SK hynix Inc. said Thursday it swung to a profit in the fourth quarter of last year on the back of rising demand for premium memory chip products.
The world’s second-largest memory chipmaker posted an operating profit of 346 billion won (US$259.4 mi…
Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday its fourth-quarter net profit fell 21 percent from a year earlier due to higher costs and the strengthening won.
Net profit for the three months ended in December fell to 1.62 …
South Korea’s customs agency said Thursday it has caught two South Koreans for allegedly smuggling semiconductor chips produced by an American manufacturer to China worth more than 10 billion won (US$7.49 million).
The two officials of a foreign ele…
South Korea’s economic growth slowed to the lowest in three years last year due to a slump in exports amid tightening monetary policies around the globe, central bank data showed Thursday.
The country’s real gross domestic product — a key measure o…
Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday its fourth-quarter net profit fell 21 percent from a year earlier due to higher costs and the strengthening won.
Net profit for the three months ended in December fell to 1.62…
LG Energy Solution (LGES), South Korea’s leading manufacturer of lithium-ion batteries, said Thursday it will make an equity investment in U.S. startup Sion Power for next-generation battery development.
The investment is for technology partnership …
Hyundai Glovis Co. on Thursday reported its 2023 net profit of 1.07 trillion won (US$800.6 million), down 10.3 percent from a year earlier.
The company said in a regulatory filing that it posted 1.55 trillion won in operating profit for the year, co…
Kia Corp. on Thursday reported its 2023 net income of 8.77 trillion won (US$6.6 billion), up 62.3 percent from a year earlier.
Operating profit for the year was 11.6 trillion won, up 60.5 percent from the previous year, the company said in a regulat…
LG Electronics Inc. on Thursday reported its 2023 net profit of 1.15 trillion won (US$861.2 million), down 38.2 percent from a year earlier.
The company said in a regulatory filing that it posted 3.54 trillion won in operating profit for the year, c…
Kia Corp. on Thursday reported its fourth-quarter net income of 1.62 trillion won (US$1.2 billion), down 20.5 percent from a year earlier.
The company said in a regulatory filing that it posted 2.46 trillion won in operating profit for the quarter, …