Category: Production

Kangstem Biotech to raise 35.1 bln won via stock sale

Kangstem Biotech Co. on Friday announced that it will sell stock to raise 35.1 billion won(US$26.5 million). The proceeds from the stock offering will be used primarily to finance its operations.According to a regulatory filing, the company will issue…

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LG Q2 net income down 12.3 pct to 419.2 bln won

LG Corp. on Thursday reported its second-quarter net income of 419.2 billion won (US$318.7 million), down 12.3 percent from a year earlier.Operating income for the April-June period was 454.7 billion won, down 9.1 percent from a year ago, the company …

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