SEOUL, Feb. 16 (Korea Bizwire) — South Korea’s three major instant noodle makers saw their operating profits tumble in 2021 due largely to increased costs, their regulatory filings showed Wednesday. Nongshim Co., the leading maker of instant noodles, or “ramyeon” in Korean, said that its 2021 operating income plunged 33.8 percent from the previous year. [...]
SEOUL, Dec. 29 (Korea Bizwire) — A civic group has suggested that the nation’s three major carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — have chalked up huge profits from 4G LTE services over the past 10 years. The People’s Solidarity for Participatory Democracy analyzed LTE sales statistics for the period [...]
SEOUL, Dec. 13 (Korea Bizwire) — Nearly half of the country’s listed firms reported declines in their sales in the three quarters this year ending September, an analysis by a think tank indicated Thursday. The Korea Economic Research Institute (KERI) looked into the performances of 578 listed companies during the nine months and found sales [...]
SEOUL, Apr. 4 (Korea Bizwire) — South Korea’s cryptocurrency exchange operators reaped huge profits in 2017 on the back of the national frenzy over digital money, data showed Wednesday. The annual turnover of BTC Korea.com, which is in charge of local cryptocurrency exchange Bithumb, stood at 333.4 billion won (US$315.6 million) in 2017, up a [...]
SEOUL, Aug. 30 (Korea Bizwire) — Banks in South Korea saw their financial health improve slightly in the second quarter of this year helped by modest gains in their profits, the financial regulator said Wednesday. The average capital adequacy ratio of 18 commercial and state-run banks stood at 15.37 percent as of end-June, up 0.23 [...]