Tag: profit

profit

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LG Energy Solution plant in the United States

LG Energy Solution profit rises as North American ESS exports surge

LG Energy Solution estimated a 25.7 percent increase in third quarter operating profit, driven by energy storage system shipments to North America and battery sales in Europe.

2026.10.8

Korean brokerages’ profits jump on trading boom

Korea’s securities firms posted a 20 percent quarterly profit increase in the second quarter as surging stock turnover lifted commission and proprietary trading income.

2026.9.10

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Insurers’ profits jump 13% on investment gains

Korea’s insurers posted combined net profit of 9.01 trillion won ($6.5 billion) in the first half as stronger investment returns lifted earnings.

2026.8.27

A person walks in front of booths of private banks' automatic teller machines in Seoul on Aug. 17.

Banks' noninterest income and net profits fall in H1, but interest income hits record high

Korean banks' first-half net profits declined 6.4 percent, as plunging noninterest income was dragged down by the Kospi's volatility.

2026.8.23

Four financial groups post record 11.34 trillion won in half-year profit

Booming securities and asset management earnings due to the surging stock market offset slower bank growth.

2026.7.24

Korea’s top financial groups head for record first-half earnings as KB and Shinhan beat estimates

KB Financial and Shinhan Financial posted record quarterly profits on stronger securities and noninterest income, with Hana and Woori also expected to deliver solid results and higher shareholder returns.

2026.7.23

LG Energy Solution profit drops 77% on EV slump

LG Energy Solution said second-quarter operating profit plunged as weak North American EV demand and suspended U.S. joint venture plants weighed on earnings.

2026.7.7

Securities firms' Q1 net spikes 77% on increased commission income

Securities firms in Korea posted sharply higher first-quarter earnings as a surge in stock trading nearly doubled commission income.

2026.6.12

Industry Minister Kim Jung-kwan speaks during a meeting with economy-related ministers on May 29. [NEWS1]

Industry minister urges reinvestment of corporate profits amid contrasting views from labor minister

Industry Minister Kim Jung-kwan said productive reinvestment should take priority in the use of corporate profits, a stance at odds with that of Labor Minister Kim Young-hoon, who called for the social redistribution of excess corporate earnings.

2026.5.29

SK hynix headquarters in Icheon, Gyeonggi, on April 23 [YONHAP]

SK hynix set a new bonus standard. It could jeopardize competitiveness across sectors.

SK hynix's decision last year to carve out a slice of operating profit for its workers is becoming a template across Korean industries, with unions of other major companies demanding bonuses paid out from 10 percent of profit or more.

2026.5.13