Wed, Nov 26, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Currencies more

Strong Currency Hits Corporate Profits in South Korea

Posted on 25 July 2014

South Korea’s corporate sector reported disappointing profits Thursday due to a strong local currency that’s making it harder to compete in overseas markets at a time of lackluster global growth.
Hyundai Motor, SK Hynix Inc., a chip maker and steelmaker Posco all blamed the currency for sizeable declines in net profits during the second quarter. LG Electronics Inc., whose net profit doubled in the quarter due to a revival of its smartphone business, said profits would have been larger still if the won hadn’t been so strong………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38144 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30