Shinsegae surplus skyrockets on spectacular salesShinsegae, a major South Korean retailer, said Thursday its net profit surged 149 percent in the first three months of this year on the back of stellar performances from its department store and duty-free units.
Net profit came to 84.2 billion won in the January to March period, compared with 33.8 billion won a year earlier.
More in Industry
Hyundai Motor and union come to a wage freeze deal
Samsung Biologics signs supply deal with AstraZeneca
Tesla to increase battery cell purchases from suppliers including LG
Hyundai Motor is new darling of the stock market