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Start your day with a roundup of key stories from The Korea Herald with news and comment on all that’s happening in Korea.

[Monitor] SK reaps more profit than Samsung in pandemic

By Korea Herald

Published : Aug. 18, 2020 - 11:00

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SK Group reaped the largest net profit in the first half of this year amid the COVID-19 pandemic, beating Samsung Group on equity gains from its affiliates, data from Yonhap Infomax showed Sunday.

The consolidated net profit of SK rose 32 percent to 6.19 trillion won ($5.2 billion) during the first six months compared to a year ago, driven by strong performances of its key affiliates such as SK hynix, SK Telecom and SK Innovation.

Samsung came second with its net profit declining 30 percent from a year ago due mainly to slower sales in the mobile businesses.

(khnews@heraldcorp.com)

Korea Herald
Korea Herald
Articles by Korea Herald

[Monitor] SK reaps more profit than Samsung in pandemic

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