SEOUL– Hankook Tire & Technology Co. on Thursday reported its fourth-quarter net profit of 28.5 billion won (US$23.3 million), down 65.4 percent from a year earlier.The company said in a regulatory filing that operating income for the October-Dece…
Category: Business
Samsung joins hands with Qualcomm, Google to build XR ecosystem
SAN FRANCISCO/SEOUL– South Korean tech giant Samsung Electronics Co. said Thursday it will collaborate with Qualcomm and Google to build an ecosystem for extended reality (XR).Samsung announced the partnership at the Galaxy Unpacked event in San Franc…
PSMC to raise 25 bln won via stock sale
PSMC to raise 25 bln won via stock sale
Hyosung Advanced Materials 2022 net income down 51.4 pct to 160.2 bln won
SEOUL– Hyosung Advanced Materials Corp. on Wednesday reported its 2022 net profit of 160.2 billion won (US$130.1 million), down 51.4 percent from a year earlier.The company said in a regulatory filing that it posted 315.1 billion won in operating prof…
Kia’s Jan. sales rise 9 pct amid improving chip supplies
SEOUL– Kia Corp., South Korea’s second-largest automaker, said Wednesday its sales rose 9 percent last month from a year earlier amid improving chip supplies.Kia, a smaller affiliate of Hyundai Motor Co., sold a total of 232,437 vehicles in January, u…
Hyosung Advanced Materials Q4 net income down 92.6 pct to 5.6 bln won
SEOUL– Hyosung Advanced Materials Corp. on Wednesday reported its fourth-quarter net income of 5.6 billion won (US$4.5 million), down 92.6 percent from a year earlier.The company said in a regulatory filing that operating income for the October-Decemb…
Hyosung 2022 net income down 95.4 pct to 24.8 bln won
SEOUL– Hyosung Corp. on Tuesday reported its 2022 net profit of 24.8 billion won (US$20.1 million), down 95.4 percent from a year earlier.Operating income for the year was 64.9 billion won, down 89.8 percent from the previous year, the company said in…
Seoul stocks end lower ahead of Fed’s rate decision
SEOUL– Seoul shares ended lower Tuesday, tracking falls on Wall Street, as investors stay cautious ahead of the Federal Reserve’s rate decision this week. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOS…
NC Dinos sign ex-MLB pitcher Widener
SEOUL– The South Korean baseball club NC Dinos announced Tuesday they’ve signed former major league pitcher Taylor Widener, becoming the last team in the league to complete their foreign player signings for 2023.The Dinos said Widener, 28, agreed to a…