car selling price
Scope
Date
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Automobiles
Hyundai to shift gear toward software-centric cars from 2023
Hyundai Motor Group will introduce software-defined vehicles (SDVs) that receive wireless software updates for models to be released from next year,...
Oct 12, 2022 (Gmt+09:00)
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Central bank
BOK takes another big step hike as weak won lifts prices
South Korea’s central bank on Wednesday delivered its second 50-basis-point policy interest rate hike as the ailing won currency adds to infla...
Oct 12, 2022 (Gmt+09:00)
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Automobiles
Hyundai’s NEXO crossover tops world’s hydrogen vehicle market
Hyundai Motor Co.'s NEXO crossover has become the world’s best-selling hydrogen fuel cell electric vehicle (FCEV) in the first eight months of...
Oct 11, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korea's Naver to ramp up global IR activity as stock continues decline
South Korea’s online portal giant Naver Corp. is poised to hire an investor relations (IR) executive whose chief responsibility will be to com...
Oct 11, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Korean shipbuilders regain top post, to profit from higher ship prices
South Korea’s three major shipbuilders have regained the world’s No. 1 title in terms of ship orders and are expected to swing to profit...
Oct 09, 2022 (Gmt+09:00)
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Private equity
Hahn & Co. to sell off Korea's major biofuel maker SK Eco Prime
South Korean private equity firm Hahn & Company is set to put a 100% stake in biofuel manufacturer SK Eco Prime on sale, with Goldman Sachs as a...
Oct 07, 2022 (Gmt+09:00)
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Airlines
OPEC output cut to worsen Korean airlines’ woes
South Korea’s airlines, already slammed by a weaker won currency and rising interest rates, are expected to suffer more from global major oil ...
Oct 06, 2022 (Gmt+09:00)
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Shipping & Shipbuilding
Hyundai Heavy's KSOE expected to turn to black in Q3
Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, is forecast to have turned to the black for the firs...
Oct 03, 2022 (Gmt+09:00)
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Automobiles
EVs, hybrids in growing demand in used car market
Eco-friendly cars such as electric vehicles and hybrids have increased their share in South Korea's used car market, together accounting for 36% of ...
Oct 03, 2022 (Gmt+09:00)
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Korean chipmakers
SoftBank’s Son expected to meet Samsung's Lee for Arm M&A discussion
SoftBank Group Corp. CEO Masayoshi Son, who also goes by the Korean name Son Jeong-ui, arrived in South Korea on Saturday. When asked about the purp...
Oct 02, 2022 (Gmt+09:00)
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Real estate
Tiger Alternative, Ocean West sell 7 warehouses in US for $1 bn
A consortium led by South Korea’s Tiger Alternative Investors Co. and Los Angeles-based real estate firm Ocean West Capital Partners sold seve...
Sep 30, 2022 (Gmt+09:00)
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Markets
Short selling piles up on Kospi’s top three stocks
South Korea’s three largest companies by market cap -- Samsung Electronics Co, LG Energy Solution Co. and SK Hynix Inc. -- were heavily short ...
Sep 30, 2022 (Gmt+09:00)
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Electric vehicles
Kia’s EV6 GT: Faster than supercars Lamborghini, Porsche and Ferrari
South Korea’s sports car enthusiasts now have one more supercar option to enjoy at an affordable price – one that is arguably as powerfu...
Sep 29, 2022 (Gmt+09:00)
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Markets
Kospi hits two-year low; regulators mull short-selling ban
South Korea's stock market tumbled to its lowest level in more than two years on Wednesday, as fears of a slowing global economy and rising inflatio...
Sep 28, 2022 (Gmt+09:00)
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Korean chipmakers
NAND chips may sustain double-digit price drops in Q4
NAND flash memory chip prices are expected to sustain a double-digit decline in the fourth quarter of this year due to oversupply and waning demand,...
Sep 27, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Diageo revokes agreement for sale of Windsor to South Korean consortium
London-based global alcoholic beverage company Diageo plc announced Tuesday it plans to revoke the domestic management rights of the Windsor whisky ...
