Korea Joongang Daily
Korea JoongAng Daily

Kia, Hyundai Mobis's Q1 sales hit record amid EV demand surge but margins and tariffs cloud outlook

Kia posted its highest-ever first-quarter sales, helping propel the combined revenue of parent company Hyundai Motor and Kia past 70 trillion won ($49 billion) for the first time in a single quarter.

2025-04-25

SK hynix beats expectations with Q1 operating profit exceeding 7 trillion won

SK hynix reported a forecast-breaking first quarter on Thursday, with operating profit exceeding 7 trillion won ($5 billion), fueled by surging demand for high bandwidth memory (HBM) and a surprising boost from geopolitical uncertainties.

2025-04-24

SK hynix posts $5.2 billion Q1 profit on strong HBM chip sales

SK hynix posted a forecast-beating first-quarter operating profit of 7.44 trillion won ($5.2 billion), driven by robust sales of its fifth-generation high bandwidth memory (HBM3E) chips, according to the firm’s regulatory filing on Thursday.

2025-04-24

Korean economy contracts in Q1 on weak domestic demand and exports

Korea’s economy contracted in the first quarter of 2025, as sluggish domestic demand and weakening exports weighed on growth, according to data released by the Bank of Korea (BOK) on Thursday.

2025-04-24

Korean Air's Q1 sales reach record $2.7 billion, operating profits fall by 19.5%

Korean Air posted higher sales but weaker operating profit in the first quarter, with the latter down 19.5 percent from the year before due to high operating costs and the won's low value, the carrier disclosed Friday

2025-04-11

LG Electronics projects record Q1 revenue

LG Electronics on Monday projected its first-quarter revenue to be its highest ever, buoyed by growth in business-to-business (B2B) transactions and subscription-based services, despite the period being a typically slow season for home appliances.

2025-04-07

LG Electronics estimates Q1 operating profit down 5.7% at $856.7M

LG Electronics on Monday estimated its first quarter operating earnings at 1.25 trillion won ($856.7 million), down 5.7 percent on year despite record-high revenue for that period.

2025-04-07

Kakao's operating profit in Q1 jumps 92% on advertising, content

Kakao logged 120.3 billion won ($87.9 million) in operating profit for the first quarter of 2024, up 92.2 percent on year thanks to its robust platform and content business.

2024-05-09

Korean Air reports 5 percent increase in Q1 operating profit

Korean Air reported a 5 percent on-year increase in first quarter operating profit due to recovery in passenger traffic and robust cargo demand but still underperformed market expectations.

2024-05-08

Coupang loses $24 million in Q1 as AliExpress, Temu expand

Coupang posted net loss for the first quarter of 2024 as its profits eroded, partially due to intensifying competition with Chinese competitors like AliExpress and Temu.

2024-05-08