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Tuesday, December 24, 2024

BUSINESS

[NEWS ANALYSIS] Tesla’s EV pricing war puts pressure on Hyundai Motor, Kia

An EV pricing war spurred by Tesla is putting pressure on Hyundai Motor and Kia, which were already reeling from the Inflation Reduction Act...

Stocks fall as investors take cover before Fed rate meeting

Shares ended lower Tuesday, tracking falls on Wall Street, as investors stay cautious ahead of the Federal Reserve's rate decision this week. The won...

Seoul stocks open higher on U.S. advances

Seoul stocks opened slightly higher Friday, tracking overnight gains on Wall Street. The benchmark Kospi rose 0.75 points, or 0.03 percent, to 2,469.4 in the...

Hyundai Mobis reports record revenue in 2022, lower-than-expected net profit

Hyundai Mobis reported lower-than-expected net profit in 2022, impacted by the rising raw material costs. The auto parts maker logged a net profit of 2.5...

Local tech stocks boosted by U.S. market after Lunar New Year break

Korea’s tech stocks, both big and small, received a major boost Wednesday following the Lunar New Year holiday, taking a positive cue from the...

Ford says plan for EV battery plant in Turkey with SK On still on track

SK On and Ford Motor’s plans for a joint electric vehicle (EV) battery plant in Turkey are still on track. “The non-binding MOU signed...

Seoul shares open higher on tech gains

Korean stocks opened marginally higher Friday as gains in tech companies offset concerns over a recession overshadowing the U.S. markets. The benchmark Kospi rose 5.23...

Korean games most popular among Middle Eastern users last year

Middle Eastern users played and spent the most on Korean games compared to any other region in the world, according to an annual survey done...

SK Innovation raises 3.6 billion won to support its suppliers

SK Innovation raised 3.6 billion won ($2.9 million) to support its suppliers, the company said Tuesday. The mutual growth fund will be provided to 6,658...

LG Energy Solution, Honda Motor establish L-H Battery Company

LG Energy Solution and Honda Motor established L-H Battery Company, a battery-making joint venture, on Friday. The establishment came as the two companies announced in...