earnings shock Archives | Be Korea-savvy

Hyundai Heavy’s Earnings Shock May Lead to Major Rating Downgrade of All Shipbuilders

SEOUL, Aug. 8 (Korea Bizwire) – Across-the-board downgrading of the credit ratings of Korean shipbuilders is likely. Since the 2008 global financial crisis, major Korean shipbuilding firms have invested heavily in offshore plants and took on a huge amount of orders in FPSO (floating production storage and offloading) and other related areas as a way to overcome [...]

Samsung Electronics Says, “Executives Shall Now Fly Coach”

SEOUL, July 22 (Korea Bizwire) – The record drop in the sales revenue of Samsung Electronics in the second quarter of this year — often referred to as the “earnings shock” by the media — forced tightening of its belt, starting from cutting down of its executives’ travel expenses. Samsung Electronics announced on July 18 that [...]