SEOUL, May 18 (Korea Bizwire) — South Korean listed firms saw their first-quarter earnings fall from a year ago amid fast-rising inflation despite growths in operating profit and sales, the bourse operator’s data showed Wednesday. The consolidated net profit of 608 companies listed on the benchmark KOSPI totaled 41.69 trillion won (US$32.84 billion) in the [...]
SEOUL, May 17 (Korea Bizwire) — Almost 4 in 10 South Korean listed companies trimmed their workforce in 2021 from a year earlier amid the prolonged coronavirus pandemic, a private think tank said Tuesday. The Korea Economic Research Institute (KERI) said a survey of 1,874 firms listed on the country’s main and minor bourses showed [...]
SEOUL, May 3 (Korea Bizwire) — South Korea’s major listed companies remain undervalued compared with their global peers as their share prices slump despite a jump in earnings, data showed Tuesday. The price-earnings ratio (PER) of stocks listed on the KOSPI market had come to 11.1 as of Monday, sharply down from 26 a year [...]
SEOUL, April 13 (Korea Bizwire) — The market value of listed firms in South Korea tumbled by nearly 70 trillion won (US$57 billion) in the first quarter of the year due to a bearish stock market, a corporate tracker said Wednesday. The market capitalization of 2,470 companies listed on the country’s main and secondary bourses [...]
SEOUL, April 4 (Korea Bizwire) — The net profits of listed firms on South Korea’s main bourse hit an all-time high last year, expanding 160.56 percent on-year despite the pandemic, the bourse operator said Monday. The consolidated net profit of 595 firms listed on the benchmark KOSPI totaled 156.6 trillion won (US$128.6 billion) in 2021, [...]
SEOUL, March 2 (Korea Bizwire) — Two-thirds of South Korea’s listed firms have sharply increased their 2021 dividends in an apparent bid to appease shareholders amid a bearish stock market, a corporate tracker said Wednesday. About 67 percent of 853 companies, which have announced their 2021 dividends as of Monday, have decided to raise their [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean brokerage houses have sharply lowered their third-quarter earnings outlook for major listed firms amid rising inflation and other negatives, a market tracker said Wednesday. The combined net profit forecast for 168 major listed firms came to 29.7 trillion won (US$25.2 billion) for the July-September period as of [...]
SEOUL, Sept. 27 (Korea Bizwire) — Dividend payouts by South Korean listed companies jumped nearly 24 percent in the first half of the year amid their strong earnings, a corporate tracker said Monday. The combined amount of dividends paid out by 140 firms, including top-cap Samsung Electronics Co., came to 9.3 trillion won (US$7.9 billion) [...]
SEOUL, Sept. 13 (Korea Bizwire) — Almost half of South Korea’s listed companies cut their workforce in the first half of the year in the wake of the coronavirus pandemic, a think tank said Monday. In particular, the downtrend in their payrolls is likely to last for a considerable period of time due to the [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korean listed companies’ half-year dividends surged to a record high this year as their businesses posted strong performance, market data showed Sunday. A total of 62 local listed firms paid out 4.39 trillion won (US$3.75 billion) in interim dividends in June, up 66.9 percent from a year earlier, [...]