Korea’s gross domestic product (GDP) grew 0.6 percent in the April-June period from the previous quarter, remaining unchanged from the earlier estimate.
Emart on Monday reported a second-quarter net loss of 103.2 billion won ($77.4 million), remaining in the red for a second consecutive year.
Coupang reported a record-high quarterly revenue, operating profit, and net income for the second quarter, primarily thanks to its flagship fast Rocket Delivery service.
KakaoBank logged 81.98 billion won ($93 million) in net profit in the second quarter of 2023, beating the market consensus, according to its regulatory filing released on Wednesday.
Kakao Pay on Tuesday reported its second-quarter net loss of 6.2 billion won ($4.8 million), remaining in the red compared with a year ago.
Hyundai Glovis' operating profit decreased by 8 percent on-year to 412.6 billion won ($323.1 million) for the second quarter due to falling ocean freight rates.
The second quarter operating profit of LG Household & Health Care (LG H&H) plunged by 27.1 percent on-year to 157.8 billion won ($123.52 million) due to the prolonged sluggishness in the Chinese cosmetics market.
Samsung Heavy Industries stayed in the black for a second consecutive quarter, reporting an operating profit of 58.9 billion won ($46.1 million) driven by its focus on high-profit vessels including liquefied natural gas (LNG) carriers.
HD Hyundai reported a 61.8 percent decline in operating profit compared to the same period last year, posting 472.6 billion won ($369.94 million).
Amorepacific Group is back in the black for the second quarter as it offset a sluggish domestic market with growth in overseas operations.
Korea JoongAng Daily Sitemap