Earnings & Sales Archives | Be Korea-savvy

Archive by category Earnings & Sales

Samsung BioLogics Tops Swiss Drug Giant Lonza in Market Cap

Samsung BioLogics Tops Swiss Drug Giant Lonza in Market Cap

SEOUL, Sept. 20 (Korea Bizwire) — South Korean biopharmaceutical maker Samsung BioLogics Co. has overhauled Swiss drug behemoth Lonza in terms of market value though its sales remain dwarfed by the latter’s top line, industry sources said Wednesday. The market capitalization of Samsung BioLogics, a unit of South Korea’s top conglomerate Samsung Group, came to [...]

Hyundai Merchant Seeing Business Improvement

Hyundai Merchant Seeing Business Improvement

SEOUL, Sept 19 (Korea Bizwire) — Hyundai Merchant Marine Co., South Korea’s top shipping firm, is seeing its business performance improve sharply on the back of reduced costs and increased profit, its chief said Tuesday. “Compared to last year, our performance is improving significantly, based on a virtuous cycle of reduced costs and expanded profit,” [...]

Tsingtao Beer Popularity Grows in S. Korea Despite Diplomatic Row: Sources

Tsingtao Beer Popularity Grows in S. Korea Despite Diplomatic Row: Sources

SEOUL, Sept. 19 (Korea Bizwire) — Sales of China’s Tsingtao beer have risen sharply in South Korea in recent months despite South Korean firms being hit by Beijing’s retaliation against Seoul for the deployment of a U.S. missile defense system on its soil, industry sources said Tuesday. Beijing insists the installation of the Terminal Altitude [...]

Korean Chipmakers’ Sales to Top 100 tln Won in 2017

Korean Chipmakers’ Sales to Top 100 tln Won in 2017

SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s top two chipmakers — Samsung Electronics Co. and SK hynix Inc. — are set to see their combined annual sales exceed 100 trillion won (US$88.3 billion) this year on the back of an industry boom, industry sources said Monday. The outlook came as Samsung and SK hynix, [...]

Starbucks Set to Post Record Operating Profits in Korea in 2017: Sources

Starbucks Set to Post Record Operating Profits in Korea in 2017: Sources

SEOUL, Sept. 12 (Korea Bizwire) — Operating profits of Starbucks Coffee Korea are expected to exceed 100 billion won (US$88.4 million) this year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Tuesday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 52.8 billion won in operating [...]

Asiana Bent on Turnaround amid THAAD Row, Competition

Asiana Bent on Turnaround amid THAAD Row, Competition

SEOUL, Sept. 4 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest passenger carrier, is struggling to improve its business amid an ongoing diplomatic row over the deployment of a missile defense system here and increased competition with budget carriers, industry sources said Monday. Under its three-year restructuring plan that ends in December 2018, Asiana [...]

Top 30 Groups Suffer Sales Drop, Higher Costs Over 6 years

Top 30 Groups Suffer Sales Drop, Higher Costs Over 6 years

SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s top 30 conglomerates have seen their sales growth and profitability worsen over the past six years amid increased costs, a report showed Thursday. Per capita sales of 164 listed companies belonging to the leading business groups fell at an annual average rate of 1.8 percent between 2011 [...]