Korea’s economy headed nowhere fast under Yoon
TOKYO – The champagne isn’t exactly flowing as South Korea’s Yoon Suk Yeol commemorates the two-year mark of his presidency.
Hyundai asian news
South Korea's Hyundai Marine Solution nearly doubles in market debut
SEOUL -- Shares in the maintenance and repair unit of South Korea's biggest shipbuilding conglomerate HD Hyundai Group nearly doubled in their stock market debut on Wednesday after the company completed the country's biggest initial public offering in more than two years.
South Korea's Hyundai Marine Solution rises 43.8% in market debut
SEOUL -- Shares in the maintenance and repair unit of South Korea's biggest shipbuilding conglomerate HD Hyundai Group jumped 43.8% in their stock market debut on Wednesday after the company completed the country's biggest initial public offering in more than two years.
China’s job-hungry youth offered lifeline by South Korean university with its ‘exemplary employment-linked model’
A version of this article has also been published by The Korea Times in a partnership with the South China Morning Post.
Hyundai Motor Q1 profit falls as EV demand weakens
SEOUL -- Hyundai Motor's operating profit fell slightly in the first quarter from the same period a year ago on subdued growth in the global electric vehicle market as hybrid cars find more favor with consumers.
‘It Is Desolate’: China’s Glut of Unused Car Factories
On the outskirts of Chongqing, western China’s largest city, sits a huge symbol of the country’s glut of car factories. It’s a complex of gray buildings, nearly a square mile in size. The thousands of employees who used to work there have moved on. Its crimson loading docks are closed.
Kia looks to double hybrid sales by 2028 amid EV headwinds
SEOUL -- Hyundai Motor Group affiliate Kia aims to double hybrid sales by 2028, releasing hybrid versions of existing nine major models as the automaker reconsiders its focus on the competitive electric vehicle market.
Non U.S.-made EVs secure tax credits via lease loophole
WASHINGTON -- The ratio of leases among electric vehicle sales in the U.S. has risen as high as 90% for some models, as overseas automakers take advantage of a loophole that allows some foreign-made cars to receive the same tax credits as those assembled in America.