Page 6 - Shareholder Return Program News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pandemic memory chip demand increases Samsung profits by 21.5% 2 minutes read Seoul, Jan 28 (efe-epa).- The high demand for memory chips and displays as a result of lockdowns caused by the Covid-19 pandemic increased the net profit of Samsung Electronics by 21.48 percent in 2020, the South Korean technology giant reported on Thursday. The Suwon-based company earned 26.4 trillion won (nearly $23.6 billion) over the year compared to the 21.74 trillion won of 2019. Its operating profit increased by 29.6 percent to 35.99 trillion won and its turnover increased by 2.78 percent to 236.81 trillion...

Kospi crosses 2,800 mark on chip rally | An electronic signboard is seen showing the closing mark of the Kospi at a currency dealing roomm of Hana Bank headquarters in Seoul, Thursday. (Yonhap) South Korea‘s stock market hit a new all-time high Thursday as the Korea Exchange’s main board Kospi crossed the 2,800 mark on massive institutional buying of chip shares. The Kospi rose 1.7 percent to 2,806.86 on Thursday, pushing its total market cap to reach 1,936.5 trillion won ($1.8 trillion). Kospi crossing the 2,800 mark came three weeks after it passed the previous threshold of 2,700 on D...