SEOUL, Jan. 12 (Korea Bizwire) — POSCO, South Korea’s top steelmaker, said Wednesday that it logged its largest earnings ever last year on the back of strong demand for key products and high prices. Its operating income stood at 9.2 trillion won (US$7.73 billion) last year on a consolidated basis, compared with an operating profit [...]
SEOUL, Jan. 7 (Korea Bizwire) — LG Electronics Inc. estimated Friday its fourth-quarter sales reached a record quarterly high, apparently backed by its strong home appliance business, but the operating profit is likely to sink due largely to increased logistics costs. The company expected to log 21 trillion won (US$17.5 billion) in sales for the [...]
SEOUL, Jan. 7 (Korea Bizwire) — Samsung Electronics Co. said Friday it is likely to post record quarterly sales in the fourth quarter of last year, boosted by its solid semiconductor business. The company expected the sales to hit 76 trillion won (US$63.1 billion) in the September-December period, up 23.5 percent from a year earlier, [...]
SEOUL, Jan. 5 (Korea Bizwire) — Sales of imported vehicles in South Korea plunged 24 percent in December from a year earlier as chip shortages continued to disrupt vehicle production, an industry association said Wednesday. The number of newly registered foreign vehicles fell to 23,904 units last month from 31,419 units a year ago, the [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States spiked 19 percent in 2021 from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo sold a total of 1.44 million vehicles in the world’s most important automobile [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korean automakers’ sales fell 12 percent last month from a year earlier as a prolonged chip shortage disrupted vehicle production and sales, industry data showed Monday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — [...]
SEOUL, Dec. 19 (Korea Bizwire) — Hyundai Motor Group said Sunday that environment-friendly vehicles topped 10 percent of its global car sales for the first time this year amid growing demand for electric cars. The country’s top automotive conglomerate said its two carmakers, Hyundai Motor Co. and Kia Corp., sold a total of 656,479 eco-friendly [...]
SEOUL, Dec. 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States fell 13 percent last month from a year earlier amid the global chip shortage. Hyundai and Kia sold a total of 89,663 vehicles in the world’s most important automobile market in November [...]
SEOUL, Dec. 1 (Korea Bizwire) — South Korean automakers’ sales fell 15 percent last month from a year earlier as a prolonged chip shortage continued to affect vehicle production and sales, industry data showed Wednesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor [...]
SEOUL, Nov. 28 (Korea Bizwire) — South Korean brokerage firms saw their combined net profits rise 10.5 percent in the third quarter from three months earlier, due to increased income from their proprietary trading, data showed Sunday. The combined net profit of 58 brokerages stood at 2.52 trillion won (US$2.1 billion) in the July-September period, [...]