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Hyundai, Kia’s Total Sales of Eco-friendly Cars Top 3 mln Units

Hyundai, Kia’s Total Sales of Eco-friendly Cars Top 3 mln Units

SEOUL, June 19 (Korea Bizwire) — Hyundai Motor Co. and Kia Corp. saw the total sales of their eco-friendly cars exceed 3 million units, industry data showed Sunday, 13 years after they began rolling out hybrid vehicles. South Korea’s top automaker and its affiliate sold 393,509 eco-friendly cars, including plug-in hybrid and all-electric vehicles, in [...]

LG Uplus’ Q1 Net Down 15.2 pct from Decreased Handset-related Margins

LG Uplus’ Q1 Net Down 15.2 pct from Decreased Handset-related Margins

SEOUL, May 13 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said its first-quarter net profit slumped 15.2 percent from a year earlier due to decreased profits related to handset sales. LG Uplus logged a net profit of 170.4 billion won (US$132.2 million) on a consolidated basis in the three months ending [...]

KT’s Q1 Net Profit Up 39.5 pct, Led by Growth of Media, Enterprise Services

KT’s Q1 Net Profit Up 39.5 pct, Led by Growth of Media, Enterprise Services

SEOUL, May 12 (Korea Bizwire) — KT Corp., South Korea’s No. 2 telecom operator, said Thursday its first quarter net profit increased 39.5 percent thanks to strong performances across its media, mobile commerce and enterprise products. The company said in a regulatory filing that its net profit for the January-March period stood at 455.4 billion [...]

E-commerce Giant Coupang’s Q1 Loss Narrows on Bumper Sales

E-commerce Giant Coupang’s Q1 Loss Narrows on Bumper Sales

SEOUL, May 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Thursday its first-quarter operating loss narrowed sharply from a year earlier thanks to record sales. Its operating loss stood at US$205.7 million in the January-March period, down 23 percent from a year earlier, the New York-listed e-commerce behemoth said in a regulatory [...]

SK Telecom Q1 Net Income Down 61.5 pct Due to Exclusion of SK hynix Equity Gains

SK Telecom Q1 Net Income Down 61.5 pct Due to Exclusion of SK hynix Equity Gains

SEOUL, May 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest mobile carrier, said Tuesday its first-quarter net profit dropped 61.5 percent from a year earlier due mainly to the exclusion of equity gains from chipmaker SK hynix Inc., which was handed over to a spinoff investment company last year. The company said in [...]