SEOUL, Aug. 8 (Korea Bizwire) — HMM Co., South Korea’s leading container shipper, is forecast to see its record-breaking earnings streak take a breather for the second quarter of the year due to a downturn in freight rates, analysts said Monday. The shipper’s bottom line is estimated to reach 4.84 trillion won (US$3.71 billion) for [...]
SEOUL, Oct. 9 (Korea Bizwire) — South Korean telecom operators are expected to report robust earnings for the third quarter, analysts said Saturday, as subscriptions to pricier 5G mobile plans pick up steam. The combined operating profits of the country’s three major mobile carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — [...]
SEOUL, Oct. 3 (Korea Bizwire) — South Korean battery makers are estimated to have logged weaker-than-expected earnings in the third quarter amid a global shortage of automotive chips and recall of electric cars for battery fire risks, analysts said Sunday. Samsung SDI Co., the battery-making unit of Samsung Electronics Co., is believed to have posted [...]
SEOUL, Sept. 29 (Korea Bizwire) — LG Electronics Inc. is likely to report solid third-quarter earnings, analysts said Wednesday, as its mainstay home appliance business is expected to offset a slump from vehicle components and B2B units. The South Korean tech giant was projected to log a record 18.3 trillion won (US$15.4 billion) in sales [...]
SEOUL, Sept. 27 (Korea Bizwire) — Samsung Electronics Co. is expected to report strong third-quarter earnings on the back of its semiconductor business and a weak won, analysts said Monday. The South Korean tech giant was projected to log 16.3 trillion-won (US$13.8 billion) in operating profit for the July-September period, up 31.9 percent from a [...]
SEOUL, Sept. 23 (Korea Bizwire) — South Korea’s listed companies are likely to see their earnings spike nearly 50 percent in the third quarter on brisk exports, a market tracker said Thursday. The combined operating income of 246 listed firms is expected to reach 59.6 trillion won (US$50.6 billion) for the July-September period, up about [...]
SEOUL, July 18 (Korea Bizwire) — South Korean shipbuilders are forecast to report sluggish earnings in the second quarter of the year due to a sharp rise in prices of steel plates despite brisk orders, analysts said Sunday. POSCO, South Korea’s leading steelmaker, has raised the prices of steel plates for ships to 1.15 million [...]
SEOUL, July 17 (Korea Bizwire) — South Korean wireless carriers are set to report robust second quarter earnings on the back of a continued growth of 5G network users, according to analysts. The combined operating profits of the country’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — are projected [...]
SEOUL, July 16 (Korea Bizwire) – SK hynix Inc., South Korea’s No. 2 chipmaker, is expected to deliver strong second-quarter earnings, analysts here said Friday, due to a rise in memory chip prices. SK hynix was estimated to log 9.92 trillion won (US$8.6 billion) in sales in the April-June period, up 15.3 percent from a [...]
SEOUL, July 13 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. are set to report a sharp rebound in operating profit for the second quarter on strong demand for their vehicles that offset output disruptions by semiconductor shortages, analysts said Tuesday. Hyundai and Kia, which together form the world’s fifth-biggest carmaker by [...]