BRAND

• 

  BRAND

  Home transactions plunge 42.5 pct in Nov. on lending curbs

  SEOUL, Jan. 4 (Yonhap) -- Home transactions in South Korea tumbled nearly 43 percent on-year in November amid lending curbs and rising interest rates, government data showed Tuesday. The number of homes changing hands nationwide stood at 67,159 in No
• 

  BRAND

  Finance minister opens possibility of reviewing another extra budget

  SEOUL, Jan. 3 (Yonhap) -- Finance Minister Hong Nam-ki said Monday the government plans to review whether to draw up another extra budget by taking into account virus situations, economic difficulty facing pandemic-hit merchants and tax revenue condi
• 

  BRAND

  Osstem Implant sues employee for allegedly embezzling 188 bln won

  By Kim Han-jooSEOUL, Jan. 3 (Yonhap) -- South Korean dental implant maker Osstem Implant Co. said Monday it has sued one of its employees on charges of embezzling corporate funds nearing equity capital.The employee in charge of managing funds, only i
• 

  BRAND

  Dec. vehicle sales fall 12 pct amid chip shortage

  SEOUL, Jan. 3 (Yonhap) -- South Korean automakers' sales fell 12 percent last month from a year earlier as a prolonged chip shortage disrupted vehicle production and sales, industry data showed Monday.The country's five carmakers -- Hyundai M
• SD Biosensor exports US$117 mln worth of COVID-19 test kits to Canadian firm

  BRAND

  SEOUL, Jan. 3 (Yonhap) -- SD Biosensor Inc., a local developer of COVID-19 test kits, said Monday it has signed a contract with a Canadian company to supply rapid COVID-19 nasal test kits in a deal valued at US$117 million. The South Korean company m
• 

  BRAND

  GM Korea's Dec. sales dip 71 pct on chip shortages

  SEOUL, Jan. 3 (Yonhap) -- GM Korea Co. said Monday its sales tumbled 71 percent last month from a year earlier as chip shortages continued to disrupt its production. The South Korean unit of General Motors Co. sold 13,531 vehicles in December, sharpl
• 

  BRAND

  Renault Samsung's Dec. sales jump 42 pct on exports

  SEOUL, Jan. 3 (Yonhap) -- Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Monday its vehicle sales jumped 41 percent last month from a year earlier on robust exports. Renault Samsung sold 12,718 vehicles in December, up from
• (LEAD) Hyundai, Kia aim to sell 7.47 mln vehicles in 2022

  BRAND

  (ATTN: REWRITES throughout)SEOUL, Jan. 3 (Yonhap) -- Hyundai Motor Co. and its smaller affiliate Kia Corp. said Monday they are aiming to sell a combined 7.47 million vehicles this year amid the prolonged COVID-19 pandemic and chip shortages.The sale
• 

  BRAND

  Finance minister sees urgent need to stabilize inflation, housing market

  SEOUL, Jan. 3 (Yonhap) -- Finance Minister Hong Nam-ki said Monday the government needs to mobilize all available policy means to tame inflationary pressure and stabilize the housing market in the new year.Hong also said the country will prioritize s
• Kia's Dec. sales fall 4 pct on chip shortage

  BRAND

  SEOUL, Jan. 3 (Yonhap) -- Kia Corp., South Korea's second-largest automaker, said Monday its sales fell 4 percent last month from a year earlier as the global chip shortage continued to affect its production. Kia sold 208,965 vehicles in December
• 

  BRAND

  Hyundai's Dec. sales fall 11 pct amid chip shortage

  SEOUL, Jan. 3 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Monday its sales fell 11 percent last month from a year earlier amid global chip shortages.Hyundai Motor sold 334,242 vehicles in December, down from 375,193 units
• Hyundai aims to sell 4.32 mln vehicles in 2022

  BRAND

  SEOUL, Jan. 3 (Yonhap) -- Hyundai Motor Co., South Korea's biggest carmaker, said Monday it is targeting to sell 4.32 million vehicles this year amid the prolonged COVID-19 pandemic and chip shortages. Last month, Hyundai Motor revised down its 2
• 

  BRAND

  SsangYong's Dec. sales fall 17 pct amid chip shortage

  SEOUL, Jan. 3 (Yonhap) -- SsangYong Motor Co. said Monday its sales fell 17 percent last month from a year earlier as a prolonged chip shortage continued to affect its vehicle production. SsangYong Motor sold 8,755 vehicles in December, down from 10,
• 

  BRAND

  Regulator warns of stern actions against online platforms' unfair biz activities

  SEOUL, Jan. 3 (Yonhap) -- South Korea's antitrust regulator plans to take stern actions against unfair business activities by online platform operators in a bid to protect small merchants and consumers, its chief said Monday.Concerns have mounted
• 

  BRAND

  Budget carriers reschedule int'l flights due to omicron variant

  SEOUL, Jan. 3 (Yonhap) -- South Korea's low-cost carriers said Monday they have delayed or reduced their flights on international routes due to the spread of the omicron variant.Air Seoul Inc., a budget carrier unit of Asiana Airlines Inc., has d
• 

  BRAND

  Samsung to show new TVs with better picture quality, smarter features at CES 2022

  By Woo Jae-yeonSEOUL, Jan. 3 (Yonhap) -- Samsung Electronics Co. said Monday it will unveil its 2022 TV lineup at the Consumer Electronics Show (CES) in Las Vegas this week, including Micro LED and Neo QLED TVs in various sizes and with advanced feat
• 

  BRAND

  Indonesia's coal exports ban to have limited impact on S. Korea: industry ministry

  SEOUL, Jan. 3 (Yonhap) -- Indonesia's recent ban on coal exports is expected to have a limited impact on South Korea, the industry ministry said Monday, but the Seoul government set up a task force to closely manage the situation as a precaution.
• Korea Shipbuilding targets 44.9 tln won in 2022 sales

  BRAND

  SEOUL, Jan. 3 (Yonhap) -- Korea Shipbuilding & Offshore Engineering Co. (KSOE) said Monday it is targeting 44.9 trillion won (US$37.7 billion) in sales this year on improving demand for ships amid the prolonged pandemic.KSOE is the world's bigges
• 

  BRAND

  S. Korea's IPO market to have bumper year in 2022 with mega deals: analysts

  SEOUL, Jan. 2 (Yonhap) -- South Korea's initial public offering (IPO) market is expected to have another bumper year in 2022 as a slew of companies, including battery maker LG Energy Solution, are planning for stock market debuts, analysts said S
• 

  BRAND

  SK hynix gets A rating in latest MSCI ESG evaluation

  By Woo Jae-yeonSEOUL, Jan. 2 (Yonhap) -- South Korean chipmaker SK hynix Inc. said Sunday it has moved up a notch to receive an A in the MSCI ESG Ratings assessment.MSCI, or Morgan Stanley Capital International, is an American rating agency that meas