SEOUL, Jan. 7 (Korea Bizwire) — South Korean steelmakers are expected to see their earnings bounce back in the first quarter of the year on a recovery in demand and rising prices, analysts said Thursday. The rosy outlook represents a stark turnaround from their dismal performances last year in the wake of the coronavirus pandemic [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean mobile carriers are expected to report improved earnings for the final quarter of 2020 on the back of steady growth in 5G users, analysts said Monday. The combined operating profits of the country’s three major telecom operators — SK Telecom Co., KT Corp. and LG Uplus Corp. [...]
SEOUL, Jan. 3 (Korea Bizwire) — South Korea’s three electric vehicle (EV) battery makers are expected to report robust or improved fourth-quarter earnings results on growing demand for electrified vehicles, analysts said Sunday. LG Energy Solutions Ltd., SK Innovation Co. and Samsung SDI Co. likely performed well in the October-December period as carmakers are adding [...]
SEOUL, Jan. 3 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chip maker, is expected to report a smaller-than-earlier operating income estimate due to the weakness of the U.S. dollar, industry sources said Sunday. According to the sources, Samsung, also the world’s largest smartphone vendor, is likely to report an operating income of [...]
SEOUL, Nov. 7 (Korea Bizwire) — Naver Corp. and Kakao Corp., the two major South Korean tech companies, are expected to continue their upward trajectory in earnings projections amid the coronavirus pandemic, market watchers said Saturday. Quarterly sales of Naver — South Korea’s top internet portal operator — and Kakao — the operator of the [...]
SEOUL, Oct. 26 (Korea Bizwire) — South Korea’s major instant noodle makers are estimated to have posted solid earnings in the third quarter, as demand from stay-at-home consumers rose amid the pandemic and sales in overseas markets remained robust, a survey showed Monday. The combined operating profit of Nongshim Co., Samyang Foods Co. and Ottogi [...]
SEOUL, Oct. 20 (Korea Bizwire) — LG Household & Health Care Ltd. is estimated to have outperformed industry leader Amorepacific in the third quarter, thanks to a robust growth in the non-cosmetics business, a poll showed Tuesday. South Korea’s No. 2 cosmetics company is projected to have logged an operating profit of 320.9 billion won [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. said Monday they plan to reflect a combined 3.4 trillion won (US$3 billion) in provisions for product recall and quality control in their balance sheets for the third quarter of the year, indicating that they are set to swing to [...]
SEOUL, Oct. 19 (Korea Bizwire) — Combined sales by South Korea’s retail giants are estimated to have declined more than 2 trillion won (US$1.75 billion) on-year in the first nine months of this year on the fallout of the COVID-19 pandemic, a poll showed Monday. Industry leader Lotte Shopping and its rivals Shinsegae and Hyundai [...]
SEOUL, Oct. 19 (Korea Bizwire) – LG Display Co., a major display maker in South Korea, is expected to return to the black in the third quarter of the year, analysts here said Monday, on the back of a price increase in LCD panels and solid demand for displays used in IT gadgets amid the [...]