SEOUL, Nov. 14 (Korea Bizwire) — Korean Air Co., South Korea’s biggest carrier, said Monday its third-quarter net profit more than tripled from a year earlier on recovering travel demand amid eased virus curbs. On a consolidated basis, net profit for the three months ended in September jumped to 374.26 billion won (US$285 million) from [...]
SEOUL, Nov. 11 (Korea Bizwire) — The state-run Korea Electric Power Corp. said Friday its net losses deepened in the third quarter from a year earlier on higher fuel costs and limited electricity rate hikes. The consolidated net losses widened to 7.53 trillion won (US$5.66 billion) in the July-September period, compared with a loss of [...]
SEOUL, Nov. 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Thursday its third-quarter net profit dropped 66.7 percent from a year earlier due mainly to last year’s spinoff of its semiconductor businesses. The company logged a net profit of 245.6 billion won (US$180.4 million) on a consolidated basis in the [...]
SEOUL, Nov. 10 (Korea Bizwire) — E-commerce giant Coupang Inc. said Thursday it swung to the black in the third quarter for the first time since 2014, when it introduced its ultrafast delivery service, Rocket Delivery. Net income came to US$90.7 million in the July-September period, compared with a net loss of $324 million during [...]
SEOUL, Nov. 8 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Tuesday its third-quarter net profit fell 3.4 percent from a year earlier due to an increase in operating expenses. KT’s net income amounted to 326.2 billion won (US$235.5 million) on a consolidated basis in the July-September period, compared with 337.7 [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korean online lender K-Bank said Monday its net profit hit a record high in the third quarter on higher operational efficiency and stayed in the black for five straight quarters. Net profit stood at 25.6 billion won (US$18.2 million) in the July-September period, up 52.4 percent from a [...]
SEOUL, Nov. 7 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Monday its third quarter sales topped 2 trillion won (US$708.7 billion) for the first time in two years on robust growth in its content business. The company said in a regulatory filing that its sales reached 2.05 trillion won for the [...]
SEOUL, Nov. 4 (Korea Bizwire) — LG Uplus Corp. on Friday reported its third-quarter net profit of 170.8 billion won (US$119.6 million), down 19.1 percent from a year earlier, due to increased interest costs. Operating income for the July-September period was 285.1 billion won, up 3 percent from a year ago, the company said in [...]
SEOUL, Nov. 3 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Thursday its third-quarter net profit more than tripled on recovering travel demand following eased antivirus curbs. Net income for the three months that ended in September amounted to 431.4 billion won (US$302.6 million), up from 134 billion won tallied [...]
SEOUL, Nov. 3 (Korea Bizwire) — Hybe, the entertainment company behind K-pop superstars BTS, on Thursday reported a revenue of 445.5 billion won (US$314 million) for the third quarter of the year, up 30.6 percent from a year ago. It marks the highest-ever third-quarter sales in the company’s history. The record gains were a result [...]