SEOUL, July 6 (Korea Bizwire) — Hyundai Motor Co. said Tuesday its independent brand Genesis’ domestic vehicle sales jumped 33 percent in the first half compared to a year earlier amid tougher competition with imported brands and the COVID-19 pandemic. Hyundai sold 72,710 Genesis vehicles from January to June, up from 48,886 units a year [...]
SEOUL, July 4 (Korea Bizwire) — Hyundai Motor Group’s eco-friendly vehicle sales in South Korea jumped nearly 40 percent in the first half of this year compared with a year earlier on strong demand for hybrid models and new electric vehicles, its sales data showed Sunday. The combined domestic sales of eco-friendly models by the [...]
SEOUL, July 2 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. said Friday their combined sales jumped 44 percent in the United States last month from a year earlier on strong demand for their SUVs. Hyundai and Kia sold 140,951 vehicles in the U.S. in June, up from 98,005 units in the [...]
SEOUL, June 3 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp., South Korea’s two biggest carmakers, said Thursday their combined U.S. sales jumped 65 percent last month, marking record monthly sales for a third straight month on strong sales of their SUV models. Hyundai and Kia sold a total of 170,315 vehicles in [...]
SEOUL, June 1 (Korea Bizwire) — South Korean carmakers’ sales rose 41 percent last month from a year earlier on strong overseas demand amid a quicker-than-expected recovery from the COVID-19 pandemic and a lower base effect, industry data showed Tuesday. The country’s five carmakers — Hyundai Motor Co., Kia Corp., GM Korea Co., Renault Samsung [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s low-cost carriers suffered an extended loss in the first quarter as the coronavirus continued to weigh on travel demand, data showed Tuesday, raising concerns over their ability to stay afloat even after the pandemic. Budget carriers have grounded most of their flights on international routes since early [...]
SEOUL, May 17 (Korea Bizwire) — Asiana Airlines Inc., South Korea’s second-biggest airline, said Monday its net losses narrowed in the first quarter from a year earlier as increased cargo sales helped offset a slump in passenger travel. Net losses stood at 230.4 billion won (US$202.9 million) in the January-March period, compared with a loss [...]
SEOUL, May 14 (Korea Bizwire) — Korean Air Lines Co., South Korea’s largest carrier, said Friday its first-quarter net losses narrowed from a year earlier as its increased cargo deliveries offset the pandemic-caused slump in passenger travel. Net losses narrowed to 56.08 billion won (US$49.7 million) in the first quarter that ended on March 31 [...]
SEOUL, May 13 (Korea Bizwire) — Starbucks Korea on Thursday reported a 78 percent on-year jump in its first-quarter net profit, citing strong demand amid the coronavirus pandemic. The company’s net profit reached 33.6 billion won (US$29.7 million) in the January-March period, up 77.8 percent from a year earlier, according to quarterly earnings reports released [...]
SEOUL, May 13 (Korea Bizwire) — E-Mart Inc., South Korea’s largest discount store chain by sales, on Thursday said its net profit more than doubled in the first quarter from a year earlier, largely helped by a rebound in offline sales. The retail giant’s net profit for the January-March period came to 102.1 billion won [...]