South Korea's top 500 medium-sized businesses saw a 7% increase in Q2 2024 combined earnings, led by chip and auto parts sectors.

South Korea's top 500 medium-sized businesses saw a 7% increase in combined earnings in Q2 2024, driven by chip and auto parts sectors. Operating profits rose 107.1% in semiconductors & 18.9% in autos, with Samsung Electronics and SK hynix leading the growth due to AI semiconductor demand. Total operating profit reached 3.42 trillion won ($2.52 billion), sales rising 4.2% to 59.6 trillion won.

August 18, 2024
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