SEOUL, July 5 (Korea Bizwire) — Kia Corp. is expected to post better-than-expected earnings for the second quarter on brisk sales at home and abroad, local brokerages said Monday. Kiwoom Securities Co. forecast the operating income of South Korea’s No. 2 automaker to stand at 1.58 trillion won (US$1.4 billion) for the April-June period, upgrading [...]
SEOUL, July 2 (Korea Bizwire) — LG Electronics Inc. is likely to report strong second-quarter earnings, analysts said Friday, as its mainstay home appliance business continued to rack up solid results. The South Korean tech company was projected to log 17.6 trillion won (US$15.5 billion) in sales in the April-June period, up 37 percent from [...]
SEOUL, July 1 (Korea Bizwire) — Samsung Electronics Co. is expected to report strong second-quarter earnings on the back of its semiconductor business that offset a lukewarm performance of the mobile unit, analysts here said Thursday. The South Korean tech giant was projected to log 11.2 trillion-won (US$9.9) billion in operating profit for the April-June [...]
SEOUL, May 8 (Korea Bizwire) — South Korea’s oil refining industry is expected to rebound in the first quarter thanks to surging global oil prices and a recovery in refining margins after hemorrhaging from the pandemic-driven slump last year, analysts said Saturday. Four refiners — SK Innovation Co., GS Caltex Corp., S-Oil Corp. and Hyundai [...]
SEOUL, April 11 (Korea Bizwire) — South Korean wireless carriers are estimated to have logged robust earnings in the first quarter on the back of sharp growth in 5G users and their non-telecom businesses, a poll showed Sunday. The combined operating profits of the country’s three major mobile carriers — SK Telecom Co., KT Corp. [...]
SEOUL, April 10 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) is estimated to have posted weak earnings in the first quarter, affected by sluggish new orders clinched last year amid the pandemic, industry watchers said Saturday. The shipbuilder is forecast to have recorded 38 billion won (US$34 million) in net income in [...]
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 [...]
SEOUL, April 1 (Korea Bizwire) — Samsung Electronics Co. is expected to report robust earnings in the first quarter of the year, analysts here said Thursday, as its mobile business has apparently offset relatively sluggish performance from its semiconductor unit. The South Korean tech titan was projected to log 60.64 trillion won (US$53.7 billion) in [...]
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 [...]
SEOUL, Jan. 26 (Korea Bizwire) — South Korea’s five state power companies are projected to post large losses this year due to a government push to reduce dependence on coal for electricity generation and low electricity prices, their internal documents showed Tuesday. The five firms — Korea South-East Power Co., Korea Midland Power Co., Korea [...]