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SEOUL — Samsung Electronics Co Ltd's quarterly profit will likely plunge 58 per cent to its lowest in six years as a global economic downturn saps demand for electronic devices and clouds the outlook for the memory chip industry. With consumers and businesses reducing spending and investment in the face of high inflation and climbing interest rates, smartphone makers and...
Samsung's quarterly profit may plunge 58% as a global economic downturn saps demand for electronic devices and clouds the outlook for the chip industry.
SK Innovation Co Ltd , the owner of South Korea's top oil refiner SK Energy, said on Thursday it expects a gradual recovery in refining margins this quarter as stronger Western sanctions on Russia and... | November 3, 2022
SEOUL (Reuters) -South Korea's SK Hynix Inc posted a 60% drop in third-quarter profit, missing estimates as red-hot inflation hurt demand for electron...
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korean chipmaker SK Hynix Inc said on Wednesday the memory chip market is facing an "unprecedented deterioration", as its third-quarter profit tumbled 60% amid a surge