Household debt reached a record 1,682.1 trillion won ($1.51 trillion) in the third quarter despite the government's attempts to cool off the real estate market and borrowing to buy property.
Shinsegae Department Store’s net profit dropped 98.3 percent on year in the third quarter, as nationwide social distancing affected sales.
LG U+’s chief financial officer said U.S. sanctions on its network equipment provider Huawei would not affect its services.
Kakao Bank’s net profit increased by 600 percent on year to 40.6 billion won ($35.5 million) in the third quarter, as more customers opened stock accounts and applied for credit cards via the online bank, the company announced Wednesday.
Nonghyup Financial Group saw its net profit increase in the third quarter, driven up by profit collected from retail investor brokerage fees paid to affiliate Nonghyup Securities.
Naver’s revenue broke $1 billion in the third quarter and hit a record as webtoons became international hits.
Samsung Biologics reported 56.1 billion won ($49.5 million) in net profit for the third quarter, a 27 percent on-year increase.