Kia Q2 net profit up 963.2 pct. to 1.34 tln won

SEOUL– Kia Corp. on Thursday reported its second-quarter net income of 1.34 trillion won (US$1.2 billion), up 963.2 percent from a year earlier. Operating profit for the April-June period was…

LG Household & Health Care Q2 net hits record high on robust sales

SEOUL– South Korean household goods and cosmetics maker LG Household & Health Care Ltd. said Thursday its net profit surged to a record high in the second quarter this year,…

Hyundai Q2 net soars on base effect, SUV models

SEOUL– South Korea’s Hyundai Motor Co. said Thursday its second-quarter net profit more than quintupled compared with a year earlier on a base effect and strong sales of its high-end…

POSCO’s Q2 net jumps 18 times on robust demand

SEOUL– POSCO, the world’s fifth-largest steelmaker by output, said Thursday that its second-quarter net profit surged 18 times from a year earlier on robust demand amid the global economic recovery…

NH Investment & Securities Q2 net profit up 17.3 pct. to 270.5 bln won

SEOUL– NH Investment & Securities Co. on Thursday reported its second-quarter net income of 270.5 billion won (US$235.2 million), up 17.3 percent from a year earlier. The company said in…

Seoul stocks snap 4-day losing streak on earnings hope

SEOUL– South Korean stocks snapped their four-day losing streak Thursday, as hopes for robust second-quarter earnings boosted investor sentiment despite the surge in new virus cases. The Korean won rose…

Kia Q2 net jumps more than 10-fold on base effect, SUVs

SEOUL– Kia Corp., South Korea’s No. 2 carmaker, said Thursday its second-quarter net profit soared more than 10-fold from a year earlier on a low base effect and strong sales…

Hyundai, Kia deliver strong Q2 performance on base effect, SUV models

SEOUL– Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s two biggest carmakers, on Thursday reported strong second-quarter earnings on a base effect and strong sales of their high-end…

Kakao Bank’s IPO price set at 39,000 won after demand forecasting

SEOUL– Kakao Bank, South Korea’s largest internet-only bank, said Thursday its initial public offering (IPO) price has been set at the upper end of 39,000 won (US$34) following this week’s…

LG Electronics to change all company cars to eco-friendly vehicles by 2030

SEOUL, LG Electronics Inc. said Wednesday it plans to switch all of its company cars to environmentally friendly vehicles by 2030, joining South Korea’s efforts to reduce emissions of greenhouse…