SEOUL– SsangYong Motor Co. said Monday its sales plunged 53 percent last month from a year earlier on weaker demand for its models and a prolonged chip shortage.SsangYong Motor sold 4,749 vehicles in October, down from 10,197 units a year earlier, the…
SEOUL– Hankook Tire & Technology Co. on Monday reported its third-quarter net profit of 189 billion won (US$160.6 million), up 32.9 percent from a year earlier.Operating profit for the July-September period was 180.8 billion won, down 19.5 per…
SEOUL– Renault Samsung Motors Corp., the South Korean unit of Renault S.A., said Monday its sales jumped 54 percent last month from a year earlier on strong exports.Renault Samsung sold 11,627 vehicles in October, up from 7,533 units a year earlier am…
SEOUL– GM Korea Co. said Monday its sales tumbled 78 percent last month from a year earlier as continued chip shortages further disrupted its production.The South Korean unit of General Motors Co. sold 6,875 vehicles in October, down from 31,391 units…
SEOUL– South Korean stocks closed higher on Monday, snapping a three-day losing streak on investors’ bargain hunting and strong export data in October. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index (KOSPI)…
SEOUL– South Korea plans to gradually lift restrictions on arrivals of migrant workers prompted by the pandemic starting later this month as the country has begun to take steps to return to normalcy, the labor minister said Monday.”In light of the shi…
SEOUL– South Korea approved a plan Monday to develop homegrown lightweight torpedoes by 2028 to enhance the Navy’s anti-submarine capabilities, the state arms procurement agency said.Presided over by Defense Minister Suh Wook, the Defense Project Prom…
SEOUL– Kia Corp., South Korea’s second-largest automaker, said Monday its sales fell 19 percent last month from a year earlier as extended global chip shortages weighed on its production.Kia sold a total of 217,872 vehicles in October, down from 268,7…