Seoul, Jan 18 (IANS) Hyundai Motor and its sister firm Kia posted a record combined market share in the United States in 2025, buoyed by expanded local production and strong hybrid vehicle sales, despite Washington’s aggressive tariff measures, officials said on Sunday.The two South Korean automakers sold a combined 1.84 million vehicles in the U.S. last year, accounting for a record market share of 11.3 per cent, according to data from market watcher Wards Intelligence and industry sources, rep…
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Seoul, Jan 16 (IANS) South Korean stocks ended at a fresh record high above 4,800 points on Friday, extending their rally to an 11th consecutive session amid continued buying momentum in semiconductor shares. The local currency fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 43.19 points, or 0.9 per cent, to finish at a record 4,840.74, reports Yonhap news agency.Before closing, the index touched an intraday record of 4,863.82 at 3:22 p.m.It marked the 11t…
Seoul, Jan 15 (IANS) Hyundai Motor, Porsche Korea and two other automakers will voluntarily recall more than 340,000 vehicles in South Korea to fix various component defects, the transport ministry here said on Thursday.The four companies, including Kia Corp. and Mercedes-Benz Korea, are recalling a combined 344,073 vehicles across 74 models, according to the Ministry of Land, Infrastructure and Transport, reports Yonhap news agency.The recalls were issued to address several defects, including a…
Seoul, Jan 13 (IANS) The South Korean currency fell further on Tuesday, hovering below the level of 1,470 won per US dollar shortly after recovering from a near 16-year low.The won opened at 1,468.5 per dollar, down 0.1 won from the previous session, and dipped further to 1,472.45 won as of 9:30 am, reports Yonhap news agency.The local currency had slid to a 16-year low of around 1,480 won in mid-December and rebounded above the 1,450 won mark on Dec. 24 for the first time in about two months fo…
Seoul, Jan 7 (IANS) Seoul shares extended their rally to a fourth day to set a fresh record high on a tech and auto rally on Wednesday after briefly landing above the 4,600-point level. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.58 points, or 0.57 percent, to close at an all-time high of 4,551.06, reports Yonhap news agency.The index briefly topped the 4,600-point mark, touch an intraday high of 4,611.72.On Tuesday, the KOSPI broke t…
Seoul, Jan 5 (IANS) Hyundai Motor, South Korea’s largest automaker, said on Monday its global sales fell 0.1 per cent from a year earlier in 2025 due to slowing overseas demand, apparently caused by US import tariffs.Hyundai Motor sold 4,138,180 vehicles last year, slightly down from 4,141,959 units a year earlier, the company said in a press release, reports Yonhap news agency.Domestic sales rose 1.1 per cent on-year to 712,954 units, while overseas sales declined 0.3 per cent to 3,425,226 unit…
Seoul, Dec 23 (IANS) Foreign investors are snapping up tech and auto shares in the local stock market, possibly becoming net buyers a month after turning to net selling, data showed on Tuesday.Foreign investors purchased a net 1.9 trillion won (US$1.3 billion) in the larger Korea Stock Price Index (KOSPI) market from Dec. 1 through Monday, according to the data from the Korea Exchange, the country’s main bourse operator, reports Yonhap news agency.It marks a sharp turnaround from November, when …