Profit-taking
Scope
Date
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Earnings
Hyundai Motor Q1 net profit triples; chip shortage dims Q2 outlook
South Korea’s top automaker Hyundai Motor Co. said on Thursday its first-quarter net profit nearly tripled to the highest level in four years,...
Apr 22, 2021 (Gmt+09:00)
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E-commerce
Live commerce app Grip aims to take over the world via shopping
There's an app where users can shop as if they're video chatting with their friends. How does this work? A seller will introduce products via livest...
Apr 14, 2021 (Gmt+09:00)
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Earnings
Facebook's operating profit surges sixfold in S.Korea; tops $10 mn
Last year's South Korea-based earnings for some global IT firms were disclosed publicly for the first time only this year, following a revision to...
Apr 13, 2021 (Gmt+09:00)
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Steel
Dongkuk Steel’s Brazil plant: From ugly duckling to golden swan
For Dongkuk Steel Mill Co., South Korea’s third-largest steelmaker, Companhia Siderurgica do Pecem steel mill in Brazil, commonly known as CSP...
Apr 09, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Chinese PE firm pays $1.4 bn to take over Magnachip Semiconductor
South Korean chipmaker Magnachip Semiconductor Corp. announced on Mar. 27 that it has entered into a definitive agreement to be acquired by China-ba...
Mar 28, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung to ramp up EUV scanners to take on foundry leader TSMC
In the semiconductor industry, having cutting-edge equipment to produce advanced chips is crucial to chipmakers' survival, particularly foundries th...
Mar 15, 2021 (Gmt+09:00)
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MICE business
COEX to run Vietnam’s No.2 convention center as MICE industry takes off
The Korea International Trade Association (KITA) and its exhibition operating unit, the Convention & Exhibition Center (COEX), will run Vietnam&...
Mar 09, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor debuts all-electric IONIQ5 as EV battle rages on
Hyundai Motor Co. on Tuesday debuted a new, all-electric IONIQ5, the first model under its standalone electric vehicle sub-brand, amid intensifying ...
Feb 23, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s Optrontec eyes growth in optical lens sales as EVs take off
Optrontec Inc., a small South Korean manufacturer and provider of optical filters, lenses and three-dimensional sensing technology, has been ramping...
Feb 16, 2021 (Gmt+09:00)
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K-pop
Big Hit, Naver to join with Universal Music to take K-pop platform global
Big Hit Entertainment Co., the label behind K-pop sensation BTS, and portal giant Naver Corp. are set to team up with Universal Music Group, the wor...
Feb 04, 2021 (Gmt+09:00)
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Earnings
LG Electronics' 2020 sales, operating profit hit all-time highs
South Korea’s LG Electronics Inc. on Friday posted record 2020 operating profit and revenue, boosted by robust sales in its home appliance div...
Jan 29, 2021 (Gmt+09:00)
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Earnings
SK Hynix sees robust chip demand; Q4 profits jump y/y
SK Hynix Inc., the world’s second-largest DRAM maker, reported stronger-than-expected quarterly earnings on Friday and expected the DRAM marke...
Jan 29, 2021 (Gmt+09:00)
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Shareholder value
Samsung to pay record dividends, more through 2023; Q4 profit jumps
Samsung Electronics Co. has announced that it will pay record-high dividends to its shareholders this year and raise dividends further in coming yea...
Jan 28, 2021 (Gmt+09:00)
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Earnings
Kia delivers Q4 earnings surprise; operating profit hits all-time high
Kia Corp., South Korea’s second-largest automaker, on Wednesday posted a record quarterly operating profit on the back of strong sales of high...
Jan 27, 2021 (Gmt+09:00)
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Earnings
Hyundai Motor Q4 net profit jumps on Genesis, high-end SUVs
Hyundai Motor Co. on Tuesday reported a 78% jump in its fourth-quarter net profit, driven by robust sales of its luxury Genesis models and high-end ...
Jan 26, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung wins Intel foundry order; TSMC takes GPU deal
Samsung Electronics Co. has clinched its first order from Intel Corp. to manufacture Intel-designed chips, as the world’s top memory chipmaker...
Jan 21, 2021 (Gmt+09:00)
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ESG
ESG becomes name of the game on Korean corporate boards
South Korea’s big companies, such as Samsung, Hyundai and LG, are increasingly embracing environmental, social and governance (ESG) standards ...
Jan 20, 2021 (Gmt+09:00)
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Steel
POSCO may see Q1 operating profit reach $900 mn
South Korea's largest steelmaker POSCO may see its operating profit climb to the 1 trillion won ($906 million) range as domestic steel companies e...
Jan 17, 2021 (Gmt+09:00)
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Earnings
Samsung flags decent Q4 earnings growth, misses estimates on KRW, Apple
South Korea’s tech giant Samsung Electronics Co. has flagged that its fourth-quarter operating profit likely rose by nearly a third from a yea...
Jan 08, 2021 (Gmt+09:00)
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Artificial intelligence
LG takes over controlling stake in US TV data analysis firm Alphonso
South Korea’s LG Electronics Inc. has acquired a controlling stake in US-based TV data analysis startup Alphonso Inc. to strengthen its softwa...
Jan 07, 2021 (Gmt+09:00)
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Cloud computing
NHN, Intel team up to take on cloud business
South Korean IT heavyweight NHN Corp. and US-based tech giant Intel Corp. have entered into a strategic partnership to boost their presence in the c...
Nov 26, 2020 (Gmt+09:00)
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Robotics
Korean medical robot opens a new era of neurosurgery in large hospitals
South Korea’s first neurosurgery robot, developed by 3D inspection device maker Koh Young Technology Inc., is ready to join the medical robot ma...
Nov 24, 2020 (Gmt+09:00)
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Korean startups
Stipop, taking on the world one sticker at a time
Emojis and stickers, pictorial icons used to convey emotions in messaging apps, help break down language barriers as users can intuitively recognize...
Nov 16, 2020 (Gmt+09:00)
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Earnings
Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains
South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...
Nov 05, 2020 (Gmt+09:00)
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Earnings
LG Electronics posts record-high Q3 sales, operating profit
LG Electronics Inc.’s quarterly operating profit and sales surged thanks to solid growth in its television and home appliance segments and small...
Oct 30, 2020 (Gmt+09:00)
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Earnings
Pandemic lifts Naver's Q3 sales to all-time high, net profit triples
South Korea’s largest internet portal Naver Corp.’s third-quarter net profit nearly tripled, while its sales rose to a record high, driven...
Oct 29, 2020 (Gmt+09:00)
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Earnings
Samsung Elec posts record-high quarterly sales, warns of Q4 profit decline
Samsung Electronics Co.’s third-quarter operating profit rose to its highest level in two years on firm demand in smartphones and memory chips, ...
Oct 29, 2020 (Gmt+09:00)
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Earnings
POSCO swings to Q3 operating profit vs Q2; steel demand on rise
POSCO, the world’s fifth-largest steelmaker, has swung to an operating profit in the third quarter from the second quarter, when it reported its...
Oct 23, 2020 (Gmt+09:00)
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Display earnings
LG Display swings to Q3 profit, ending six-quarter string of losses
LG Display Co., a major South Korean display panel maker, has swung to a quarterly profit for the first time in seven quarters on growing demand amid ...
Oct 22, 2020 (Gmt+09:00)
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Bio earnings
Samsung Biologics Jan-Sept profit beats entire 2019 gains
Samsung Biologics Co., the world’s largest contract manufacturing organization (CMO) in terms of capacity, posted an operating profit of 200.2 b...
Oct 21, 2020 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer