SEOUL, Nov. 4 (Korea Bizwire) — LG Uplus Corp. on Friday reported its third-quarter net profit of 170.8 billion won (US$119.6 million), down 19.1 percent from a year earlier, due to increased interest costs. Operating income for the July-September period was 285.1 billion won, up 3 percent from a year ago, the company said in [...]
SEOUL, Nov. 3 (Korea Bizwire) — Korean Air Lines Co., South Korea’s national flag carrier, said Thursday its third-quarter net profit more than tripled on recovering travel demand following eased antivirus curbs. Net income for the three months that ended in September amounted to 431.4 billion won (US$302.6 million), up from 134 billion won tallied [...]
SEOUL, Nov. 3 (Korea Bizwire) — Hybe, the entertainment company behind K-pop superstars BTS, on Thursday reported a revenue of 445.5 billion won (US$314 million) for the third quarter of the year, up 30.6 percent from a year ago. It marks the highest-ever third-quarter sales in the company’s history. The record gains were a result [...]
SEOUL, Nov. 3 (Korea Bizwire) – SK Innovation Co. said Thursday its third-quarter net profit sank 65.5 percent from a year earlier on narrowing refinery margins amid a fall in global oil prices. Net income reached 175.2 billion won (US$122.7 million), compared with 507.1 billion won the previous year, the refinery and energy unit of [...]
SEOUL, Nov. 3 (Korea Bizwire) — Kakao Corp. on Thursday reported a third-quarter net income of 137.2 billion won (US$96.8 million), down 84.2 percent from a year earlier due to a base effect. The company said in a regulatory filing that it posted 150.3 billion won in operating profit for the quarter, compared with 168.2 [...]
SEOUL, Nov. 3 (Korea Bizwire) — A global chipmaking industry association has established a climate consortium as part of efforts to reduce emissions of greenhouse gases throughout the global chip supply network. According to Semiconductor Equipment and Materials International (SEMI), more than 60 global chipmakers participated as founding members of its new Semiconductor Climate Consortium [...]
SEOUL, Nov. 2 (Korea Bizwire) — Hyundai Motor Group said Wednesday its overall vehicle sales in the United States rose 7.9 percent last month from a year earlier despite the extended chip shortage. Hyundai Motor Co., its independent Genesis brand, and Hyundai’s smaller affiliate Kia Corp. sold a combined 123,233 vehicles in the world’s most [...]
SEOUL, Nov. 2 (Korea Bizwire) – South Korean online lender Kakao Bank said Wednesday its third-quarter net profit hit a record high this year on growth in interest revenue. Consolidated net profit stood at 78.7 billion won (US$55.4 million) in the July-September period, up 51.39 percent from a profit of 52 billion won a year [...]
SEOUL, Nov. 1 (Korea Bizwire) — Lotte Shopping Co. said Tuesday it has partnered with Britain’s Ocado Group Plc., a leading online grocery tech platform provider, to strengthen its e-grocery business. Through the partnership, Lotte Shopping, the retail arm of South Korea’s fifth largest conglomerate Lotte Group, plans to invest around 1 trillion won (US$705.2 [...]
SEOUL, Nov. 1 (Korea Bizwire) — POSCO International Corp. said Tuesday it has signed an initial deal with a Dutch partner for collaboration in a next-generation transportation system. The agreement with Hardt Hyperloop commits the South Korean company to providing rolled steel to the European Hyperloop Center, an industrial complex under construction in the Netherlands [...]