Archive by category Business

Number of eco-friendly cars in Korea spikes 29% in 2015
Number of eco-friendly cars in Korea spikes 29% in 2015

The number of eco-friendly cars in South Korea shot up almost 29 percent in 2015 from a year earlier amid the government’s push to put more green …

Won-dollar volatility near 6-year high in Feb.
Won-dollar volatility near 6-year high in Feb.

The daily volatility of the won-dollar exchange rate has hit a near six-year high in February amid global financial instability, market data showed Sunday. …

Hyundai, Kia top auto sales in Vietnam in 2015
Hyundai, Kia top auto sales in Vietnam in 2015

South Korea’s top automaker Hyundai Motor Co. and its smaller cousin Kia Motors Corp. emerged as the top automobile seller in Vietnam for the first time …

Seoul unlikely to receive 3 tln won in outstanding loans, interest from N. Korea

SEOUL/SEJONG — South Korea is unlikely to get back 3 trillion won (US$2.5 billion) in outstanding loans and interest payments it provided North Korea in …

[Newsmaker] Hyundai Group mired in N.K. tension
[Newsmaker] Hyundai Group mired in N.K. tension

Escalating tensions between the two Koreas is adding more pressure on North Korea-related business operator Hyundai Group, which is already struggling to save …

Sales of Orion in China hit record high of W1.3 tr
Sales of Orion in China hit record high of W1.3 tr

Sales of Korean snack and confectionary maker Orion in China hit a record high of 1.3 trillion won ($1.07 billion) in 2015, a 14.8 percent increase from a year …

Hyundai, Kia to export 60,000 vehicles to Iran in 2016
Hyundai, Kia to export 60,000 vehicles to Iran in 2016

Korea’s top automakers Hyundai Motor and Kia Motors aim to export 60,000 cars to Iran in 2016, an executive from Hyundai Motor Group said Friday. ‘‘The …

Korean markets jolted by global equity woes
Korean markets jolted by global equity woes

Korean stocks took another drubbing from a plunge in Japan and other major equity markets Friday as panicked investors dumped shares. The local currency fell …

(brief 3) GM Korea gears up for new car launches

(brief 3) GM Korea gears up for new car launches GM Korea is gearing up to launch new Chevrolet and Cadillac models in South Korea this year as it seeks to …

Korean economy struggling with faltering exports, slowing demand

The South Korean economy is dogged by plunging exports stemming from fast falling oil prices and weakening global demand along with domestic consumption, which …

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