Earnings
Earnings
Samsung SDI's operating profit plunges in Q3 amid EV chasm
Oct 30, 2024 (Gmt+09:00)
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Earnings
LG Energy Q3 profit more than doubles on higher sales; shares jump
LG Energy Solution Ltd., the world’s third-largest battery maker, said its quarterly operating profit more than doubled from the previous three...
Oct 28, 2024 (Gmt+09:00)
3 Min read -
Earnings
Kia eyes rosier 2024 after record-high Q3; Hyundai Mobis’ OP up 32%
Kia Corp., South Korea’s No. 2 carmaker after Hyundai Motor Co., presented a brighter outlook for this year after posting record-high operating...
Oct 25, 2024 (Gmt+09:00)
4 Min read -
Earnings
LG Electronics logs highest-ever Q3 revenue
LG Electronics Inc. posted its highest-ever sales in the third quarter this year because of the updated home appliances business portfolio, which foc...
Oct 25, 2024 (Gmt+09:00)
1 Min read -
Earnings
Hyundai Motor logs highest-ever Q3 revenue; margin drops
Hyundai Motor Co. on Thursday reported its worst quarterly profit margin for this year, despite delivering its highest-ever revenue for a third quart...
Oct 24, 2024 (Gmt+09:00)
2 Min read -
Earnings
SK Hynix’s Q3 profit soars to record high, beats Samsung’s memory profit
SK Hynix Inc., the world’s second-largest memory chipmaker, on Thursday posted record quarterly profit and sales, driven by premium artificial ...
Oct 24, 2024 (Gmt+09:00)
4 Min read -
Earnings
Samsung chip head vows drastic revamp after flagging weak Q3 earnings
Jun Young-hyun, vice chairman and head of Samsung Electronics Co.'s semiconductor business, on Tuesday vowed to take drastic steps to improve profita...
Oct 08, 2024 (Gmt+09:00)
4 Min read -
Banking & Finance
Korean banks post significant H1 profit drop at overseas operations
South Korea’s top four banks saw a significant drop in their overseas earnings in the first half as they focused more on domestic businesses su...
Sep 20, 2024 (Gmt+09:00)
2 Min read -
Earnings
Korea’s airline firms plagued by elevated fuel costs, strong dollar
South Korea’s six listed airline companies posted worsening profitability in the second quarter, plagued by higher jet fuel costs and the US do...
Aug 16, 2024 (Gmt+09:00)
2 Min read -
Earnings
Food giant CJ CheilJedang's profits rise for 3rd straight quarter
South Korean food giant CJ CheilJedang Corp.'s quarterly operating profit increased for the third consecutive quarter, reversing a decline in the thi...
Aug 13, 2024 (Gmt+09:00)
2 Min read -
Earnings
KT posts Q2 profit drops on pay raises, bonus payments
KT Corp., South Korea’s No. 1 telecom service provider, on Friday reported a 14.3% drop in second-quarter operating profit despite steady reven...
Aug 09, 2024 (Gmt+09:00)
2 Min read -
Earnings
SK Telecom logs higher quarterly profit on AI, lower costs
SK Telecom Co., South Korea’s top mobile carrier, reported a higher quarterly profit as its cost-cutting and strong artificial intelligence (AI...
Aug 06, 2024 (Gmt+09:00)
1 Min read -
Earnings
SK On logs record quarterly loss on sluggish EV market
SK On Co., the world’s fifth-largest battery maker, on Thursday reported a record quarterly loss on the prolonged weakness in the electric vehi...
Aug 01, 2024 (Gmt+09:00)
2 Min read -
Earnings
EcoPro BM may cut battery materials capacity on EV slowdown
South Korea’s leading battery materials maker EcoPro BM Co. is considering reducing cathode output capacity despite continuous investments in f...
Jul 31, 2024 (Gmt+09:00)
2 Min read -
Earnings
Samsung set to ship HBM3E chips in H2 after strong H1
Samsung Electronics Co. expects it will be ready to ship its fifth-generation high-bandwidth memory (HBM) chips, or HBM3E, in the second half, demons...
