SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are set to fare well on competitive sport utility vehicles and extended presence in the U.S. market next year following an above-average performance this year amid a slowing economy, analysts say. Three others — GM Korea Co., Renault Samsung Motors [...]
SEOUL, Nov. 22 (Korea Bizwire) — After a tough year, South Korea’s major retailers are tipped to log a modest improvement in their earnings next year on the back of improved business conditions and cost-cutting efforts, industry sources said Friday. This year has been the toughest ever for two homegrown retail giants, Emart and Lotte [...]
SEOUL, Nov. 19 (Korea Bizwire) — Samsung Electronics Co.’s operating earnings are expected to rebound in the first quarter of 2020 compared with a year ago on a recovery in chip demand and low base effect, analysts said Tuesday. Samsung’s operating profit was estimated at 6.6 trillion won (US$5.6 billion) in the first three months [...]
SEOUL, Nov. 4 (Korea Bizwire) — Major South Korean listed firms are expected to see their profitability turn for the better in 2020 on a rebound in global chip demand and low material costs, a market tracker said Monday. The combined operating profit of 279 listed companies is forecast to reach 165.8 trillion won (US$142 [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s consumer price growth is anticipated to hit a record low level this year due mainly to declines in prices of agricultural and petroleum products, market watchers said Sunday. South Korea’s consumer prices inched up 0.5 percent over the January-August period, marking the lowest figure since Statistics Korea [...]
SEOUL, Sept. 2 (Korea Bizwire) — Flying taxis and buses, a sleepover in space, self-cleaning homes, and internet that connects to the brain. These are part of the landscape that six of Britain’s leading academics and futurists have drawn for the future in 50 years’ time, published in Samsung KX50: The Future in Focus report, [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korean shipbuilders are anticipated to miss their annual order targets in 2019 amid the drawn-out U.S.-China trade dispute and the global economic slowdown, industry watchers said Sunday. The country’s top three shipyards — Hyundai Heavy Industries Group, Samsung Heavy Industries Co. and Daewoo Shipbuilding & Marine Engineering Co. [...]
SEOUL, Jun. 19 (Korea Bizwire) – South Korean chipmakers may wish they were undergoing the bottom of the memory chip down cycle in the second quarter before entering a recovery mode later this year, but it seems like they have to deal with unfavorable business conditions longer than expected due to prolonged global trade tension. [...]
SEOUL, Feb. 10 (Korea Bizwire) — Major foreign investment banks (IBs) revised down their forecasts for South Korea’s economic growth for this year citing sluggish exports and slowing global demand, a report showed Sunday. The average growth forecast for 2019 by nine major global IBs stood at 2.5 percent as of end-January, down 0.1 percentage [...]
SEOUL, Jan. 21 (Korea Bizwire) — Hydrogen-powered vehicles have the potential for growth and can lead South Korea’s auto industry into the future, but a longer-term perspective is advisable due to some hurdles in the nascent sector, market watchers here said Monday. The country’s hydrogen car market has gained traction on the back of strong [...]