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Wed, October 4, 2023 | 19:13

Hyundai's September sales inch down on weak domestic demand

Hyundai's September sales inch down on weak domestic demand

Hyundai Motor, Korea's biggest carmaker, said Wednesday its sales edged down last month from a year earlier, due to weak domestic sales.

2023-10-04 17:09

'It's inevitable to raise electricity prices to reduce KEPCO's debt,' says CEO

'It's inevitable to raise electricity prices to reduce KEPCO's debt,' says CEO

The new head of the state-run utility company said Wednesday that a rate hike this year is inevitable as a necessary means to help resolve the state firm's debt, which has grown to 201 trillion won ($147 billion).

2023-10-04 16:57

NCSOFT seeks global user base for upcoming games

NCSOFT seeks global user base for upcoming games

Korean online game developer NCSOFT is ramping up marketing to global users as the company has expanded its consumer targets from Asia to North America and Europe with its new key games set for release next year.

2023-10-04 16:48

Korean airport operator clinches deal to provide consulting services to new Peruvian airport

Korean airport operator clinches deal to provide consulting services to new Peruvian airport

Korea Airports Corp., an operator of Korean airports, said Wednesday it has clinched a 34 billion-won ($25 million) deal to provide consulting services for the management of Chinchero International Airport, being built in Peru.

2023-10-04 16:18

POSCO Future M, LG Chem, EcoPro BM hit by plunging lithium, nickel prices

POSCO Future M, LG Chem, EcoPro BM hit by plunging lithium, nickel prices

Korean producers of cathode materials for electric vehicle (EV) batteries are likely to see a drop in third-quarter operating profits, according to securities analysts, Wednesday.

2023-10-04 14:41

Korean steelmakers on alert over initiation of EU carbon border tariff

Korean steelmakers on alert over initiation of EU carbon border tariff

The European Union began forcing POSCO, Hyundai Steel and other Korean steelmakers to report carbon emissions from production every quarter, threatening to impose penalties of up to 50 euros ($52) per ton on companies that do not comply with the new rule.

2023-10-03 16:28

Dong-A Socio Group’s honorary chairman passes away at 96

Dong-A Socio Group’s honorary chairman passes away at 96

Kang Shin-ho, honorary chairman of Dong-A Socio Group, passed away Tuesday after battles with chronic diseases. He was 96.

2023-10-03 16:02

Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

Korean shipbuilders are expected to win more bids than Chinese competitors for forthcoming orders from Qatar for the second phase of the Middle Eastern country’s liquefied natural gas (LNG) carrier acquisition project, according to industry officials, Tuesday.

2023-10-03 15:40

Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

Hyundai Motor and Kia are forecast to achieve solid earnings growth in the third quarter on the strengthening dollar and solid sales in premium and sports utility vehicles (SUV) categories.

2023-10-03 14:39

Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

Genesis has launched its much-anticipated GV80 Coupe featuring a dynamic yet balanced design identity. The vehicle is the first-ever sports utility coupe manufactured by the luxury automaker.

2023-10-03 13:55

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Top 10 Stories

1	Public transit fares to increase in Seoul and Busan this week

2	Ruling party vows to investigate China's alleged influence operations

3	Genesis GV80 Coupe looks to compete with Mercedes-Benz, BMW

4	Korean steelmakers on alert over initiation of EU carbon border tariff

5	Korean shipbuilders seek lead over Chinese rivals in selling LNG carriers to Qatar

6	30 out of 74 major financial companies lack female board member

7	Hyundai, Kia to extend earnings rally on strengthening dollar, solid sales

8	Lawmakers want chairmen of financial firms held accountable over misconduct

9	Dong-A Socio Group’s honorary chairman passes away at 96

10	Returning home from Chuseok holiday

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