SEOUL, Oct. 7 (Korea Bizwire) — It has been confirmed that as many as 18,000 “full-time” landlords make money by renting out apartments full-time, without any other job. According to data received by Rep. Park Hong-keun from the National Tax Service, the number of individuals that live off of rental income, or so-called ‘landlords’, came [...]
SEOUL, Sept. 29 (Korea Bizwire) — The combined corporate taxes that will be paid by listed firms of South Korea’s top 10 business conglomerates is set to more than halve, as their profits dropped in the first six months due to slowing exports and weaker demand at home, industry data showed Sunday. According to the [...]
SEOUL, Feb. 27 (Korea Bizwire) — The average monthly operating profit among micro business owners in South Korea was 2.69 million won (US$2,407) in 2017. The average profit margin was 15.8 percent per month. Seven out of 10 micro business owners said sales had shrunk over the past year, while 4 out of 10 said [...]
SEOUL, Jan. 31 (Korea Bizwire) — Samsung Electronics Co. said Thursday its fourth-quarter net earnings declined 30.7 percent compared with a year ago due to weakening demand for its memory chips and smartphones. In a regulatory filing, the world’s leading memory chip and smartphone manufacturer said its net earnings came in at 8.5 trillion won [...]
SEOUL, Jan. 30 (Korea Bizwire) — POSCO, South Korea’s biggest steelmaker, said Wednesday that its net profit dropped 36 percent last year from a year earlier on a one-off valuation loss, reduced gains from asset sales and higher taxation. Net profit reached 1.89 trillion won (US$1.69 billion) on a consolidated basis, compared with a net [...]
SEOUL, Oct. 25 (Korea Bizwire) — Doosan Heavy Industries and Construction Co. (DHIC) is transferring employees to other subsidiaries and considering putting staff on paid leave as the company has been suffering from poor performance. The company announced on Wednesday that it is looking into the possibility of sending employees over to Doosan Corporation, Doosan [...]
NEW YORK, Jul. 25 (Korea Bizwire) — Nasdaq, Inc. (Nasdaq:NDAQ) today reported financial results for the second quarter of 2018. Second quarter 2018 net revenues were $615 million, up $19 million, or 3%, from $596 million in the prior year period. The second quarter increase in net revenues included a $40 million, or 7%, impact [...]
DENVER, May 16 (Korea Bizwire) — Sundance Energy Australia Limited (ASX:SEA) (NASDAQ:SNDE) (“Sundance” or the “Company”), a U.S. onshore oil and gas exploration and production company focused in the Eagle Ford in South Texas, reported its first quarter 2018 financial and operations results. First Quarter 2018 Financial Results Adjusted EBITDAX of $12.3 million, or 51.3 [...]
GERMANTOWN, Md., May 15 (Korea Bizwire) — Neuralstem, Inc. (Nasdaq:CUR), a biopharmaceutical company focused on the development of nervous system therapies based on its neural stem cell technology, provides a business update and reported its financial results for the first quarter ended March 31, 2018 . “We remain committed to the development of NSI-566, our [...]
SEOUL, May 13 (Korea Bizwire) — GM Korea Co. aims to return to profit next year as the South Korean unit of General Motors Co. expects investment in new vehicles and reduced debts will help improve its financial status, the company said Saturday. In the four years through 2017, GM Korea posted more than 3.134 [...]