outlook Archives | Be Korea-savvy
Naver, Kakao Tipped to Report Strong Q2 Earnings amid Pandemic

Naver, Kakao Tipped to Report Strong Q2 Earnings amid Pandemic

SEOUL, July 11 (Korea BIzwire) — Naver Corp., South Korea’s top Internet portal operator, and Kakao Corp., the operator of the country’s top mobile messenger KakaoTalk, are forecast to report stronger-than-expected earnings for the second quarter amid the coronavirus pandemic, industry reports showed Saturday. The operating profit of Kakao is likely to soar by 136 [...]

Food Makers Tipped to Have Logged Solid Q2 Earnings on Pandemic-related Demand

Food Makers Tipped to Have Logged Solid Q2 Earnings on Pandemic-related Demand

SEOUL, July 10 (Korea Bizwire) — South Korea’s food makers are estimated to have recorded sharply higher operating profits in the second quarter as the new coronavirus outbreak boosted demand for ready-to-eat meals, a poll showed Friday. The combined operating profit by CJ Cheiljedang Corp., Nongshim Co., Orion Corp., Ottogi Co. and Samyang Foods Co. [...]

Cosmetics Makers’ Q2 Profits Tipped to Have Fallen 20 pct amid Pandemic

Cosmetics Makers’ Q2 Profits Tipped to Have Fallen 20 pct amid Pandemic

SEOUL, July 9 (Korea Bizwire) — South Korea’s major cosmetics makers are forecast to have seen their operating profits fall nearly 20 percent in the second quarter from a year ago as sales at duty-free shops faltered amid the coronavirus pandemic, a poll showed Thursday. The combined operating profits of Amorepacific, LG Household & Health [...]

S. Korean Economy Tipped to Contract This Year, but Positive Growth Still Possible

S. Korean Economy Tipped to Contract This Year, but Positive Growth Still Possible

SEOUL, July 5 (Korea Bizwire) — South Korea’s economy is widely expected to suffer its first annual contraction in over a decade this year but may expand, depending on how swiftly and effectively the government implements its budget spending and how quickly the COVID-19 pandemic is brought under control, a think tank said Sunday. “Considering [...]