margin

Earnings Kia maintains double-digit margin in Q1 with record revenue

Kia Corp., South Korea’s second-largest automaker, extended its double-digit profit margin streak to a 10th consecutive quarter, posting recor...

Earnings Kia hits record 2024 sales; profit margins highest among global automakers

South Korea’s second-largest automaker Kia Corp. on Friday posted its highest-ever annual sales, operating profit and profit margins in 2024, ...

Petrochemicals Korea to ease rules for petrochem industry M&As, plant closures

South Korea will ease regulations and offer incentives to facilitate the restructuring of domestic petrochemical makers battling a global suppl...

Private equity Kamur PE sells cutting tool maker JJ Tools to Blackstone

Seoul-based Kamur Private Equity has signed a definitive agreement to sell a majority stake in South Korean industrial cutting tool manufacturer JJ ...

Beauty & Cosmetics AmorePacific to rebalance China-heavy global business

AmorePacific Corp., South Korea’s No. 1 cosmetics group, will rebalance its China-heavy global business to focus on the US and Europe while lo...

Earnings Hyundai Motor logs highest-ever Q3 revenue; margin drops

Hyundai Motor Co. on Thursday reported its worst quarterly profit margin for this year, despite delivering its highest-ever revenue for a third quar...

Korean chipmakers Samsung, SK Hynix ramp up DRAM business on rapid AI growth

Samsung Electronics Co. and SK Hynix Inc.,the world’s two largest memory chipmakers, are expanding their dynamic random access memory business...

Beauty & Cosmetics Fashion ODM Pond Group buys K-beauty retailer Most

Pond Group, a South Korean original design manufacturing (ODM) clothing company, said on Monday it has acquired Most Inc., a domestic beauty product...

Shipping & Shipbuilding Tighter emissions rules boost HD Hyundai Marine margin

HD Hyundai Marine Solution Co., a ship parts manufacturing and after-sales service company, has reported the highest-ever operating profit margin in...

Earnings Kia posts highest-ever profit margin, double Tesla's

Kia Corp., South Korea’s No. 2 carmaker, on Friday posted its highest-ever operating profit margin of 13.2% in the second quarter, more than d...

Banking & Finance KB Financial's quarterly profit hits record on interest margin growth

South Korea’s largest financial holding group KB Financial Group Inc. has logged its record quarterly profit in the April-June period, thanks ...

Food & Beverage Jollibee to acquire Korea’s Compose Coffee in $340 mn deal

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

Retail MBK puts Homeplus’ supermarket chain unit up for sale

MBK Partners, the North Asia-focused private equity firm, has put the supermarket chain unit of South Korea’s hypermarket operator Homeplus up...

Korean chipmakers Samsung, SK Hynix expect chip prices to stay firm in 2024

Samsung Electronics Co. and SK Hynix Inc., the world’s two largest memory chip makers, forecast the prices of DRAM and high-bandwidth memory (...

Automobiles Hyundai beats Volkswagen with world's 2nd-largest Q1 profits

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

Earnings Kia logs record profit, revenue in Q1 on weak won

Kia Corp., the second-largest automaker in South Korea, posted record quarterly profit and revenue for the first three months of this year, backed b...

Automobiles Korean tire makers step up push into bigger, high-margin tires

South Korean tire makers are betting big on premium tires fitted for sports utility vehicles, full-size sedans and electric vehicles, after bigger a...

Earnings S-Oil’s 2023 operating profit more than halves on weak refining margins

S-Oil Corp., the South Korean unit of Saudi Arabian Oil Co., on Friday posted a 58.3% decline in its operating profit last year, weighed by lower re...

Earnings Hana Bank at record profit; office bets hit Hana Securities

South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship Hana Bank offset by...

Earnings Kia posts record 2023 sales, profit with bold 2024 business targets

Kia Corp., South Korea’s second-largest automaker, on Thursday posted record 2023 profit and sales revenue, driven by strong sales of pricey m...

Retail Black Friday sales offer short-lived relief to Korean retailers

South Korean retailers and fashion outlets are seeing record-breaking sales during their big discount events this month, but industry watchers said ...

Earnings Korean tire makers post double-digit Q3 profit margins; outlook bright

South Korea’s three leading tire makers posted their highest-ever quarterly profit margins in the third quarter, boosted by tire price hikes, ...

Earnings SK Innovation targets profit from EV battery unit in Q4

SK Innovation Co., South Korea’s top energy company, said its electric vehicle (EV) battery subsidiary aims to turn to the black in the fourth...

Energy Seesawing refining margins cloud Korean refiners’ earnings

The outlook on South Korean oil refiners' earnings in the fourth quarter has turned murky as oil refining margins are back on a downward trend ami...

Korean chipmakers SK Hynix leads DRAM industry’s Q2 revenue rebound, retakes No. 2 spot

SK Hynix Inc. saw its DRAM chip shipments significantly increase in the second quarter, leading the industry’s overall revenue rebound, market...

Tech, Media & Telecom Taihan Cable posts highest first-half operating profit in 20 years

South Korea's Taihan Cable & Solution Co. announced on Friday that its consolidated operating profit for the first half of this year reached 41....

Mobile networks Kakao to release super-large AI model, superapp

Kakao Corp. on Thursday announced that it will transform South Korea’s dominant mobile messaging app KakaoTalk into an AI-powered platform com...

Automobiles Hyundai Motor lifts guidance after record-high Q2 results

South Korea’s Hyundai Motor Co. on Wednesday posted its highest-ever quarterly profit, which came in above market expectations, driven by robu...

Energy S.Korea's oil refining margins exceed break-even points

Refining margins at South Korea’s four oil refiners, led by SK Innovation Co., have exceeded their break-even points after three months, a sig...

Automobiles Genesis rewrites Hyundai story, shedding Honda copycat image

Once dismissed as a Honda copycat, Hyundai Motor Co. is poised to pass yet antother milestone, with its luxury brand Genesis on track to top 1 milli...