S. dollar.

The benchmark Korea Composite

POSCO International on Thursday reported its second-quarter net profit of 189.6 billion won (US$136.9 million), down 14 percent from a year earlier.

The company said in a regulatory filing that it posted 349.7 billion won

NH Investment and Securities Co. on Thursday reported its second-quarter net income of 197.2 billion won (US$142.4 million), up 8 percent from a year earlier.

The company said in a regulatory filing that operating profit

U.S. lawmakers, Korean Americans and others gathered in Washington on Wednesday to honor Korean War veterans and hope for lasting peace on the Korean Peninsula, as they commemorated the signing of the armistice that halted

Foreign Minister Cho Tae-yul will hold talks with his Australian counterpart, Penny Wong, in Seoul next week to discuss ways to bolster cooperation in defense and other sectors, Seoul’s foreign ministry said Thursday.

The meeting,