Articles by 박윤아
박윤아
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Kia Motors’ sales up 2% in June
[THE INVESTOR] Kia Motors said on July 1 that its sales grew 2 percent on-year in June thanks to robust domestic demand.South Korea’s second-largest automaker sold a total of 268,490 units last month, up from 263,255 vehicles a year earlier, according to the company.Domestic sales jumped 16.7 percent on-year to 52,506 units, while overseas sales edged down 1 percent to 215,984 units over the cited period.Kia Motors' K7During the first half of this year, Kia Motors’ cumulative sales dipped 4.6 pe
July 1, 2016
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Hyundai Motor’s sales up 9.1% in June
[THE INVESTOR] Hyundai Motor said on July 1 that its June sales increased 9.1 percent from a year earlier on robust sales overseas.South Korea’s leading automaker said it sold a total of 444,620 vehicles in June, up from 407,570 units a year before.Its domestic sales came to 69,970 units, up 11.4 percent from a year earlier, while overseas sales increased 8.7 percent to 374,650 units over the cited period, the company said. Hyundai Motor G80During the January-June period, Hyundai Motor sold a cu
July 1, 2016
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Ssangyong Motor’s sales grow 14% in June
[THE INVESTOR] Ssangyong Motor said July 1 that its sales grew 13.8 percent on-year in June, driven by the growing demand for its Tivoli crossover sport utility vehicle.Sales came to 14,077 units last month, compared with the previous year’s 12,372, the local unit of India’s Mahindra & Mahindra said. The figures do not include complete knockdown kits that are shipped overseas for assembly.TivoliIts domestic sales jumped 15.8 percent to 9,750 units while exports came to 4,417 units last month, up
July 1, 2016
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Renault Samsung’s sales up 37% in June
[THE INVESTOR] Renault Samsung Motors on July 1 said its sales in June surged 37.1 percent from a year earlier, driven by strong domestic demand.The local unit of French automaker Renault said it sold a total of 23,254 cars last month, up from 16,964 units in the previous year.The spike in sales was attributed largely to its solid domestic sales that jumped 59.6 percent to 10,778 units last month. The company’s overseas shipments also increased 22.2 percent to 12,476 units over the cited period,
July 1, 2016
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BOK approves W10tr fund for corporate restructuring
[THE INVESTOR] The decision-making board of the Bank of Korea on July 1 gave its final approval for creating a 10-trillion-won (US$8.7 billion) fund to help finance the ongoing state-led restructuring efforts at local shipping and shipbuilding industries. The decision came at a special meeting of the monetary policy board, according to the bank. BOK Gov. Lee Ju-yeol / The Invester(Lee Sang-sub)The funds will be used to purchase recapitalization bonds from policy lenders, such as the Korea Devel
July 1, 2016
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S. Korea starts work on 2nd 3,000-ton indigenous submarine
[THE INVESTOR] South Korea has started building a 3,000-ton attack submarine, using local technology and know-how as part of its ongoing effort to expand the country’s underwater fighting capabilities, according to the state arms procurement agency July1. The sub will be the second vessel of the Chang Bogo-III batch 1 ships, the Defense Acquisition Program Administration said.The country aims to build a total of nine ships of this class in three stages.The batch 1 ships are significant for the c
July 1, 2016
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STX Offshore seeks to cancel shipbuilding contracts
[THE INVESTOR] STX Offshore & Shipbuilding, a local shipyard under court receivership, is in talks with customers to cancel orders, as it strives to reduce losses, industry sources said on July 1.According to the sources, STX Offshore is close to axing its contract to build four ships with Frontline, the world’s largest oil tanker shipping firm.STX Offshore is also in talks with another customer to nix an order contract to build three ships, the sources said.Last month, a local court approved a
July 1, 2016
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Technical setback delays launch of Korean space rocket
[THE INVESTOR] A few technical glitches have led to the postponement of the test-launch of Korea’s next-generation space rocket, officials said July 1.The government had planned to complete the development of a two-stage test rocket by 2017 as part of a long-term project to produce an indigenous three-stage KSLV-2 rocket.Korea aims to launch a moon orbiter as early as 2020.In a report to the government, however, the Korea Aerospace Research Institute said it will have to delay the test-launch by
July 1, 2016
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Bank of Korea chief to hold special briefing on inflation
[THE INVESTOR] The head of Korea’s central bank will hold a press conference later this month to explain the reasons for the low consumer price inflation that continues to be far below the annual target, the Bank of Korea said on July 1.The media briefing on July 14 comes as the country’s consumer prices gained only 0.9 percent in the first six months of the year, far short of the BOK’s 2-percent target for the 2016-2018 period.While switching to a single-digit target from a target range for con
July 1, 2016
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Korea’s current account surplus rises to 8-month high in May: BOK
[THE INVESTOR] Korea’s current account surplus surged from a month earlier in May on account of the rise in the primary income account, while the deficit in the services narrowed, the central bank said on July 1.The current account surplus came to US$10.36 billion last month, compared with a $3.37 billion surplus in the previous month, according to preliminary data from the Bank of Korea.From a year earlier, the May figure marks a $2.04 billion increase, and is the highest since a $10.85 billion
July 1, 2016
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Kia’s sales in Mexico triple in less than a year
[THE INVESTOR] Kia Motors’ sales in Mexico more than tripled in Mexico in May from about a year ago, Korea’s second-largest carmaker said on June 30.Kia said it sold 4,610 units in Mexico in May, compared with 1,499 units in July last year when the carmaker began to sell its vehicles there.The carmaker said it sold a combined 18,200 units in the first five months of this year, accounting for a 3.1-percent share in Mexico’s auto market.Kia said it expects to sell about 50,000 units and boost its
July 1, 2016
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Korea’s consumer prices almost stagnant in June
[THE INVESTOR] Korea’s consumer prices increased by less than 1 percent for the second month in a row in June, according to government data on July 1.The country’s consumer price index rose 0.8 percent last month from a year earlier, according to Statistics Korea.The figure also climbed 0.8 percent on-year in May, after rising 1 percent or more for the previous three months.From a month earlier, the June figure stayed flat.Core inflation, which excludes volatile oil and food prices, increased 2
July 1, 2016
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Korea’s youth employment lacks stability: study
[THE INVESTOR] Although the youth employment rate increased last year, there was less job security in the market, a study said on July 1.The report by the Korean Employment Information Service said 68,000 more people in their 20s were employed last year compared to a year before. The increase contrasts with those in their 30s, whose employment fell by 38,000, and also those in their 40s whose number decreased 14,000.But a closer look showed that the types of jobs younger hires held were mainly m
July 1, 2016
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KT supports start-ups to debut on global stage
[THE INVESTOR] South Korean network operator KT has supported Korean start-ups to make a successful debut at the Mobile World Congress Shanghai 2016, which kicked off on June 29. KT has spared some of its exhibition space for fledgling Korean start-ups -- Spring Wave, ESMLab and MiscoNCT -- to display their products and services while offering an interpreting service for the companies to help them communicate with investors from China. An employee of MiscoNCT, a developer of smart parking solut
June 30, 2016
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Yoo counters Trump’s attack on Korea-US FTA
[THE INVESTOR] Finance Minister Yoo Il-ho on June 30 refuted criticism of the Korea-US free trade agreement -- most recently by Republican presidential candidate Donald Trump -- that the deal hurt the American economy and jobs. “Despite the fact that the KORUS FTA has brought enormous benefits to consumers and investors of the two countries, it is no secret that some criticize it based on the increased U.S. current account deficit,” Korea’s top economic policymaker said during a meeting with mem
June 30, 2016
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