SEOUL, Jan. 6 (Korea Bizwire) – LG Electronics Inc. forecast Friday that it is likely to have returned to the red in the fourth quarter of last year, indicating that its money-losing smartphone business appears to have continued to crumble. LG said it expects an operating loss of 35.3 billion won (US$29.6 million) for the [...]
SEOUL, Jan. 7 (Korea Bizwire) – South Korea’s big three shipbuilders probably posted a record operating loss in 2015, stung by a combination of a prolonged industry slump, a series of order cancellations and a delay in the construction of offshore facilities, data showed Thursday. According to the industry data, the top three shipyards — [...]
SEOUL, April 15 (Korea Bizwire) – Coupang, a social commerce operator in Korea, suffered from operating losses of more than 100 billion won last year. On April 14, Coupang announced that it posted sales of 348.5 billion won (US$317.6 million) and an operating loss of 121.5 billion won (US$110.7 million) for 2014. Although the company [...]