Seoul shares up 0.3 pct in late-morning trade
May 28, 2013
South Korean stocks traded 0.3 percent higher late Tuesday morning, buoyed by gains in builders and IT services companies, analysts said. The benchmark Korea Composite Stock Price Index (KOSPI) rose 6 points to 1,985.97 as of 11:20 a.m. Daelim Industrial, a leading construction firm, climbed 2.6 percent and NHN Corp., the No. 1 Internet portal service provider, gained 1.6 percent. In contrast, utilities and brokerages lost ground. State-run Korea Electric Power Corp. sank more than 2 percent