SEOUL, Jan. 28 (Korea Bizwire) — Samsung Biologics Co., the biotech arm of South Korea’s Samsung Group, said Friday its 2022 net income more than doubled on strong overseas sales of its biomedicine products after its takeover of Samsung Bioepis Co. Its net income reached 798.1 billion won (US$648.1 million) in 2022, up 102.8 percent [...]
SEOUL, Jan. 28 (Korea Bizwire) — POSCO Holdings Inc. on Friday said its net profit halved last year from a year earlier largely due to a typhoon in September and an industry downturn. Net profit reached 3.6 trillion won (US$2.92 billion) on a consolidated basis last year, compared with a net profit of 7.2 trillion [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. said Friday its operating profit for the fourth quarter nosedived more than 90 percent on a drop in demand for home appliances and rising promotion cost amid global macroeconomic woes. The tech firm said operating income for the three months ending in December fell 90.7 percent [...]
SEOUL, Jan. 27 (Korea Bizwire) — POSCO Chemical Co., a major South Korean manufacturer of secondary battery materials, said Friday it posted record-high operating profit last year, boosted by solid demand for electric vehicle (EV) battery components. Operating income reached 165.9 billion won (US$134.7 million) in the January-December period, up 36.3 percent from the previous [...]
SEOUL, Jan. 27 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Friday its fourth-quarter net profit soared 63 percent from a year earlier on improved chip supplies, strong demand for its high-end SUVs and a weak won. Net profit for the three months ended Dec. 31 jumped to 2.037 trillion won (US$1.65 billion) [...]
SEOUL, Jan. 27 (Korea Bizwire) – LG Energy Solution Ltd. (LGES) said Friday it is aiming for a revenue target increase in the range of 25-30 percent for 2023 from last year, as it posted record earnings last year on the back of solid growth in the global electric vehicle (EV) market. That amounts to [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Display Co. reported its third consecutive quarterly loss Friday on weak demand for its panel products and falling prices. The major panel maker reported an operating loss of 875.7 billion won (US$709.3 million) for the fourth quarter, compared with a profit of 476.4 billion won a year ago, [...]
SEOUL, Jan. 26 (Korea Bizwire) — Hyundai Motor Co. said Thursday its fourth-quarter net profit more than doubled from a year earlier on improved chip supplies, strong demand for its high-end SUVs and a weak won. Net profit for the three months ended Dec. 31 jumped to 1.709 trillion won (US$1.38 billion) from 701.37 billion [...]
SEOUL, Jan. 25 (Korea Bizwire) — LG Innotek Co., an IT parts manufacturer, on Wednesday said its net profit for 2022 rose more than 10 percent, helped by robust sales of high-value products and growing demand from automotive components customers. In a regulatory filing, LG Innotek, Apple’s largest partner in the field of optics, reported [...]
SEOUL, Jan. 20 (Korea Bizwire) — POSCO Holdings Inc. on Friday said its operating income nearly halved last year from a year earlier largely due to a typhoon in September and an industry downturn. Its operating income stood at 4.9 trillion won (US$3.96 billion) last year, sharply down from an operating income of 9.2 trillion [...]