Earnings
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Earnings
SK Telecom to further develop AI, its growth driver in Q1
SK Telecom Co. beat market expectations for its first-quarter earnings thanks to its robust non-telecom businesses and vowed to continue to bolster i...
May 10, 2023 (Gmt+09:00)
3 Min read -
Earnings
Coupang reports third profitable quarter in a row
South Korea’s Coupang Inc. on Wednesday reported three quarters of consecutive profits, calming investors' concerns about its cumulative losses...
May 10, 2023 (Gmt+09:00)
2 Min read -
Earnings
Poshmark powers Naver earnings; HyperCLOVA X the next booster
South Korea’s online giant Naver Corp. reported better-than-expected quarterly earnings thanks to strong sales of Poshmark Inc. in the US. It a...
May 09, 2023 (Gmt+09:00)
2 Min read -
Earnings
SK Innovation’s battery sales at record high, production yield improved
SK Innovation Co. said on Thursday its battery affiliate SK On Co. posted record quarterly sales following a facility ramp-up in the US to meet risin...
May 04, 2023 (Gmt+09:00)
3 Min read -
Earnings
HYBE logs record-high Q1 profit despite BTS break
South Korea’s HYBE Co. behind global sensation BTS on Tuesday reported a 41.5% surge in first-quarter profit, driven by BTS members’ outs...
May 02, 2023 (Gmt+09:00)
2 Min read -
Earnings
Korean builders fare well in Q1 with overseas projects
South Korea’s leading construction companies, led by Hyundai Engineering & Construction Co. (Hyundai E&C), posted modest operating prof...
Apr 28, 2023 (Gmt+09:00)
1 Min read -
Earnings
LG Elec’s home appliance unit hits record-high profit in Q1
The home appliance division of LG Electronics Inc. posted its largest ever quarterly profit in the January-March period, exceeding the 1 trillion won...
Apr 27, 2023 (Gmt+09:00)
2 Min read -
Earnings
POSCO Int’l Q1 operating profit up 30% with merged energy affiliate
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., reported a 30% on-...
Apr 27, 2023 (Gmt+09:00)
2 Min read -
Earnings
Samsung bets on H2 recovery with heavy spending after record chip losses
Samsung Electronics Co. on Thursday reported its worst quarterly loss for its semiconductor business, but echoed the widely held industry view that t...
Apr 27, 2023 (Gmt+09:00)
4 Min read -
Earnings
Kia expects stellar Q2 after reporting record operating profit in Q1
Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter a...
Apr 26, 2023 (Gmt+09:00)
4 Min read -
Earnings
SK Hynix expects second-half market recovery after record Q1 loss
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it expects the global semiconductor market to rebound in the seco...
Apr 26, 2023 (Gmt+09:00)
3 Min read -
Earnings
Hyundai Motor to pay quarterly dividends with record Q1 profit
Hyundai Motor Co. on Tuesday reported its largest-ever quarterly profit, which soared a whopping 86.3% from a year earlier, while unveiling a plan to...
Apr 25, 2023 (Gmt+09:00)
3 Min read -
Earnings
Korean auto parts makers’ earnings ride on electrification push
South Korea’s major automotive parts makers are expected to post decent growth in their first-quarter sales and earnings on the back of their d...
Apr 25, 2023 (Gmt+09:00)
3 Min read -
Earnings
S.Korea’s Woori Financial profit up on interest rate margins
Woori Financial Group, South Korea’s fourth-largest financial holding company, logged growth in a quarterly net profit as larger interest rate ...
Apr 25, 2023 (Gmt+09:00)
1 Min read -
Banking & Finance
Korean banks’ profits hamstrung by tighter rules, consumer behavior
South Korea’s commercial banks usually post decent earnings driven by high interest income when the country’s policy interest rates are o...
Apr 18, 2023 (Gmt+09:00)
3 Min read -
Korean chipmakers
DRAM prices rebound on Samsung output cut; earlier recovery eyed
Memory chip prices are staging a rebound for the first time in more than a year following Samsung Electronics Co.'s near-term production cut, boostin...
Apr 12, 2023 (Gmt+09:00)
3 Min read -
Earnings
LG Electronics eyes solid Q2 results after Q1 earnings surprise
LG Electronics Inc. is expected to report solid earnings for the second quarter after its first-quarter operating profit beat market expectations and...
Apr 09, 2023 (Gmt+09:00)
3 Min read -
Earnings
LG Energy’s Q1 profit soars on gains from US battery tax credits
LG Energy Solution Ltd., the world’s second-largest battery maker, said on Friday its first-quarter operating profit likely more than doubled, ...
Apr 07, 2023 (Gmt+09:00)
2 Min read -
Earnings
Samsung’s chip output cut: Boon for industry, price rebound
Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday it is curtailing chip production after its semiconductor business...
Apr 07, 2023 (Gmt+09:00)
4 Min read -
Automobiles
Hyundai Motor to emerge as Korea’s highest earner, beating Samsung
Hyundai Motor Co. will likely emerge as South Korea’s top profit maker in the first quarter, driven by robust sales of pricey cars, pushing pas...
Apr 03, 2023 (Gmt+09:00)
3 Min read -
Earnings
KB, Hana drive major S.Korean overseas banking profits lower
KB Kookmin Bank and Hana Bank led weaker earnings of the four largest South Korean lenders’ overseas units last year although their rivals Shin...
Mar 22, 2023 (Gmt+09:00)
3 Min read -
Earnings
POSCO Int’l logs highest revenue for group affiliate in 2022
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., logged the highest...
Mar 13, 2023 (Gmt+09:00)
1 Min read -
Earnings
Korean e-commerce Coupang logs profits in Q3-Q4 2022
South Korean e-commerce giant Coupang Inc. achieved record-high yearly revenue and operating profits for two consecutive quarters between July to Dec...
Mar 01, 2023 (Gmt+09:00)
3 Min read -
Earnings
Korea's Hansol Technics enjoys profit on chip equipment unit
Hansol Technics Co., a South Korean company that makes modules for liquid crystal display (LCD) and solar panels, boosted earnings last year thanks t...
Feb 21, 2023 (Gmt+09:00)
1 Min read -
Earnings
Hanwha Solutions projects over $778 mn operating profit in 2023
Hanwha Solutions Corp. projects its operating profit for this year would exceed 1 trillion won ($778 million) on an anticipated solar energy boom in ...
Feb 16, 2023 (Gmt+09:00)
2 Min read -
Aerospace & Defense
KAI expects 2023 sales to grow by a third, driven by fighter jets
Korea Aerospace Industries Ltd. (KAI), South Korea’s sole military aircraft manufacturer, said on Wednesday it aims to achieve 3.83 trillion wo...
Feb 15, 2023 (Gmt+09:00)
1 Min read -
Petrochemicals
Lotte Fine Chemical transforms from ugly duckling to golden swan
For Samsung Group, the fine chemicals business was an ugly duckling losing money while other affiliates, including Samsung Electronics Co., were flus...
Feb 13, 2023 (Gmt+09:00)
2 Min read -
Earnings
HMM’s operating profit to fall 80% in 2023 on easing freight rates
South Korea’s sea flag carrier HMM Co. is expected to suffer an over-80% plunge in operating profit this year due to a downward spiral in conta...
Feb 13, 2023 (Gmt+09:00)
1 Min read -
Earnings
S.Korea game sector remains in dark after poor earnings
South Korea’s game publishers reported dismal quarterly earnings, deepening concerns over their outlook this year amid doubts over measures suc...
Feb 10, 2023 (Gmt+09:00)
2 Min read
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