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Listed Firms Increasingly Embrace Non-Face-to-Face Shareholder Meetings

Listed Firms Increasingly Embrace Non-Face-to-Face Shareholder Meetings

SEOUL, Feb. 18 (Korea Bizwire) — With the season of general shareholder meetings coming close at hand, an increasing number of South Korean listed companies are attempting to introduce the electronic voting system while holding such meetings in both online and offline formats. Samsung Electronics Co. is scheduled to host its regular shareholder meeting at [...]

Listed Companies’ H1 Net Down 34 pct on COVID-19 Fallout

Listed Companies’ H1 Net Down 34 pct on COVID-19 Fallout

SEOUL, Aug. 19 (Korea Bizwire) — South Korean listed companies saw their first-half earnings plunge sharply, data showed Wednesday, due mainly to the fallout of the new coronavirus pandemic. The combined net profit of 690 listed firms on the main KOSPI bourse reached 25.54 trillion won (US$21.6 billion) in the January-June period, down 34 percent [...]

Listed Companies’ Q1 Net Plunges amid Coronavirus

Listed Companies’ Q1 Net Plunges amid Coronavirus

SEOUL, May 19 (Korea Bizwire) — South Korean listed companies’ profits almost halved in the first quarter of the year, data showed Tuesday, an apparent fallout from the new coronavirus outbreak. The combined net profit of 592 nonfinancial companies listed on the main bourse came to 11.03 trillion won (US$8.99 billion) in the January-March period, [...]

Top Biz Group Operating Profits Down if Samsung Elec, SK hynix are Excluded

Top Biz Group Operating Profits Down if Samsung Elec, SK hynix are Excluded

SEOUL, Dec. 9 (Korea Bizwire) — The operating profits of South Korea’s listed companies belonging to the largest conglomerates contracted in the January-September period of this year if the numbers for Samsung Electronics Co. and SK hynix are excluded, a local business tracker said Sunday. The total for the 94 companies, not counting the two [...]