Sep 27, 2022 (Gmt+09:00)
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Future mobility
Hyundai Mobis hosts future mobility startups in Silicon Valley
South Korea’s Hyundai Mobis Co. will host a future mobility conference, dubbed Mobis Mobility Day, with around 80 experts from mobility startu...
Sep 27, 2022 (Gmt+09:00)
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Steel
POSCO, Hancock to invest $200 mn to raise Senex's gas output
South Korea’s POSCO International Co. and its Australian mining partner Hancock Prospecting Pty Ltd. will invest A$300 million ($200 million) ...
Sep 26, 2022 (Gmt+09:00)
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Korean stock market
Korea's Kospi plunges to year's record low close on foreign selling
South Korea’s main bourse Kospi dropped 1.81% to finish at 2,290.00 on Sept. 23, hitting a new low closing for the year amid growing woes over...
Sep 25, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Lotte Card seeks to sell transportation card subsidiary
South Korea’s credit card company Lotte Card Co. is slated to sell its subsidiary Loca Mobility Corp., the second-largest public transportatio...
Sep 25, 2022 (Gmt+09:00)
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Electric vehicles
EV tax credits may prove detrimental to the US: EU official
The US decision to remove tax incentives for cars produced outside North America may violate World Trade Organization (WTO) provisions and could be ...
Sep 22, 2022 (Gmt+09:00)
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Future mobility
Korea unveils autonomous driving, commercial drone service roadmap
South Korea aims to launch advanced autonomous driving, commercial drone and other urban air mobility services by 2025, as the country strives to be...
Sep 19, 2022 (Gmt+09:00)
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Future mobility
Kakao Mobility, Hyundai to launch pilot robotaxi service by year-end
Kakao Mobility Corp., which runs South Korea’s most popular taxi-hailing app, and top Korean automaker Hyundai Motor Co. have agreed to launch...
Sep 19, 2022 (Gmt+09:00)
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Aerospace & Defense
KAI signs $3 bn fighter jet export contract with Poland
Korea Aerospace Industries Ltd. (KAI), the country’s military aircraft manufacturer, has inked a formal deal worth $3 billion to export light ...
Sep 19, 2022 (Gmt+09:00)
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IPOs
Korea battery, chip companies fail to reboot IPO market
South Korea’s battery and semiconductor companies, stock investors’ favorites, failed to revive the local initial public offering market...
Sep 18, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea's SG Private Equity to buy local industrial gas supplier
South Korea’s SG Private Equity is set to acquire local industrial gas supplier Hankook Special Gases Co. for a deal in the early 100 billion ...
Sep 16, 2022 (Gmt+09:00)
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Korean food
Price of napa cabbage, key kimchi ingredient, keeps soaring
The price of napa cabbage continues to soar in South Korea. Hit by heavy rainfall during its harvest season, Gangwon Province suffered from a l...
Sep 16, 2022 (Gmt+09:00)
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Automobiles
Drivers try racing Hyundai’s latest models at Asia’s largest driving center
The HMG Driving Experience Center, which is set to open on Sept. 16, will offer the general public an opportunity to try out aspects of professional...
Sep 16, 2022 (Gmt+09:00)
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Mergers & Acquisitions
IMM seeks to sell off low-cost cosmetics brand Missha
IMM Private Equity is trying to sell off the management rights of Able C&C, the parent of Korea’s first-generation low-priced cosmetics br...
Sep 16, 2022 (Gmt+09:00)
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Korean stock market
Samsung family’s shareholdings shrink by $8 bn in one year
Samsung Group’s four heirs to the late Chairman Lee Kun-hee have seen their group company shareholdings shrink by a combined 11 trillion won (...
Sep 13, 2022 (Gmt+09:00)
Latest News
- 1 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 2 AI startup MarqVision raises $16.5 mn to close Series A
- 3 Taihan Cable wins $630 mn power grid project in Singapore
- 4 Korean startup scene is gloomy, say 2 out of 5 startup CEOs
- 5 MBK ups stakes for Korea Zinc to match buyback offer