SEOUL, May 4 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States fell 17 percent last month from a year earlier due mainly to the prolonged chip shortages. Hyundai, its independent Genesis brand, and Kia sold a total of 125,770 vehicles in the U.S. [...]
SEOUL, May 3 (Korea Bizwire) — KakaoBank Corp., a South Korean internet-only bank, Tuesday reported a 43.2 percent jump in its first-quarter earnings as its customer base continued to expand amid the coronavirus pandemic. Net income came to 66.80 billion won (US$52.8 million) in the January-March period, compared with 46.66 billon won tallied a year [...]
SEOUL, May 3 (Korea Bizwire) — Kakao Games Corp., the gaming unit of South Korean tech giant Kakao Corp., reported Tuesday its first-quarter net profit rose 54.2 percent on-year to 28.3 billion won (US$22.3 million) thanks to the popularity of its mobile title “Odin Valhalla Rising” and improved cost management. Operating profit spiked 169.7 percent [...]
SEOUL, May 2 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Monday their vehicle sales continued to fall last month due to the impact of the global chip shortage on vehicle production. Hyundai Motor’s sales fell 12 percent to 308,788 vehicles from 349,184 units a year earlier, while Kia’s declined [...]
SEOUL, May 2 (Korea Bizwire) — South Korean builder SK ecoplant Co. announced that it had joined hands with state-utility firm Korea East-West Power Co. to explore overseas green hydrogen bases using solar power generation. The two parties recently signed signed a memorandum of understandin to develop solar power projects overseas and use the electricity [...]
SEOUL, April 29 (Korea Bizwire) — SK Innovation Co. said Friday it swung to the black in the first quarter from a year earlier, boosted by robust sales of petrochemical products amid higher oil prices. Net income reached 863.3 billion won (US$680.3 million) in the January-March period, a turnaround from a loss of 371.4 billion [...]
SEOUL, April 28 (Korea Bizwire) — Samsung SDI Co. said Thursday its first-quarter net profit more than doubled from a year earlier on the back of strong sales in mid-to-large battery and premium electric vehicle battery products. Net income came to 362.7 billion won (US$286.6 million) in the January-March period, compared with a net profit [...]
SEOUL, April 28 (Korea Bizwire) — LG Electronics Inc. on Thursday said its first-quarter operating profit rose more than 6 percent from a year ago, fueled by sales of premium home appliances and one-off gains from patents licensing. Its operating income came in at a quarterly record of 1.88 trillion won (US$1.56 billion), marking a [...]
SEOUL, April 28 (Korea Bizwire) — Samsung Electronics Co. on Thursday reported its best first-quarter earnings in four years on the back of solid chip and mobile demand. The world’s largest memory chip and mobile phone maker said its operating profit rose more than 50 percent to 14.1 trillion won (US$11.1 billion) year-over-year in a [...]
SEOUL, April 27 (Korea Bizwire) — LG Display Co., a major display panel maker, said Wednesday its first-quarter net income fell nearly 80 percent from a year ago, driven by lower demand for IT products and falling TV panel prices. Its net for the three months ending in March came to 54.3 billion won (US$43 [...]