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SK hynix Posts Worst Profit in Over 3 Years in Q3 on Weak Memory Chips

SK hynix Posts Worst Profit in Over 3 Years in Q3 on Weak Memory Chips

SEOUL, Oct. 24 (Korea Bizwire) — SK hynix Inc. said Thursday its net profit for the third quarter dipped to the lowest level in more than three years on weak memory chip prices and global demand, but said it expected the memory industry to recover next year on adoption of 5G smartphones. The net profit [...]

In-flight Duty-free Sales Rise Despite Opening of Airport Duty-free Stores

In-flight Duty-free Sales Rise Despite Opening of Airport Duty-free Stores

SEJONG, Oct. 13 (Korea Bizwire) — In-flight duty-free sales rose between June and September this year, data showed Sunday, defying market expectations that they may decline after the opening of on-arrival duty-free shops. South Korea’s first on-arrival duty-free stores opened at Incheon International Airport in late May in a bid to reduce discomfort experienced by [...]

Samsung Electronics’ Q3 Earnings More than Halve, Beat Market Consensus

Samsung Electronics’ Q3 Earnings More than Halve, Beat Market Consensus

SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its operating earnings plunged 56 percent in the third quarter from a year earlier, mainly hit by continuing falls in global chip prices, but its performance was better than the market had expected. The operating profit was estimated at 7.7 trillion won (US$6.4 billion) [...]

Mercedes-Benz Outshines in Korean Auto Market in September

Mercedes-Benz Outshines in Korean Auto Market in September

SEOUL, Oct. 6 (Korea Bizwire) — Mercedes-Benz ranked third in September sales after Hyundai Motor Co. and Kia Motors Corp., beating three other domestic carmakers, industry data showed Sunday. The German carmaker sold 7,707 vehicles in the Korean passenger car market last month, a whopping rise from 1,943 units a year earlier, according to data [...]

Eco-friendly Auto Sales Shoot Up 22 pct Through Aug.

Eco-friendly Auto Sales Shoot Up 22 pct Through Aug.

SEOUL, Sept. 29 (Korea Bizwire) — Sales of eco-friendly autos in South Korea surged 22 percent in the first eight months of the year, driven by demand from fuel-conscious consumers and hefty state subsidies, industry data showed Sunday. According to the data compiled by the Korea Automobile Manufacturers Association (KAMA), 69,834 eco-friendly cars were sold [...]