Earnings
Earnings
Coupang to keep investing against Chinese players despite loss
May 08, 2024 (Gmt+09:00)
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Earnings
Overseas projects boost Korean builders’ earnings; GS profit cut in half
Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, couple...
Apr 30, 2024 (Gmt+09:00)
1 Min read -
Earnings
LG Chem displays bright outlook after loss in first quarter
LG Chem Ltd., the parent of the world's second-largest battery maker LG Energy Solution Ltd., expects its business will improve in upcoming quarters ...
Apr 30, 2024 (Gmt+09:00)
3 Min read -
Korean chipmakers
Samsung shifts gears to focus on HBM, server memory chips
South Korean tech giant Samsung Electronics Co. said on Tuesday it will adjust its memory chip product mix to increase the output of advanced memory ...
Apr 30, 2024 (Gmt+09:00)
3 Min read -
Earnings
Korean battery maker SK On expects business turnaround in H2
SK On Co., the battery unit of South Korea’s top energy company SK Innovation Co., said on Monday it expects a business turnaround in the secon...
Apr 29, 2024 (Gmt+09:00)
4 Min read -
Earnings
Kia logs record profit, revenue in Q1 on weak won
Kia Corp., the second-largest automaker in South Korea, posted record quarterly profit and revenue for the first three months of this year, backed by...
Apr 26, 2024 (Gmt+09:00)
2 Min read -
Earnings
Hyundai Glovis expects better 2024 after beating market in Q1
Hyundai Glovis Co. expects an improvement in earnings this year from last year after reporting better-than-expected sales and operating profit in the...
Apr 25, 2024 (Gmt+09:00)
3 Min read -
Earnings
SK Hynix, latest chipmaker to emerge victorious with record Q1 sales
SK Hynix Inc., the world’s second-largest memory chipmaker after Samsung Electronics Co., said on Thursday it has swung to a profit in the firs...
Apr 25, 2024 (Gmt+09:00)
3 Min read -
Earnings
Hanwha Ocean’s Q1 turnaround brightens earnings outlook
Hanwha Ocean Co., South Korea’s third-largest shipbuilder, turned to the black in the first quarter powered by increasing sales of higher-end v...
Apr 24, 2024 (Gmt+09:00)
1 Min read -
Earnings
Korean banking group's Q1 profits drop on ELS sales
The combined net profit at South Korea’s four largest financial services firms, including KB Financial Group, are estimated to have dropped nea...
Apr 23, 2024 (Gmt+09:00)
3 Min read -
Earnings
LG Electronics logs record-high revenue in Q1 on B2B push
LG Electronics Inc. raked in its largest-ever quarterly revenue in the first quarter of this year, maintaining upward momentum after a stellar 2023, ...
Apr 05, 2024 (Gmt+09:00)
2 Min read -
Earnings
Samsung Q1 profit soars, set to benefit from Taiwan quake, AI chip demand
Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday its first-quarter operating profit likely rose more than tenfold ...
Apr 05, 2024 (Gmt+09:00)
3 Min read -
Earnings
Weak property market cuts into Korean securities firms’ profits
dd South Korea’s securities firms suffered a 20% fall in overall net profit last year hurt by the weak property market, adding to bearish views...
Mar 25, 2024 (Gmt+09:00)
1 Min read -
Earnings
Samsung Electronics collects $4.3 bn in dividends from display unit
Samsung Electronics Co., the world’s largest memory chipmaker, is slated to receive about 5.64 trillion won ($4.3 billion) worth of dividends f...
Mar 21, 2024 (Gmt+09:00)
1 Min read -
Earnings
SoftBank-backed Coupang posts 1st-ever annual profit in 2023
South Korea’s leading e-commerce platform Coupang Inc. on Wednesday posted its first-ever operating profit of $473 million in 2023, driven by d...
