Hyundai, Kia 2017 Net Plunge on Strong Won, China Woes

SEOUL, Jan. 26 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Motors Corp. on Thursday posted sharp declines in 2017 net profit as a strong won and lower demand in China cut into their bottom lines. The won rose 2.6 percent to an average of 1,130.84 against the dollar last year from 1,160.50 [...]