BRAND

• 

  BRAND

  Kia's Dec. sales rise 14 pct despite chip shortage

  SEOUL, Jan. 3 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Tuesday its sales rose 14 percent last month from a year earlier despite an extended chip shortage. Kia sold a total of 236,874 vehicles in December, up from 208,26
• 

  BRAND

  GM Korea's Dec. sales jump 76 pct on strong exports

  SEOUL, Jan. 3 (Yonhap) -- GM Korea Co., the South Korean unit of General Motors Co., said Tuesday its sales jumped 76 percent last month from a year earlier on strong exports.GM Korea sold 23,752 vehicles in December, up from 13,531 units a year ago
• 

  BRAND

  Hyundai's Dec. sales rise 4 pct despite chip shortage

  SEOUL, Jan. 3 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Tuesday its sales rose 4 percent last month from a year earlier despite an extended chip shortage.Hyundai sold a total of 347,340 vehicles in December, up from 333,
• 

  BRAND

  Renault Korea's Dec. sales fall 24 pct on weak demand

  SEOUL, Jan. 3 (Yonhap) -- Renault Korea Motors, the South Korean unit of Renault S.A., said Tuesday its sales fell 24 percent last month from a year earlier on weak domestic demand.Renault Korea sold a total of 9,677 vehicles in December, down from 1
• 

  BRAND

  SsangYong's Dec. sales up 3.9 pct on strong exports

  SEOUL, Jan. 3 (Yonhap) -- SsangYong Motor Co. said Tuesday its sales rose 3.9 percent last month from a year earlier, helped by robust overseas demand for its SUV models.SsangYong Motor sold 9,094 vehicles in December, up from 8,755 units a year earl
• (URGENT) Hyundai Motor targets to sell 4.32 mln vehicles in 2023

  BRAND

  (END)
• 

  BRAND

  Bithumb's de facto owner acquitted of fraud

  By Kim Han-jooSEOUL, Jan. 3 (Yonhap) -- The de facto owner of the operator of South Korea's largest cryptocurrency exchange Bithumb was acquitted Tuesday on charges of defrauding a businessman.The Seoul Central District Court delivered a not guil
• 

  BRAND

  Manufacturers eye 1.16 pct economic growth for 2023: poll

  SEOUL, Jan. 3 (Yonhap) -- South Korean manufacturing firms expect the country's economy to grow in the low 1 percent range this year amid sluggish domestic demand and exports, a poll showed Tuesday.The survey of 2,254 manufacturers, taken by the
• BOK chief promises close cooperation with gov't to engineer economic soft landing

  BRAND

  SEOUL, Jan. 3 (Yonhap) -- The Bank of Korea (BOK) will closely cooperate with the government to engineer a "soft landing" of the country's economy confronting high uncertainty at home and abroad, the head of the central bank said Tues
• 

  BRAND

  S. Korea to funnel 559.4 bln won to foster bio tech industry

  SEOUL, Jan. 3 (Yonhap) -- South Korea will funnel 559.4 billion won (US$438.4 million) into research and development of core bio technology in 2023 in line with the country's long-term strategy to lead the up-to-date digital-biotech sector in the
• Online shopping up 7.3 pct in Nov. on higher travel demand

  BRAND

  SEOUL, Jan. 3 (Yonhap) -- Online shopping in South Korea increased 7.3 percent on-year in November on the back of higher demand for travel and transportation services, data showed Tuesday. The value of online shopping transactions came to 18.12 trill
• 

  BRAND

  Regulator fines Tesla 2.85 bln won for misleading advertisements

  By Kang Yoon-seungSEOUL, Jan. 3 (Yonhap) -- South Korea's antitrust regulator said Tuesday it has decided to impose a penalty of 2.85 billion won (US$2.24 million) on U.S. electric carmaker Tesla Inc. and its South Korean unit for misleading adve
• 

  BRAND

  (LEAD) S. Korea to expand tax incentives for chip industry

  (ATTN: UPDATES with details throughout; ADDS photo)By Kang Yoon-seungSEOUL, Jan. 3 (Yonhap) -- South Korea will seek to expand tax incentives on strategic industries such as chips amid the heightening competition in the global market, the finance min
• S. Korea to expand tax incentives for chip industry

  BRAND

  By Kang Yoon-seungSEOUL, Jan. 3 (Yonhap) -- South Korea will seek to expand tax incentives on strategic industries such as chips amid the heightening competition in the global market, the finance ministry said Tuesday.Under the proposed tax code revi
• 

  BRAND

  FDI pledges to S. Korea hit all-time high in 2022: data

  SEOUL, Jan. 3 (Yonhap) -- Foreign direct investment (FDI) pledges to South Korea hit an all-time high last year, surpassing US$30 billion for the first time, data showed Tuesday.Foreigners pledged to invest $30.45 billion here last year, up 3.2 perce
• 

  BRAND

  Stock value of 33 conglomerate heads dips 29 pct in 2022 on bear market

  SEOUL, Jan. 3 (Yonhap) -- The value of shares held by South Korea's 33 major business group chiefs tumbled nearly 30 percent in 2022 amid a bearish stock market, a corporate tracker said Tuesday.The business tycoons held stocks worth a combined 4
• 

  BRAND

  Hyundai Motor to accelerate EV push for growth

  SEOUL, Jan. 3 (Yonhap) -- South Korea's Hyundai Motor Group said Tuesday it will accelerate a wider transition to electric vehicles (EV) this year as it aims to morph into a future mobility solutions provider. In his meeting for the new year with
• 

  BRAND

  S. Korea's power use hits new high in Dec. on cold wave

  SEOUL, Jan. 3 (Yonhap) -- South Korea's electricity consumption touched a record monthly high in December as the country was gripped by a nationwide cold wave and heavy snow, the power operator said Tuesday.The country's average maximum power
• Rainbow Robotics to raise 59 bln won via stock offering

  BRAND

  SEOUL, Jan. 3 (Yonhap) -- Rainbow Roboticson Tuesday announced that it will sell stock to raise 59 billion won The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company will issue som
• Seongan to raise 1 bln won via stock offering

  BRAND

  SEOUL, Jan. 2 (Yonhap) -- Seongan Co.on Monday announced that it will sell stock to raise 1 billion won (US$785,792). The proceeds from the stock sale will be used mainly to finance its operations.According to a regulatory filing, the company will is