SEOUL, June 26 (Korea Bizwire) – As the Middle East Respiratory Syndrome (MERS) virus and drought devastate the local economy, Korean companies and local government bodies are implementing various measures to boost the economy. On June 25, Hyundai Motor, the largest automaker in Korea, decided to offer a grace period of three months to those who [...]
SEOUL, June 24 (Korea Bizwire) — Hyundai Motor‘s Accent subcompact was the best-selling export model among cars produced and shipped overseas in 2014, industry data showed Wednesday. According to the data by the Korea Automobile Manufacturers Association, South Korea’s top automaker exported a total of 260,386 units of the Accent last year. The figure was the [...]
SEOUL, June 23 (Korea Bizwire) – Among the top 10 richest cities in 2025 in terms of GDP per capita, Hwaseong (4th), Asan (5th) and Yeosu (9th) in Korean were included in a report from McKinsey & Company. Recently, CNN Money posted a story titled “These cities will be very rich in 10 years”, quoting the study conducted by [...]
SEOUL, June 18 (Korea Bizwire) — Kia Motors, South Korea’s second-largest carmaker, said Thursday it has been named the best among non-premium brands in a U.S. quality test this year. The automaker received the lowest tally of 86 points in the Initial Quality Study by J.D. Power and Associates, improving by 20 points from a [...]
SEOUL, June 16 (Korea Bizwire) — Kia Motors, South Korea’s second-largest carmaker, said Tuesday that its cumulative exports will likely exceed 15 million units soon, a feat that comes four decades after it started to sell its cars in global markets. Kia Motors said in a press release that its cumulative exports stood at around [...]
SEJONG, June 9 (Korea Bizwire) — Job creation by South Korean listed companies has plunged over the past four years as weak demand force them to scale back investment and hiring, data showed Tuesday. According to the data by Statistics Korea and market research FnGuide, listed companies offered some six jobs for every 100 positions [...]
SEOUL, June 9 (Korea Bizwire) — Hyundai Motor, South Korea’s top automaker, plans to begin selling the all-new Tucson SUV in the North American market starting in July, a company official said Tuesday. The latest version of the Tucson compact SUV was launched in March here, appealing to customers with improved designs, more space, and better [...]
SEOUL, June 8 (Korea Bizwire) – South Korean companies are rushing to step up their emergency response efforts to better protect their employees from Middle East Respiratory Syndrome (MERS), which is showing signs of a wide spread in South Korea. South Korea remains gripped by the potentially deadly disease that has claimed six lives so far [...]
SEOUL, June 3 (Korea Bizwire) – Hyundai Motor, a bellwether for Korea’s economy along with Samsung Electronics, saw its stock price collapse more than 10 percent to its lowest level in 57 months on June 2. Shares of the company, the fifth largest automaker in the world, tumbled 10.36 percent to 138,500 won (US$125.3), their [...]
SEOUL, May 28 (Korea Bizwire) – Affected by the low yen, Hyundai Motor, the largest automaker in Korea, lost its No. 2 position in the KOSPI market in terms of market capitalization to SK Hynix. On May 27, shares of the top automaker fell 1.88 percent to 157,000 won from a day earlier, shrinking its market [...]