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 [...]
SEOUL, April 27 (Korea Bizwire) — LG Electronics Inc. on Thursday said its operating profit for the January-March period declined 23 percent from a year earlier amid the on-going macroeconomic woes that dampened consumer demand. The South Korean tech company posted a first-quarter operating profit of 1.49 trillion won (US$1.1 billion), down 22.9 percent from [...]
SEOUL, April 27 (Korea Bizwire) – Samsung Electronics Co. on Thursday reported its worst quarterly profit in 14 years, as global economic woes dented demand for consumer electronics and a chip glut battered its core business. The world’s largest memory chip and smartphone maker reported operating profit of 640.2 billion won (US$478 million) during the [...]
SEOUL, April 27 (Korea Bizwire) — Samsung SDI Co. said Thursday its first-quarter net profit rose 28 percent from a year earlier as surging demand for electric vehicle (EV) batteries gave a boost to the bottom line. Net income reached 464.5 billion won (US$347 million) in the January-March period, compared with 362.6 billion won the [...]
SEOUL, April 26 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker by sales, said Wednesday its first-quarter net profit more than doubled from a year earlier on increased production and an improved product mix. Net profit for the three months ended in March jumped to 2.119 trillion won (US$1.58 billion) from 1.032 trillion won [...]
SEOUL, April 26 (Korea Bizwire) — LG Display Co. reported its fourth consecutive quarterly loss Wednesday as sluggish demand for smartphones, TVs and computers continued to stymie its panel business. The major panel maker reported an operating loss of 1.09 trillion won (US$815 million) for the January-March period, compared with a profit of 38.3 billion [...]
SEOUL, April 26 (Korea Bizwire) — SK hynix Inc. said Wednesday it logged losses for the second consecutive quarter, as a worsening macroeconomic climate dented demand for semiconductors used in PCs and other digital products, and a continued chip glut wiped out profits. The world’s second-largest memory chip maker said in a regulatory filing its [...]
SEOUL, April 26 (Korea Bizwire) — LG Energy Solution Ltd. said Wednesday its first-quarter net profit more than doubled from a year earlier, in line with the earlier earnings forecast, on strong electric vehicles (EV) demand in North America and benefits from a new U.S. law on EV subsidies. Net profit for the three months [...]