Feb 28, 2024 (Gmt+09:00)
2 Min read -
Earnings
KEPCO narrows losses with 2nd straight quarterly profit
South Korea’s power utility Korea Electric Power Corp. (KEPCO) on Friday posted its second straight quarterly profit, sharply above market fore...
Feb 23, 2024 (Gmt+09:00)
2 Min read -
Earnings
Korea’s GS offers dim outlook after weak earnings; stocks down
GS Holdings Corp., the holding company of South Korea’s energy-to-retail conglomerate GS Group, on Wednesday provided a dismal business outlook...
Feb 14, 2024 (Gmt+09:00)
1 Min read -
Earnings
KT’s 2023 sales rise to all-time yearly high on wireless, internet business
South Korea’s leading telecommunications company KT Corp. on Thursday posted record annual sales revenue for 2023, buoyed by steady growth in i...
Feb 08, 2024 (Gmt+09:00)
3 Min read -
Earnings
Netmarble bets on new games for turnaround in 2024
Netmarble Corp. expects a turnaround this year driven by new games after successfully snapping its seven consecutive quarter losing streak in the fin...
Feb 08, 2024 (Gmt+09:00)
4 Min read -
Earnings
KB Financial posts record-high profit on loan growth
KB Financial Group and Kakao Bank, top players in South Korea’s offline and mobile banking sector, respectively, achieved their highest-ever pr...
Feb 08, 2024 (Gmt+09:00)
3 Min read -
Earnings
EcoPro’s 2023 profit halves on softer EV demand, materials prices
South Korea’s major battery materials company EcoPro Co. saw last year’s operating profit halved from the previous year after a steeper-t...
Feb 07, 2024 (Gmt+09:00)
2 Min read -
Earnings
SK Telecom gears up for AI leap in 2024
SK Telecom Co., South Korea’s largest mobile carrier, will expedite its transition into an artificial intelligence company this year after its ...
Feb 05, 2024 (Gmt+09:00)
4 Min read -
Earnings
Naver logs record earnings on e-commerce, content; stocks up
South Korea’s online giant Naver Corp. reported record earnings on strong performances of its e-commerce and content businesses, sending its sh...
Feb 02, 2024 (Gmt+09:00)
3 Min read -
Earnings
S-Oil’s 2023 operating profit more than halves on weak refining margins
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Friday posted a 58.3% decline in its operating profit last year, weighed by lower ref...
Feb 02, 2024 (Gmt+09:00)
3 Min read -
Earnings
Samyang’s power: Hot Chicken Flavor Ramen by daughter-in-law
Samyang Foods Co., a South Korean instant noodle maker, enjoyed record earnings last year thanks to increasing overseas sales of its global-hit Hot C...
Feb 01, 2024 (Gmt+09:00)
2 Min read -
Earnings
Hana Bank at record profit; office bets hit Hana Securities
South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship Hana Bank offset by ...
Jan 31, 2024 (Gmt+09:00)
1 Min read -
Earnings
Samsung offers upbeat 2024 outlook on chip recovery
Samsung Electronics Co., the world’s top memory chipmaker, on Wednesday offered an upbeat outlook for the semiconductor industry on recovering ...
Jan 31, 2024 (Gmt+09:00)
5 Min read -
Earnings
S.Korean trading companies boost profits by diversifying businesses
POSCO International Corp. joined the "1 trillion won ($751 million) profit club" for the first time in 2023, powered by a near doubling of its energy...
Jan 30, 2024 (Gmt+09:00)
1 Min read -
Earnings
Hyosung Advanced Materials' operating profit down 45% in 2023
Hyosung Advanced Materials announced on Monday that its operating profit for last year on a consolidated basis was 172.4 billion won ($129 million), ...
Jan 29, 2024 (Gmt+09:00)
1 Min read -
Earnings
LG Energy leaves 2024 capex unchanged despite softer demand
LG Energy Solution Ltd. will break through the anticipated slowdown in global electric vehicle demand this year with enhanced technology leadership a...
Jan 26, 2024 (Gmt+09:00)
3 Min read
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