profit taking
Scope
Date
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Electronics
Samsung set for record Q3 profit on iPhone 14 series shipments
Samsung Display Co. is expected to report its strongest results for the current quarter, after the South Korean OLED panel maker sharply increased s...
Sep 07, 2022 (Gmt+09:00)
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Pension funds
Korea may limit NPS power on shareholder derivative suits
South Korea may keep the National Pension Service (NPS), the world’s third-largest such fund, from increasing its power for shareholder deriva...
Sep 07, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Glovis takes first step for liquefied CO2 carrier
South Korea’s Hyundai Glovis Co. has taken the first step in developing the world’s largest liquefied carbon dioxide (LCO2) carrier used...
Sep 06, 2022 (Gmt+09:00)
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Blockchain
About 1,000 attend Upbit Developer Conference preliminary events
South Korea’s unicorn startup Dunamu Inc. hosted two preliminary events for the Upbit Developer Conference (UDC) scheduled for later this mont...
Sep 05, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea PE firms to buy FCCL maker NexFlex at $463 mn
South Korean private equity firms are set to take over NexFlex Co., the country’s largest manufacturer of flexible copper-clad laminates (FCCL...
Sep 02, 2022 (Gmt+09:00)
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Airlines
Korea airlines to increase flights on eased COVID-19 rule
South Korean airlines plan to increase international flights by year-end as the country is set to ease the rule on COVID-19 for travelers in a move ...
Aug 31, 2022 (Gmt+09:00)
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Webtoons
Naver Webtoon to pursue profitability with more paying subscribers
South Korea’s Naver Webtoon Corp. is seeking to increase the number of its paying subscribers as the company is shifting its business paradigm...
Aug 30, 2022 (Gmt+09:00)
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Electric vehicles
Hyundai IONIQ 6 logs record pre-orders in South Korea
Hyundai Motor Co., South Korea’s top automaker, announced on Tuesday that its first fully electric sedan IONIQ 6 is enjoying record pre-orders...
Aug 23, 2022 (Gmt+09:00)
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Bio & Pharma
Celltrion Healthcare logs record-high Q2 revenue on back of Remsima
Celltrion Healthcare Co., South Korean biopharmaceutical giant Celltrion Inc.’s global marketing affiliate, posted its record-high second-quar...
Aug 17, 2022 (Gmt+09:00)
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Artificial intelligence
LG CNS posts double-digit profit growth ahead of 2023 IPO
South Korea's largest cloud computing service provider LG CNS Co. on Tuesday reported double-digit growth in both profit and revenue in the second q...
Aug 16, 2022 (Gmt+09:00)
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Earnings
Korea game sector hopes for better profits with new titles
South Korea’s game developers aimed to improve earnings with the release of new titles in the second half after reporting disappointing quarte...
Aug 11, 2022 (Gmt+09:00)
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Electric vehicles
SK seeks to build EV charger plant in US on subsidies
SK Group, South Korea’s No. 2 conglomerate, is seeking to build an electric vehicle charger plant in the US in a move to accelerate the expans...
Aug 11, 2022 (Gmt+09:00)
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The KED View
Four chip alliance: S.Korea's courage to overcome Chinaphobia
“I'm gonna make him an offer he can’t refuse.”Ahn Cheol-soo, a senior lawmaker of South Korea’s ruling People Power Party, c...
Aug 09, 2022 (Gmt+09:00)
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Earnings
CJ CheilJedang posts record-high operating profit in Q2
South Korean food giant CJ CheilJedang Corp. logged record-high quarterly operating profit in the second quarter of 2022 amid the growing popularity...
Aug 09, 2022 (Gmt+09:00)
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Earnings
Celltrion logs strong Q2 earnings powered by biosimilars
South Korea’s biopharmaceutical maker Celltrion Inc. on Friday reported strong quarterly earnings thanks to healthy demand for its biosimilar ...
