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 [...]
SEOUL, Apr. 24 (Korea Bizwire) — SK hynix Inc. said Tuesday its first-quarter net profit advanced 64.4 percent on-year to post its second-highest quarterly report ever, helped by the continued industrywide boom around the globe. Net profit came to 3.1 trillion won (US$2.89 billion), rising 64.4 percent from 1.89 trillion won posted a year earlier, [...]
SEOUL, Apr. 15 (Korea Bizwire) — South Korean brokerages on Saturday forecast that 128 companies listed on the main bourse will post a 16 percent on-year jump in combined operating profit in the first quarter. Local brokerages estimated the 128 listed firms on the Korea Exchange (KRX) will post a combined operating profit of 46.8 [...]
SEOUL, Apr. 6 (Korea Bizwire) — Samsung Electronics Co. said Friday its first-quarter operating profit is presumed to have set another record by rising 57.58 percent from the previous year, apparently on the back of improved performance by its mobile division, with its chip arm also contributing to earnings. The operating profit was estimated at [...]
BALTIMORE, Mar. 15 (Korea Bizwire) — WillScot Corporation (NASDAQ:WSC) (“Williams Scotsman”) today announced its fourth quarter and full year 2017 financial results. As a result of the Business Combination and the Carve-Out Transaction described below, (i) Williams Scotsman’s consolidated financial results for periods prior to November 29, 2017 reflect the financial results of Williams Scotsman [...]
SEOUL, Mar. 15 (Korea Bizwire) — Starbucks Coffee Korea posted a record operating profit last year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Thursday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 114.4 billion won (US$107 million) in operating profit on 1.2 trillion won [...]
SEOUL, Jan. 31 (Korea Bizwire) — Samsung Electronics Co. said Wednesday that its board of directors has approved a 50:1 stock split due to record highs in sales and operating profits in the fourth quarter on rising chip demand. Net profit came to 12.25 trillion won (US$11.4 billion) in the October-December period, compared with 7.08 [...]
SEOUL, Jan. 9 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. said Tuesday its fourth-quarter operating profit is expected to jump 63.8 percent on-year and is poised to set another record, apparently pushed up by the global boom in the chip industry. Operating profit was estimated at 15.1 trillion won (US$14.1 billion) in [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korea’s online shopping malls are expected to post a combined 1 trillion won (US$915 million) operating loss this year as they offer excessive discounts in a competition with rivals to dominate the growing market, industry sources said Wednesday. The rising losses over the past few years come amid [...]
SEOUL, Sept. 12 (Korea Bizwire) — Operating profits of Starbucks Coffee Korea are expected to exceed 100 billion won (US$88.4 million) this year amid growing popularity of the U.S. coffeehouse chain here, industry sources said Tuesday. The 50-50 joint venture between retail conglomerate Shinsegae and the U.S. coffee giant posted 52.8 billion won in operating [...]