Korea Joongang Daily
Korea JoongAng Daily

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

DSME reports net loss of 120.4 billion won in first quarter

Daewoo Shipbuilding & Marine Engineering (DSME) reported a net loss of 120.4 billion won ($90.5 million) in the first quarter, larger than what was anticipated.

2023-05-15

Coupang surprises with a $92 million net loss in 2022

Coupang reported a net loss of $92 million in 2022, compared with a net loss of $1.5 billion in 2021. The negative figure for last year was a big surprise, as a full-year profit — the first ever in the company's decade-plus history — had been...

2023-03-01

LG Display turns to red in Q2 on sluggish demand, falling panel prices

LG Display said Wednesday it turned to red in the second quarter on production disruptions caused by China's Covid-19 lockdowns and sluggish demand for display panels used in electronics products.

2022-07-27

Nike Korea bleeds red ink in FY2021

Nike Korea went into the red in its 2021 fiscal year, but sales were up.

2021-09-15

DSME took a dive in first half from increased expenses

Daewoo Shipbuilding & Marine Engineering (DSME) said Tuesday that it swung to a net loss in the first half from a year ago due to increased costs and allowances.

2021-08-17

Korean Air Lines swings to a net loss in the third quarter

Korean Air Lines swung to net loss in the third quarter as travel demand continued to remain sluggish due to Covid-19 travel restrictions.

2020-11-05

Shinsegae goes into red in second quarter

Shinsegae went into the red in the second quarter, largely due to the body blow dealt by its duty-free business by the Covid-19 pandemic.

2020-08-12

Aekyung Industrial swings to net loss as cosmetics sales fall

Aekyung Industrial swung to a net loss in the second quarter as cosmetics sales fell.

2020-08-10

Jeju Air reports 83 billion won in net loss in second quarter

Jeju Air reported a devastating second quarter performance, with its on-year net profit plummeting almost 200 percent.

2020-08-05