SEOUL, July 5 (Korea Bizwire) — Major South Korean oil refiners are estimated to have reaped strong earnings in the second quarter following record profits in the previous quarter, boosted by widened margins and higher oil prices, industry data showed Tuesday. Top player SK Innovation Co. is expected to have posted 1.81 trillion won (US$1.39 [...]
SEJONG, June 28 (Korea Bizwire) — The proportion of one-person households in South Korea is expected to reach nearly 40 percent in 2050 due to a delay in marriages and rapid aging, a government estimate showed Tuesday. The number of households consisting of one member is forecast to reach 9.05 million in 2050, taking up [...]
SEOUL, June 27 (Korea Bizwire) — Once firmly on the path to recovery from the disruption brought on by the coronavirus pandemic, the South Korean airline industry is now facing a crisis of being trapped in ‘three highs,’ a term describing high inflation, high exchange rates and high interest rates. The price of aircraft fuel [...]
SEOUL, June 24 (Korea Bizwire) — Investor sentiment has been unduly negative toward Samsung Electronics in light of the company’s strong performance and solid earnings forecast, a chief analyst at a local research firm has said. “I think investor worries are excessive. Limited supply will shore up memory chip prices in the coming months,” Greg [...]
SEOUL, May 27 (Korea Bizwire) — South Korea’s top no-frills airline Jeju Air Co. and other key industry players are on course to bounce back from a yearslong slump on the back of rising international travel demand, a local brokerage house said Friday. Jeju Air, Jin Air Co., T’way Air Co. and other low-cost carriers [...]
SEOUL, May 26 (Korea Bizwire) — South Korea’s working-age population is expected to plunge 35 percent over the next 30 years amid the record low birthrate and rapid aging, a government estimate showed Thursday. The working-age population, or people aged 15 to 64, is expected to reach 24.19 million in 2050, down from 37.38 million [...]
SEOUL, Jan. 2 (Korea Bizwire) – South Korea’s initial public offering (IPO) market is expected to have another bumper year in 2022 as a slew of companies, including battery maker LG Energy Solution, are planning for stock market debuts, analysts said Sunday. The amount of money raised via IPOs on the main and tech-heavy stock [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korea’s corporate capital spending is expected to expand nearly 4 percent in 2022 on a recovery in manufacturing activity and private consumption, a poll showed Wednesday. The survey of 3,700 big, midsize and small companies, taken by the state-run Korea Development Bank (KDB), showed their combined facility investments [...]
SEOUL, Oct. 18 (Korea Bizwire) — South Korea’s major travel agencies are expected to recover from the prolonged fallout of the COVID-19 pandemic and swing to a profit in 2022 on growing demand for overseas travel, a market tracker said Monday. Local brokerage houses have projected that industry leader HanaTour could register a consolidated operating [...]
SEOUL, Aug. 18 (Korea Bizwire) — The global semiconductor market is expected to expand 25.1 percent this year on the back of robust growth from the memory sector, a report from an industry tracker showed Wednesday, amid concerns of a slowdown in demand. World Semiconductor Trade Statistics (WSTS), a nonprofit organization of chipmakers, said the [...]