Jul 31, 2024 (Gmt+09:00)
5 Min read -
Automobiles
Kia’s Chinese business makes turnaround as it becomes export base
South Korean automaker Kia Corp.'s Chinese business has been struggling for years amid escalating tension between the US and China – Korea&rsqu...
Jul 30, 2024 (Gmt+09:00)
3 Min read -
Earnings
Kia posts highest-ever profit margin, double Tesla's
Kia Corp., South Korea’s No. 2 carmaker, on Friday posted its highest-ever operating profit margin of 13.2% in the second quarter, more than do...
Jul 26, 2024 (Gmt+09:00)
3 Min read -
Earnings
Woori Financial vows higher shareholder returns, value-up after record Q2
Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, plans to significantly enhance its shareholder val...
Jul 26, 2024 (Gmt+09:00)
3 Min read -
Earnings
Hybrids, SUVs drive Hyundai Q2 profits to record high
Hyundai Motor Co. posted its strongest quarterly results in the second quarter, with brisk sales of high-margin models such as hybrid cars and sports...
Jul 25, 2024 (Gmt+09:00)
3 Min read -
Earnings
LG Electronics posts record Q2 profit, to accelerate transition into AI leader
LG Electronics Inc., a leading South Korean electronics maker, on Thursday posted its highest quarterly operating profit and sales for the April-June...
Jul 25, 2024 (Gmt+09:00)
2 Min read -
Earnings
SK Hynix to supply 12-layer HBM3E to Nvidia in Q4; profit soars in Q2
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has made a significant turnaround...
Jul 25, 2024 (Gmt+09:00)
3 Min read -
Electronics
Rebound in large OLED TV demand bodes well for LG Display, Samsung
In the flat panel market, South Korea’s two display makers – LG Display Co. and Samsung Display Co. – have been bleeding for years ...
Jul 23, 2024 (Gmt+09:00)
3 Min read -
Earnings
LG Energy’s Q2 profit hurt by EV slowdown, expects Q4 improvement
LG Energy Solution Ltd., one of the world’s top three battery makers, on Monday posted a smaller quarterly profit, hurt by sluggish global elec...
Jul 08, 2024 (Gmt+09:00)
3 Min read -
Earnings
LG Elec logs record Q2 earnings on home appliances, car parts
South Korean tech giant LG Electronics Inc. is expected to log its record second-quarter revenue and operating profit thanks to robust sales of home a...
Jul 05, 2024 (Gmt+09:00)
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Earnings
Samsung’s Q2 profit soars on AI chips; second-half outlook rosy
South Korean tech giant Samsung Electronics Co. on Friday flagged a more than 15-fold increase in its second-quarter operating profit as the artifici...
Jul 05, 2024 (Gmt+09:00)
3 Min read -
Earnings
Yanolja gains momentum with cloud, overseas trip businesses
SoftBank-backed Yanolja Co. cheered stellar earnings in the first quarter after its new businesses – cloud and outbound trip services – m...
May 24, 2024 (Gmt+09:00)
3 Min read -
Earnings
Meritz leaves door open for an M&A, to stay shareholder friendly
Meritz Financial Group Inc., boasting the fourth-biggest market capitalization among South Korean financial holding companies, will look into an acqu...
May 14, 2024 (Gmt+09:00)
3 Min read -
Earnings
CJ CheilJedang profit beats forecasts on overseas business
South Korean food giant CJ CheilJedang Corp. on Tuesday reported a better-than-expected quarterly profit on healthy overseas businesses and cost cuts...
May 14, 2024 (Gmt+09:00)
3 Min read -
Automobiles
Hyundai Motor workers at Alabama plant may move to join UAW
South Korea’s top automaker Hyundai Motor Co. may see labor challenges at its plant in Montgomery, Alabama as its US manufacturing workers are ...
May 14, 2024 (Gmt+09:00)
2 Min read -
Earnings
Korea Investment sees record quarterly net profit
Korea Investment & Securities Co. enjoyed a record quarterly net profit on the course to become the country's most profitable brokerage house th...
May 08, 2024 (Gmt+09:00)
1 Min read
Latest News
- 1 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 2 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 3 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 4 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 5 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google