SEOUL, June 25 (Korea Bizwire) — Major South Korean battery makers are tipped to post strong quarterly profits in the second quarter, continuing the robust growth on the back of solid demand in North America and tax benefits from a new U.S. law on green energy, industry data showed Sunday. Top player LG Energy Solution [...]
SEOUL, June 25 (Korea Bizwire) – SK hynix Inc. and the chip division of Samsung Electronics Co. are expected to post quarterly losses in the second quarter after reporting losses in the previous three months as the chip downturn drags on, market data showed Sunday. Samsung Electronics is projected to report an operating profit of [...]
SEOUL, June 6 (Korea Bizwire) – The role of “prompt engineers,” responsible for optimizing the performance of artificial intelligence (AI) tools such as ChatGPT, is emerging as a promising profession, but a debate is intensifying regarding its future. Kang Soo-jin, a linguistics PhD, recently secured a position as a prompt engineer at the South Korean [...]
SEOUL, April 23 (Korea Bizwire) — Samsung Electronics Co. is likely to post an operating loss in the second quarter on a chip downturn and decline in mobile demand, in what will be the first quarterly loss for the world’s largest memory chip maker in nearly 15 years, according to analysts Sunday. Samsung Electronics could [...]
SEOUL, April 12 (Korea Bizwire) — The global electric vehicle (EV) battery market is forecast to post rapid growth to US$616 billion in 2035, a market tracker said Wednesday, with the China-based production likely to sharply shrink amid the EV-related policy revamps in the United States and Europe. The projection marks a fivefold increase from [...]
SEOUL, April 4 (Korea Bizwire) — Ahead of the announcement of preliminary first-quarter earnings results scheduled to be released on Friday, Samsung Electronics Co. is under close watch to see whether its stance on production cutbacks will change. Previously, the world’s largest memory chip maker dismissed the possibility of artificial production cuts. But there are [...]
SEOUL, Feb. 14 (Korea Bizwire) — Kakao Pay Corp., the online payment unit of South Korean tech giant Kakao Corp., is expected to see its earnings and share price decline due to Apple Pay’s debut in the country. DB Financial Investment last week downgraded shares of Kakao Pay from “buy” rating to “hold.” Considering that [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korea’s major logistics firms, which enjoyed a boom during the pandemic period, are expected to report relatively sluggish results this year due to a decline in parcel traffic. CJ Logistics Corp., the nation’s largest courier company, is estimated to have chalked up an operating profit of 417.5 billion [...]
SEOUL, Jan. 28 (Korea Bizwire) — South Korea’s state pension operator said Friday its fund is anticipated to be depleted in 2055 should the country maintain the current system amid the critically low birth rates and the aging population. The fund is also set to post a shortfall starting in 2041, according to the latest [...]
SEOUL, Dec. 17 (Korea Bizwire) — North Korea is likely to push forward with the development of its strategic and tactical nuclear weapons as well as reconnaissance satellites next year as Pyongyang seeks to strengthen its nuclear and missile capabilities, according to an expert Friday. “For the goal of the North Korean version of possessing [...]