S. Korean major firms' Q1 earnings outlook grim amid weak global chip demand
Industry
The first-quarter earnings outlook for South Korea's major companies, including the world's leading chipmakers Samsung Electronics Co. and SK hynix Inc., remains grim due mainly to sluggish global demand, an analysis of industry data showed Sunday. According to securities firms' forecasts compiled by Yonhap Infomax, Samsung Electronics is projected to have posted an operating profit of 720 billion won (US$549.7 million) during the first three months of the year. It marks a 94.9 pe