SEOUL, Jan. 28 (Korea Bizwire) — SK Innovation Co., the energy and chemical affiliate of South Korean conglomerate SK Group, said Friday it swung to the black in the fourth quarter from a year earlier on strong petrochemical demand and electric vehicle (EV) battery sales. Net income came to 163.4 billion won (US$135.7 million) in [...]
SEOUL, Jan. 28 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Friday it shifted to black in the fourth quarter from a year earlier on the back of growth in media service and 5G network subscriptions. Net income for the October-December period stood at 101.8 billion won (US$84.5 million), marking a [...]
SEOUL, Jan. 27 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Thursday it swung to a net profit last year as increased cargo deals offset a sharp decline in travel demand amid the extended COVID-19 pandemic. Korean Air shifted to a net profit of 638.69 billion won (US$530 million) in 2021 [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. on Thursday said its operating profit fell 21 percent in the fourth quarter from a year earlier due to a hike in logistics and raw material costs and weaker-than-expected holiday spending on home appliances. Operating profit slumped to 677.7 billion won (US$563 million) in the October-December [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korean battery maker Samsung SDI Co. said Thursday its net profit rose 14.6 percent in the fourth quarter from a year earlier, backed by solid growth in EV battery sales. Net income came to 391.6 billion won (US$325.6 million) in the October-December period, compared with a profit of [...]
SEOUL, Jan. 27 (Korea Bizwire) — Samsung Electronics Co. on Thursday reported strong fourth-quarter earnings on robust chip business and brisk sales of consumer electronics. Net profit rose 64.04 percent from a year earlier to 10.8 trillion won (US$9 billion) in the October-December period, the world’s largest memory chip and smartphone vendor said in a [...]
SEOUL, Jan. 27 (Korea Bizwire) — South Korea’s top internet portal operator, Naver Corp., said Thursday its net profit jumped nearly 20 times in 2021 from the previous year on the back of the non-contact trend amid the COVID-19 pandemic. Naver’s net profit reached 16.41 trillion won (US$13.7 billion) last year, compared with a net [...]
SEOUL, Jan. 26 (Korea Bizwire) — LG Display Co., a South Korean major display panel maker, said Wednesday that its fourth quarter net income dropped 70.8 percent from a year earlier on declining LCD TV panel prices and one-off cost factors. Net profit for the three months ended in December came to 179.5 billion won [...]
SEOUL, Jan. 26 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Wednesday its fourth-quarter net profit rose 30 percent from a year earlier on a weak won and increased SUV sales. Net profit for the three months ended in December jumped to 1.248 trillion won (US$1.04 billion) from 961.6 billion won during the [...]
SEOUL, Jan. 25 (Korea Bizwire) — SsangYong Motor Co., the South Korean unit of Indian carmaker Mahindra & Mahindra Ltd., said Tuesday it inked narrowed losses last year but remains in a complete capital erosion. Net losses narrowed to 292.9 billion won (US$244 million) in 2021 from 504.34 billion won a year earlier on companywide [...]