falling profit

Back in 2022 when the COVID-19 pandemic was rampant, South Korea’s convenience stores (CVs) saw their sales fly high as people dropped by smal...

South Korean cosmetics original development and design manufacturers (ODMs) such as Cosmax Inc., Kolmar Korea Co. and Cosmecca Korea Co. are estimat...

Lotte Card Co., South Korea’s No. 5 credit card issuer, is enjoying its first monthly profit in Vietnam after offering various financial produ...

Renault Korea announced on Tuesday that it has started mass production of the D-segment hybrid sports utility vehicle (SUV) New Renault Grand Koleos...

South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in...

LG Energy Solution Ltd., one of the world’s top three battery makers, on Monday posted a smaller quarterly profit, hurt by sluggish global ele...

South Korea’s No. 2 petrochemicals manufacturer Lotte Chemical Corp. is set to more than halve its basic chemicals business by 2030 in its por...

South Korean tech giant LG Electronics Inc. is expected to log its record second-quarter revenue and operating profit thanks to robust sales of home a...

South Korean tech giant Samsung Electronics Co. on Friday flagged a more than 15-fold increase in its second-quarter operating profit as the artific...

Meritz Financial Group Inc. became the first South Korean financial holding company to unveil a concrete shareholder return plan, pledging to alloca...

Jollibee Foods Corp., the Philippines’ largest fast-food chain, is set to take over a majority stake in Compose Coffee Co., South Korea’...

POSCO Group, South Korea’s No. 1 steelmaker, has set an ambitious goal of quadrupling its operating profits and doubling revenue by 2030 with ...

South Korea’s Hana Bank is set to reduce new corporate loans despite rising demand to improve profitability and soundness after having increas...

Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...

KB Bukopin, the Indonesian banking arm of South Korea’s Koomin Bank, extended its losing streak through the first quarter of this year, weighe...

From June 11, Air Premia Inc. is slated to launch service to Oslo, Norway, the longest-haul route for a South Korean low-cost carrier (LCC). The LCC...

South Korea’s major steelmakers are running their plants only at night to cut costs as demand for rebars, or reinforced bars, widely used in t...

Expectations are growing high that Netmarble Corp., South Korea’s second-largest game developer and publisher, will extend its growth streak t...

SoftBank-backed Yanolja Co. cheered stellar earnings in the first quarter after its new businesses – cloud and outbound trip services – ...

LG Electronics Inc. announced on Wednesday that it has been named Home Entertainment Brand of the Year at the "Which? Awards," hosted by the UK non-...

Eduwill Corp., South Korea’s leading provider of online and offline test prep courses for adults, has taken a hit from a series of credit-rati...

Meritz Financial Group Inc., boasting the fourth-biggest market capitalization among South Korean financial holding companies, will look into an acq...

South Korean food giant CJ CheilJedang Corp. on Tuesday reported a better-than-expected quarterly profit on healthy overseas businesses and cost cut...

South Korea's Hyundai Motor Group surpassed Volkswagen Group to claim the second-highest operating profit in the global automotive industry for the ...

South Korean companies listed on the main bourse Kospi raised their dividend payouts between 2021 and 2023 despite falling net income in the same pe...

South Korea's KakaoBank Corp. enjoyed a record quarterly net profit of 111.2 billion won ($81 million) for the first quarter of this year, the com...

Korea Investment & Securities Co. enjoyed a record quarterly net profit on the course to become the country's most profitable brokerage house ...

The National Pension Service (NPS), South Korea’s state-run pension fund, is introducing a new simplified asset allocation guideline under whi...

South Korean brokerage firms expanded their net profits from overseas operations last year, backed by increased gains from their investment banking ...

Large-scale overseas construction projects boosted major Korean builders’ quarterly results while lackluster domestic construction work, coupl...