Hyundai’s UK sales highest in 5 years, driven by IONIQ 5
Just a few years back, vehicles built by Hyundai Motor Co. were dismissed as second-class cars of poor quality in Europe, with some car magazines deriding them as “soulless boxes on wheels.”The top South Korean automaker, however, has come a long way, particularly in the UK, posting its best sales since 2018, driven by eco-friendly vehicles.Hyundai said on Friday its new car registration in the UK reached 46,351 units in the first hal
Jul 14, 2023 (Gmt+09:00)
Just a few years back, vehicles built by Hyundai Motor Co. were dismissed as second-class cars of poor quality in Europe, with some car magazines deriding them as “soulless boxes on wheels.”The top South Korean automaker, however, has come a long way, particularly in the UK, posting its best sales since 2018, driven by eco-friendly vehicles.Hyundai said on Friday its new car registration in the UK reached 46,351 units in the first hal
Jul 14, 2023 (Gmt+09:00)
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Tottenham Hotspur forward Son Heung-min has got a new job in his home country, South Korea: A brand ambassador for Samsung Electronics Co.'s Galaxy smartphone lineup.Son, who was leaving for London after a break in Korea on Friday morning, was spotted wearing a black smart watch
Jul 14, 2023 (Gmt+09:00)
Nexon Co. is poised to change the South Korean game scene with its new adventure PC role-playing game that has grabbed gamers around the world immediately after its rollout late last month with its simple, retro graphics but interesting storytelling about a daytime diver who runs
Jul 14, 2023 (Gmt+09:00)
Texas-based private equity firm TPG Inc. is poised to fully acquire Samhwa Co., a South Korean cosmetic packaging supplier to global beauty powerhouses like L'Oréal S.A., the Estée Lauder Companies Inc. and Chanel, according to banking sources on Friday.TPG has agre
Jul 14, 2023 (Gmt+09:00)
Nongshim Co., South Korea’s largest instant noodle maker, is one of the beneficiaries of the Oscar-winning film Parasite and the COVID-19 outbreak as well.The domestic sales-oriented food maker is now better known as the brand of Chapaguri, a combination of its black soy bean sauce noodle Chapaghetti and the hot spicy noodle Neoguri. The made-up food went verbal as the food of the comic thriller released in 2019.It also emerged as an ideal
Jul 14, 2023 (Gmt+09:00)
Korea Investment & Securities Co. on Friday sold samurai bonds for the first time for a South Korean brokerage company, raising 20 billion yens ($145 million) in the Japanese currency.The debt sale comes after Seoul agreed last month to resume a bilateral currency swap with Tokyo after an eight-year suspension amid the thawing of their relations. Korea Investment said the bonds were sold in five tranches. The one-year maturity issue of 6.3 bi
Jul 14, 2023 (Gmt+09:00)
JEJU -- South Korea’s central bank chief on Friday warned of the growing risk of aging without assets in Asia’s fourth-largest economy as the country has failed in its structural reforms due to a heavy dependence on China, the rigid labor market and resistance from the establishment.Bank of Korea Governor Rhee Chang-yong reaffirmed that
Jul 14, 2023 (Gmt+09:00)
South Korea’s central bank on Thursday kept the door open for another interest rate hike after leaving the policy borrowing cost unchanged for a fourth consecutive meeting, given expectations of further tightening by the US Federal Reserve and the risks of growing household lending.Bank of Korea Governor Rhee Chang-yong told reporters that si
Jul 13, 2023 (Gmt+09:00)
South Korea’s initial public offering market is heating up with some 30 firms set for new share subscriptions in July and August, more than such offerings in the same period of 2020 and 2021 during the most recent IPO market boom. New share subscriptions will see intense competition as a new rule has raised the upper limit of stock prices on
Jul 13, 2023 (Gmt+09:00)
South Korea’s central bank is expected to cut its policy interest rate by one percentage point next year with inflationary pressure easing further to support growth in Asia’s fourth-largest economy, S&P Global Market Intelligence Asia-Pacific Chief Economist Rajiv Biswas said on Wednesday.“With CPI inflation pressures expected
Jul 12, 2023 (Gmt+09:00)
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