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Hyundai Motor and Kia Reach Global Milestone with 5 Million Eco-Friendly Car Sales

Hyundai Motor and Kia Reach Global Milestone with 5 Million Eco-Friendly Car Sales

SEOUL, March 17 (Korea Bizwire) – Hyundai Motor Co. and Kia Corp., South Korea’s biggest carmakers, have sold more than an accumulated 5 million eco-friendly vehicles in the global market over the past 15 years, company officials said Sunday. The two companies sold a total of 5.11 million units of eco-friendly cars, including hybrid electric [...]

Samsung Electronics Sets Record with Over 200 Million Won Average Pay for Board Members

Samsung Electronics Sets Record with Over 200 Million Won Average Pay for Board Members

SEOUL, Feb. 28 (Korea Bizwire) – For the first time, the average annual salary of an external director at Samsung Electronics has surpassed the 200 million won mark, setting a new precedent in the compensation for board members within the company. According to a report by CEO Score, a corporate data research firm, as of [...]

Hyundai Motor’s January Sales Rise by 1.8% Driven by Strong Overseas Demand

Hyundai Motor’s January Sales Rise by 1.8% Driven by Strong Overseas Demand

SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday its January sales rose 1.8 percent from a year earlier helped by strong overseas demand. Hyundai Motor sold 315,555 vehicles in January, up from 310,123 units a year earlier, the company said in a statement. Overseas sales rose 2.8 percent [...]

Jin Air Achieves Record Profits in 2023 Amidst Strong Demand for Budget Travel

Jin Air Achieves Record Profits in 2023 Amidst Strong Demand for Budget Travel

SEOUL, Jan. 17 (Korea Bizwire) – South Korean budget airline Jin Air Co. said Wednesday it posted record earnings in 2023 on strong demand, shaking off the fallout of the coronavirus outbreak. Net income came to an all-time high of 135.8 billion won (US$101 million) on a separate basis last year, the first black ink [...]

Samsung Flags 35 Pct Slip in Q4 Profit, Misses Forecast

Samsung Flags 35 Pct Slip in Q4 Profit, Misses Forecast

SEOUL, Jan. 9 (Korea Bizwire) – Samsung Electronics Co. on Tuesday predicted that its operating profit for the fourth quarter of last year would tumble 35 percent on year, hurt by persistently weak demand for its mainstay semiconductor division. Samsung, the world’s biggest maker of memory chips and smartphones, estimated its fourth-quarter operating profit at [...]

LG Electronics Reports Soaring Q4 Operating Profit Driven by Home Appliances and Vehicle Component Solutions

LG Electronics Reports Soaring Q4 Operating Profit Driven by Home Appliances and Vehicle Component Solutions

SEOUL, Jan. 8 (Korea Bizwire) – LG Electronics Inc., South Korea’s leading home appliance maker, said Monday its operating profit likely more than quadrupled in the fourth quarter from a year earlier, helped by robust sales of home appliances and vehicle component solutions. Operating profit for the three months ended in December soared to an [...]

Hyundai and Kia Experience 8.7% Sales Growth in the UK from January to October

Hyundai and Kia Experience 8.7% Sales Growth in the UK from January to October

SEOUL, Nov. 20 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Corp. said Monday their combined vehicle sales in Britain rose 8.7 percent in the January-October period from a year earlier on increased sales of environmentally friendly models. In the first 10 months, Hyundai and Kia sold a total of 173,428 vehicles [...]

Hyundai Motor Anticipated to Lead in Profit Generation Among Listed Firms in 2023

Hyundai Motor Anticipated to Lead in Profit Generation Among Listed Firms in 2023

SEOUL, Nov. 16 (Korea Bizwire) –Hyundai Motor Co., South Korea’s top automaker, is expected to post the biggest operating profit among local listed firms in 2023, outstripping perennial leader Samsung Electronics Co., a corporate tracker said Thursday. Samsung Electronics has remained atop the operating income list since 2009, but its operating income is forecast to [...]