Korea's listed firms are enjoying strong results in the first quarter of this year as the U.S.-led global economic recovery is entering an expansionary phase. Some analysts predicted the combined operating profit of the listed companies would reach 170 trillion won this year, up by about 20 trillion won from a year ago.
According to financial information provider FnGuide on March 30, two out of three listed companies are expected to see their operating profit grow in the first quarter of this year.
Among the 345 listed companies for which earnings estimates are available, 230 companies are estimated to have marked a positive growth in operating profit in the first quarter. The number of listed companies that are expected to bounce back to the black in the first quarter is estimated at 19.
As the upward trend of the nation's exports that began from late last year continues in March, expectations are growing for better earnings ahead for the listed companies. According to the Korea Customs Service, the nation's shipments for the period from March 1 to 20 registered a positive year-on-year growth of 14.8 percent.
Korea Investment Corporation (KIC) will open its third overseas office in Singapore as early as August in its push for alternative investments in Asia, according to a local newspaper report. The opening of a foreign office will come six years&hellip
South Korea’s Hanwha Asset Management Co. Ltd. will launch three global funds for infrastructure, real estate and private equity investments, with $1 billion commitments from two insurance units of its parent group. Hanwha Life Insurance Co. Ltd. and Hanwha General&hellip
An investment firm of South Korea’s Samsung Life Insurance Co. Ltd is forming a blind-pool real estate fund worth around 500 billion won ($443 million) with commitments from other Samsung financial units to acquire a building of the Organisation for Economic Co-operation&hellip