SEOUL, Oct. 30 (Korea Bizwire) — LG Electronics Inc. said Friday its net profit nearly doubled in the third quarter from a year earlier on the back of strong global demand for its TVs and home appliances amid the coronavirus pandemic. The South Korean tech giant said its net income reached 649.2 billion won (US$573.6 [...]
SEOUL, Oct. 29 (Korea Bizwire) – South Korea’s top internet portal operator Naver Corp. said Thursday its net profit nearly tripled in the third quarter from a year earlier on the back of booming online goods transactions on its platform amid the pandemic. Net profit reached 235.3 billion won (US$207.5 million) in the July-September period, [...]
SEOUL, Oct. 29 (Korea Bizwire) — Samsung Electronics Co. on Thursday expected its profitability to worsen in the fourth quarter after delivering a forecast-beating performance in the third quarter on its better-than-expected chip business and demand for its mobile and home appliance products amid the pandemic. The world’s largest memory chip and smartphone vendor said [...]
SEOUL, Oct. 26 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. on Monday posted lackluster third-quarter earnings results due to hefty provisions for recalls and quality management. For the three months that ended in September, Hyundai swung to a net loss of 188.8 billion won (US$167 million) from a net profit [...]
SEOUL, Oct. 22 (Korea Bizwire) — LG Display Co., a major display panel maker in South Korea, on Thursday said it swung to the black in the third quarter of the year on the back of robust demand for displays used in IT gadgets and increased shipments of large-size panels for TVs amid the pandemic-driven [...]
SEOUL, Oct. 21 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Wednesday its third-quarter net profit more than quadrupled from a year earlier, helped by robust sales of petrochemical and battery products. For the three months ending in September, its net profit soared to 570.39 billion won (US$503 million) from 137.19 [...]
SEOUL, Oct. 12 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Monday its operating profit hit a quarterly record high in the third quarter amid robust sales at the petrochemical and electric vehicle (EV) battery units. In its earnings guidance, the South Korean electric vehicle battery maker estimated its operating profit [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers’ vehicle sales rose 3.4 percent last month from a year earlier as robust domestic demand offset weak overseas sales amid the new coronavirus outbreak, industry data showed Monday. The five carmakers in South Korea — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung [...]
SEOUL, Sept. 29 (Korea Bizwire) — LG Electronics Inc. is likely to report its largest third-quarter earnings in 11 years on the back of increased demand of its premium home appliance and TV products amid the pandemic-driven stay-at-home trend, analysts said Tuesday. LG was expected to log 16.12 trillion won (US$13.7 billion) in sales in [...]
SEOUL, Sept. 28 (Korea Bizwire) — Samsung Electronics Co. is expected to report strong third-quarter earnings, analysts here said Monday, as its mainstay semiconductor business remained solid despite a decline in memory prices, while its mobile and home appliance sales soared on pent-up demand amid the pandemic. Samsung was projected to log 63.95 trillion won [...]