S. Korean companies show strong sales for Q1

Despite economic uncertainty largely stemming from the new U.S. tariffs, Korean companies have been performing strongly.

First quarter sales for Hyundai Motors were at a record high for the quarter of 44-trillion won, or some 31-billion U.S. dollars.

Operating profits also increased by some 2-percent compared to the same period last year.

This was mostly driven by eco-friendly vehicles, including hybrid cars.

LG Electronics also saw record-high sales for the quarter with an increase of nearly 8-percent from a year ago.

The company attributed this to its B2B business as well as its heating, ventilation, and air conditioning solutions.