The Korea Herald

미분류

LATEST NEWS

Exit Daejeon announces W14.2b startup funding agreement
[Herald Review] ‘A Boy and Sungreen,’ a pleasant and loveable coming-of-a...
S. Korea holds memorial service for ex-President Roh
US closely watching for N. Korea’s possible financial sanction violations
[News Focus] Korea’s farming population decreases 42% since 2000
[Editorial] Conditions for reform
[David Ignatius] Trump confronts China's tech threat
Naver chooses 4 Asian countries as outposts for V Live service expansion
[Photo news] Paving the way to Myanmar
‘Competition laws should be more flexible in digital era’

Mar 27, 2019 미분류

Hyundai’s new entry SUV to be called Venue

Hyundai Motor said on March 27 that its all new entry-level sport utility vehicle, to be unveiled at the New York auto show, will be called the Venue. 　South Korea’s largest carmaker said the small crossover, which sits below the subcompact Kona, targets younger people in their 20s and 30s. The vehicle will reach the global market this year.　The company didn’t provide further details, such as the dimensions, powertrain and price of its new car. 　In recent years, the Korean carmaker has strength

Hyundai Mobis’ Q3 net profit up 14%

[THE INVESTOR] Hyundai Mobis’ net profit rose 14.3 percent on-year in the third quarter backed by growing sales at home and abroad. In the July-September period, net profit came to 705.8 billion won (US$616.58 million) on a consolidated basis, compared with a net profit of 617.6 billion won from the same period last year, the company said in a regulatory filing.Sales gained 3.5 percent on-year to some 8.78 trillion won with operating profit gaining 7.7 percent to 721.7 billion won.“Despite a dip

Oct 29, 2016
미분류
Hyundai, Kia see revenue rise despite drop in demand

[THE INVESTOR] Hyundai Motor and its affiliate Kia Motors saw their revenue increase backed by a rise in sales of luxury cars, although the number of cars sold in the first nine months decreased, the company said on Oct. 28. In the January-September period, Hyundai Motor sold 3,477,911 cars globally, down 1.7 percent from 3,537,573 vehicles sold in the same period last year.However, the carmaker’s revenue gained 2.9 percent on-year to 69.11 trillion won (US$60.52 billion) over the cited period,

Oct 29, 2016
미분류
Hyundai, BMW to recall 45,000 cars

[THE INVESTOR] Hyundai Motor is to recall about 24,000 vehicles sold in South Korea for sunroof-related defects while BMW will recall more than 21,000 cars for the fuel injector and air bag problems, the Transportation Ministry said on Oct. 28. 　Hyundai Motor is recalling certain model years of the LF Sonata sedan. In some vehicles the panorama sunroof could detach due to a loose wind reflector, possibly causing accidents.The recall affects 23,980 Sonata LF and Sonata LF Hybrid cars produced bet

Oct 29, 2016
미분류
Hyundai, Kia to pay US$41m to settle US probe

[THE INVESTOR] Hyundai Motor and Kia Motors have agreed to pay $41.2 million to settle investigations over inflated fuel economy ratings in US states.　 “We have faithfully taken all the follow-up measures related to the fuel economy ratings,” Hyundai said on Friday. 　In return for the settlement, the group representing 33 states -- which claimed the automakers misrepresented fuel economy in advertising -- decided not to file lawsuits against the automakers. 　The deal is the latest in the ongoi

Oct 29, 2016
미분류
Kia suffers production loss of 64,000 vehicles in Q3

[THE INVESTOR] Kia Motors, South Korea’s second largest automaker, on Oct. 27 said it suffered a production loss of 64,000 vehicles in the July-September quarter, mainly due to a series of labor strikes at domestic plants. “We weren’t able to continue our earnings momentum in the third quarter,” Han Chun-soo, Kia’s chief financial officer, said at a conference call after the company’s third-quarter earnings report. “The strike led to production loss of about 64,000 units in the period.”The compa

Oct 28, 2016
미분류
Kia Motors to launch new models in US, China

[THE INVESTOR] Kia Motors, South Korea’s second largest automaker, on Oct. 27 said it will release Niro hybrid crossover in the US next year, while launching four new models in China. “After our planned launch of the K7 sedan later this year in the US, we will launch the Niro hybrid early next year and focus on marketing there,” said Kia Motors CFO Han Chun-soo in a conference call after the company’s third-quarter earnings report. “As of now, we will focus on managing the inventory. For the lon

