Daily FX turnover falls in Q2 as volatility cools
The daily foreign exchange (FX) trading by banks in South Korea fell 5.1 percent in the second quarter from three months earlier, as transactions declined over cooling volatility, central bank…
July 26, 2021
Tax incentives to be expanded for investment in chips, batteries, vaccines
– South Korea said Monday it plans to expand tax incentives for corporate research & development (R&D) and facility investment in semiconductors, batteries and vaccines as it seeks to nurture…
Cheil Worldwide Inc Q2 net income up 65.1 pct. to 55.2 bln won
Cheil Worldwide Inc on Monday reported its second-quarter net income of 55.2 billion won (US$47.8 million), up 65.1 percent from a year earlier. Operating profit for the April-June period was…
Delta variant becoming dominant strain of COVID-19 in S. Korea
The highly contagious delta variant is becoming a dominant strain of COVID-19 in South Korea, making it more difficult for health authorities to slow the spread of the new coronavirus,…
Industrial Bank Of Korea Q2 net income up 94.1 pct. to 622.4 bln won
Industrial Bank Of Korea on Monday reported its second-quarter net profit of 622.4 billion won (US$538.8 million), up 94.1 percent from a year earlier. The company said in a regulatory…
Philips delivers Q2 sales of EUR 4.2 billion, with 9% comparable sales growth; net income amounts to EUR 153 million and Adjusted EBITA margin improves 280 basis points to 12.6%; company announces EUR 1.5 billion share buyback program
July 26, 2021 Second-quarter highlights Group sales increased to EUR 4.2 billion, with 9% comparable sales growth Comparable order intake decreased 15%, with strong double-digit growth in the Diagnosis &…