SEOUL, Sept. 3 (Korea Bizwire) — Sales of imported vehicles in South Korea rose 1 percent in August from a year earlier amid the extended COVID-19 pandemic, an industry association said Friday. The number of newly registered foreign vehicles rose to 22,116 units last month from 21,894 a year ago, the Korea Automobile Importers & [...]
SEOUL, Sept. 2 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Thursday their U.S. sales fell 4.5 percent in August from a year earlier due to a lack of semiconductor parts. Hyundai and Kia sold a combined 110,209 vehicles last month, down from 115,376 units a year earlier, according to the companies’ [...]
SEOUL, Sept. 1 (Korea Bizwire) — South Korean carmakers’ sales fell 4.5 percent last month from a year earlier as an extended global chip shortage and the COVID-19 pandemic continued to weigh on vehicle production and sales, industry data showed Wednesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault [...]
SEOUL, Aug. 17 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-largest carrier, said Tuesday its second-quarter net profit jumped 22 percent from a year earlier on strong cargo demand amid an extended COVID-19 pandemic. For the three months ended in June, net profit rose to 60.8 billion won (US$52 million) from 50 billion won [...]
SEOUL, Aug. 17 (Korea Bizwire) — KakaoBank Corp., a major South Korean digital-only bank, said Tuesday its net profit more than doubled in the second quarter from a year earlier, reporting robust earnings after it went public earlier this month. Net profit stood at 69.29 billion won (US$58.85 million) in the April-June period, compared with [...]
SEOUL, Aug. 15 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest carrier, said Friday its second-quarter net profit dropped 20 percent from a year earlier as travel demand remained weak due to the prolonged COVID-19 pandemic. Its net profit reached 130 billion won (US$111 million) in the April-June period, compared with 162.4 billion [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Thursday its sales hit a new high in the second quarter of the year, but it posted big losses due largely to a one-off cost. Sales stood at US$4.48 billion in the April-June period, up 71 percent from a year earlier, the [...]
SEOUL, Aug. 11 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Wednesday its second-quarter net income rose 84 percent on-year thanks to gains in its equity ties with its chip-making affiliate SK hynix Inc. and growth in 5G users. Net income stood at 795.7 billion won (US$689.2 million) in the April-June [...]
SEOUL, Aug. 10 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday its second-quarter net income rose 77.4 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 April-June period stood at 370.8 billion won (US$322.9 [...]
SEOUL, Aug. 6 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s major convenience store chain CU, saw better performance in the second quarter driven by the popularity of craft beer. The company on Thursday said in a regulatory filing that it posted 58.7 billion won ($51.3 million) in operating profit for the [...]