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SK Telecom Q3 Net Profit Down 66.7 pct After Spinoff of Chip Biz

SK Telecom Q3 Net Profit Down 66.7 pct After Spinoff of Chip Biz

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 [...]

KT Q3 Net Profit Down 3.4 pct amid Operating Cost Increase

KT Q3 Net Profit Down 3.4 pct amid Operating Cost Increase

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 [...]

Online Lender K-Bank’s Net Profit Hits Record High in Q3

Online Lender K-Bank’s Net Profit Hits Record High in Q3

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 [...]

LG Uplus Q3 Net Income Down 19.1 pct to 170.8 bln Won on Interest Costs

LG Uplus Q3 Net Income Down 19.1 pct to 170.8 bln Won on Interest Costs

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 [...]

Korean Air Q3 Net Profit More than Triples on Booming Travel Demand

Korean Air Q3 Net Profit More than Triples on Booming Travel Demand

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 [...]