Profitability at paper company Moorim Paper sharply deteriorated in the first quarter of this year.
Moorim Paper disclosed on the 15th that it posted an operating profit of 200 million won in the first quarter of 2026. That was down 96% from a year earlier. Revenue for the same period fell 3.6% to 307.2 billion won.
Rising prices of raw materials such as pulp affected the results. However, compared with the previous quarter, some metrics improved as strong exports to North America and a weaker won were reflected.
A Moorim Paper official said, "External uncertainties persist, including higher ocean freight rates due to tensions in the Middle East and volatility in oil prices," and added, "We plan to closely monitor market conditions and focus on minimizing risks."