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LG Electronics Likely to Rack Up Best-ever Q1 Results on Solid Appliance Hype

LG Electronics Likely to Rack Up Best-ever Q1 Results on Solid Appliance Hype

SEOUL, April 3 (Korea Bizwire) – LG Electronics Inc. is expected to post its best-ever first-quarter earnings, according to analysts, on the back of robust performance by its home appliance and TV businesses amid the pandemic-driven stay-at-home economy. The South Korean tech powerhouse was projected to log 17.8 trillion won (US$15.7 billion) in sales in [...]

Rising Oil Prices, Margins Raise Hopes of Recovery in Refiners’ Earnings

Rising Oil Prices, Margins Raise Hopes of Recovery in Refiners’ Earnings

SEOUL, March 9 (Korea Bizwire) — A recent jump in international oil prices and recovering refining margins are raising expectations for a rebound in South Korean oil refiners’ earnings down the road, industry sources said Tuesday. Industry leader SK Innovation Co. and three other players registered their worst performances ever last year, stung by slumping [...]