LG Electronics, a leading home appliance manufacturer in Korea, said Monday its third-quarter operating profit is estimated to have dropped more than 8 percent from a year earlier due to rising tariff costs.
The state-run Korea Electric Power (Kepco) said on Tuesday that its net income spiked more than tenfold from a year earlier in the second quarter, thanks to a drop in global oil prices and its cost-cutting efforts.
Coupang achieved record $8.52 billion revenue in the second quarter, showing 19 percent growth and a shift to operating profit from losses.
Samsung Electronics reported a weaker-than-expected 55.23 percent on-year drop in operating profit for the second quarter this year, the company said in a regulatory filing Thursday.
LG Electronics reported a nearly 50 percent drop in operating profit for Q2 2025, citing weak consumer demand and increased trade costs.
The combined operating profit of Korea's top 500 companies surged 66 percent from a year earlier in 2024, driven largely by a rebound in the global semiconductor market, a report showed Wednesday.
Emart reported a first quarter operating profit of 93.2 billion, with sales rising to 4.2 trillion won. The retailer's focus remains on price competitiveness in its offline outlets.
CJ CheilJedang posted a 77.5 percent on-year increase in operating profit of 267 billion won on the back of its popular food products.
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.
Coupang, the U.S.-listed Korean e-commerce giant, reported its first-ever annual operating profit of $473 million in 2023, according to its earnings release published Wednesday.
Korea JoongAng Daily Sitemap
