SEOUL, June 2 (Korea Bizwire) — South Korea’s major companies saw their profitability sink to a 10-year low in 2019 amid an economic slowdown, data showed Tuesday. The average operating margin of the country’s 2,000 major listed companies came to 5.1 percent last year, down from 8.8 percent in 2018 and the lowest level since [...]
SEOUL, April 28 (Korea Bizwire) — Operating margins of South Korea’s top 100 companies fell to a six-year low in 2019 amid high labor costs, data showed Tuesday. Their average operating margin of the leading firms by sales stood at 4.5 percent last year, the lowest level since 2013, according to market research service provider [...]
SEOUL, Aug. 2 (Korea Bizwire) — Chip giant SK hynix Inc. posted the highest operating margin among large-gap companies in the second quarter of the year on its strong semiconductor business, data showed Wednesday. The consolidated operating margin of SK hynix, the crown jewel of South Korea’s No. 3 conglomerate SK Group, came to 45.6 [...]
SEOUL, Jan. 9 (Korea Bizwire) – Samsung’s surprise surge in 2016 Q4 profit may further close the gap with its U.S. competitor Apple. According to industry watchers, Samsung reported sales revenue of 53 trillion won ($44 billion) with an operating profit of 9.2 trillion won, for an impressive operating margin of 17.36 percent. The value [...]