Earnings
Earnings
Korean listed firms’ Q4 results miss forecast by big margin
Feb 10, 2023 (Gmt+09:00)
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Earnings
Fintech firm Kakao Pay logs first yearly net profit in 2022
Kakao Pay Corp., the mobile payment service unit of South Korean tech giant Kakao Corp., posted a net profit last year for the first time since its i...
Feb 08, 2023 (Gmt+09:00)
1 Min read -
Earnings
Korea refiners swing to Q4 loss amid windfall tax calls
South Korean refiners such as SK Innovation Co. and S-Oil Corp. are estimated to incur a combined loss of over 1 trillion won ($800 million) in the f...
Feb 07, 2023 (Gmt+09:00)
2 Min read -
Bio & Pharma
Korean biopharma, biotech companies scale up as sales balloon
South Korea’s biotech and biopharmaceutical companies are growing big with their sales rising above 1 trillion won ($796 million) last year on ...
Feb 07, 2023 (Gmt+09:00)
3 Min read -
Earnings
SKC eyes M&As in semiconductor, rechargeable battery materials
SKC Inc., a South Korean chemical materials company under SK Group, is seeking to buy semiconductor and rechargeable battery materials companies in t...
Feb 06, 2023 (Gmt+09:00)
2 Min read -
Earnings
LG Uplus narrows operating profit gap with bigger rivals in 2022
LG Uplus Corp., South Korea’s third-largest mobile carrier, reported more than 1 trillion won ($814.2 million) in operating profit in 2022 for ...
Feb 03, 2023 (Gmt+09:00)
2 Min read -
Earnings
Meritz Securities poised to become Korea’s No. 1 for first time
Meritz Securities Co., once a mid-tier securities firm in South Korea, is expected to command the local market as No. 1 after earning more than 1 tri...
Feb 03, 2023 (Gmt+09:00)
2 Min read -
Earnings
SK Hynix to halve investment after posting first quarterly loss in decade
SK Hynix Inc., the world’s second-largest memory chipmaker, said on Wednesday it will significantly slash its investment for this year after po...
Feb 01, 2023 (Gmt+09:00)
4 Min read -
Earnings
Samsung Display enjoys record profit on Apple iPhone 14
Samsung Display Co., South Korea’s top display maker, said its profit soared by a third to a record high as it supplied high-end products to Ap...
Jan 31, 2023 (Gmt+09:00)
1 Min read -
Earnings
Hyundai Mobis bags record $4.6 bn orders from global carmakers
South Korea's Hyundai Mobis, a key affiliate of Hyundai Motor Group, last year enjoyed its best year in orders received from abroad.The company on Tu...
Jan 31, 2023 (Gmt+09:00)
1 Min read -
Earnings
Samsung to advance solid-state battery output after record sales
South Korea’s Samsung SDI Co. reported its largest-ever profit and revenue last year, which will drive its efforts to produce solid-state batte...
Jan 31, 2023 (Gmt+09:00)
3 Min read -
Earnings
Samsung vows no chip output cut, eyes second-half demand recovery
Samsung Electronics Co. said on Tuesday it has no plans to cut semiconductor production even if it incurs temporary losses as the world’s large...
Jan 31, 2023 (Gmt+09:00)
5 Min read -
Earnings
Samsung Biologics’ profit near doubles on strong orders
Samsung Biologics Co., the world’s top contract drugmaker, said its profit almost doubled last year thanks to more orders as its sales surged a...
Jan 29, 2023 (Gmt+09:00)
1 Min read -
Korean chipmakers
Samsung considers chip output cut as first-quarter loss looms large
Samsung Electronics Co., the world’s largest memory chipmaker, is considering slashing its semiconductor production as the company is heading f...
Jan 27, 2023 (Gmt+09:00)
3 Min read -
Earnings
Hyundai vows $8.5 billion investment after record 2022 sales, profit
South Korea’s top automaker Hyundai Motor Co. said on Thursday it will spend 10.5 trillion won ($8.5 billion) this year to ramp up facilities f...
