imported car distribution and sales
Scope
Date
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Electric vehicles
Hyundai Motor launches trade-in program to revive EV sales
Hyundai Motor Co., South Korea’s top automaker, said on Thursday it introduced a trade-in program in the country for electric vehicles to boos...
Mar 07, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Heavy picks Philippines as Asian base for warship sales
South Korea’s top shipbuilder HD Hyundai Heavy Industries Co. (HHI) said on Thursday it has chosen the Philippines as its base for the sale of...
Mar 07, 2024 (Gmt+09:00)
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Real estate
IGIS Asset halts sale process of controlling stake
Key shareholders of South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, have decided to halt the process of...
Mar 07, 2024 (Gmt+09:00)
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Economy
S.Korea’s GNI per capita rebounds in 2023 as won stabilizes
South Korea’s gross national income (GNI) per capita rebounded last year as the won currency stabilized amid signs of a recovery in exports fr...
Mar 05, 2024 (Gmt+09:00)
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Batteries
POSCO Future M to import natural graphite from Africa
South Korea’s only anode materials producer POSCO Future M Co. will import a maximum 60,000 tons of natural graphite products from Balama Grap...
Mar 01, 2024 (Gmt+09:00)
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Real estate
IGIS Asset Management's controlling stake put on sale
South Korea’s IGIS Asset Management Co., one of the largest real estate firms in Asia, has put the company’s 25% stake plus control prem...
Feb 29, 2024 (Gmt+09:00)
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Bio & Pharma
GC Biopharma aims to boost Alyglo sales sixfold in the US
CHEONGJU, North Chungcheong Province -- South Korea’s major pharmaceutical company GC Biopharma Corp. aims to raise the sales of Alyglo, its i...
Feb 28, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung holds DRAM supremacy with its market share at 7-year high
Samsung Electronics Co., the world’s largest memory chipmaker, saw its supremacy in the DRAM segment strengthen last year with its market shar...
Feb 27, 2024 (Gmt+09:00)
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K-pop
BTS agency HYBE logs record sales backed by albums, concerts
HYBE Co., the agency behind K-pop sensation BTS, last year logged the highest-ever annual revenue for a South Korean entertainment company, backed b...
Feb 26, 2024 (Gmt+09:00)
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Machinery
Hyundai Everdigm enters NA construction machinery market
South Korea’s Hyundai Everdigm Corp. announced on Monday that it has signed a dealership agreement with the US-based heavy equipment special...
Feb 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia enjoy renewed popularity of LPG trucks Porter, Bongo
Many economists are trumpeting weak business conditions for the coming months. But an economic slowdown isn’t all that bad for Hyundai Motor C...
Feb 26, 2024 (Gmt+09:00)
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Automobiles
Kia Niro surpasses 1 million global sales
Kia Corp.'s Niro, a compact crossover SUV hybrid and electric vehicle (EV) model, has surpassed the 1 million global sales milestone since its first...
Feb 26, 2024 (Gmt+09:00)
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Foreign exchange
S.Korea’s foreign currency deposits fall as dollar’s strength seen limited
South Korea’s foreign currency deposits fell for the first time in four months in January as the dollar’s further gains versus the won f...
Feb 23, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia aim to raise Indian sales after record output
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, aim to raise sales by 4.2% in India this year after logging record vehi...
Feb 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor launches EVery care for electric cars
Hyundai Motor Co. announced on Thursday that it launched EVery Care, an integrated program that will take care of customers' electric vehicle (EV) l...
Feb 22, 2024 (Gmt+09:00)
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Future mobility
Hyundai, Kia team up with KAIST on self-driving car sensor
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, have joined hands with the nation's top national research university to...
Feb 21, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HMM, Hyundai Glovis aim for car shipping sector as rates jump
South Korea’s major ocean carriers HMM Co. and Hyundai Glovis Co. aim to take advantage of the booming car shipping business as vehicle freigh...
Feb 20, 2024 (Gmt+09:00)
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Electronics
LG Display to pull out of LCD business; BOE, CSOT eye Guangzhou plant
LG Display Co. has put its liquid crystal display (LCD) panel plant in Guangzhou, China up for sale as the South Korean display panel maker plans to...
Feb 20, 2024 (Gmt+09:00)
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Electronics
HD Hyundai to build power distribution device plant in Cheongju
South Korea's HD Hyundai Electric Co. announced on Tuesday that it will invest 117.3 billion won ($87.72 million) in building a new medium and low...
Feb 20, 2024 (Gmt+09:00)
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Regulations
State intervention in HSCEI-tied ELS sale debacle could backfire: scholars
South Korea’s economics scholars oppose government-led countermeasures, including compensation packages, to handle mounting retail investor lo...
Feb 19, 2024 (Gmt+09:00)
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Food & Beverage
Cooling demand sparks layoffs at Korean spirits importers
Dwindling demand for foreign beers and whiskeys in South Korea has led some local liquor importers to let go of some staff, spurring concerns about ...
Feb 19, 2024 (Gmt+09:00)
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Bio & Pharma
SK Biopharm targets $311 mn for Cenobamate US sales
South Korea's SK Biopharmaceuticals targeted 416 billion won ($311 million) for its epilepsy treatment Cenobamate in the US market this year. SK Bi...
Feb 16, 2024 (Gmt+09:00)
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Executive reshuffles
Kang Shin-ho returns as CJ CheilJedang CEO to revive sagging sales
South Korea’s CJ Group, which operates the country’s largest food and beverage company CJ CheilJedang Corp. and entertainment giant CJ E...
Feb 16, 2024 (Gmt+09:00)
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Automobiles
Genesis G80, GV70 electric models win Canada Car of the Year awards
Hyundai Motor Co. 's premium brand Genesis announced on Friday that its Electrified G80 and Electrified GV70 earned prizes at the 2024 Canadian Ca...
Feb 16, 2024 (Gmt+09:00)
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Automobiles
S.Korean used cars flow into Russia via Central Asia
Used cars from South Korea are being funneled into Russia via Kazakhstan and Kyrgyzstan, according to automobile industry sources on Friday. These...
Feb 16, 2024 (Gmt+09:00)
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Automobiles
South Korea's car exports to US hit record high in 2023
South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion’s share of South ...
Feb 16, 2024 (Gmt+09:00)
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Automobiles
BMW joins other foreign brands’ moves to use domestic car GPS in Korea
German luxury carmaker BMW Group is installing domestic GPS navigation systems in models sold in South Korea, joining other imported car brands&rsqu...
Feb 14, 2024 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang overseas food sales surpasses domestic market
South Korea's CJ CheilJedang Corp. announced on Tuesday that its overseas food sales surpassed the domestic market in the fourth quarter performan...
Feb 14, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor to exceed 100 mn cumulative sales in 2024
Hyundai Motor Co. 's cumulative vehicle sales are expected to surpass 100 million units this year since it started 56 years after the launch of car ...
Feb 13, 2024 (Gmt+09:00)
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Tech, Media & Telecom
SK Telecom to enter Australian pet clinics market in H1
South Korea’s SK Telecom Co. announced on Tuesday that it has signed a commercial contract with ATX Medical Solutions, Australia's largest m...
Feb 13, 2024 (Gmt+09:00)