South Korean companies listed on the benchmark KOSPI posted a record surge in earnings in the first half of the year, with combined net profit more than quadrupling from a year earlier. While improving semiconductor conditions were the main driver, profitability also more than doubled among companie
In the first half of the year, South Korean companies listed on the KOSPI saw a record surge in earnings, with combined net profit more than quadrupling from a year earlier. While semiconductor conditions were the main driver, profitability also more than doubled among companies outside the chip sector, indicating a broader improvement in corporate earnings.
The electronics and electrical equipment sector witnessed the strongest net-profit growth at 697.01%, followed by chemicals at 432.14%, general services at 361.07%, and nonmetallic products at 317.63%.
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