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SK hynix’s Q2 Net Hits Record High on Strong Chip Sales

SK hynix’s Q2 Net Hits Record High on Strong Chip Sales

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 [...]

S. Korea Accounts for 10 pct of Samsung’s 2016 Revenue

S. Korea Accounts for 10 pct of Samsung’s 2016 Revenue

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 [...]

Foreign Ownership of Stocks Hit All-time High amid Sound Corporate Earnings: Data

Foreign Ownership of Stocks Hit All-time High amid Sound Corporate Earnings: Data

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 [...]

Samsung Posts Surprise, Record-high Operating Profit for Q2

Samsung Posts Surprise, Record-high Operating Profit for Q2

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 [...]

Major Refiners Bask in Decent Q1 Profit, Set to See Another Opbeat Result

Major Refiners Bask in Decent Q1 Profit, Set to See Another Opbeat Result

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 [...]

Samsung Logs Record DRAM Market Share in Q2

Samsung Logs Record DRAM Market Share in Q2

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 [...]