operating loss

Shares in South Korea's GS Retail Co. suffered their worst percentage fall in nearly five years on May 6, after the convenience store operator's fir...

South Korean conglomerate LS Group is eyeing the growing electric vehicle industry and the markets derived from it. The group announced the lau...

LG Electronics Inc., the world’s top home appliances maker, expects business conditions to deteriorate in the second quarter amid higher costs...

South Korea’s SK Earthon Co., an energy and petroleum unit of SK Innovation Co., and Malaysia's Petroleum Sarawak Exploration & Production...

Naver Corp., South Korea’s dominant online platform, will focus on cutting costs and reducing new hiring to improve profitability as its disap...

South Korea’s retail giant Lotte Group will cease dawn delivery services for fresh food from this weekend, two years after it jumped into the ...

Awake Corp., a startup that operates platforms to assist online creators, recently attracted 1.1 billion won ($892,473) in seed capital. The total a...

Samsung Heavy Industries Co., one of South Korea's Big Three shipbuilders, was once on the list of assets its parent Samsung Group wanted to sell to...

South Korea’s POSCO Chemical Co. started construction of a battery material plant in the country as a part of its plan to boost production cap...

South Korea’s Kurly Inc. nearly doubled its on-year losses on higher costs last year -- raising market controversy over its listing -- as the ...

South Korean companies, especially manufacturers, suffered surging commodity prices, a weak won currency and global logistics disruptions in the fir...

The wider adoption of artificial intelligence around the globe calls for more data in the form of high quality photos, videos, and text. With t...

South Korea’s entertainment behemoth SM Entertainment Co. is poised to have a new outside auditor – a measure expected to bring a much-a...

NongHyup Life Insurance Co. of South Korea is slated to issue 10-year-maturity subordinated bonds worth 600 billion won ($492.6 million) on March 31...

South Korean startup Yeolmae Company announced Monday it received 17 billion won ($14 million) worth of funds through its Series B round. With the l...

Seven out of 10 South Korean companies predict they will swing to operating losses if global oil prices soar to $150 a barrel, a survey showed on Su...

South Korea’s shipbuilders targeted demand for new vessels and ship modification as tougher environmental regulations are scheduled to take ef...

Shares of both Lotte Confectionery and Lotte Food rose more than 5% Thursday on expectations of synergy effects from their upcoming merger. A d...

South Korea plans to open temporary settlement lines between domestic banks and their units in Russia in order to help companies hit by multinationa...

Nongshim Co., South Korea’s leading instant noodle maker is aiming for the top noodle spot in the US. The Korean food company will begin ope...

South Korea’s non-ferrous metal smelters such as Korea Zinc Co. and Poongsan Corp. are set to benefit from rising prices of raw materials in t...

South Korea’s reopening stocks jumped on Friday as the government eases COVID-19-curbing restrictions and as the number of the Omicron variant...

South Korea’s won currency skidded to a fresh low in nearly two years as oil prices spiked to a 14-year peak with fears of a prolonged war bet...

Kakao Corp., the No. 1 digital comics platform in Japan, will expand deeper into the neighboring country's comics market by launching a platform whe...

KKR was chosen as the best private equity firm by South Korean institutional investors, a survey shows. Blackstone, Macquarie Asset Management and Are...

South Korean power utility KEPCO Co. reported its largest-ever operating loss of nearly 6 trillion won ($5 billion) in 2021, after it froze the elec...

Hyundai Motor Co. plans to set up chargers for electric vehicles at gas stations of Shell Inc. worldwide as South Korea’s top automaker aims t...

South Korea's Asiana Airlines Inc. turned to the black in 2021, reporting its largest-ever operating profit since 2010, as global supply chain disru...

Dongkuk Steel Mill Co., the world’s leading manufacturer of color-coated steel, reported the largest operating profit in 13 years on strong de...

City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea. The Ministry of Lan...