SEOUL, July 4 (Korea Bizwire) — Samsung SDI Co.’s electric vehicle (EV) battery business is expected to have turned to operating profit for the first time in the second quarter on strong demand by global automakers, analysts said Sunday. Samsung SDI Co., the battery arm of Samsung Electronics Co., was forecast to have posted 3.4 [...]
SEOUL, Jan. 20 (Korea Bizwire) — A recent survey showed that disasters like the paralysis of public healthcare and IT infrastructure are expected to have a higher risk in the post-coronavirus era. The National Disaster Management Institute asked 100 disaster safety-related professionals to pick five disasters with a potential to be highly impacted by the [...]
SEOUL, Jan. 13 (Korea Bizwire) — South Korea’s exports of organic light-emitting diode (OLED) displays are expected to jump nearly 20 percent on-year to an all-time high in 2021 on growing global demand, sources said Wednesday. Overseas shipments of OLED panels are projected to soar 19.6 percent on-year to US$13 billion this year, accounting for [...]
SEOUL, Dec. 14 (Korea Bizwire) — After going through a tough battle to survive this year due to the spread of the COVID-19 pandemic, South Korea’s airline industry is expected to have another gloomy year in 2021. South Korea’s top flag carrier Korean Air Lines Co. and No. 2 carrier Asiana Airlines Inc. are in [...]
SEOUL, Nov. 24 (Korea Bizwire) — A recent surge in coronavirus infections at home and abroad is likely to come as a big draw on South Korean oil refiners already battered by the fallout from the pandemic, industry sources said Tuesday. Whipsawed by weak oil prices and sluggish refining margins, industry leader SK Innovation Co. [...]
SEOUL, Nov. 23 (Korea Bizwire) — South Korean brokerage houses expect the local stock market to continue its upturn to reach a new zenith in 2021 on expectations for an economic recovery, sources said Monday. Thirteen securities companies have forecast the upper-end target band for the benchmark Korea Composite Stock Price Index (KOSPI) to range [...]
SEOUL, Oct. 28 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are expected to report a combined operating profit of about 3 trillion won (US$2.7 billion) in the fourth quarter on new models and improved product mix, after delivering poor business results in the past quarter, analysts said Wednesday. Hyundai and [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korea’s national debt is expected to soar over the next four years, which may have a negative impact on the country’s creditworthiness, a report said Monday. In particular, Seoul’s interest-bearing state debt is likely to rocket nearly 78 percent over the period based on the government’s 2020-24 fiscal [...]
SEOUL, Oct. 18 (Korea Bizwire) — South Korean shippers, led by industry leader HMM Co., are forecast to post strong earnings in the third quarter of the year on the back of increased fare and a drop in fuel costs, industry sources said Sunday. “A gradual recovery in global maritime cargo volume pushed up global [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean oil refiners’ third-quarter earnings are unlikely to recover markedly following their worst performances in the first half due to the fallout from the coronavirus pandemic, industry sources said Monday. The grim outlook comes as leader SK Innovation Co. and three other players have been whipsawed by weak [...]