South Korean companies are expected to report weaker-than-expected earnings for the second quarter as the firmer local currency is feared to have undercut their performance and Samsung Electronics Co., which wields enormous sway over the country's corporate earnings chart, is likely in for lackluster results, the latest data showed Tuesday.
The operating profit estimate for 270 listed companies was cut by 4.5 percent for the April-June period to 30.5 trillion won (US$29.94 billion) as of Friday from an estimate of 31.94 trillion won made at the end of May, according to the data compiled by Daishin Securities.