SEOUL, Apr. 18 (Korea Bizwire) – Over the past decade, Taiwan’s 100 largest companies by market capitalization have surpassed their South Korean counterparts in terms of total market value and operating profits, according to a new analysis. A study by the corporate data research firm CEOScore, which examined the top 100 non-financial companies in South Korea [...]
SEOUL, Nov. 3 (Korea Bizwire) — Naver Corp., South Korea’s top internet portal operator, said Friday its third-quarter net profit jumped 53.8 percent from a year earlier, powered by robust growth of its commerce, content and cloud businesses. Third-quarter net profit amounted to 356.2 billion won (US$265.2 million) on a consolidated basis in the July-September [...]
SEOUL, April 18 (Korea Bizwire) – Car insurers in South Korea turned to a profit in 2021 for the first time in four years thanks to a pandemic-caused fall in loss rates and a rise in insurance premiums and subscribers, data showed Monday. According to the data by the Financial Supervisory Service (FSS), 12 car [...]
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, Dec. 14 (Korea Bizwire) — South Korean companies saw their combined sales inch up in 2019 but their operating profits tumble amid a trade spat between the United States and China, as well as weak demand for semiconductors, government data showed Monday. The combined sales of 752,675 companies reached 4,987 trillion won (US$4.52 trillion) [...]
SEOUL, Nov. 3 (Korea Bizwire) – The higher the operating profit is for large-sized companies, the less it is for smaller subcontractors, a recent study revealed. The Korea Institute of Public Finance announced Monday the analysis of performance among subcontractors working with conglomerates based on data from 2013 and 2014 provided by Nice Information Service [...]
SEOUL, Oct. 20 (Korea Bizwire) — The sales to operating profit ratio of South Korea’s bakeries is falling behind that of coffee shops and fried chicken restaurants. Roughly 18,500 bakeries that produce their own baked goods were operating across the country as of August, according to a report from KB Financial Group, a major South [...]
SEOUL, Aug. 16 (Korea Bizwire) — SK Group, a South Korean telecom-to-chemicals conglomerate, ranked first in first-half net profit, beating Samsung Group on equity gains from its affiliates, a local market data provider said Sunday. In the six months that ended in June, SK Group’s consolidated net profit jumped 32 percent to 6.19 trillion won [...]
SEOUL, May 18 (Korea Bizwire) — South Korean giant food manufacturers boasted two-digit profit growth in the first three months of this year on brisk demand for instant home meal products amid coronavirus-led social distancing, data showed Monday. In the January-March period, earnings of food conglomerate CJ Cheiljedang Corp. were 28 percent higher than brokerages’ [...]
SEOUL, Nov. 27 (Korea Bizwire) — Large South Korean companies’ ability to service their debts worsened sharply in the first nine months of this year due to plunging profits, a corporate tracker said Wednesday. The interest coverage ratio for 241 out of the country’s top 500 firms averaged 5.08 as of end-September, compared with 10.01 [...]