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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Sat, June 3, 2023 | 07:27

KT Submarine sees profitability improve this year

KT Submarine sees profitability improve this year

KT Submarine (KTS) saw its first-quarter operating profit reach 1.5 billion won ($1.12 million), marking a turnaround from a 1.9 billion won operating loss the previous quarter, the company said Tuesday.

Kim Hyun-bin | 2023-05-16 16:13

GS E&C faces backlash from gov't over apartment construction site collapse

GS E&C faces backlash from gov't over apartment construction site collapse

GS E&C has lost the government's trust after the collapse of an apartment construction site in northern Incheon's Geomdan New Town last month. It now faces uncertainties about its ongoing collaboration with the land ministry to win orders in the Middle East and Southeast Asia.

Park Jae-hyuk | 2023-05-16 15:13

LG Chem aims to sell $22 billion worth of battery materials by 2030

LG Chem aims to sell $22 billion worth of battery materials by 2030

LG Chem announced on Tuesday that it aims to increase its annual revenue from the sale of battery materials to 30 trillion won ($22 billion) in 2030, from 4.7 trillion won last year. The company's new sales target is 9 trillion won larger than its previous goal of 21 trillion won, which was announced during an investor roadshow held online in February last year.

Park Jae-hyuk | 2023-05-16 14:57

Hotel Lotte's Q1 net profit plunges 61% despite turnaround to operating profit

Hotel Lotte's Q1 net profit plunges 61% despite turnaround to operating profit

Hotel Lotte, a major hotel and duty-free shop operator in Korea, has said its net profit sank 61 percent on-year in the first quarter, though it made a turnaround to an operating profit.

2023-05-16 12:22

SK hynix's NAND subsidiary Solidigm appoints 2 new CEOs

SK hynix's NAND subsidiary Solidigm appoints 2 new CEOs

SK hynix said Tuesday its subsidiary Solidigm, a NAND flash memory solutions provider, appointed two new CEOs, as part of efforts to maximize synergies between the two firms amid a chip downturn.

2023-05-16 10:08

Big firms' Q1 operating income nearly halves on tumbling chip exports

Big firms' Q1 operating income nearly halves on tumbling chip exports

Major companies in Korea saw their total first-quarter operating income plunge almost 50 percent on-year due to sluggish chip exports, a corporate tracker said Tuesday.

2023-05-16 09:37

LG Electronics' TV factory runs at 75% operation rate in Q1 amid slow demand

LG Electronics' TV factory runs at 75% operation rate in Q1 amid slow demand

LG Electronics ran its TV manufacturing plant at around 75 percent in the first quarter, the company said Monday, amid slowing demand for home entertainment products.

2023-05-15 18:02

Asiana Airlines' Q1 net losses widen on weak won

Asiana Airlines' Q1 net losses widen on weak won

Asiana Airlines, Korea's second-biggest carrier by sales, said Monday its net losses widened in the first quarter from a year earlier as a weak won drove up operating costs.

2023-05-15 17:59

BMW breaks ground on R&D center in Incheon's Cheongna

BMW breaks ground on R&D center in Incheon's Cheongna

BMW Group Korea has begun the construction of a research and development center in Incheon's Cheongna International City, said the Korean office of the global automotive titan, Monday.

Lee Kyung-min | 2023-05-15 16:39

Samsung Electronics to open flagship store in Gangnam to rival Apple

Samsung Electronics to open flagship store in Gangnam to rival Apple

Samsung Electronics is preparing to open a flagship store near Gangnam Station in southern Seoul, in response to Apple's fifth domestic Apple Store, Apple Gangnam. The Samsung store, named Samsung Gangnam, is expected to open by the end of June.

Kim Hyun-bin | 2023-05-15 16:34

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