Feeds

Three Korean memory manufacturers show mixed results

But debts mount

  • alert
  • submit to reddit

3 Big data security analytics techniques

The beleaguered South Korean economy, combined with a worldwide slump in memory prices, have had an impact on the results of Hyundai, Samsung and LG. The world's largest memory manufacturer, Samsung, performed best, with an increase in profit up to $113 million for the first six months of 1998, from $92 million in the same period last year. Sales for the half year also rose by 18 per cent to $7.9 billion. Samsung was boosted by strong sales of telecoms equipment, said analysts, but semiconductor and consumer electronics sales remained weak. Samsung also benefited from the weakness of the South Korean won against the dollar, and meant it boosted its earnings from exports. But the other South Korean giants which make memory fared less well. Hyundai posted a $250 million loss for the period, compared with a $113 million profit last year. The loss came on sales up 63 per cent to $1.75 billion. Also making a six-month loss was LG Semicon which lost $188 million, against a $12 million profit last year. Again sales were up, this time by 42 per cent to $912 million. A Coopers & Lybrand financial audit of South Korean company debt - at the end of 1997 - showed that many of the chaebols owed banks large amounts of money. Samsung had $5 billion in long-term loans and $1 billion in short-term, LG had $2.9 billion in long-term debt and $276 million in short term and Hyundai's long-term debt was $3.27 million with its short-term debt standing at $1.47 billion. The government of South Korea is still pushing these three companies to consolidate their business activities but so far they have resisted attempts to do so.

Combat fraud and increase customer satisfaction

More from The Register

next story
Dropbox defends fantastically badly timed Condoleezza Rice appointment
'Nothing is going to change with Dr. Rice's appointment,' file sharer promises
Audio fans, prepare yourself for the Second Coming ... of Blu-ray
High Fidelity Pure Audio – is this what your ears have been waiting for?
Did a date calculation bug just cost hard-up Co-op Bank £110m?
And just when Brit banking org needs £400m to stay afloat
MtGox chief Karpelès refuses to come to US for g-men's grilling
Bitcoin baron says he needs another lawyer for FinCEN chat
Zucker punched: Google gobbles Facebook-wooed Titan Aerospace
Up, up and away in my beautiful balloon flying broadband-bot
Apple DOMINATES the Valley, rakes in more profit than Google, HP, Intel, Cisco COMBINED
Cook & Co. also pay more taxes than those four worthies PLUS eBay and Oracle
It may be ILLEGAL to run Heartbleed health checks – IT lawyer
Do the right thing, earn up to 10 years in clink
prev story

Whitepapers

Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Top three mobile application threats
Learn about three of the top mobile application security threats facing businesses today and recommendations on how to mitigate the risk.
Combat fraud and increase customer satisfaction
Based on their experience using HP ArcSight Enterprise Security Manager for IT security operations, Finansbank moved to HP ArcSight ESM for fraud management.