Most Popular
-
1
Actor Jung Woo-sung admits to being father of model Moon Ga-bi’s child
-
2
Wealthy parents ditch Korean passports to get kids into international school
-
3
Man convicted after binge eating to avoid military service
-
4
First snow to fall in Seoul on Wednesday
-
5
Final push to forge UN treaty on plastic pollution set to begin in Busan
-
6
Korea to hold own memorial for forced labor victims, boycotting Japan’s
-
7
Nvidia CEO signals Samsung’s imminent shipment of AI chips
-
8
Industry experts predicts tough choices as NewJeans' ultimatum nears
-
9
Job creation lowest on record among under-30s
-
10
NK troops disguised as 'indigenous' people in Far East for combat against Ukraine: report
Major South Korean credit card issuer Samsung Card Co. said Friday its net profit jumped nearly 16 percent in 2020 from a year earlier despite the coronavirus outbreak.
Net profit came to 398.8 billion won ($357 million) last year, up 15.9 percent from a year earlier, the company said in a regulatory filing.
Sales climbed 2.2 percent on-year to 3.37 trillion won, with its operating profit surging 18.8 percent to 534.3 billion won.
Last year's solid performance by Samsung Card, the No. 2 industry player, came in spite of South Koreans' decreased card use in the wake of the coronavirus pandemic.
South Korea has been gripped by the outbreak of COVID-19 since Jan. 20, 2020, when the country reported its first case.
Samsung Card is the credit card arm of Samsung Group, South Korea's top family-controlled conglomerate that also has smartphone and memory chip giant Samsung Electronics Co. under its wing. (Yonhap)
Net profit came to 398.8 billion won ($357 million) last year, up 15.9 percent from a year earlier, the company said in a regulatory filing.
Sales climbed 2.2 percent on-year to 3.37 trillion won, with its operating profit surging 18.8 percent to 534.3 billion won.
Last year's solid performance by Samsung Card, the No. 2 industry player, came in spite of South Koreans' decreased card use in the wake of the coronavirus pandemic.
South Korea has been gripped by the outbreak of COVID-19 since Jan. 20, 2020, when the country reported its first case.
Samsung Card is the credit card arm of Samsung Group, South Korea's top family-controlled conglomerate that also has smartphone and memory chip giant Samsung Electronics Co. under its wing. (Yonhap)