Aug 05, 2022 (Gmt+09:00)
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Earnings
Kakao Games posts record-high operating profit in Q2
Kakao Games Corp., the game publishing unit of South Korean web service giant Kakao Corp., said on Wednesday it achieved record-high operating profi...
Aug 03, 2022 (Gmt+09:00)
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Electric vehicles
Korean EV, battery makers to benefit from US inflation bill
South Korea’s electric vehicle and battery makers are expected to benefit from the Inflation Reduction Act of 2022, the US bill designed to br...
Aug 01, 2022 (Gmt+09:00)
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Batteries
Samsung SDI in talks with multiple carmakers for 4680 type battery supply
Samsung SDI Co., a major South Korean battery maker, said on Friday that it is in talks with multiple automakers around the world to supply a next-g...
Jul 29, 2022 (Gmt+09:00)
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Beauty & Cosmetics
China's lockdown slams Korean beauty giants' Q2 earnings
South Korea’s two major cosmetics firms, Amorepacific Corp. and LG H&H Co., posted their second-quarter earnings heavily impacted by Chi...
Jul 29, 2022 (Gmt+09:00)
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Earnings
S-Oil sees softer Q3 refining margin after record Q2 profit
S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Thursday posted record sales and operating profit for a second consecutive quarter o...
Jul 28, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Zigbang completes Samsung SDS home IoT takeover
Zigbang, a South Korean proptech startup that provides real estate search and transaction services, has completed the acquisition of Samsung SDS Co....
Jul 28, 2022 (Gmt+09:00)
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Construction
Hyundai Doosan Infracore declares 1st cash dividend in 14 years
Hyundai Doosan Infracore Co., a South Korean construction equipment company, will pay dividends to its shareholders for the first time in 14 years.A...
Jul 28, 2022 (Gmt+09:00)
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Electronics
LG Display to close LCD TV panel business for domestic use in Korea
LG Display Co., South Korea’s major display maker, is set to pull out of the liquid crystal display (LCD) TV panel business for domestic use. ...
Jul 28, 2022 (Gmt+09:00)
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Earnings
Kia posts record-high double-digit profit margin in second quarter
Kia Corp., South Korea’s largest automaker, said on Friday it posted its first-ever double-digit operating profit margin in the second quarter...
Jul 22, 2022 (Gmt+09:00)
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Earnings
POSCO Holdings Q2 profit down on higher raw material costs
POSCO Holdings Inc., the holding company of South Korea’s steel giant, reported a lower profit in the second quarter on rising raw material pr...
Jul 21, 2022 (Gmt+09:00)
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Korean startups
Online study assistant operator Bebridge receives $1.9 mn in pre-Series A
South Korean startup Bebridge Inc. announced Thursday it raised 2.5 billion won ($1.9 million) in pre-Series A round from Magna Investment, Bluepoin...
Jul 21, 2022 (Gmt+09:00)
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Earnings
Hyundai Motor sees surprise Q3 after record quarterly sales, profit
South Korea’s top automaker Hyundai Motor Co. on Thursday posted its highest-ever quarterly sales and operating profit, driven by pricey sport...
Jul 21, 2022 (Gmt+09:00)
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Electronics
Patents, LG Elec.’s legacy from smartphone business
LG Electronics Inc., the global home appliance leader, is targeting the quickly growing global earbuds market with new products based on technologie...
Jul 19, 2022 (Gmt+09:00)
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Future mobility
SK Telecom to take lead in UAM biz with telco know-how
BUSAN -- South Korea’s top mobile carrier SK Telecom Co. aims to dominate the urban air mobility market based on its expertise and know-how in...
Jul 17, 2022 (Gmt+09:00)
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Beauty & Cosmetics
Korea’s Cosmax to shut Ohio plant to cut losses; shares up
Cosmax Inc., a major South Korean original design manufacturer (ODM) for L'Oréal and other global cosmetics giants, plans to shut its loss-ma...
Jul 14, 2022 (Gmt+09:00)