SEOUL, Oct. 12 (Korea Bizwire) — LG Chem Ltd., South Korea’s leading chemical firm, said Monday its operating profit hit a quarterly record high in the third quarter amid robust sales at the petrochemical and electric vehicle (EV) battery units. In its earnings guidance, the South Korean electric vehicle battery maker estimated its operating profit [...]
EDMONTON, Alberta, Oct. 8 (Korea Bizwire) – Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI), a manufacturer of high quality cannabinoid-based formulations and products, today announced its results for the first quarter ended June 30, 2020 and provided an update on recent corporate developments. “The first fiscal quarter presented numerous challenges for Radient and the [...]
SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics Co. on Thursday expected its third-quarter profit to be the largest in two years, as its chip business got a boost from U.S. sanctions on Huawei Technologies Co. and its mobile sales bounced back on pent-up demand amid the pandemic. In its earnings guidance, the South Korean [...]
SEOUL, Oct. 8 (Korea Bizwire) — LG Electronics Inc. on Thursday expected its best-ever third-quarter earnings, as its home appliance and TV sales apparently got a boost from pent-up demand amid the pandemic-driven stay-at-home trend. In its earnings guidance, the South Korean tech firm projected its operating profit at 959 billion won (US$831 million) for [...]
SEOUL, Oct. 8 (Korea Bizwire) — Doctors with private practices make an average of 20.3 million won (US$17,535) a month, nearly double what they earned a decade ago, a lawmaker said Thursday. Rep. Jang Chul-min of the ruling Democratic Party said he deduced the average monthly earnings of private practice doctors from their health insurance [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean oil refiners’ third-quarter earnings are unlikely to recover markedly following their worst performances in the first half due to the fallout from the coronavirus pandemic, industry sources said Monday. The grim outlook comes as leader SK Innovation Co. and three other players have been whipsawed by weak [...]
SEOUL, Oct. 4 (Korea Bizwire) — An extended slump is expected to undermine South Korean shipbuilders’ earnings in the third quarter of the year amid the COVID-19 pandemic, with a meaningful recovery in the near future not in sight. According to the data provided by global market researcher Clarkson Research Service, global new orders for [...]
SEOUL, Oct. 4 (Korea Bizwire) — South Korean steelmakers are expected to have performed better in the third quarter despite the new coronavirus fears, moving on from a slump a quarter ago, analysts said on Sunday. The country’s major steelmakers are likely to have earned more in the July-September period, thanks to a rebound in [...]
SEOUL, Oct. 4 (Korea Bizwire) — Major listed firms in South Korea are likely to have racked up decent profits in the third quarter this year, with their operating profit expected to have soared about 20 percent despite the new coronavirus outbreaks, analysts said on Sunday. The third-quarter operating income of 147 listed firms on [...]
SEOUL, Oct. 4 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, is expected to report mediocre third-quarter earnings in the face of memory price decline, analysts here said Sunday. SK hynix was projected to log 7.9 trillion won (US$6.7 billion) in sales in the July-September period, up 15.5 percent from a year [...]