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Company posts 23% jump in operating profit in Q2
SEOUL: South Korea’s exports likely contracted for a fifth straight month in July as global demand remained weak despite the easing of coronavirus-related lockdowns, a Reuters poll showed on Wednesday.
SEOUL: South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed factories.
SEOUL: Samsung Electronics Co Ltd said on Wednesday it expected profit to decline in the current quarter due to a coronavirus-related slump in sales of smartphones and TVs, although the chip business would remain solid.
SEOUL: While the pros are shunning South Korean stocks, the nation’s mom-and-pops are diving right in.
Samsung Electronics Co "strongly advised” its employees to work from home in a memo on March 16, escalating its response to the coronavirus pandemic.
KUALA LUMPUR: Global fabrication equipment spending is expected to rebound from its 2019 downturn and see a modest recovery this year, the US-based Semiconductor Equipment Manufacturers Industry (SEMI) said.
SEOUL (The Korea Herald/ANN): South Korea’s major industries -- including electronics, automobiles, retail and oil refining -- are on high alert due to a surge in Covid-19 cases here, as well as the market slowdown in China, the nation’s biggest export destination.
BEIJING (China Daily/ANN): The impact of the novel coronavirus (Covid-19) epidemic on China's economy will be temporary and will not change the fundamentals of the country's long-term economic growth, said executives of global companies on Tuesday (Feb 11).