SEOUL, May 30 (Korea Bizwire) — Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it aims to sell 93,000 all-electric vehicles (EVs) in Europe in 2023 by launching the flagship EV9 SUV later this year. The EV target figure accounts for 16 percent of Kia’s sales target of 578,000 vehicles in Europe this year, the [...]
SEOUL, April 28 (Korea Bizwire) — Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering Co. said Friday it will expand its research and development (R&D) spending in Europe to secure future shipbuilding and maritime technologies. To that end, HD Korea Shipbuilding will spend 15 million euros (US$16.5 million) on its European research institute [...]
SEOUL, Jan. 18 (Korea Bizwire) — Hyundai Motor Co. and its smaller affiliate Kia Corp. said Wednesday their combined sales in Europe rose 4.2 percent in 2022 from a year earlier amid a global chip shortage and the COVID-19 pandemic. Hyundai and Kia sold a combined 1,060,989 vehicles in Europe last year, up from 1,018,636 [...]
SEOUL, Jan. 2 (Korea Bizwire) — “The Bird That Drinks Tears,” a fantasy novel series by Lee Yeong-do, has set a new record for foreign exports of Korean books, its publisher said Monday. The four-part series has recently been sold to a European publisher at about 300 million won (US$235,997) in advance royalty payment for [...]
SEOUL, Dec. 12 (Korea Bizwire) — Hyundai Motor Co. and its affiliate Kia Corp. have broken the 200,000 mark in cumulative electric vehicle (EV) sales in the European Union, industry data showed Sunday. According to the European Automobile Manufacturers’ Association (ACEA), Kia had sold 200,984 EVs in the European market as of late October 2022. [...]
SEOUL, July 5 (Korea Bizwire) — South Korean food maker CJ CheilJedang Corp. said Tuesday it will expand into the European market with a sales target of 500 billion won ($US384 million) by 2027. The announcement came two months after the South Korean food maker opened an office in London to begin full-scale efforts to [...]
SEOUL, July 4 (Korea Bizwire) — SK E&S Co., a South Korean natural gas provider, is planning to open an office in London to push for an expansion in Europe, the world’s largest economic bloc, where the energy market is being reshaped amid the ongoing Russia-Ukraine conflict, the company’s head said Monday. “In the past, [...]
SEOUL, April 28 (Korea Bizwire) — South Korea plans to send part of its liquefied natural gas (LNG) supplies to Europe to help ease an energy crisis over Russia’s invasion of Ukraine, officials said Thursday. Concerns have grown over natural gas supply disruptions in Europe amid the ongoing crisis surrounding Ukraine, as Russia is the [...]
SEOUL, April 12 (Korea Bizwire) — Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Tuesday that the shipyard has opened its European research and development (R&D) center in Germany. The R&D center, located in Dusseldorf, will focus on stepping up cooperation with global counterparts in an effort to secure eco-friendly technologies, said KSOE, a subholding [...]
SEOUL, April 5 (Korea Bizwire) — Electric vehicles (EVs) now account for more than 20 percent of Hyundai Motor Co.’s sales in the European market. The carmaker said it sold a total of 57,842 units in Europe in the first two months of this year, of which EVs accounted for 11,532 units. The share of [...]