Korea's economy grew 0.3 percent in the third quarter of this year despite rising interest rates and weak exports, unchanged from an earlier estimate, central bank data showed Thursday.
Major Korean companies' inventories spiked nearly 36 percent in the first nine months of this year amid a global economic slump, a corporate tracker said Tuesday.
KakaoBank reported 78.72 billion won ($55 million) in net profit in the third quarter, beating the 75.4 billion won market consensus.
Korea’s economy grew by 3.1 percent in the third quarter on year, according to an advanced estimate released by the Bank of Korea Thursday.
Korea’s GDP grew by 3.1 percent in the third quarter on year, faster than the previous quarter's 2.9 percent growth, according to the Bank of Korea Thursday.
Samsung Biologics reported 129 billion won ($90.42 million) in net profit in the third quarter, down 2 percent on year, according to a consolidated earnings report released Wednesday.
Financial groups have reported a mixed bag of results with some beating and some missing expectations in the third quarter.
Oil companies say their profits will decline in the third quarter on quarter as a global economic downturn starts to weigh on product prices.
Coupang Inc., the New York-listed parent of Korea’s Coupang Corp., lost $324 million in the third quarter, up from the $173 million in the same quarter in 2020.
Korean Air Lines reported 134 billion won ($114 million) in net profit in the third quarter from a 385.9 billion won net loss a year earlier.
Korea JoongAng Daily Sitemap
