record earnings
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Date
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Earnings
LG Electronics' 2020 sales, operating profit hit all-time highs
South Korea’s LG Electronics Inc. on Friday posted record 2020 operating profit and revenue, boosted by robust sales in its home appliance div...
Jan 29, 2021 (Gmt+09:00)
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Batteries
SK Innovation’s Q4 EV battery business revenue hits record high
South Korea’s SK Innovation Co. on Friday posted record sales revenue in its electric-vehicle battery business in the fourth quarter of 2020 a...
Jan 29, 2021 (Gmt+09:00)
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Shareholder value
Samsung to pay record dividends, more through 2023; Q4 profit jumps
Samsung Electronics Co. has announced that it will pay record-high dividends to its shareholders this year and raise dividends further in coming yea...
Jan 28, 2021 (Gmt+09:00)
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Earnings
Kia delivers Q4 earnings surprise; operating profit hits all-time high
Kia Corp., South Korea’s second-largest automaker, on Wednesday posted a record quarterly operating profit on the back of strong sales of high...
Jan 27, 2021 (Gmt+09:00)
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Real estate
Seoul office building transactions at record high in 2020
Brisk investment demand drove office building prices higher in Seoul and its southern neighboring area last year, with their combined transactio...
Jan 26, 2021 (Gmt+09:00)
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Steel
Dongkuk Steel wows industry with color steel plates, earnings surprise
GAMMANDONG, BUSAN -- The global steel industry underwent an unprecedented slump in 2020, with demand from the shipbuilding and automobile industries...
Jan 13, 2021 (Gmt+09:00)
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Earnings
Samsung flags decent Q4 earnings growth, misses estimates on KRW, Apple
South Korea’s tech giant Samsung Electronics Co. has flagged that its fourth-quarter operating profit likely rose by nearly a third from a yea...
Jan 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Korean companies sit on record dry powder, may open M&A floodgates
South Korea’s major companies are sitting on a record amount of cash reserves, setting the foundation for the merger and acquisition (M&A)...
Jan 04, 2021 (Gmt+09:00)
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Kakao, NCSoft likely to lead record-breaking earnings in 2021
South Korea’s mobile platform giant Kakao Corp. and game developer NCSoft Corp. are looking to post their best-ever earnings for a second stra...
Jan 03, 2021 (Gmt+09:00)
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Earnings
Korean firms' Q4 earnings seen to jump, led by exporters
Exporters, including Samsung Electronics Co., LG Chem Ltd. and Samsung SDI Co., are estimated to have led a sharp increase in listed South Korean ...
Dec 28, 2020 (Gmt+09:00)
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IPOs
Korea’s liquidity-driven IPO market sets slew of fresh records in 2020
As the stock markets around the globe took a wild ride amid the pandemic in 2020, ample liquidity led to plenty of fresh records in the initial publ...
Dec 28, 2020 (Gmt+09:00)
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Samsung Group
Samsung heirs may face record-high $10 bn inheritance tax bill
The Samsung Group heirs, including Samsung Electronics Co.'s de facto leader Jay Y. Lee, may be looking at a record-high $9.9 billion inheritance ...
Dec 22, 2020 (Gmt+09:00)
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Electronics
Samsung Electronics hits record-high global TV market share in Q3
Samsung Electronics Co.’s global TV market share rose to record levels in the third quarter in value terms, boosted by large-size organic ligh...
Nov 24, 2020 (Gmt+09:00)
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Markets
Seoul shares break through 2,600 to hit record close
Economically sensitive stocks such as chips, steel and shipbuilding pushed the South Korean stock market to its strongest close on Nov. 23, with gro...
Nov 23, 2020 (Gmt+09:00)
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Economy
S. Korea's foreign currency deposits hit record high on weaker dollar
Foreign currency deposits in South Korea have swelled to a record high in November on the back of a weaker dollar, boosting local banks' holdings to $...
