Hyundai-Rotem Co. on Wednesday reported its third-quarter net income of 6.2 billion won ($5.3 million), up 36.3 percent from a year earlier. The company said in a regulatory filing that operating income for the July-September period fell 74.6 percent on-year to 7.9 billion won. Revenue increased 2.5 percent to 710.4 billion won. The operating profit was 70.1 percent lower than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The es

Korea Zinc Inc. on Wednesday reported its third-quarter net profit of 200.3 billion won ($171.6 million), up 17.5 percent from a year earlier. The company said in a regulatory filing that operating profit for the July-September period fell 0.6 percent on-year to 265.8 billion won. Revenue increased 22.2 percent to 2.41 trillion won. The operating profit was 1.3 percent lower than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. The

Pan Ocean Co. on Wednesday reported its third-quarter net income of 179 billion won ($153.4 million), up 325.2 percent from a year earlier. The company said in a regulatory filing that operating profit for the July-September period rose 204.1 percent on-year to 191.3 billion won. Revenue increased 109.4 percent to 1.32 trillion won. The operating profit was 21.5 percent higher than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agency. T

Samsung SDS Co. on Wednesday reported its third-quarter net profit of 199.4 billion won ($170.8 million), up 23.9 percent from a year earlier. The company said in a regulatory filing that it posted 222 billion won in operating profit for the quarter, compared with 219.8 billion won a year ago. Sales rose 13.9 percent to 3.38 trillion won. The operating profit was 3.8 percent lower than the average estimate, according to the survey by Yonhap Infomax, the financial data firm of Yonhap News Agenc

South Korean telecommunications provider KT apologized for Monday’s massive network outage, and for mistakenly citing a cyberattack as its cause. “We sincerely apologize for the massive internet disruptions on Monday. While we initially assumed it was from an outside DDoS attack, it appears to have been caused by a network routing error that occurred during our recent equipment update process,” said KT CEO Koo Hyeon-mo in a statement released Tuesday. Pledging to actively

Samsung Electronics Co. will quickly decide on a foundry investment in the United States, a senior executive said Tuesday, as the South Korean tech giant seeks to become the world's No. 1 player in the logic chip and foundry sectors. Samsung Electronics, the world's No. 2 foundry firm behind Taiwan's TSMC, announced in May that it will build a $17 billion fab in the US Samsung's de facto leader Lee Jae-yong is widely speculated to visit the US, possibly next month, to finalize the site, with t

CJ OliveNetworks CEO Cha shares ‘small, but meaningful’ success stories

Green, digital and metaverse among keywords for the future of industries

Executive behind SKT’s “ifland” platform touts metaverse as place where all can happen

Seoul and Washington have agreed to set up a hotline to discuss cooperation for the stable supply of semiconductors, and raised the level of an existing dialogue channel for industrial cooperation amid a worldwide shortage of chips. The South Korean government also repeatedly expressed concern over a recent US request for Samsung Electronics as well as other global chipmakers to provide information on their supply chains by Nov. 8, the Ministry of Trade, Industry and Energy said Tuesday. Seoul

Database replication solution companies DataStreams and Arkdata announced Monday they agreed to cooperate on big data. The two companies signed a memorandum of understanding on exchanging technologies to enhance data replication and create a joint business model to expand into the market. DataStreams has a change data capture, or CDC, solution, which can merge data real-time through its transaction system and sends changes recorded in the source database to the target database. Arkdata was t

Science Minister and AmCham Korea chief say transformation is key to joining post-pandemic world order

‘Dr. Waste’ Hong Su-yeol calls for transition to circular, zero-waste economy, where resources are reused

Korea needs to drop “follower” mindset and raise stake in technological innovation, says SNU professor Lee Jeong-dong

ADT Caps Co., a security subsidiary of SK Telecom, said Tuesday it has changed its name to SK shieldus as it seeks to transform into a "life care platform" beyond a physical security service provider. CEO Park Jin-hyo said at an online conference that the company's goal is to increase sales in new growth industries, such as cloud computing and artificial intelligence, by fivefold by 2025. Park added that the firm aims to "change the existing business structure currently focused