SEOUL, Aug. 15 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest carrier, said Friday its second-quarter net profit dropped 20 percent from a year earlier as travel demand remained weak due to the prolonged COVID-19 pandemic. Its net profit reached 130 billion won (US$111 million) in the April-June period, compared with 162.4 billion [...]
SEOUL, Aug. 12 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Thursday its sales hit a new high in the second quarter of the year, but it posted big losses due largely to a one-off cost. Sales stood at US$4.48 billion in the April-June period, up 71 percent from a year earlier, the [...]
Mont-Saint-Guibert, Belgium, Aug. 11 (Korea Bizwire) — Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that it will release financial results for the first half of 2021 on Tuesday, August 31, 2021, after [...]
SEOUL, Aug. 11 (Korea Bizwire) — SK Telecom Co., South Korea’s top wireless carrier, said Wednesday its second-quarter net income rose 84 percent on-year thanks to gains in its equity ties with its chip-making affiliate SK hynix Inc. and growth in 5G users. Net income stood at 795.7 billion won (US$689.2 million) in the April-June [...]
SEOUL, Aug. 10 (Korea Bizwire) — KT Corp., a South Korean telecom giant, said Tuesday its second-quarter net income rose 77.4 percent from a year earlier on the back of robust growth of 5G network subscribers as well as its media content businesses. Net income for the April-June period stood at 370.8 billion won (US$322.9 [...]
SEOUL, Aug. 10 (Korea Bizwire) — South Korean cinema chain operators remained in a slump in the second quarter of 2021 but found a glimmer of hope for a rebound amid the protracted novel coronavirus pandemic, financial data showed Tuesday. CJ CGV, the No. 1 multiplex operator under the wing of entertainment giant CJ Group, [...]
Dubai, Aug. 9 (Korea Bizwire) – Vista Global Holding (Vista), the world’s leading private aviation group, provides a market update and overview into its exceptional performance for the first half of 2021, which includes its VistaJet and XO brands. 2021 has begun with a record start, with sales of the Group’s subscription products at all-time highs during the [...]
SEOUL, Aug. 6 (Korea Bizwire) — BGF Retail Co., the operator of South Korea’s major convenience store chain CU, saw better performance in the second quarter driven by the popularity of craft beer. The company on Thursday said in a regulatory filing that it posted 58.7 billion won ($51.3 million) in operating profit for the [...]
SEOUL, Aug. 6 (Korea Bizwire) — LG Uplus Corp., a major South Korean mobile carrier, said Friday its second-quarter net profit grew 40 percent thanks to the continued growth of 5G mobile subscriptions and its business infrastructure division. Net profit in the April-June period stood at 210.5 billion won (US$184.2 million) on a consolidated basis, [...]
SEOUL, Aug. 6 (Korea Bizwire) — Kakao Corp., South Korea’s top online messenger operator, said Friday its second-quarter net income more than doubled from a year earlier on the back of growth of its broader platform and content businesses. Net profit for the April-June period stood at 315.9 billion won (US$276.2 million) on a consolidated [...]