operating profits
Scope
Date
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Earnings
Asiana Airlines swings to profit in 2021 on cargo boom
South Korea's Asiana Airlines Inc. turned to the black in 2021, reporting its largest-ever operating profit since 2010, as global supply chain disru...
Feb 16, 2022 (Gmt+09:00)
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Korean games
NCSoft's 2021 profit halves on labor, marketing costs
South Korea's NCSoft Corp., the publisher of the popular mobile game Lineage series, on Tuesday reported a worse-than-expected operating profit in 2...
Feb 15, 2022 (Gmt+09:00)
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Earnings
HMM returns to annual profit in a decade as stake sale looms
HMM Co., South Korea’s largest container line, returned to an annual profit for the first time in a decade, boosted by higher freight rates an...
Feb 14, 2022 (Gmt+09:00)
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ESG
LG Group improves dividend policy transparency
A growing number of LG Group units have unveiled their dividend policies for the next three years for the first time in their history, as they are d...
Feb 14, 2022 (Gmt+09:00)
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Earnings
Korean Dongkuk Steel profits surge as Brazil CSP turns profitable
Dongkuk Steel Mill Co., the world’s leading manufacturer of color-coated steel, reported the largest operating profit in 13 years on strong de...
Feb 11, 2022 (Gmt+09:00)
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Banking & Finance
Korean bank profits at record-high as borrowers struggle under debt
South Korea’s major banks posted record earnings last year, boosted by higher interest income amid the central bank’s easing monetary bi...
Feb 10, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor launches robotaxi service in upscale Gangnam district
City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea. The Ministry of Lan...
Feb 09, 2022 (Gmt+09:00)
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Batteries
LG Energy, LG Chem deliver record results in 2021
South Korea's LG Energy Solution Ltd. and its parent company LG Chem Ltd. on Tuesday delivered their largest-ever results in 2021, as the increased ...
Feb 08, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor launches robotaxi service in upscale Gangnam district
City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea. The Ministry of L...
Feb 02, 2022 (Gmt+09:00)
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Earnings
LG Display turns to black in 2021 after three years
South Korea's LG Display Co. swung to an operating profit in 2021 after two consecutive years of shortfalls, led by a sharp rebound in LCD panel pri...
Jan 27, 2022 (Gmt+09:00)
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Earnings
Hyosung's operaing profit reaches record $2 bn last year
Hyosung Group’s annual operating profit exceeded two trillion won ($1.9 billion) for the first time since the company was founded in 1966.Loca...
Jan 27, 2022 (Gmt+09:00)
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Korean games
Microsoft $69 bn bet spurs Korea game makers' search for metaverse deals
South Korea’s game developers are expected to seek more acquisitions of the metaverse and non-fungible token (NFT) companies for new profit so...
Jan 20, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Affinity to send teaser for Burger King Korea, Japan sale
Affinity Equity Partners is set to send an investment teaser this week for the planned sale of Burger King’s operations in South Korea and Jap...
Jan 18, 2022 (Gmt+09:00)
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Metaverse
Lotte Group aims for top spot in metaverse retail space
Lotte Group Chairman Shin Dong-bin is known for his obsession with new tech gadgets.He’s one of those early adopters in South Korea of the Ocu...
Jan 13, 2022 (Gmt+09:00)
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Earnings
POSCO logs record profit on steel supercycle in 2021
POSCO Co., the world’s sixth-largest steelmaker, reported record earnings in 2021, adding to the bullish outlook, as China sustained a policy ...
Jan 12, 2022 (Gmt+09:00)
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Metaverse
Hyundai Motor to set up metaverse factory with Unity
Hyundai Motor Co., South Korea’s top automaker, is set to establish a digital virtual factory in a metaverse space with Unity, a US-based real...
Jan 07, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Samsung's Q4 operating profit jumps on server chips
Samsung Electronics Co. on Friday reported a 52.5% jump in preliminary fourth-quarter operating profit from a year earlier, powered by replacement d...
Jan 07, 2022 (Gmt+09:00)
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Artificial Intelligence
IGIS invests in Kakao Enterprise for AI-embedded real estate
IGIS Asset Management Co. and its venture capital affiliate are slated to invest 10 billion won ($8.3 million) in Kakao Enterprise Corp., an artific...
Jan 05, 2022 (Gmt+09:00)
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Pharamaceuticals
Korea’s CHA Biotech to triple US CDMO capacity
CHA Biotech, South Korea’s stem cell therapeutics developer, is set to expand its biomaterials contract development and manufacturing organiza...
Jan 05, 2022 (Gmt+09:00)
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Logistics
Hyundai Glovis opens firm in Chengdu for logistics to Europe
Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, has founded an affiliate in Chengdu, the largest trade city in western China, for rai...
Dec 29, 2021 (Gmt+09:00)
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Business & Politics
SK Group’s Chey rebuts FTC charges of unfair business practice
South Korea’s Fair Trade Commission has imposed a fine of 1.6 billion won ($1.3 million) on SK Group Chairman Chey Tae-won and the conglomerat...
Dec 23, 2021 (Gmt+09:00)
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Carbon neutrality
KEPCO to develop subsea transmission for ADNOC
Abu Dhabi National Oil Company (ADNOC) and Abu Dhabi National Energy Company PJSC (TAQA) awarded a $3.6 billion contract to a consortium led by Kore...
Dec 23, 2021 (Gmt+09:00)
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Electronics
LG Display OLED TV panel sales top 20 mn units on strong demand
South Korea’s major display panel maker LG Display Co. is estimated to have sold more than 20 million units of organic light-emitting diode (O...
Dec 22, 2021 (Gmt+09:00)
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Batteries
Rechargeable battery shares slump to lowest level in a year
Rechargeable battery shares in Korea are continuing their slide, hit by global supply shortages. In addition to the companies that produce completed b...
Dec 21, 2021 (Gmt+09:00)
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Korean chipmakers
Energy-saving chips emerge as new battleground
Environmental, social and governance (ESG) requirements are expected to drive high-performance chip demand higher, in particular from data center op...
Dec 20, 2021 (Gmt+09:00)
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Leadership & Management
SK Vice Chair Chey Jae-won reinstated into leadership after eight-year hiatus
Chey Jae-won, the younger brother to SK Group Chairman Chey Tae-won, returned to the conglomerate’s leadership on Dec. 17, after an eight-year...
Dec 17, 2021 (Gmt+09:00)
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Petrochemicals
Contrarian leader's bets drive Kumho Petrochem's record profits
At the end of last year, executives of Kumho Petrochemical Co. were in a heated debate on whether or not to expand the capacity of nitrile butadiene...
Dec 16, 2021 (Gmt+09:00)
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Cryptocurrencies
Dunamu boasts accumulated Q3 net profit of $1.7 bn, vows to go global
Dunamu Inc., the operator of Korea’s largest cryptocurrency exchange Upbit, has announced that its accumulated third-quarter net profit came i...
Dec 15, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai Oilbank attracts $20 million from Palantir ahead of IPO
South Korean refiner Hyundai Oilbank Co. has attracted $20 million in investment from US data analytics firm Palantir Technologies Inc. ahead of its...
Dec 09, 2021 (Gmt+09:00)
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Alternative investments
Korea’s Midas Asset buys logistics center in Italy for €200 mn
South Korea’s Midas Asset Management Co. has bought a logistics center leased to Amazon, the world’s top online shopping mall, in Italy ...
Nov 24, 2021 (Gmt+09:00)