SEOUL, May 11 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Thursday its first-quarter net profit declined 9 percent from a year earlier due to compensation for network failures earlier this year. Its net income reached a net profit of 155.1 billion won (US$117.7 million) for the January-March period on [...]
SEOUL, May 10 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Wednesday its first-quarter net profit jumped 37.3 percent from a year earlier thanks to increased dividend income. The company logged a net profit of 302.5 billion won (US$228.6 million) on a consolidated basis in the January-March period, down from 220.3 [...]
SEOUL, May 10 (Korea Bizwire) — Coupang Inc. said Wednesday it racked up a profit in the first quarter and posted a record-high quarterly net revenue and gross profit, thanks to the company’s operational improvement and increased sales. The net profit of South Korea’s top e-commerce retailer reached US$90.9 million in the first quarter, compared [...]
SEOUL, May 8 (Korea Bizwire) — South Korean internet portal giant Naver Corp. said Monday its net profit plunged 71.2 percent in the first quarter from a year earlier due to an accounting loss stemming from an economic slowdown. Its net income reached 43.7 billion won (US$33 million) on a consolidated basis in the January-March [...]
SEOUL, May 4 (Korea Bizwire) — SK Innovation Co. reported Thursday a 77.3 percent on-year drop in the first-quarter operating profit due mainly to falling oil prices, while forecasting improvement in profitability for its loss-making battery unit after the second quarter upon U.S. tax benefits. Operating income came to 374.9 billion won (US$283.2 million) for [...]
SEOUL, May 4 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger, said Thursday its first-quarter net income plunged 93.4 percent from a year earlier due to a base effect. The company’s net profit totaled 87.1 billion won (US$65.1 million) on a consolidated basis in the January-March period, compared with a [...]
SEOUL, May 3 (Korea Bizwire) — Korean Air Co., South Korea’s biggest carrier by sales, said Wednesday its first-quarter net profit fell 35 percent from a year earlier on higher operating costs. Net profit for the three months ended in March fell to 355.42 billion won from 543.85 billion won (US$406 million) during the same [...]
SEOUL, May 2 (Korea Bizwire) — Despite its biggest boy group BTS’ pause in group projects due to its members’ military service, the K-pop company behind the group, Hybe, has achieved the biggest first-quarter results in its history, backed by the success of their solo projects. The company on Tuesday reported an operating profit of [...]
SEOUL, April 27 (Korea Bizwire) — South Korean steel giant POSCO Holdings Inc. said Thursday its first-quarter earnings tumbled nearly 58 percent from a year earlier due to sluggish sales. Consolidated net profit came to 800 billion won (US$597.9 million) in the January-March period, down 57.9 percent from a year earlier, the company said in [...]
SEOUL, April 27 (Korea Bizwire) — LG Chem Ltd. said Thursday its first operating quarter profit shrank 22.8 percent from a year earlier as a global economic slowdown dampened petrochemical demand in major industries. Operating profit reached 791 billion won (US$592 million) in the January-March period, compared with 1.02 trillion won the previous year, the [...]