South Korean shares closed lower on Thursday, snapping two straight days of gains as investors booked profit after the Iran-Israel truce.

The Korea Composite Stock Price Index or Kospi fell by 28.69 points, or 0.92%, to end at 3,079.56. The Kosdaq also decreased by 10.26 points, or 1.29%, to close at 787.95.

In economic news, the composite business sentiment index in all industries in South Korea decreased 0.5 points to 90.2 in June from the previous month, while the outlook for the next month also fell 0.1 points to 89.4, according to data released by the Bank of Korea on Thursday.

The seasonally adjusted composite business sentiment index for the manufacturing sector declined 0.3 points to 94.4, while the outlook for the following month increased 0.3 points to 93.4, the central bank said.

For the non-manufacturing sector, the seasonally adjusted composite business sentiment index decreased 0.7 points to 87.4, while the outlook for the following month also fell by 0.4 points to 86.7.

Meanwhile, the economic sentiment index, a composite of the business survey and consumer survey indices, went up 0.6 points to 92.8.

In corporate news, Samsung Electronics (KRX:005930) will apply its Wallet Digital Key to 17 Mercedes-Benz models launching in South Korea from July 25, including the Maybach, AMG, and E-Class (W214), the electronics products maker said in a Thursday release.

Users of supported Galaxy devices, including the S21-S25 series and Z Fold3-Z Fold6, can register digital keys via the Mercedes Me app. The keys leverage Samsung Knox and ultra-wideband (UWB) tech for secure, keyless entry, engine start, and remote sharing, the release said.

Lost devices can be managed via the Samsung Find app, it said.

Shares of Samsung Electronics fell nearly 2% at market close.