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The Korean government has vowed to double its stockpile of urea in response to China's recent export curbs. Critics remain unconvinced, citing its previous failures to secure a sufficient supply of the chemical compound.
Inventory assets at Samsung Electronics continued to jump in the first half of 2023, but this growth has slowed following the company's production cut, raising hopes for a peak out in the chip glut.
Inventory assets at Samsung Electronics ballooned by 40.2 percent on year to reach 36.2 trillion won ($27.9 billion) last year due to weak consumer sentiment and an economic slowdown.
Samsung Electronics and LG Electronics are dealing with a double whammy of rising costs and high inventory levels, a prelude to poor profitability.
Samsung Electronics and LG Electronics are facing historically-high inventory levels as demand for electronic devices weakens and the world finds itself awash in everything from smartphones to appliances.
Lotte Duty Free and The Shilla Duty Free will offload more unsold duty-free inventory this week, the two retailers announced Tuesday.
Duty-free stores are faced with a tangle of unresolved issues before the government and their suppliers decide on what to do with the backlog of wares caused by the coronavirus. Analysts say it would take until July to resolve the differences.
Korea JoongAng Daily Sitemap