Household incomes grew sharply in the third quarter, largely thanks to government giveaways. The average household income was 4.73 million won ($4,000), according to Statistics Korea on Thursday, 8 percent more than a year earlier.
Samsung Electronics expects to report an all-time high of 73 trillion won ($61.2 billion) in sales for the second quarter thanks to the robust performance of its smartphone and semiconductor businesses.
Celltrion, a major Korean biopharmaceutical firm, said Monday that its net profit jumped 185.4 percent on year in the third quarter on the back of robust sales of its products in overseas markets.
Kakao saw its third-quarter net profit nearly triple from a year earlier on the back of robust growth across a wide range of business sectors including commerce, advertising, webtoons and ride-hailing services.
Kakao Games reported a 697 percent increase in net profit to 270 billion won ($236 million) in the third quarter compared to a year ago, the company announced on Wednesday, the first earnings result since its successful listing back in September.
Samsung Electronics reported its highest profit in two years in the third quarter as sales rebounded significantly across all businesses — semiconductors, smartphones and other consumer electronics — thanks to robust demand for electronic devices.
Samsung SDI, Samsung’s battery manufacturing affiliate, reported a 10.7 percent increase in net profit for the third quarter over a year earlier, buoyed by growing demand for electronic vehicle (EV) batteries.
Audi has introduced a fully revamped Q3 compact SUV on Wednesday in Korea in a bid to get a bigger piece of the country's luxury compact SUV market, which has been booming lately. It is the second-generation of the Audi compact SUV ...