SEOUL, April 13 (Korea Bizwire) — South Korean banks’ overseas operations saw their earnings jump nearly 62 percent in 2021 from a year earlier on higher interest income, data showed Wednesday. The combined net profit of local lenders’ 204 overseas subsidiaries and branches stood at US$1.17 billion in 2021, up 62.1 percent from a year [...]
SEOUL, March 21 (Korea Bizwire) — Major overseas units of South Korean automaking titan Hyundai Motor Group were profitable in 2021 on brisk sales of eco-friendly vehicles and increased capacity utilization, company data showed Monday. Hyundai Motor Co., the group’s flagship, said its U.S. production unit swung to a net profit of 237 billion won [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s military is set to ship COVID-19 treatment pills to three overseas units Friday following virus outbreaks there, officials here said. Pfizer’s Paxlovid antiviral pills will be sent by air to the contingents in the United Arab Emirates (UAE), South Sudan and Lebanon under Thursday’s distribution approval by [...]
SEOUL, Dec. 17 (Korea Bizwire) — South Korea is considering sending COVID-19 vaccines for booster shots to its troops abroad, officials said Friday, amid concerns over breakthrough infections and the omicron variant. It initially sought the local supply of additional vaccines needed for booster jabs. But it has begun consultations with the Korea Disease Control [...]
SEOUL, Oct. 6 (Korea Bizwire) — South Korean financial companies’ overseas units saw their earnings jump more than 27 percent in the first half of the year despite the coronavirus pandemic, a corporate tracker said Wednesday. According to CEO Score, 222 overseas subsidiaries of major banks and other financial institutions posted a combined net income [...]