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Reporter : Lee Min-hyung
Mon, February 26, 2024 | 17:04
Hyundai Motor, Kia to capitalize on Toyota's diesel engine certification fraud
Hyundai Motor and Kia will be able to capitalize on Toyota Motor’s manipulation of quality certification for its diesel engines as the scandal presents a promising opportunity for the two Korean automakers to challenge Toyota's longstanding dominance in Southeast Asia, according to industry officials and experts, Tuesday.
Korean Air wins EU approval for Asiana deal
Korean Air won the approval of the European Union's antitrust agency for the long-delayed bid for Asiana Airlines, leaving only one decision by a U.S. authority before the complete takeover of the cash-strapped airline, the nation’s flag carrier said Tuesday.
Korea's business circle remains dissatisfied with FTC's plan to review platform act
The nation’s business circle remains dissatisfied with the latest decision by an antitrust watchdog to reconsider legislation of a controversial platform act. They urged the authority to abandon the planned regulation, arguing that it has only increased unnecessary confusion across the industry over the past few months, industry officials said, Thursday.
Budget airlines surpass flag carriers in passenger volume for first time
Korea’s low-cost carriers (LCC) surpassed the nation's two full-service carriers (FSC) for the first time ever in terms of the combined number of international passengers in 2023, according to data, Thursday.
Hyundai Motor in dilemma over unpopular Casper compact SUV
Hyundai Motor is in dilemma over what to do with the increasingly unpopular Casper compact SUV, which is manufactured via a joint venture in the southeastern city of Gwangju, according to industry officials, Thursday.
KITA accelerates improved Korea-Japan business ties
The nation’s trade association has established the Korea-Japan Special Exchange Committee to boost private business partnerships between the two countries amid thawing bilateral relations, the Korea International Trade Association (KITA) said Wednesday.
Concerns grow over Samsung Electronics as rivals advance in chips, smartphones, home appliances
Samsung Electronics is anxious over the growing risk of losing its once-dominant market position in its key businesses - memory chips, smartphones and even home appliances - as its rivals are rapidly closing the technology gaps and expanding their market shares, according to industry officials and data, Monday.
LS Electric opens EV parts plant in Mexico
LS e-Mobility Solutions has opened a new factory manufacturing safety parts for electric vehicles (EV) in Mexico, which the company said will become a strategic base for the supply of key EV components in North America.
Deadline nears with no agreement in sight for HMM sale
The sale of HMM, the nation’s leading container shipper, continues to face a conundrum, as its main creditor and a preferred bidder are showing no signs of narrowing their differences ahead of the negotiation deadline.
Hyundai Motor sets sales target for certified used vehicles to 15,000 for 2024
Hyundai Motor has set a sales target for its certified used vehicles to 15,000 this year and added electric vehicles (EVs) to its lineup from March, the automaker said Sunday.
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