SEOUL, Sept. 29 (Korea Bizwire) – Major South Korean refiners are expected to post a turnaround in their third quarter earnings, recovering from losses and dismal profits in the previous quarter, on the back of stronger margins amid rising oil prices, according to analysts Friday. SK Innovation Co., the energy unit under SK Group, is [...]
SEOUL, Sept. 27 (Korea Bizwire) – Samsung SDI Co. will spend US$1.97 billion on its second battery manufacturing facility it is building in the United States jointly with Stellantis N.V., the South Korean battery maker said in a filing Wednesday. The disclosure came about two months after their U.S. venture, StarPlus Energy, announced a plan [...]
SEOUL, Sept. 26 (Korea Bizwire) – Hyundai was named the brand that Indian dealers are most satisfied with. On Tuesday, Hyundai Motor Company announced that it secured the top spot in the overall automobile brand category in the 2023 Dealer Satisfaction Survey conducted by the Federation of Automobile Dealers of India (FADA). They surveyed 1,821 [...]
SEOUL, Sept. 24 (Korea Bizwire) – Kia Corp.’s EV6 GT topped this year’s evaluation of electric vehicle models by a leading German automotive magazine, Auto Motor Und Sport, beating Ford Motor Co.’s Mustang Mach-E SUV, Hyundai Motor Group said Sunday. Hyundai Motor Co.’s independent Genesis brand’s GV60 SUV ranked second in the competitive EV evaluation [...]
SEOUL, Sept. 20 (Korea Bizwire) – Samsung C&T Corp. and six other South Korean companies have ranked among the world’s top 100 builders based on their 2022 sales, Deloitte Korea said Wednesday. Samsung C&T, the construction and trading arm of South Korea’s No. 1 conglomerate Samsung Group, placed 15th, down two notches from a year [...]
SEOUL, Sept. 20 (Korea Bizwire) – Greenpeace, a non-governmental environmental organization, said Wednesday it will file a constitutional petition urging the adoption of a system that requires listed companies to disclose information on their response to climate change. The petition, joined by 167 people as petitioners, will be submitted to the Constitutional Court later in [...]
SEOUL, Sept. 20 (Korea Bizwire) – The Samsung Guide Dog School (SGDS) is celebrating its 30th anniversary. It was started by the late Samsung Electronics Chairman Lee Kun-hee, who was a dog lover. Over the past 30 years, SGDS has increased awareness about disabilities and guide dogs and has become an important part of Samsung’s charitable [...]
SEOUL, Sept. 17 (Korea Bizwire) – Hyundai Motor Co. said Sunday the accumulated sales of its Genesis brand models exceeded 1 million units as of August, reaching the milestone in around eight years since the brand’s inception. The South Korean carmaker sold 690,177 units of the models in the domestic market, along with 318,627 units [...]
SEOUL, Sept. 11 (Korea Bizwire) –Hyundai Engineering & Construction Co. (Hyundai E&C) said Monday it has signed a partnership deal with a local energy IT startup via an equity investment in an effort to break into the power brokerage business. Hyundai E&C, South Korea’s No. 2 builder, didn’t disclose the amount of its investment in [...]
SEOUL, Sept. 2 (Korea Bizwire) — Volkswagen’s flagship sports utility vehicle (SUV), the Tiguan, achieved a significant milestone by becoming the first imported SUV to surpass 70,000 units in sales in the Korean market. On September 1st, Volkswagen Korea proudly announced that the Tiguan, initially introduced in Korea in 2008, has reached an impressive cumulative [...]