web DeskKG Mobility’s Aug. sales down 25 pct on weak exports
KG Mobility Corp., formerly known as SsangYong Motor Co., said Monday its August sales dropped 25 percent from a year earlier due to fewer working days over the summer vacation…
Renault Korea’s Aug. sales inch up on overseas demand
Renault Korea Motors Co., the South Korean unit of Renault S.A., said Monday its August sales inched up 0.4 percent from a year earlier thanks to overseas shipments. Renault Korea…
Seoul shares rise ahead of U.S. Fed meeting
South Korean shares rose Monday, as investors bet on a U.S. rate cut. The local currency slightly lost ground against the U.S. dollar. The benchmark Korea Composite Stock Price Index…
(LEAD) National Assembly formally kicks off in Yoon’s absence
The 22nd National Assembly formally kicked off with an opening ceremony Monday, more than three months after it came into operation, with President Yoon Suk Yeol skipping the ceremony amid…
S. Korea to host 2nd int’l forum on responsible use of AI in military next week
South Korea will host an international conference on exploring the responsible use of artificial intelligence (AI) in the military domain next week, the foreign ministry said Monday. The second Responsible…
S. Korean, U.S. Marines hold major amphibious landing drills
Dozens of amphibious vehicles carrying South Korean and U.S. Marines charged ashore Monday to secure target areas as part of combined drills designed to enhance their amphibious landing capabilities. The…
Hyundai Motor’s Aug. sales down 5.3 pct as exports fall
Hyundai Motor Co., South Korea’s leading carmaker, said Monday its August sales slipped 5.3 percent from last year as exports declined. Hyundai Motor sold 332,963 vehicles in last month, down…
Kia’s Aug. sales fall 1.7 pct
Kia Corp., South Korea’s second-largest automaker, said Monday its August sales fell 1.7 percent from a year earlier amid weakened demand both at home and overseas. Kia, the smaller affiliate…