Asia News

CNC
Added On August 7, 2018

 South Korean firms had mixed results in the second quarter.

 
Around half of listed companies have beat expectations, and half missed.
 
S KOREA POST MODERATE Q2 EARNINGS
 
New data Sunday, shows that South Korea's listed firms hit 40 trillion won (35.5 billion U.S. dollars) of profit in the second quarter.
 
While up 15 percent on last year, that figure missed market expectations.
 
Of the 102 listed firms to have reported earnings, 51 did better than expected, and 51 did worse.
 
Leading the falls, was South Korea's largest company: Samsung Electronics. Muted sales saw the phonemaker report profits around 3 percent under expectations.
 
4 OUT 5 JAPAN TRANSPORTERS BREAKING RULES
 
More than 80 percent of Japan's transport operators are breaking the rules.
 
That's according to a new Government survey, that found 84 percent of firms hiring truck, bus and taxi drivers were over-working drivers, or violating overtime payment laws.
 
Drivers are only allowed to be on the road 293 hours a month. But the investigation found some drivers were working nearly 30 hours more.
 
61 cases were so serious. They've been referred to prosecutors.
 
Firms blame a tough market, saying price competition and worker shortages are adding pressure.