LE Electronics posted 1.2 trillion won in operating profit in the second quarter of the year, driven by its household appliance and automobile component businesses.
Korea’s gross domestic product (GDP) grew 0.6 percent in the April-June period from the previous quarter, remaining unchanged from the earlier estimate.
Emart on Monday reported a second-quarter net loss of 103.2 billion won ($77.4 million), remaining in the red for a second consecutive year.
Coupang reported a record-high quarterly revenue, operating profit, and net income for the second quarter, primarily thanks to its flagship fast Rocket Delivery service.
KakaoBank logged 81.98 billion won ($93 million) in net profit in the second quarter of 2023, beating the market consensus, according to its regulatory filing released on Wednesday.
Kakao Pay on Tuesday reported its second-quarter net loss of 6.2 billion won ($4.8 million), remaining in the red compared with a year ago.
Hyundai Glovis' operating profit decreased by 8 percent on-year to 412.6 billion won ($323.1 million) for the second quarter due to falling ocean freight rates.
The second quarter operating profit of LG Household & Health Care (LG H&H) plunged by 27.1 percent on-year to 157.8 billion won ($123.52 million) due to the prolonged sluggishness in the Chinese cosmetics market.
Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its focus on high-profit vessels including liquefied natural gas (LNG) carriers.
HD Hyundai reported a 61.8 percent decline in operating profit compared to the same period last year, posting 472.6 billion won ($369.94 million).
Korea JoongAng Daily Sitemap
