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Hyundai Motor's sales move up 4.4 pct in July

Hyundai Motor Co., South Korea's No.1 automaker, said Friday its July sales moved up a solid 4.4 percent from a year earlier, helped by strong overseas demand and the popularity of its new models.Company data showed 379,820 cars being sold overall last month, with domestic sales edging up ...

Updated : 2014.08.01 15:33

Hyundai Motor CEO appeals to union on wage negotiations

The CEO of Hyundai Motor Co. on Friday appealed to union workers to think about the fallout from a strike, reiterating that they should wait for the courts to determine what constitutes standard wages, an issue that is plaguing major conglomerates in labor talks this year.In a statement re...

Updated : 2014.08.01 14:38

S. Korea's exports grow 5.7 pct in July

South Korea's exports grew from a year ago last month with imports also rising at a similar pace, the government said Friday.Outbound shipments amounted to US$48.42 billion in July, up 5.7 percent from the same month last year, according to the Ministry of Trade, Industry and Energy.Import...

Updated : 2014.08.01 09:59

[Graphic News] Samsung Electronics’ net profit falls 19.5%

Samsung Electronics Co., the world’s top maker of smartphones, said Thursday its second-quarter net profit fell 19.5 percent from a year earlier after its mainstay handset business suffered a decline...

Updated : 2014.07.31 21:16

Design Korea fair to attract international designers, buyers

Design Korea, the nation’s largest industrial design fair to date, is expected to attract a flood of international industrial designers and buyers this year as it offers a glimpse into the development and latest trends in design. “As Asia’s most representative and comprehensive design b...

Updated : 2014.07.31 21:04

Samsung Electronics logs W6.25tr in Q2 net profit

Samsung Electronics Co., the world’s top maker of smartphones, said Thursday its second-quarter net profit fell 19.5 percent from a year earlier as its mainstay handset business suffered from rising competition in the global market.Net income came to 6.25 trillion won ($6.1 billion) in th...

Updated : 2014.07.31 21:04

Volkswagen’s Golf receives highest mark in safety test

Volkswagen’s Golf compact passenger car has received the highest score in the latest safety test, which involved four other cars, the transportation ministry said Thursday.In the test, which checked the safety of vehicles in four categories, including the danger to pedestrians in the even...

Updated : 2014.07.31 21:03

Korea’s energy imports decline in second quarter

South Korea’s imports of energy declined slightly in the second quarter of 2014 from a year earlier, customs data showed Thursday.According to the data by the Korea Customs Service, South Korea imported $34.35 billion worth of energy during the April-June period, down 1.7 percent from the...

Updated : 2014.07.31 21:03

Samsung rolls out industry’s first bendable UHD TV

South Korea’s tech giant Samsung Electronics Co. said Thursday it would start sales of the industry’s first bendable ultra HD TV this week.The 78-inch UHD TV, to be available for preorders in Seoul from Friday, has adopted “UHD Dimming” technology, as well as a “Black Crystal Panel,”...

Updated : 2014.07.31 21:03

Hanwha supplies Chinese schools with solar power

Hanwha Group, the nation’s ninth-largest business conglomerate by assets, is stepping up its corporate social responsibility in China. Its latest plan to install a 30-kilowatt solar power generation ...

Updated : 2014.07.31 21:03

Samsung C&T leads in construction capability

Samsung C&T, the construction and trading arm of Samsung Group, came out on top in a construction capacity evaluation, the Ministry of Land, Infrastructure and Transport said Wednesday. “The result is largely attributed to the company’s performance overseas such as its mining project in ...

Updated : 2014.07.31 21:03

Naver profit rises 38% on robust overseas sales

Naver, South Korea’s largest search engine, on Thursday said its operating profits rose 38 percent in the second quarter, driven by its strong overseas performance. The company posted 191.1 billion won ($186 million) in business profits to record a 38 percent rise from the 189.1 billion w...

Updated : 2014.07.31 21:03

Seoul shares retreat on weak corporate earnings

South Korean stocks ended lower on Thursday, snapping its four-session winning streak as investor sentiment was battered by sluggish second-quarter corporate earnings by tech companies, analysts said. The South Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Pri...

Updated : 2014.07.31 21:03

Investors to get partial compensation for Tongyang losses

The financial watchdog said Thursday that investors can get up to 50 percent compensation for their losses incurred by misleading information given by a brokerage arm of a cash-strapped conglomerate.The compensation rates were set at 15-50 percent, with an estimated 62.5 billion won ($60.9...

Updated : 2014.07.31 21:03

IBK flourishes on new growth plans

The new corporate paradigm of focusing on qualitative over quantitative growth seems to have fueled the latest success of the state-run Industrial Bank of Korea.“This year, IBK has been all about imp...

Updated : 2014.07.31 21:03