SEOUL, Oct. 27 (Korea Bizwire) – The market capitalization gap between Samsung Electronics Co. and SK hynix Inc. marked the lowest level in 13 years as of Friday, the main stock exchange said Sunday. Samsung Electronics’ market capitalization accounted for 15.85 percent, or 333.7 trillion won (US$240 billion), of the overall value of stocks listed [...]
SEOUL, Oct. 25 (Korea Bizwire) – In a sign of mounting challenges for the world’s largest coffee chain, Starbucks has withdrawn its fiscal 2025 outlook amid declining sales and profitability concerns that span from its U.S. home market to South Korea. The coffee giant reported disappointing preliminary fourth-quarter results on October 22, with global revenue falling [...]
SEOUL, July 1 (Korea Bizwire) –Renault Korea Motors Co., the South Korean arm of Renault S.A., reported a notable 23.4% increase in its June sales, driven by a significant rise in exports. The company announced on Monday that it sold 9,002 vehicles last month, a considerable jump from the 7,297 units sold in the same [...]
SEOUL, May 30 (Korea Bizwire) – South Korea’s automakers led all industries in cash dividends paid to shareholders last year, reflecting a boom in exports and demand for eco-friendly vehicles even as a global chip slump weighed on technology giants. Listed companies distributed a total of 29.5 trillion won in cash dividends for 2023, up 3.3% [...]
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 [...]
SEOUL, March 4 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Monday its vehicle sales rose nearly 17 percent in February from a year earlier thanks to strong demand from both home and abroad. GM Korea sold 30,630 vehicles last month, up 16.9 percent from 26,191 units from [...]
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 [...]
SEOUL, Feb. 1 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Thursday its vehicle sales more than doubled in January from a year earlier thanks to strong demand from both home and abroad. GM Korea sold 43,194 vehicles in January, up 165.8 percent from a year ago on [...]
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 [...]
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 [...]