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KakaoBank’s Q2 Net Soars on Accelerated Loan Growth

KakaoBank’s Q2 Net Soars on Accelerated Loan Growth

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 [...]

Korean Air Q2 Net Dips 20 pct on Weak Passenger Demand

Korean Air Q2 Net Dips 20 pct on Weak Passenger Demand

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 [...]

SK Telecom’s Q2 Net Nearly Doubles on Equity Gain, 5G Growth

SK Telecom’s Q2 Net Nearly Doubles on Equity Gain, 5G Growth

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 [...]