South Korea

Kia profit hit as stronger won hurts car exports

Jan. 24, 2014 06:01 CET
Kia posted fourth-quarter profit that missed estimates as a stronger won cut exports....
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Kia's fourth-quarter profits rise 29%

8:34 pm U.S. ET | Jan. 23, 2014
Kia's fourth-quarter profit rose 29 percent, beating analysts' estimates, after sales of pricier models increased at home. The higher sales of Sportage and Soul vehicles are a bright spot in a year in which a stronger won damped revenue in the United States, Kia's biggest market, and the company agreed to settle lawsuits for overstating fuel-economy ratings....
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HANS GREIMEL

In Korea, free trade still not balanced trade

12:07 pm U.S. ET | Jan. 10, 2014
Import car sales in South Korea rocketed 20 percent higher in 2013 to an all-time high. Proof that the United States free-trade pact is finally paying off for Detroit? Think again....
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Bosch, Continental, Denso fined by South Korea for price fixing

6:31 am U.S. ET | Dec. 23, 2013
South Korea's antitrust regulator fined units of Denso, Continental and Bosch a total of $107.99 million, saying they had fixed prices of parts sold to Hyundai and Kia. The fine comes as antitrust regulators from the United States to Europe and Japan crack down on price collusion among auto parts makers....
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Bosch, Continental, Denso fined by South Korea for price fixing

Dec. 23, 2013 12:31 CET
South Korea's antitrust regulator fined units of Denso, Continental and Bosch a total of $107.99 million, saying they had fixed prices of parts sold to Hyundai Motor and affiliate Kia. The fine comes as antitrust regulators from the United States to Europe and Japan crack down on price collusion among auto parts makers....
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GM to cut S. Korean jobs as Chevy pullout looms in Europe

6:45 am U.S. ET | Dec. 17, 2013
General Motors plans to slash its headcount in South Korea next year as it prepares to withdraw its Chevy brand in Europe, a major export market for South Korean-made cars....
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GM likely to cut Korea output by nearly 20% in 2015, researcher says

9:23 am U.S. ET | Dec. 5, 2013
General Motors is likely to cut the number of cars it makes in South Korea by nearly 20 percent in 2015 compared with 2013, said industry researcher IHS Automotive....
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GM will open Singapore headquarters to back emerging-market thrust

Nov. 13, 2013 08:04 CET
General Motors will open a new headquarters in Singapore headed by former Volvo CEO Stefan Jacoby to oversee markets including Southeast Asia and India....
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For Hyundai, Korean factory footprint becomes a millstone

12:01 am U.S. ET | Nov. 10, 2013
It takes twice as long on average -- over 28 hours -- for Hyundai to make a car in South Korea than in the United States, even though its domestic plants have far more workers for each production line....
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Kia's October U.S. sales fall as 2013 results fester

3:33 pm U.S. ET | Nov. 1, 2013
Kia monthly sales fell for the fifth time this year, continuing the Korean brand's lackluster 2013 sales performance. Kia's sales fell to 39,754 vehicles in October, down 6 percent from a year earlier, while overall U.S. auto sales grew 10 percent....
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Kia profits rise 8.9% in Q3 despite strike-related losses

9:14 am U.S. ET | Oct. 25, 2013
A three-week union strike in its home market hampered Kia Motors profits during the third quarter, but the automaker said it still posted an 8.9 percent gain in net income....
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Hyundai third-quarter profit advances on China, Brazil

Oct. 25, 2013 06:01 CET
Hyundai reported its first profit increase in four quarters after sales rose in China and demand for hatchbacks helped boost deliveries in Brazil....
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Hyundai Motor Q3 profit advances on China, Brazil

10:27 am U.S. ET | Oct. 24, 2013
Hyundai Motor reported its first profit increase in four quarters after sales rose in China and demand for hatchbacks helped boost deliveries in Brazil....
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Hankook Tire to invest $800 million to build first U.S. plant

7:50 am U.S. ET | Oct. 14, 2013
Hankook Tire, South Korea's biggest tiremaker, will invest $800 million to build its first factory in the United States as automakers stay on track for a fifth straight year of growth....
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Calif. dealer offers staff spiritual care

Calif. dealer Bill Hoehn has something few retailers have: A full-time chaplain. The chaplain provides care and support for employees, is available 24/7 for crisis needs and even presides over weddings. Mon., September 22
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