SEOUL, March 20 (Korea Bizwire) — South Korean leading carmaker Hyundai Motor Co. said Sunday that its independent Genesis brand surpassed 700,000 units in accumulative global sales, thanks to the rising popularity of its brand power. The premium brand’s global sales totaled 700,612 units from its launch in November 2015 to end-February 2022, 30.5 percent [...]
SEOUL, March 17 (Korea Bizwire) — Sales of Hyundai Motor Co. and its affiliate Kia Corp. in Europe surged more than 20 percent on-year last month on the back of the popularity of environment-friendly models, industry data showed Thursday. Hyundai sold 37,032 vehicles in the European market in February, up 25.5 percent from a year [...]
SEOUL, March 3 (Korea Bizwire) — South Korean e-commerce giant Coupang Inc. said Thursday that its annual sales revenue and operating loss shot up to an all-time record last year due to increased costs from expansion and the pandemic. Coupang’s consolidated sales in 2021 jumped 54 percent on-year to US$18.4 billion, the largest volume since [...]
SEOUL, March 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Wednesday their combined sales in the United States rose 6.4 percent in February from a year earlier despite the prolonged pandemic and chip shortages. The corporate duo sold a total of 105,088 vehicles in the world’s most important automobile market [...]
SEOUL, Feb. 21 (Korea Bizwire) – South Korea’s major multiplex operators stayed in the red in the fourth quarter of last year amid the protracted COVID-19 pandemic but are expected to turn a corner in the coming quarters, financial data showed Monday. CJ CGV, the No. 1 multiplex operator under the wing of entertainment giant [...]
SEOUL, Feb. 16 (Korea Bizwire) — Celltrion Inc., a major South Korean biopharmaceutical firm, said Wednesday that its net profit jumped 20.1 percent on-year last year on the back of robust sales of its biosimilar products in overseas markets. Net profit came to 623.7 billion won (US$521.1 million) last year on a consolidated basis, compared [...]
SEOUL, Feb. 15 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest carrier, said Tuesday its net losses deepened in 2021 from a year earlier due to increased foreign exchange losses and the continued impact from the pandemic. Net losses widened to 618.15 billion won (US$516 million) last year from 502.97 billion won a year [...]
SEOUL, Feb. 15 (Korea Bizwire) — Volvo Car Korea Co. on Tuesday launched the Volvo brand’s first pure electric model, the C40 Recharge SUV, as part of the Swedish carmaker’s electrification push. The C40 Recharge is one of seven all-electric models to be released by Volvo Cars by 2030. The Swedish carmaker aims to become [...]
SEOUL, Feb. 14 (Korea Bizwire) — GM Korea Co., the South Korean unit of General Motors Co., said Monday it has added the Traverse High Country sport utility vehicle to its lineup to boost sales amid the extended COVID-19 pandemic. The Traverse SUV’s top trim model is being manufactured in GM’s Lansing Delta Township plant [...]
SEOUL, Feb. 11 (Korea Bizwire) — Kakao Corp., the operator of South Korea’s top mobile messenger KakaoTalk, said Friday that its net profit for 2021 surged nearly tenfold on-year on the back of robust growth of its e-commerce services based on its messenger platform amid the pandemic. Net profit reached 1.64 trillion won (US$1.4 billion) [...]