SEOUL, Apr. 15 (Korea Bizwire) — General Motors’ South Korean operations, GM Korea, reported operating profits exceeding 1 trillion won in 2023, marking the highest level since the company’s establishment in 2002 as GM Daewoo. This remarkable performance was driven by the success of strategically allocated models from the global headquarters, the Chevrolet Trailblazer and Trax [...]
SEOUL, Nov. 16 (Korea Bizwire) –Hyundai Motor Co., South Korea’s top automaker, is expected to post the biggest operating profit among local listed firms in 2023, outstripping perennial leader Samsung Electronics Co., a corporate tracker said Thursday. Samsung Electronics has remained atop the operating income list since 2009, but its operating income is forecast to [...]
SEOUL, Aug. 15 (Korea Bizwire) — South Korea’s four major refiners posted a record combined operating profit in the first half as high oil prices pushed up refining margins, their earnings data showed Monday. From January to June, SK Innovation Co., GS Caltex Corp., S-Oil Corp. and Hyundai Oilbank Co. reported 12.32 trillion won (US$9.43 [...]
SEOUL, Jan. 19 (Korea Bizwire) – Hyundai Motor Co. and affiliate Kia Corp. are expected to post double-digit growth in their fourth-quarter operating profit, helped by robust domestic sales despite the coronavirus pandemic. Strong local demand for their vehicles helped Hyundai Motor and Kia offset their weak overseas sales in the October-December period, analysts said. [...]
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 [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s 81 business groups posted a 46 percent on-year jump in their combined operating profit last year, helped by strong results on the part of leading players, a local corporate monitoring website said Wednesday. As of Friday, businesses that have released their preliminary earnings reports and are among [...]
SEOUL, Jan. 16 (Korea Bizwire) — The annual operating profit of Starbucks Coffee Korea Co., the local unit of the U.S. giant, surpassed the 100 billion-won (US$94 million) mark for the first time last year, driven by solid demand from young consumers, industry sources said Tuesday. The operating profit of the coffee chain, which is [...]
SEOUL, April 7 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its first-quarter operating profit for this year advanced 48.2 percent on-year, apparently helped by the robust performance of its chip business. Operating profit is estimated at 9.9 trillion won (US$8.76 billion) in the January-March period, compared with 6.68 trillion won posted a year [...]
SEOUL, March 8 (Korea Bizwire) – Samsung Electronics Co. is expected to report a 30-percent jump in its first-quarter operating profit as strong sales of semiconductors continue to drive earnings, market data showed Wednesday. According to a survey of earnings forecasts by market tracker FnGuide, Samsung is likely to post an operating profit of 8.7 [...]
SEOUL, Jan. 24 (Korea Bizwire) – Samsung Electronics Co. said Tuesday its operating profit for the fourth quarter of 2016 jumped 50.11 percent on year, thanks to rising prices of semiconductors and display panels. Operating profit, which excludes income from subsidiaries, stood at 9.2 trillion won (US$7.89 billion) for the October-December period last year, compared [...]