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Hyundai's Feb. sales rise 7.3 pct despite chip shortage

SEOUL, March 2 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Thursday its sales rose 7.3 percent last month from a year earlier despite an extended chip shortage.Hyundai sold a total of 327,718 vehicles in February, up from
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Ford Korea considers adopting online sales system next year

SEOUL, March 2 (Yonhap) -- Ford Motor Co. is considering selling its vehicles online in South Korea from next year as its rivals increasingly adopt the online sales system to boost sales in Asia's fourth-biggest economy, the chief of its Korean o
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Kia teases EV9 SUV ahead of domestic launch in H1

SEOUL, March 2 (Yonhap) -- Kia Corp. on Thursday released a teaser for the all-electric EV9 ahead of its domestic launch during the first half of this year.Kia, the second-largest automaker here, plans to unveil the design of the EV9 SUV, built on Hy
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KSOE wins US$765 mln order for 3 LNG carriers

SEOUL, March 2 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Thursday it has clinched a US$765 million order to build three liquefied natural gas (LNG) carriers for a North American shipper.KSOE said in a regulatory filing tha
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(News Focus) S. Korea faces growing woes over economic slowdown

By Kwak Young-supSEOUL, March 2 (Yonhap) -- South Korea is faced with escalating jitters over an economic slowdown down the road despite a forecast-beating upturn in its latest industrial output tally, analysts said Thursday.The surprise rise in indu
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(LEAD) Hyundai, Kia U.S. sales rise 16 pct on SUVs in February

(ATTN: UPDATES with Genesis figures throughout)SEOUL, March 2 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States rose 16 percent in February from a year earlier on robust sales of SUVs an
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(News Focus) U.S. Chips Act raises biz uncertainty for Samsung, SK hynix

By Woo Jae-yeonSEOUL, March 2 (Yonhap) -- Washington's Chips Act and its requirements for companies receiving incentives are likely to put South Korean chipmakers' ability to navigate business uncertainties and balance between the United Stat
Korean investments in foreign securities down in 2022 amid global market volatility

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SEOUL, March 2 (Yonhap) -- The value of foreign securities held by South Korean institutions fell in 2022 due to losses from heightened global market volatility, data showed Thursday.The outstanding amount of foreign securities held by institutional
Internet-only K-Bank sees net income nearly quadruple in 2022

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SEOUL, March 2 (Yonhap) -- K-Bank, a South Korean internet-only bank, reported Thursday that its net income in 2022 nearly quadrupled to a record high thanks to a spike in interest income.K-Bank's net income came to 83.6 billion won (US$64 millio
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(LEAD) Export slump to continue without recovery in chip shipment: finance minister

(ATTN: ADDS emergency meeting on exports in last 5 paras, photo)By Kang Yoon-seungSEOUL, March 2 (Yonhap) -- South Korea's export slump will continue unless chip sales rebound, the finance minister said Thursday, amid the protracted downturn in o
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(2nd LD) Industrial output up 0.5 pct in Jan.; retail sales down for 3rd month

(ATTN: UPDATES with more info throughout; ADDS photo)By Kang Yoon-seungSEOUL, March 2 (Yonhap) -- South Korea's industrial output edged up 0.5 percent on-month in January, while retail sales extended losses to a third month, data showed Thursday.
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Export slump to continue without recovery in chip shipment: finance minister

By Kang Yoon-seungSEOUL, March 2 (Yonhap) -- South Korea's export slump will continue unless chip sales rebound, the finance minister said Thursday, amid the protracted downturn in outbound shipments of the mainstay product.The country's expo
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(LEAD) Industrial output up 0.5 pct in Jan.; retail sales down for 3rd month

(ATTN: RECASTS headline; UPDATES with details throughout)By Kang Yoon-seungSEOUL, March 2 (Yonhap) -- South Korea's industrial output edged up 0.5 percent on-month in January, while retail sales extended losses to a third month, data showed Thurs
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Hyundai, Kia U.S. sales rise 16 pct on SUVs in February

SEOUL, March 2 (Yonhap) -- Hyundai Motor Co. and its affiliate Kia Corp. said Thursday their combined sales in the United States rose 16 percent in February from a year earlier on robust sales of SUVs and eco-friendly models.Hyundai and Kia sold 117,
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Industrial output up 0.5 pct in Jan.

SEOUL, March 2 (Yonhap) -- South Korea's industrial output edged up 0.5 percent on-month in January, while retail sales extended losses to a third month, data showed Thursday.The latest rise in the industrial production came after the figure rema
(URGENT) Industrial output up 0.5 pct in Jan.

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Top headlines in major S. Korean newspapers

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SEOUL, March 2 (Yonhap) -- The following are the top in major South Korean newspapers on March 2.Korean-language dailies-- Yoon says Japan has become 'partner' for cooperation from 'aggressor' of the past (Kyunghyang Shinmun)-- Yoon
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(LEAD) S. Korea, China to boost cooperation on trade, investment

(ATTN: REPLACES photo with latest)SEOUL, March 1 (Yonhap) -- Senior trade officials of South Korea and China discussed ways Wednesday to enhance exchanges and cooperation on supply chains, bilateral trade and investment and to create favorable busine
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Britain OKs Korean Air-Asiana Airlines merger

SEOUL, March 1 (Yonhap) -- Britain's antitrust regulator said Wednesday it has approved the integration of South Korea's Korean Air Co. with its smaller local rival Asiana Airlines Inc.Britain's Competition of Markets Authority (CMA) said
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S. Korea, China to boost cooperation on trade, investment

SEOUL, March 1 (Yonhap) -- Senior trade officials of South Korea and China discussed ways Wednesday to enhance exchanges and cooperation on supply chains, bilateral trade and investment and to create favorable business circumstances, Seoul's trad