SEOUL, Nov. 25 (Korea Bizwire) – South Korean insurance firms’ earnings jumped more than 37 percent in the first nine months of this year amid the coronavirus pandemic and a bullish stock market, data showed Thursday. The combined net profit of insurance companies operating in South Korea came to 7.63 trillion won (US$6.4 billion) in [...]
SEOUL, Nov. 24 (Korea Bizwire) – Sales of imported commercial vehicles in South Korea fell 26 percent in October from a year earlier amid the extended COVID-19 pandemic, an industry association said Wednesday. The number of newly registered imported commercial vehicles declined to 336 units last month from 452 a year ago, the Korea Automobile [...]
SEOUL, Nov. 15 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Monday it swung to a net loss in the third quarter from a year earlier on foreign-exchange losses and one-off costs. Asiana logged a net loss of 386.19 billion won (US$327 million) on a consolidated basis in the three months ending [...]
SEOUL, Nov. 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. on Friday reported a sharp increase in net losses for the third quarter despite record-high sales revenue, due largely to operational costs and investment. Net losses over the July-September period came to US$323.97 million, up 87 percent from US$173 million a year before, [...]
SEOUL, Nov. 12 (Korea Bizwire) — Korean Air Lines Co., South Korea’s biggest carrier, said Friday it swung to the black in the third quarter compared with a year earlier, helped by strong cargo demand amid the extended COVID-19 pandemic. For the three months ended in September, Korean Air shifted to a net profit of [...]
SEOUL, Nov. 11 (Korea Bizwire) — NCSOFT Corp., a major South Korean online and mobile game developer, said Thursday that its net profit fell 34.8 percent in the third quarter from a year earlier due partly to poor performance of its new titles. Net profit stood at 99.5 billion won (US$84.3 million) during the July-September [...]
SEOUL, Nov. 10 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Wednesday its third-quarter net income rose 88 percent on-year thanks to growth in 5G users and equity gains. Net income stood at 736.5 billion won (US$623.3 million) in the July-September period on a consolidated basis, compared with 391.8 billion won [...]
SEOUL, Nov. 9 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday its third-quarter net income rose 46.9 percent from a year earlier on the back of robust growth of 5G network subscribers as well as its media content businesses. Net income for the July-September period stood at 337.7 billion won (US$286.7 [...]
SEOUL, Nov. 5 (Korea Bizwire) — LG Uplus Corp., South Korea’s third-largest mobile carrier, said Friday its third-quarter net profit fell 47.7 percent from a year earlier due mainly to the sale of its business unit. Net profit for the three months that ended in September fell to 211 billion won (US$177.1 million) from a [...]
SEOUL, Nov. 4 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Thursday its third-quarter net profit jumped nearly six times from a year earlier on the back of robust growth of its content businesses amid the pandemic. Net profit reached 866.3 billion won (US$733.1 million) in the July-September [...]