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Korean shipbuilders projected to see profit downturn in Q2IndustryJul 25, 2016[ THE INVESTOR ] South Korean shipbuilders are likely to see a profit downturn in the second quarter of the year, hit by the ongoing industry-wide restructuring. Local securities said the nation’s... -
Volkswagen Korea attends public hearingTransportJul 25, 2016[ THE INVESTOR ] The Ministry of Environment held a public hearing on July 25, attended by Audi Volkswagen Korea. The hearing -- which was held at the National Institute of Environmental Research ... -
Samsung, LG keep close eye on Vietnam’s minimum wage hikeTechnologyJul 25, 2016[ THE INVESTOR ] Vietnam’s minimum wage hike is expected to take a heavy toll on big Korean firms such as Samsung and LG that have been beefing up production there due to low labor costs. Currentl... -
Hanwha opens solar energy complex for local firmsIndustryJul 22, 2016[ THE INVESTOR ] Hanwha Group has launched a new research complex in Seosan, South Chungcheong Province, to nurture local small and medium-sized firms in the field of solar energy. The company, ... -
Volkswagen halts sales of nearly 80 models in KoreaTransportJul 22, 2016[ THE INVESTOR ] Audi Volkswagen Korea has decided to stop selling certain vehicles that cheated on emission tests in South Korea, local news reported Thursday. The Korean unit informed local deal... -
Seoul raises subsidies for EV ownersTransportJul 21, 2016[ THE INVESTOR ] The Seoul City government announced on July 21 that it will raise the subsidies for electrical vehicle owners by 2 million won (US$ 1,758) to boost sales. A resident who purchase... -
Hyundai, Samsung, Ssangyong rolling out summer edition carsTransportJul 21, 2016[ THE INVESTOR ] Automakers are rolling out special edition cars for the summer, according to the industry on July 21. Hyundai Motor , South Korea’s largest automaker, recently released a special... -
Hyundai Mobis to recall 120,000 filters containing toxic substanceTransportJul 21, 2016[ THE INVESTOR ] Hyundai Mobis , South Korea’s largest automotive parts supplier, has decided to recall 120,000 car air-conditioning filters after octylisothiazolinone, a toxic chemical substance... -
Creditors may give Hanjin Shipping more time to restructureIndustryJul 21, 2016[ THE INVESTOR ] Creditors, led by the state-run Korea Development Bank, plans on giving some breathing room to Hanjin Shipping to stay afloat, by extending the due date of its corporate rehabili... -
Hyundai Mobis eyes non-Korean carmakers for growthTransportJul 20, 2016[ THE INVESTOR ] Hyundai Mobis , South Korea’s largest automotive parts supplier, aims to target American and Japanese automakers to widen its business beyond local affiliates Hyundai Motor and... -
FTC plans to file suit, fine Volkswagen KoreaTransportJul 20, 2016[ THE INVESTOR ] South Korea’s antitrust agency has decided to press criminal charges against the former and current executives of Volkswagen Korea for deceiving customers with false advertisements... -
Hyundai Genesis G90 to top 20,000 unitsTransportJul 19, 2016[THE INVESTOR] Hyundai Motor says it is close to selling 20,000 units of the flagship sedan G90 from Genesis, the newly launched luxury brand by the South Korean auto giant, Herald Business reported ...
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Hyundai Heavy clinches additional ITER component dealIndustryJul 19, 2016[ THE INVESTOR ] Hyundai Heavy Industries has won an additional contract to supply two vacuum vessel sectors, the key component of the multibillion-dollar project International Thermonuclear Expe... -
KEPCO eyes renewable energy development in MongoliaIndustryJul 19, 2016[ THE INVESTOR ] Korea Electric Power Corp ., South Korea’s state-run power utility firm, eyes to develop renewable energy with Mongolian and Japanese firms. Cho Hwan-ik, KEPCO CEO, signed a mem... -
Korean biosimilars make inroads into EuropeIndustryJul 19, 2016[ THE INVESTOR ] Propelled by Samsung Bioepis and Celltrion , South Korean biopharmaceutical companies are gaining a foothold in Europe with their biosimilars, cheaper copycat versions of biologi...
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