SEOUL, Oct. 4 (Korea Bizwire) — An extended slump is expected to undermine South Korean shipbuilders’ earnings in the third quarter of the year amid the COVID-19 pandemic, with a meaningful recovery in the near future not in sight. According to the data provided by global market researcher Clarkson Research Service, global new orders for [...]
SEOUL, Oct. 4 (Korea Bizwire) — South Korean steelmakers are expected to have performed better in the third quarter despite the new coronavirus fears, moving on from a slump a quarter ago, analysts said on Sunday. The country’s major steelmakers are likely to have earned more in the July-September period, thanks to a rebound in [...]
SEOUL, Oct. 4 (Korea Bizwire) — Major listed firms in South Korea are likely to have racked up decent profits in the third quarter this year, with their operating profit expected to have soared about 20 percent despite the new coronavirus outbreaks, analysts said on Sunday. The third-quarter operating income of 147 listed firms on [...]
SEOUL, Oct. 4 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, is expected to report mediocre third-quarter earnings in the face of memory price decline, analysts here said Sunday. SK hynix was projected to log 7.9 trillion won (US$6.7 billion) in sales in the July-September period, up 15.5 percent from a year [...]
SEOUL, Oct. 2 (Korea Bizwire) — South Korean mobile carriers are tipped to post improved earnings in the third quarter this year on the back of increased 5G subscribers, analysts said Friday. The combined operating profits of the country’s three major telecom operators — SK Telecom Co., KT Corp. and LG Uplus Corp. — are [...]
SEOUL, Sept. 29 (Korea Bizwire) — LG Electronics Inc. is likely to report its largest third-quarter earnings in 11 years on the back of increased demand of its premium home appliance and TV products amid the pandemic-driven stay-at-home trend, analysts said Tuesday. LG was expected to log 16.12 trillion won (US$13.7 billion) in sales in [...]
SEOUL, Sept. 28 (Korea Bizwire) — Samsung Electronics Co. is expected to report strong third-quarter earnings, analysts here said Monday, as its mainstay semiconductor business remained solid despite a decline in memory prices, while its mobile and home appliance sales soared on pent-up demand amid the pandemic. Samsung was projected to log 63.95 trillion won [...]
SEOUL, Aug. 24 (Korea Bizwire) — Despite a recent market seesaw, foreign investment banks have painted a rosy outlook of the South Korean stock market amid signs of improving economic conditions and ample liquidity, sources said Monday. Global investment bank Credit Suisse recently upgraded its outlook for the Korea Composite Stock Price Index (KOSPI) to [...]
SEOUL, July 20 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea’s two biggest carmakers, may suffer a sharp decline in the second-quarter earnings as a result of the coronavirus outbreak, but have fared well compared to foreign rivals, analysts said Monday. In the three months that ended June 30, [...]
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 [...]