SEOUL, June 25 (Korea Bizwire) — Ultra-high definition televisions with about 8,000 horizontal pixels known as 8K TVs are being pitched as next-generation premium TVs. Despite this pitch, however, consumers have seen little need to move up from the currently ubiquitous 4K displays. According to a report released on Wednesday by the IT market research [...]
London, June 16 (Korea Bizwire) – CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that on June 15, 2020, Fitch Ratings (“Fitch”) affirmed CNH Industrial N.V.’s and CNH Industrial Capital LLC’s Long-Term Issuer Default Ratings at ‘BBB-’ and changed the Outlook from Positive to Stable. CNH Industrial N.V. (NYSE: CNHI /MI: CNHI) is a global leader [...]
SEOUL, May 28 (Korea Bizwire) — South Korean shipbuilders are expected to suffer setbacks in the second half of this year due to weak orders triggered by the coronavirus pandemic and low oil prices, market watchers have said. The data from global market researcher Clarkson Research Service showed that the combined new orders won by [...]
SEOUL, April 12 (Korea Bizwire) — South Korean refiners are expected to report a 2.5 trillion-won (US$2.06 billion) combined operating loss during the first quarter due to lower demand and refining margins, industry sources said Sunday. The country’s four major refiners — SK Innovation Co., GS Caltex Corp., Hyundai Oilbank Co. and S-Oil Corp. — [...]
SEOUL, April 12 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are set to suffer a sharp decline in their first-quarter earnings due to a growing coronavirus impact on production and sales, data showed Sunday. Hyundai Motor is expected to post an operating profit of 700 billion won (US$577 million) for [...]
SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. are set to fare well on competitive sport utility vehicles and extended presence in the U.S. market next year following an above-average performance this year amid a slowing economy, analysts say. Three others — GM Korea Co., Renault Samsung Motors [...]
SEOUL, Nov. 22 (Korea Bizwire) — After a tough year, South Korea’s major retailers are tipped to log a modest improvement in their earnings next year on the back of improved business conditions and cost-cutting efforts, industry sources said Friday. This year has been the toughest ever for two homegrown retail giants, Emart and Lotte [...]
SEOUL, Nov. 19 (Korea Bizwire) — Samsung Electronics Co.’s operating earnings are expected to rebound in the first quarter of 2020 compared with a year ago on a recovery in chip demand and low base effect, analysts said Tuesday. Samsung’s operating profit was estimated at 6.6 trillion won (US$5.6 billion) in the first three months [...]
SEOUL, Nov. 4 (Korea Bizwire) — Major South Korean listed firms are expected to see their profitability turn for the better in 2020 on a rebound in global chip demand and low material costs, a market tracker said Monday. The combined operating profit of 279 listed companies is forecast to reach 165.8 trillion won (US$142 [...]
SEOUL, Sept. 8 (Korea Bizwire) — South Korea’s consumer price growth is anticipated to hit a record low level this year due mainly to declines in prices of agricultural and petroleum products, market watchers said Sunday. South Korea’s consumer prices inched up 0.5 percent over the January-August period, marking the lowest figure since Statistics Korea [...]