car sales
Scope
Date
~
-
Electric vehicles
Hyundai Motor to manufacture BAIC’s Arcfox EVs in China
BEIJING -- Hyundai Motor Co. is set to manufacture electric vehicles of Arcfox, a Chinese EV brand owned by BAIC Motor Corp., as the leading South K...
Oct 11, 2023 (Gmt+09:00)
-
Retail
Shilla Duty Free ready to boost sales at Changi Airport
HDC Shilla Duty Free Ltd., the operator of The Shilla Duty Free Shop, said on Tuesday it has extended the contract to run cosmetics and perfume stor...
Oct 11, 2023 (Gmt+09:00)
-
Earnings
LG Elec beats earnings estimates on healthy automotive biz
LG Electronics Inc., the leading global home appliance maker, reported better-than-expected quarterly earnings thanks to the strong automotive busin...
Oct 10, 2023 (Gmt+09:00)
-
Korean food
Lotte Wellfood ups Choco Pie India sales target to $60 mn with new factory
Lotte Wellfood Co., formerly Lotte Confectionery Co., has revised up this year’s Choco Pie sales forecast in India to 80 billion won ($60 mill...
Oct 10, 2023 (Gmt+09:00)
-
Retail
S.Korea’s petrochemical, steel firms open online shopping malls
South Korea’s petrochemical and steel companies, which mainly engage in business-to-business transactions, are opening or running a string o...
Oct 10, 2023 (Gmt+09:00)
-
Petrochemicals
Lotte Chemical sells JV stakes in China, eyes other profitable markets
South Korea’s Lotte Chemical Corp. has sold its entire stakes in joint ventures with Chinese partners as the Korean company faces a supply glu...
Oct 09, 2023 (Gmt+09:00)
-
Automobiles
Hyundai to hike Exter SUV output to capitalize on void in India
Hyundai Motor Co. plans to ramp up the production of its compact sport utility vehicle Exter in India to capitalize on the void in the entry-level S...
Oct 09, 2023 (Gmt+09:00)
-
Automobiles
Tesla Model Y reclaims spot as Koreans' favorite foreign car in September
The Tesla Model Y reclaimed the top spot on the best-selling imported car list in South Korea last month for the first time since September 2022. Th...
Oct 06, 2023 (Gmt+09:00)
-
Automobiles
Hyundai Motor, Kia to adopt Tesla’s charging standard for EVs
Hyundai Motor Co. and Kia Corp. have joined Tesla's Supercharger network for electric vehicles (EV).The North American branches of the two South Kor...
Oct 06, 2023 (Gmt+09:00)
-
Steel
Hyundai Steel aims to reduce reliance on Hyundai, Kia
South Korea's Hyundai Steel Co. is aiming to reduce its dependence on its affiliates Hyundai Motor Co. and Kia Corp. to become one of the world&rsqu...
Oct 05, 2023 (Gmt+09:00)
-
Automobiles
SUVs, small pickups grab largest share of S.Korea's car market
Sport utility vehicles (SUV) and small pickup trucks in South Korea are occupying a larger share of the domestic automotive market.Industry sources ...
Oct 04, 2023 (Gmt+09:00)
-
Automobiles
Recreational cars grab largest share of S.Korea's automotive market
Recreational vehicles (RVs) in South Korea like sport utility vehicles (SUV) and small pickups are occupying a larger share of the domestic automoti...
Oct 04, 2023 (Gmt+09:00)
-
Automobiles
EVs, SUVs power Hyundai, Kia’s US sales to Sept records
Hyundai Motor Co. and Kia Corp., South Korea’s two largest carmakers, enjoyed record September sales thanks to the popularity of their electri...
Oct 04, 2023 (Gmt+09:00)
-
Electronics
Samsung to launch cloud gaming service for Galaxy users
Samsung Electronics Co., the world’s top smartphone maker, is set to unveil a cloud gaming service for mobile devices as it seeks new profit s...
Oct 02, 2023 (Gmt+09:00)
-
Economy
Korean Sept export drop eases as chip sales hit 1-year high
South Korea’s exports slowed their decline in September to their mildest drop amid a yearlong downturn, raising hopes for a recovery in Asia&r...
