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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Wed, February 1, 2023 | 20:53

Hyundai's Jan. sales rise 8.4% despite chip shortage

Hyundai's Jan. sales rise 8.4% despite chip shortage

Hyundai Motor, Korea's biggest carmaker, said Wednesday its sales rose 8.4 percent last month from a year earlier despite an extended chip shortage.

2023-02-01 17:04

Retailers return to Myeong-dong as more foreign tourists visit

Retailers return to Myeong-dong as more foreign tourists visit

An increasing number of foreign tourists are visiting Myeong-dong, once a shopping and tourism mecca located in central Seoul, as Korea phases out quarantine measures against COVID-19. Many retailers that closed their stores during the pandemic are returning to the shopping street, this time in bigger and more glamorous spaces.

Kim Jae-heun | 2023-02-01 16:23

Korea suffers record-high trade deficit in January amid falling exports

Korea suffers record-high trade deficit in January amid falling exports

Korea registered an all-time high trade deficit of $12.69 billion (15.62 trillion won) in January, marking the 10th consecutive month of deficits, which were brought on by surging energy imports and plunging exports, the trade ministry said Wednesday. Experts say the recent slowed growth of exports will continue at least during the first half of this year, as global consumers...

Lee Kyung-min | 2023-02-01 16:18

Mercedes-Benz introduces luxury electric SUV

Mercedes-Benz introduces luxury electric SUV

Mercedes-Benz has introduced its large-sized electric vehicle (EV), the EQS SUV with an aim to increase its presence in the luxury EV market here, the Korean subsidiary of the German carmaker said Wednesday.

Baek Byung-yeul | 2023-02-01 16:06

Meeting with WTCR champions

Meeting with WTCR champions

Drivers who won the World Touring Car Cup (WTCR) share their experiences in the racing sport with Hyundai Motor employees at the company's headquarters in Seoul, Wednesday. Hyundai Motor said it invited drivers and team officials who won the WTCR, including Mikel Azcona, a driver for BRC Hyundai N Squandra Corse and champion of the 2022 WTRC Driver's Championship, driving Hyu...

Baek Byung-yeul | 2023-02-01 16:05

SsangYong's Jan. sales jump 46% on strong exports

SsangYong's Jan. sales jump 46% on strong exports

SsangYong Motor said Wednesday its sales jumped 46 percent last month from a year earlier, helped by robust sales of its SUV models.

2023-02-01 15:40

Baedal Minjok operator forms new company for server robot biz

Baedal Minjok operator forms new company for server robot biz

Woowa Brothers, the operator of food delivery app Baedal Minjok, said Wednesday it has established a new company to sell and develop server robots, as demand for automated services grows in Korea.

2023-02-01 15:19

Korean Air 2022 net nearly triples amid eased pandemic

Korean Air 2022 net nearly triples amid eased pandemic

Korean Air, Korea's biggest air carrier by sales, said Wednesday its net profit nearly tripled in 2022 from a year earlier as travel demand recovered amid eased COVID-19 virus curbs.

2023-02-01 14:43

S-Oil swings to red in Q4 on falling oil prices

S-Oil swings to red in Q4 on falling oil prices

S-Oil Corp. said Wednesday it shifted to the red in the fourth-quarter as a drop in global oil prices resulting in inventory losses hurt its bottom line.

2023-02-01 14:40

Samsung Heavy wins $495 mil. order for 2 LNG carriers

Samsung Heavy wins $495 mil. order for 2 LNG carriers

Korean shipyard Samsung Heavy Industries said Wednesday it has won a 609.7 billion-won ($495 million) order to build two liquefied natural gas (LNG) carriers for an Oceanian shipper.

2023-02-01 11:21

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