SEOUL, Aug. 16 (Korea Bizwire) — The combined net profit of South Korea’s major credit card firms plunged nearly a third in the first half from a year earlier due mainly to decreased swipe fees, industry data showed Thursday. Eight card issuers, including Shinhan Card Co., Samsung Card Co. and KB Kookmin Card Co., posted [...]
SEOUL, Jul. 11 (Korea Bizwire) — Large foreign companies operating in South Korea posted strong earnings in 2017, but they were reluctant to create more jobs, a corporate tracker said Wednesday. The combined operating income of 51 foreign-invested companies, which made the list of the top 500 firms in South Korea, came to 8.6 trillion [...]
SEOUL, Apr. 27 (Korea Bizwire) — Kia Motors Corp., South Korea’s second-largest carmaker by sales, said Friday its first-quarter net profit plunged 44 percent from a year earlier on the strong won and weak overseas sales. Net profit for the January-March quarter fell to 432 billion won (US$401 million) from 765.4 billion won a year [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s top mobile carrier SK Telecom Co. said Monday its fourth-quarter net profit rose 39.1 percent from a year earlier due mainly to increased competitiveness in Internet businesses. Net income reached 660.6 billion won (US$606 million) in the October-December period, compared with a profit of 474.7 billion won [...]
SEOUL, Feb. 2 (Korea Bizwire) — The brand value of Samsung Electronics Co. rose two notches from a year earlier to rank fourth in an annual report on the world’s most valuable brands, a British corporate valuation and strategy consultancy said Friday. The South Korean tech giant’s brand value jumped 39 percent to US$92.3 billion [...]
NEW YORK, Jan. 31 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) today reported financial results for the fourth quarter and full year of 2017. 2017 net revenues were $2,428 million, up $151 million, or 7%, from $2,277 million in the prior year period. The full year increase in net revenues included a $52 million increase due [...]
SEOUL, Jan. 31 (Korea Bizwire) — Samsung Electronics Co. said Wednesday that its board of directors has approved a 50:1 stock split due to record highs in sales and operating profits in the fourth quarter on rising chip demand. Net profit came to 12.25 trillion won (US$11.4 billion) in the October-December period, compared with 7.08 [...]
SEOUL, Jan. 29 (Korea Bizwire) — A large number of South Koreans are interested in starting their own businesses and earnings are their top consideration, a poll conducted by a public start-up support foundation showed Sunday. The latest findings from the Korea Institute of Startup & Entrepreneurship Development (KISED) revealed that 53.5 percent of the [...]
SEOUL, Jan. 25 (Korea Bizwire) — SK hynix Inc., a major South Korean chipmaker, said Thursday its net profit jumped 97.7 percent to reach an all-time high in the fourth quarter from a year earlier largely due to strong chip prices on continued favorable market conditions. Net profit came to 3.22 trillion won (US$3 billion) [...]
SEOUL, Jan. 23 (Korea Bizwire) — LG Display Co., a flat panel maker, said Tuesday its net profit slipped 94.7 percent in the fourth quarter from a year earlier, largely due to weak panel prices and a strong local currency. The company said in a regulatory filing that its net profit came to 43.6 billion [...]