Oct 28, 2016
미분류
Kia Motors Q3 earnings plunge on production loss

[THE INVESTOR] Kia Motors, the nation’s No. 2 carmaker, on Oct. 27 reported its third-quarter operating profit of 524.8 billion won (US$463 million), a 22.5 percent plunge from a year ago. Revenue also fell 3.1 percent to some 12.7 trillion won during the July-September period. The company said its third-quarter earnings were hit hard by production loss at domestic plants and the strong Korean won against foreign currencies in overseas markets. The company said it sold 684,302 vehicles during th

Oct 28, 2016
미분류
Kia Motors still gauging India entry

[THE INVESTOR] The nation's second largest carmaker Kia Motors said on Oct. 27 it is still gauging its entry into the Indian market, including building a new production plant there.“Nothing has been decided on entering the Indian market,” Han Chun-soo, Kia’s chief financial officer, said during a conference call after the company’s third-quarter earnings report. “We are open to all possibilities and reviewing all different angles.”The carmaker has been seeking to make inroads in India to tap int

Oct 28, 2016
미분류
[URGENT] Kia Motors' Q3 earnings slump 22.5% to W525b

[DISCLOSURE] Kia Motors (000270) reported on Oct. 27 that its operating profit in the third quarter fell 22.5 percent to 524.8 billion won (US$460.76 million) from the same period last year. Its revenue slipped 3.1 percent to 12.70 trillion won on-year. (theinvestor@heraldcorp.com)

Oct 27, 2016
미분류
Hyundai Motor to boost domestic output in Q4

[THE INVESTOR] Hyundai Motor said on Oct. 26 that output at its South Korean plants will be increased to compensate for production lost due to recent strikes.The company’s labor union staged 24 strikes in this year’s wages negotiations, costing the company more than 140,000 units in lost production.At an investor relations event the company said that overtime will be introduced at its local facilities to boost output. Hyundai Motor officials also said that it will push up domestic sales with the

Oct 27, 2016
미분류
Hyundai Motor’s Q3 operating profit tumbles 29% on production loss

[THE INVESTOR] Hyundai Motor reported on Oct. 26 that its third-quarter net profit dipped 7.2 percent from a year earlier.In the three months ended Sept. 30, the carmaker posted a net profit of some 1.12 trillion won (US$987.20 million), compared with a net profit of about 1.21 trillion won in the same period last year, the company said in a regulatory filing.Sales dropped 5.7 percent on-year to a little over 22 trillion won in the July-September period as the carmaker sold 1,084,674 vehicles gl

Oct 27, 2016
미분류
Hyundai Motor projects difficulties in meeting sales target

[THE INVESTOR] Hyundai Motor said on Oct. 26 that meeting the 2016 sales target will be difficult. At the investor relations event, Hyundai officials said that the target is unlikely to be met citing slowing sales in advanced and emerging markets, and the recently concluded labor dispute here.The company estimates that this year’s labor dispute cost more than 140,000 units in lost production and trillions of won in lost sales. Hyundai Motor Group’s automobile sales target for this year, includin

Oct 27, 2016
미분류
[URGENT] Hyundai Motor’s Q3 operating profit drops 29% on year

Oct 26, 2016
미분류
Chevy Bolt EV to debut in Korea next year

[THE INVESTOR] General Motors’ first full electric vehicle Chevrolet Bolt will make its Korean debut in the first half of next year. 　The US auto giant on Oct. 26 announced the plan at the opening day of the Korea Electronics Show where the carmaker unveiled the Bolt EV to the public for the first time here, ahead of the car going on sale in the US later this year. From left are GM Korea CEO James Kim, Lowell Paddock, vice president of product planning and program management of GM International

Oct 27, 2016
미분류

The Korea Herald by Herald Corporation

Address : Huam-ro 4-gil 10, Yongsan-gu,Seoul, Korea
Online newspaper registration No : Seoul 아03711
Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
Juvenile Protection Manager : Yang Sung-jin
Tel : 02.727.0114