Nov 23, 2020 (Gmt+09:00)
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Markets
S. Korean stock market posts record-high market cap; SK biopharm added to MSCI
South Korea's benchmark Kospi reached a two-year high closing at 2485.87 points on Nov. 11, posting an eight-session winning streak driven by imminent...
Nov 11, 2020 (Gmt+09:00)
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Public finance
S. Korea's fiscal deficit tops $90 bn; public debt hits record high
South Korea's fiscal deficit in September has pushed the annual shortfall to over 100 trillion won ($89.6 billion) with public debt reaching an all-ti...
Nov 10, 2020 (Gmt+09:00)
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Earnings
Celltrion’s Q3 earnings beat market consensus to hit record high
South Korean biosimilar maker Celltrion Inc's operating profit topped market expectations by more than 20% in the third quarter, hitting a record high...
Nov 10, 2020 (Gmt+09:00)
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Korean chipmakers
SK Hynix’s 2020 non-memory chip sales seen to hit record high
SK Hynix Inc. is on track to record its highest sales from its non-memory chip business this year after the world’s second-largest DRAM memory c...
Nov 09, 2020 (Gmt+09:00)
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Earnings
Kakao’s Q3 sales, operating profit soar on e-commerce, online ad gains
South Korea’s mobile platform giant Kakao Corp. said Thursday its operating profit and sales jumped to their all-time highs in the third quarter...
Nov 05, 2020 (Gmt+09:00)
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Economy
S. Korea's FX reserves rise for 7th straight month to record-high $426.5 bn
South Korea's foreign exchange reserves rose for a seventh straight month to a fresh record high in October due to gains in non-dollar assets and incr...
Nov 04, 2020 (Gmt+09:00)
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Earnings
LG Electronics posts record-high Q3 sales, operating profit
LG Electronics Inc.’s quarterly operating profit and sales surged thanks to solid growth in its television and home appliance segments and small...
Oct 30, 2020 (Gmt+09:00)
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Earnings
Samsung Elec posts record-high quarterly sales, warns of Q4 profit decline
Samsung Electronics Co.’s third-quarter operating profit rose to its highest level in two years on firm demand in smartphones and memory chips, ...
Oct 29, 2020 (Gmt+09:00)
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Earnings
LG Chem’s Q3 profit soars, battery earnings at record high
South Korea’s LG Chem Ltd. reported on Oct. 21 that its quarterly revenue and operating profit rose to all-time highs in the July-September peri...
Oct 21, 2020 (Gmt+09:00)
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Central bank
Bank of Korea keeps rate steady at record low; signaling no further action
The Bank of Korea has left its policy rate unchanged at a record low of 0.5% as was widely expected, citing a slow economic recovery amid the ongoing ...
Oct 14, 2020 (Gmt+09:00)
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Earnings
LG Chem surprises market with record Q3 earnings estimates
LG Chem Ltd., South Korea’s largest chemical and electric vehicle battery maker, expects its quarterly revenue and operating profit to rise to a...
Oct 12, 2020 (Gmt+09:00)
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LG Electronics
LG Electronics expects record Q3 results on brisk home appliance, TV sales
LG Electronics Inc. expects its operating profit to rise to a quarterly record in the July-September period thanks to solid growth in its television a...
Oct 08, 2020 (Gmt+09:00)
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Kakao Games
Kakao Games bookbuilding draws record-high demand
Kakao Games Corp. posted record-high demand during its bookbuilding for institutional investors on August 25 and 26, according to the company's regula...
Aug 31, 2020 (Gmt+09:00)
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dollar bond
KT issues $400 mn dollar-denominated bond with record-low 1% interest rate
South Korea’s telecom giant KT Corp. has set a record-low interest rate among privately-held Korean companies with the issue of a dollar-denomin...
Aug 25, 2020 (Gmt+09:00)
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Central bank
Record-high Q2 Korean household debt heats up property, stock markets
South Korea’s household debt surged to the highest level in its history in the second quarter of the year, led by soaring mortgage loans and sec...
Aug 21, 2020 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet