[News Space=Reporter seungwon lee] HY (formerly Korea Yakult, CEO Byun Byung-gu) saw a decline in both sales and profitability in 2024 due to the economic downturn and difficulties caused by rising raw material costs. In particular, net loss reached KRW 56.4 billion, up 250% from the previous year. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 4th, hy recorded sales of 1.355 trillion won and operating profit of 58.2 billion won last year. Sales and operating profit fell 4.7% and 14.9% year-on-year, respectively. In particular, net loss
[News Space=Reporter seungwon lee] SYS Retail (CEO Kim Hyung-young, hereinafter referred to as Electronic Land), which once created the legend of home appliance retailers together with Lotte Hi-Mart, is facing significant uncertainty as a going concern after recording deficits for four consecutive years and net losses for three consecutive years last year. In addition, current liabilities are about 80 billion won more than current assets, raising concerns of a liquidity crisis. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 7th, E-Land'
[News Space=Reporter seungwon lee] Hansung FI (CEO Youngcheol Kim), which had been holding a dividend feast despite a 70% drop in operating profit in 2023, turned to a deficit last year. Hansung FI is currently selling 'Taylormade Apparel', 'Renoma Golf', 'All For You', and 'O'Neill' brand products in Korea. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 4th, Hansung FI's sales in 2024 will be 204.7 billion won, a 7.5% decrease from 221.2 billion won the previous year. In 2023, it also decreased by 7% compared to 2022 (237.9 billion won
[News Space=Reporter seungwon lee] OB Beer's Cass, which has boasted the number one spot in the domestic beer market share for 13 consecutive years and is called the 'nation's beer', is suffering humiliation on the world stage with embarrassing evaluations and report cards, such as receiving a failing grade from the 'Beer Michelin'. There are growing voices of criticism that rather than pursuing profits through successive price increases, efforts should be made to improve the quality of products for customers. The 'national beer' with a 40% domestic market share was compared to domestic compet
[News Space=Reporter seungwon lee] Global total medical aesthetics company Hugel Co., Ltd.'s own clinical derma cosmetic brand 'WELLAGE' has officially entered Costco Canada. This is the company's first offline market entry into North America. The product being sold is Wellage's Real Hyaluronic Blue 100 Ampoule' planning set, which has been recognized for its excellent moisturizing effect and quick-drying improvement effect since its launch in 2020, and has become a brand steady seller both domestically and internationally. In Korea, it is continuously growing through online and offline channe
[News Space=Reporter seungwon lee] Nonghyup Hanaro Distribution (CEO Lim Young-sun, Nonghyup Distribution) has been facing a liquidity crisis due to its continuous deficits and increased debt, and its financial soundness has been put on red alert. In addition, eight legal disputes amounting to 38.6 billion won in litigation and 51.3 billion won in retirement benefit liabilities are also adding to the financial burden. According to the audit report of the Financial Supervisory Service's electronic disclosure system on the 8th, Nonghyup Distribution's sales in 2024 will be 1.271 trillion won, a
[News Space=Reporter seungwon lee] "There is a saying that the head of Hanwha Aerospace's domestic business division is Kim Jong-un and the executive in charge of overseas business is Putin," and "It is said jokingly, but (Hanwha Aerospace) is seeing the full effect of the two people." Ahn Byung-chul, the President of Strategy at Hanwha Aerospace, is being criticized for saying this while announcing a plan to reduce the size of the paid-in capital increase at the 'Hanwha Aerospace Future Vision Briefing' held at the Hanwha Building in Jung-gu, Seoul on the 8th. Hanwha Aerospace is accelerating
[News Space=Reporter seungwon lee] HD Hyundai is speeding up its entry into the U.S. market by entering into shipbuilding business cooperation with Huntington Ingalls Industries, the largest defense shipbuilding company in the U.S. HD Hyundai announced on the 7th (local time) that it signed a 'Memorandum of Understanding (MOU) for cooperation in improving ship productivity and advanced shipbuilding technology' with Huntington Ingalls. The signing ceremony took place at the Huntington Ingalls exhibition hall in the Sea Air Space 2025 (SAS 2025) held in Washington D.C., USA, and was attended by
[News Space=Reporter seungwon lee] Royal Canin Korea Ltd. (CEO Kaisia Dong), the overwhelming leader in the domestic pet market, reported double-digit growth in sales, operating profit, and net profit last year. According to the Financial Supervisory Service's electronic disclosure system audit report on the 7th, Royal Canin Korea's sales in 2024 increased by 14.3% to KRW 370.9 billion compared to KRW 324.4 billion the previous year. Operating profit also soared by a whopping 43% to KRW 58.5 billion compared to KRW 40.9 billion the previous year. The operating profit ratio also recorded a go
[News Space=Reporter seungwon lee] LS plans to strengthen economic cooperation in the electricity, energy, and agriculture sectors that are in urgent need of post-war reconstruction and recovery in Ukraine. To this end, LS Vice Chairman Myung-Noh Hyun stayed in Kiev, Ukraine in early April and met with ministers and CEOs from relevant ministries, including the Ministry of Energy, Ministry of Economy, and Ministry of Agriculture and Forestry, to explore the possibility of mutual cooperation centered on restoring energy transmission and distribution networks, including ESS (Energy Storage System
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UPDATE: 2025년 07월 12일 14시 57분
