Tag: revenue

revenue

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Korea to stash chip tax windfall in new fund for AI, future tech

The government is also proceeding with an overhaul of the local education funding system based on nominal economic growth and the school-age population.

2026.8.21

Coupang posts biggest quarterly loss since New York listing, more obstacles to come with fire and fines

The company reported record second quarter revenue but also its biggest quarterly loss since 2021, driven by a massive data breach fine and more potential charges ahead.

2026.8.5

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Korea tax revenue to top 500 trillion won in 2027

Korea's Budget Minister expects record tax revenue next year and plans a new fund to invest in future growth while cushioning fiscal risks.

2026.7.13

Securities firms' Q1 net spikes 77% on increased commission income

Securities firms in Korea posted sharply higher first-quarter earnings as a surge in stock trading nearly doubled commission income.

2026.6.12

Members of a civic organization hold a protest against Shinsegae Group, the owner of Starbucks Korea, against the coffee franchise's ″Tank Day″ promotion, on May 27, in Gwanghwamun, central Seoul. Seen in the picture is the face of Chung Yong-jin, chairman of Shinsegae Group. [YONHAP]

Starbucks Korea weekly sales sink 8 billion won in wake of 'Tank Day' controversy

Starbucks Korea’s weekly payment volume dropped by more than 8 billion won ($5.3 million) in the week following controversy over its “Tank Day” event, data showed Wednesday.

2026.5.27

Presidential chief of staff for policy Kim Yong-beom, on the left, speaks during a briefing at the Blue House on April 27. [JOINT PRESS CORPS]

Presidential office denies review underway of 'public dividend' on chip boom tax revenue

The government is not conducting any review on handing out "public dividends," the Blue House said Thursday, strongly dismissing a news report that such a review is currently underway.

2026.5.14

Kakao posts record Q1 earnings with 66% jump in operating profit on key affiliates

Kakao posted its strongest first quarter earnings on record on Thursday, driven by solid performances in its advertising business and key affiliates, but still faces a long road ahead in turning AI into a profitable business.

2026.5.7

A person shops at a supermarket in central Seoul on April 20. [NEWS1]

Retail revenue climbs 5.6 percent in March on tourism, back-to-school boost

Revenue of major retail companies in Korea rose 5.6 percent from a year earlier in March on robust consumption demand fueled by a sharp increase in inbound travelers to the country coupled with the arrival of the back-to-school season.

2026.4.29

An Olive Young store in Gyeongju, North Gyeongsang [OLIVE YOUNG]

Olive Young, Musinsa, others expand in Korea beyond Seoul in hunt for new customers

Beauty and fashion retailers are expanding their operations beyond Seoul by opening new stores and investing heavily in local markets as they make efforts to use shifting shopping habits to their advantage and to attract new customers.

2026.4.11

Kakao narrows net loss for Q4 on strong platform biz sales

Korean internet tech giant Kakao said Thursday its net loss narrowed sharply in the fourth quarter on record-breaking revenue driven by strong performance in its flagship platform business.

2026.2.12