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LG Uplus Q3 Net Dips 32.1 pct on 5G Investment

LG Uplus Q3 Net Dips 32.1 pct on 5G Investment

SEOUL, Nov. 1 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Friday its net profit dropped 32.1 percent in the third quarter from a year earlier due to increased spending for 5G infrastructure buildup and marketing. Net profit stood at 104.5 billion won (US$89.5 million) in the July-September period, compared [...]

SK Telecom Q3 Net Dips 73.9 pct on Equity Losses

SK Telecom Q3 Net Dips 73.9 pct on Equity Losses

SEOUL, Oct. 31 (Korea Bizwire) — SK Telecom Co. said Thursday its third-quarter net income plunged due to equity losses of its chip-making subsidiary, while its operating profit remained mostly unchanged from the previous year. Its net income tumbled 73.9 percent to 274.4 billion won (US$236 million) in the July-September period compared with a year [...]

LG Electronics Q3 Net Down 30.5 pct on Sluggish Mobile Biz

LG Electronics Q3 Net Down 30.5 pct on Sluggish Mobile Biz

SEOUL, Oct. 30 (Korea Bizwire) — LG Electronics Inc. said Wednesday its third-quarter net profit dropped 30.5 percent from a year earlier due to its lackluster mobile business. The South Korean electronics maker said its net earnings stood at 345.7 billion won (US$296 million) in the July-September period, compared with 497.1 billion won a year [...]

Hyundai, Kia on Track to Achieve 2019 Targets After Solid Q3 Results

Hyundai, Kia on Track to Achieve 2019 Targets After Solid Q3 Results

SEOUL, Oct. 24 (Korea Bizwire) — Hyundai Motor Co. and Kia Motors Corp., South Korea’s two biggest carmakers, are on track to achieve their annual sales targets after reporting solid third-quarter figures on a weak won and robust sales of sport-utility vehicles. Hyundai Motor and Kia Motors, which together form the world’s fifth-biggest carmaker by [...]

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 [...]