SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s Hyundai Motor Group said Monday it ranked third in first-half global vehicle sales on increased high-end model sales despite the lack of automotive chips. Hyundai Motor Co., its independent Genesis brand and Hyundai’s smaller affiliate Kia Corp. sold a total of 3.299 million vehicles in global markets [...]
SEOUL, Aug. 13 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Friday it shifted to a net loss in the second quarter from a year earlier on increased foreign-exchange losses. Asiana swung to a net loss of 212.92 billion won (US$163 million) on a consolidated basis in the three months ended in [...]
SEOUL, Aug. 12 (Korea Bizwire) — The state-run Korea Electric Power Corp. saw its net loss widen sharply in the second quarter of the year on frozen electricity rates amid higher fuel costs. The consolidated net loss came to 4.84 trillion won (US$3.7 billion) in the April-June period, compared with a loss of 661.97 billion [...]
SEOUL, Aug. 11 (Korea Bizwire) — E-commerce giant Coupang Inc. said Thursday its second-quarter operating loss narrowed sharply from a year earlier on resilient sales. Operating loss stood at US$67.14 million in the April-June period, down 87 percent from a year earlier, the New York-listed e-commerce behemoth said in a regulatory filing. It represents the [...]
SEOUL, Aug. 10 (Korea Bizwire) — SPC Samlip Co. reported Wednesday that its second-quarter net profit jumped 57.5 percent thanks in part to a spike in sales of its “Pokemon bread.” The food and bakery company logged a net profit of 15.9 billion won (US$12.2 million) on a consolidated basis in the April-June quarter, compared [...]
SEOUL, Aug. 10 (Korea Bizwire) — KT Corp., South Korea’s No. 2 wireless carrier, said Wednesday its second-quarter net edged down on-year amid an increase in operating expenses. KT’s net income amounted to 363.4 billion won (US$277.8 million) on a consolidated basis in the April-June period, down 2 percent from a year earlier, the company [...]
SEOUL, Aug. 9 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Tuesday that its second-quarter net profit dropped 67.6 percent from a year earlier due mainly to last year’s spinoff of its semiconductor businesses. The company logged a net profit of 258.1 billion won (US$197.7 million) on a consolidated basis in [...]
SEOUL, Aug. 4 (Korea Bizwire) — Korean Air Lines Co. said Thursday its second-quarter net profit more than tripled from a year earlier on robust cargo deals and recovering travel demand. Net profit for the three months ended in June jumped to 450.41 billion won (US$344 million) from 129.96 billion won during the same period [...]
SEOUL, Aug. 4 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its second-quarter net profit fell 68 percent from a year earlier due to a base effect. Kakao logged a net profit of 101.2 billion won (US$77.2 million) on a consolidated basis in the three months ending [...]
SEOUL, Aug. 3 (Korea Bizwire) — Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., said Wednesday its second-quarter net profit skyrocketed over 165 times from a year earlier thanks to the success of its blockbuster mobile title “Odin Valhalla Rising” and “Uma Musume Pretty Derby,” its latest Japanese licensed game [...]