SEOUL, Jul. 27 (Korea Bizwire) — Samsung Electronics Co. on Thursday said its second-quarter net profit advanced 89 percent on-year to set a new record, apparently helped by strong returns from its chip business amid an industrywide boom. Net profit came to 11 trillion won (US$9.8 billion), rising sharply from 5.8 trillion won posted a [...]
SEOUL, Jul. 25 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix Inc. said Tuesday its second-quarter net profit shot up nearly ninefold, apparently helped by a strong average sales price of dynamic random-access memory (DRAM) and NAND chips. The record-breaking net profit came to 2.46 trillion won (US$2.2 billion), soaring from 286 billion [...]
SEOUL, Jul. 24 (Korea Bizwire) — South Korea accounted for around 10 percent of Samsung Electronics Co.’s combined sales last year, similar to the previous year’s figure, reflecting the tech giant’s expanding presence overseas, its report showed Monday According to the business report released by Samsung Electronics, 20.2 trillion won (US$18 billion) of its combined [...]
SEOUL, Jul. 13 (Korea Bizwire) — Foreign ownership of South Korean stocks hit a record high recently, buttressed by sound corporate earnings and expectations of a global economic recovery, market data showed Thursday. The market capitalization of stocks held by foreigners stood at 602 trillion won (US$528 billion) as of Tuesday, the largest ever according [...]
SEOUL, Jul. 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. predicted Friday that its second-quarter operating profit shot up nearly 72 percent on-year to post a record-high quarterly level, apparently helped by the robust performance of its chip business. The stronger-than-expected operating profit was estimated at 14 trillion won (US$12.1 billion), compared [...]
SEOUL, May 15 (Korea Bizwire) — Sales of plug-in hybrid electric vehicles (PHEVs) have yet to pick up in South Korea, mostly due to high prices and lack of consumer recognition, industry officials said Sunday. Hyundai Motor sold 37 units of its Ioniq plug-ins in April, the best monthly sales since the model’s launch in [...]
SEOUL, May 15 (Korea Bizwire) — South Korean oil refiners, led by top player SK Innovation Co., logged decent earnings in the first quarter of the year on the back of robust petrochemical business, and expect their bottom line to remain firm under the current quarter thanks to the recovery of their refining margin, industry [...]
SEOUL, Apr. 28 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering Co., a troubled shipbuilder here, said Thursday that it swung to the black in the first quarter of the year from a year earlier, largely thanks to cost-cutting measures. Net profit reached 261 billion won (US$230 million) in the January-March period, compared to a [...]
SEOUL, Oct. 13 (Korea Bizwire) — South Korea’s tech titan Samsung Electronics Co. posted a record share of the global dynamic random access memory (DRAM) market in the second quarter, data showed Tuesday, reflecting the rising presence of chips in its business portfolio. Samsung’s share of the global DRAM market came to 45.2 percent of [...]
SEOUL, Jul. 20 (Korea Bizwire) — South Korea’s top automaker Hyundai Motor Co. said Sunday it clinched an average market share of over 10 percent in Brazil, Russia, India and Mexico, or BRIMs, in the first half of this year. Hyundai Motor sold a combined 415,006 vehicles in the four countries in the January-June period, up [...]