Articles by 김주연
김주연
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Hana to raise KEB takeover fund
Jan. 1, 2012
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Honda recalls Civics on fuel leak risk
Mobility Jan. 1, 2012
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Industrial output slows in June
June industrial production posted slower than expected growth of 0.7 percent, a government report said Friday.Output in the construction, service, mining and manufacturing sectors expanded by 6.4 percent from a year ago, down from a revised 8.1 percent growth forecast in March, Statistics Korea said. The 0.7 percent on-month expansion is the slowest output growth in nine months, and a slow down fr
July 29, 2011
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Auto insurers face claims from rain damage
Auto insurers face a sharp increase in claims from rain damage that has caused at least 41 deaths in the capital area since Tuesday.More than 400 millimeters of precipitation was recorded in Seoul between Tuesday and Wednesday, causing a landslide at Mount Woomyeon and at least 16 deaths in the city’s south.Car insurers are expected to see a major decline in profits for the month as they were alre
July 28, 2011
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Hyundai Motor’s profit up 37% in 2nd quarter
Hyundai Motor Co., the nation’s largest carmaker, logged a 37 percent increase in net income for the second quarter, beating consensus forecast on record overseas sales benefited from the demand-drop for Japanese carmakers after the March earthquake.The company posted a net income of 2.3 trillion won ($2.2 billion) in the April-June period, posting a sharp increase from 1.68 trillion won in the sa
Industry July 28, 2011
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Korean currency could grow stronger
Won hits fresh 3-year high on U.S. debt crisis, recording 1,050 against dollarThe won hit a near 3-year high Wednesday, one of a basket of currencies strengthening against the U.S. dollar on jitters Washington may fail to agree on raising its debt ceiling.Investors unloaded dollars on fears of a possible U.S. debt default and sent the won to 1,049.10 by mid-day, its strongest level since September
July 27, 2011
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August hike puts electricity prices up 4.9%
Tariff raise eases cost burden for KEPCO, complicates inflation fightThe government announced Tuesday it will raise electricity tariffs by an average 4.9 percent starting August to reflect rising energy costs even as inflation remains high.The Economy Ministry said electricity bills will rise 6.1 percent for industrial use but said the raise for home use will only be 2 percent. Finance Minister Ba
July 26, 2011
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SC First chief pledges to resolve strike this week
Richard Hill, chief of the Korean unit of Standard Chartered, on Monday expressed his “deepest regret” for service inconvenience due to an ongoing strike and pledged his commitment to resolving the dispute over the introduction of a performance-based pay system this week.During a press conference in Seoul, Hill bowed in apology to the Korean public. The news conference was held as the bank’s labor
July 25, 2011
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Renault Samsung’s departing CEO proud of growth
Jean-Marie Hurtiger, the outgoing CEO of Renault Samsung Motors Co., expressed satisfaction over the achievements in his nearly six-year reign and urged the company to continue localizing automotive components. Jean-Marie HurtigerIn his final official interview as chief, Hurtiger said he is proud to have renewed all of RSM’s vehicles, including the SM3, SM5, SM7 and QM5, as well as leading its cus
Mobility July 24, 2011
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‘Carmakers to see reduced surplus from revised FTA’
The modified Korea-U.S. free trade agreement will bring in less surplus for domestic carmakers than had initially been forecast, a government report said Friday. The FTA, signed in 2007 and modified in November is expected to expand local carmakers’ trade surplus by $488 million annually, $53 million less than the equivalent figure under the earlier terms agreed. The two nations agreed to scale ba
Industry July 22, 2011
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Red meat market widens for Australia, U.S., Canada
Red meat market widens for Australia, U.S., CanadaBy Cynthia J. KimImported red meat from Australia, the United States and Europe is enjoying a fast-increasing market share in Korea, benefiting from the huge loss of livestock here after the worst-ever foot-and-mouth disease outbreak in the past year.And competition in the imported beef market is set to become fiercer as Canada will soon resume its
Industry July 21, 2011
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No sign of dispute-end at SC First Bank
SC First Bank and its labor union, staging the longest walkout in the industry, are increasingly under pressure to strike a deal to end the dispute after the fight resulted in its lowered credit rating and intense scrutiny from the regulator.About half of its 6,500 workforce has been on strike since June 27 to protest against the proposed introduction of a performance-based pay system. The bank wa
Industry July 21, 2011
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Imported beef market widens
Imported red meat from Australia, the United States and Europe is enjoying a fast-increasing market share in Korea, benefiting from the huge loss of livestock here after the worst-ever foot-and-mouth disease outbreak in the past year.And competition in the imported beef market is set to become fiercer as Canada will soon resume its beef exports to Korea.Beef and pork from Australia and the United
Industry July 21, 2011
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Renault Samsung to have new CEO
The Renault Group will appoint Francois Provost, the French carmaker’s deputy managing director in Russia, to head Renault Samsung Motors on Sept. 1, an official at Renault Samsung Motors said Thursday.Provost will replace Renault Samsung’s current CEO Jean-Marie Hurtiger, who took the Seoul office in May 2006.“Renault Samsung will have new leader effective Sept. 1. Francois Provost will transfer
Industry July 21, 2011
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Bahk promotes wet markets to spur domestic demand
Finance Minister Bahk Jae-wan on Wednesday visited a wet market with representatives of business groups, making a timely move to coordinate with the private sector to revive sagging domestic demand. The visit to Sooyu Traditional Market in northern Seoul, along with ruling Grand National Party leader Hong Jun-pyo and Huh Chang-soo, chairman of the Federation of Korean Industries, is aimed at promo
July 20, 2011
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