Oct 02, 2023 (Gmt+09:00)
-
Bio & Pharma
Celltrion gets sales approval for Yuflyma in Japan
South Korea's biopharmaceutical company Celltrion Inc. announced on Tuesday that it has secured approval from the Japanese Ministry of Health, Labou...
Sep 26, 2023 (Gmt+09:00)
-
Bio & Pharma
Celltrion signs largest-ever quarterly deal with global sales affiliate
Celltrion Inc., a South Korean biopharmaceutical giant, said Monday it will provide biosimilars worth 423.6 billion won ($323.6 million), its larges...
Sep 25, 2023 (Gmt+09:00)
-
Energy
US OKs Chinese-made solar modules using materials of S.Korea's OCI
The US has approved the import of Chinese-made solar panels using polysilicon from South Korea's green and energy company OCI Holdings Co.Pundits sa...
Sep 25, 2023 (Gmt+09:00)
-
Electronics
B2B, home appliance giant LG's new money spinner
A sense of crisis gripped South Korean home appliance giant LG Electronics Inc. two years ago when consumers tightened their purse strings on growin...
Sep 21, 2023 (Gmt+09:00)
-
Electric vehicles
Kia releases EV model of compact car Ray
Kia Corp., South Korea’s No. 2 automaker, on Thursday announced the launch of its newest electric vehicle (EV), The Kia Ray EV, an electrified...
Sep 21, 2023 (Gmt+09:00)
-
Executive reshuffles
Shinsegae axes E-Mart, department store CEOs amid weak sales
South Korea’s retail giant Shinsegae Inc. on Wednesday carried out one of its most drastic executive reshuffles, replacing chief executives of...
Sep 20, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
Naver Smart Store's 100 mn won club reaches 45,000 members
Around 45,000 sellers on South Korea's Naver Smart Store as of June raked in annual sales of 100 million won ($72,250) or more, or 7.9% of the overa...
Sep 20, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
Korean B2B cloud computing firm BusinessOn up for sale
BusinessOn Communication Co., a leading cloud computing firm listed on the junior bourse Kosdaq, is open to a sale of its controlling stake for arou...
Sep 19, 2023 (Gmt+09:00)
-
Tech, Media & Telecom
SW based on Hancom's tech released in Taiwan
South Korea's office suite software maker Hancom Inc. on Monday said it has released Kdan Office, the Taiwanese office software co-developed with gl...
Sep 19, 2023 (Gmt+09:00)
-
Retail
NHN Commerce to expand into Chinese market with Xinxuan
NHN Commerce, South Korea's major online company NHN Corp.'s online shopping platform, announced its strategic business agreement with China's leadi...
Sep 18, 2023 (Gmt+09:00)
-
Korean games
Netmarble eyes surplus in H2 with success of new games
South Korean game developer Netmarble Corp. is eyeing profits in the second half as its latest games gain in popularity, after posting deficits for ...
Sep 18, 2023 (Gmt+09:00)
-
Automobiles
Hyundai promotes Busan’s bid for 2030 Expo in New York with art cars
Hyundai Motor Group supports Busan’s bid to host the 2030 World Expo with IONIQ 5, IONIQ 6, and Genesis G80 covered with graffiti reading &l...
Sep 18, 2023 (Gmt+09:00)
-
Automobiles
Hyundai Motor’s Genesis: Distilled luxury with 1 million car sales
In South Korea’s automobile industry, it is widely acknowledged that the country’s homegrown premium car brand started with the Genesis....
Sep 17, 2023 (Gmt+09:00)
-
Automobiles
Hyundai Motor set to exit Russia with St. Petersburg plant sale to AGR
South Korea’s top automaker Hyundai Motor Co. is reportedly exiting Russia by selling its car manufacturing plant in St. Petersburg to AGR Aut...
Sep 14, 2023 (Gmt+09:00)
-
Energy
Samsung C&T sells 3GW solar energy project in US to local firm
Samsung C&T Renewables, the renewable energy corporation of South Korea's Samsung C&T Corp. in the US, announced on Thursday that it has s...
Sep 14, 2023 (Gmt+09:00)
Latest News
- 1 NPS-backed new prime office struggles with poor demand
- 2 Affinity-backed SSG.COM offers first voluntary redundancy
- 3 Lotte to cut basic chemicals in portfolios for profitability
- 4 Young rich Koreans: Financially literate, self-directing
- 5 LG Elec logs record Q2 profit on home appliances, car parts