On the non-operating side, the rapid depreciation of the Korean won against the US dollar in September resulted in foreign exchange-related losses of around 420 billion won due to translationofforeigncurrency- denominated assets and liabilities.
Toyota also felt the hit offoreigncurrencytranslation, as the yen strengthened on heightened risk aversion as investors sought protection given instability in Europe and a declining U.S. dollar.
United Technologies posted second quarter earnings before the bell on Wednesday, seeing net income jump 19% on organic growth in all six of its business units as well as a substantial favorable impact offoreigncurrencytranslation given the weak U.S. dollar.
Excluding the impact of strategies to eliminate some businesses as well as the effects from unfavorable foreigncurrencytranslation, revenue increased 5 percent.