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. [...]
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 [...]
SEOUL, July 6 (Korea Bizwire) — Doosan Infracore Co. is estimated to have suffered weak performances in the second quarter of the year due to the impact of the coronavirus pandemic, a survey showed Monday. According to the survey on five analysts by Yonhap Informax, the financial news arm of Yonhap News Agency, South Korea’s [...]
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 [...]
SEOUL, July 2 (Korea Bizwire) — LG Display Co., South Korea’s major display panel maker, is likely to report a wider loss in the second quarter of the year due to a slump in smartphone and TV demand on the pandemic, analysts here said Thursday, although it is expected to make a rebound in the [...]
SEOUL, July 1 (Korea Bizwire) — Small-sized construction equipment maker Doosan Bobcat Inc. is set to fare well in the second half of the year on the back of a rebound in the construction markets in the United States and Europe, following its weak performances in the first half, analysts said Wednesday. Doosan Bobcat may [...]
SEOUL, June 30 (Korea Bizwire) — SK hynix Inc., South Korea’s second-largest chipmaker, is likely to see its second-quarter profit more than double from a year earlier, analysts here said Tuesday, thanks to strong memory chip prices amid the novel coronavirus pandemic. SK hynix was expected to log 8.29 trillion won (US$6.9 billion) in sales [...]
SEOUL, June 29 (Korea Bizwire) — LG Electronics Inc., a major home appliance maker in South Korea, is likely to suffer a sharp decline in its second-quarter earnings due to the novel coronavirus pandemic, analysts here said Monday, although it is expected to rebound from the third quarter. LG was expected to log 13.19 trillion [...]
SEOUL, June 29 (Korea Bizwire) — Samsung Electronics Co.’s second-quarter earnings could be better than expected, analysts here said Monday, as its robust chip business is likely to offset losses in its smartphone and display businesses amid the novel coronavirus pandemic. Samsung was expected to log 53.39 trillion won (US$44.4 billion) in sales in the [...]
SEOUL, June 27 (Korea Bizwire) — South Korea’s major mobile carriers are expected to report improved bottom lines in the second quarter on the back of a rise in subscribers to 5G network services amid the pandemic, analysts said Saturday. The combined net profits of the country’s three major carriers — SK Telecom Co., KT [...]