Kumho Tire turns to black in 2023

SEOUL, Kumho Tire Co. on Tuesday reported its 2023 net profit of 170.7 billion won (US$128.3 million), shifting from a loss of 77.5 billion won a year earlier.

Operating income for the year was 388.3 billion won, up 1578.5 percent on-year, the compa…

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Hyundai Steel remains in red in Q4

SEOUL, Hyundai Steel Co. on Tuesday reported its fourth-quarter net loss of 190.9 billion won (US$143.5 million), remaining in the red compared with a year ago.

The company said in a regulatory filing that it continued to post an operating loss of 2…

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