Jan 26, 2023 (Gmt+09:00)
3 Min read -
Earnings
LG Innotek, Samsung Electro-Mechanics Q4 profit disappoint
LG Innotek Co. and Samsung Electro-Mechanics Co., two major South Korean suppliers for Apple’s iPhone, on Wednesday reported more than a 60% pl...
Jan 25, 2023 (Gmt+09:00)
1 Min read -
Energy
Korean oil refiners to bask in record profits with hefty bonuses
Employees at South Korea’s oil refiners are expected to receive hefty bonuses after their companies posted record earnings last year amid high...
Jan 25, 2023 (Gmt+09:00)
2 Min read -
Earnings
POSCO turns to red in Q4 on typhoon, weak steel demand
POSCO Holdings Inc., the holding company of South Korea’s top steelmaker, turned to the red in the fourth quarter of 2022 hit by a typhoon and ...
Jan 20, 2023 (Gmt+09:00)
2 Min read -
Earnings
Samsung’s Q4 profit tumbles; cuts 2023 chip profit forecast by half
Samsung Electronics Co., the world’s largest memory chip and smartphone maker, posted its worst quarterly operating profit in eight years on Fr...
Jan 06, 2023 (Gmt+09:00)
3 Min read -
Earnings
Samsung SDS records record-high share of overseas sales of 71%
The overseas sales of South Korea's Samsung SDS comprises 71% of overall revenue, the highest rate since the company launched its business process ou...
Nov 23, 2022 (Gmt+09:00)
1 Min read -
Earnings
South Korea's listed companies suffer 26% drop in operating profit in Q3
South Korea's companies listed on the main stock exchange Kospi in this year's third quarter saw operating profit drop 26% from the same period last ...
Nov 17, 2022 (Gmt+09:00)
1 Min read -
Earnings
LG CNS earns $2.3 billion in year's first 3 quarters
South Korea's information and communications technology (ICT) corporation LG CNS, which seeks an initial public offering (IPO), has set a company rec...
Nov 15, 2022 (Gmt+09:00)
1 Min read -
Earnings
KEPCO to see record loss 2022 on slower power tariff hikes
Korea Electric Power Corp. (KEPCO), the state-run utility, is set to suffer a record operating loss this year with a shortfall mounting to the second...
Nov 11, 2022 (Gmt+09:00)
1 Min read -
Earnings
Celltrion's Q3 earnings boosted by Remsima sales in Europe
South Korean biopharmaceutical giant Celltrion Inc. announced 654.6 billion won ($478.2 million) in revenue and 213.8 billion won in operating profit...
Nov 09, 2022 (Gmt+09:00)
1 Min read -
Earnings
Korea's Walkerhill Hotels and Resorts posts 1st surplus in 11 quarters
South Korea's Walkerhill Hotels and Resorts, run by SK Networks, has returned to the black after two years and nine months thanks to growth in the nu...
Nov 09, 2022 (Gmt+09:00)
2 Min read -
Earnings
Lotte Chemical posts deficit for second straight quarter
Lotte Chemical on Tuesday announced that it suffered 423.9 billion won ($308 million) in operating loss on a consolidated basis in the third quarter,...
Nov 09, 2022 (Gmt+09:00)
1 Min read -
Earnings
KT posts highest Q1-Q3 operating profit since 2012
KT Corp., South Korea’s major telecommunications firm, posted 1.5 trillion won ($1.1 billion) in cumulative operating profit for the first thre...
Nov 08, 2022 (Gmt+09:00)
2 Min read -
Earnings
Naver posts record 3Q sales boosted by content and commerce
South Korea's leading web portal Naver reported record-high sales in the third quarter thanks to surging growth in its content sector, including the ...
Nov 07, 2022 (Gmt+09:00)
1 Min read -
Earnings
Kakao's Q3 profit drops 12% on games, data center construction
South Korea’s mobile platform giant Kakao Corp. announced its third-quarter earnings on Nov. 3, including quarterly operating profit of 150.3 b...
Nov 04, 2022 (Gmt+09:00)
2 Min read -
Earnings
Korean Air soars with best quarterly results in its history
Korean Air is flying high after breaking its quarterly record for the second time this year thanks to growing profits from passenger flights as well ...
Nov 04, 2022 (Gmt+09:00)
1 Min read
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