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Home » Archives for January 25, 2024 » Page 9

January 25, 2024

(3rd LD) SK hynix swings to Q4 operating profit on rising demand for premium chips

January 25, 2024

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…

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(LEAD) Kia Q4 net drops 21 pct on higher costs, strengthening won

January 25, 2024

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 …

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2 South Koreans caught for suspected smuggling of U.S. chips to China

January 25, 2024

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…

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(2nd LD) Korea’s economic growth slumps to 3-year low in 2023 amid weak exports: BOK

January 25, 2024

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…

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(3rd LD) Kia Q4 net drops 21 pct on higher costs, strengthening won

January 25, 2024

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…

Read More »
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