Industry

Samsung Electronics posts 57.2 trillion won earnings surprise, beating estimates on semiconductor boom

Samsung Electronics posted preliminary first-quarter operating profit of 57.2 trillion won on revenue of 133 trillion won, far above securities firm estimates. The result was driven by surging memory prices and strong memory exports, with DRAM and NAND cited as key contributors. Analysts expect weaker performance in non-semiconductor units, including MX and displays, while the foundry business is still estimated to be loss-making.

Games & Commerce

Coupang estimated payments hit 57.1 trillion won in March, up 12 percent from February

Wiseapp Retail said on April 7 that Coupang’s estimated payment amount last month, excluding Coupang Eats, was 57.1 trillion won, up 12 percent from 51.1 trillion won the previous month. It said the number of monthly users of the Coupang app rose 1 percent to 33.45 million from 33.12 million. It described the increase as the first rebound after three straight months of declines.