South Korea: Auto Exports Soar 58 Percent On EVs, SUVs albawaba.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from albawaba.com Daily Mail and Mail on Sunday newspapers.
Amid THAAD fuss, Hyundai, SK selling key assets in China
Posted : 2021-05-30 16:45
By Kim Hyun-bin
Korean business conglomerates are busy selling off assets in China as a series of events there have negatively impacted their businesses over the past several years.
The pandemic and China s economic retaliation against the deployment of a U.S. Terminal High Altitude Area Defense (THAAD) anti-missile system in Korea deployment controversy have led to declining sales and forced Korean companies to restructure their business portfolios in China, industry officials said, Sunday.
Hyundai Motor is seeking to sell its first Beijing plant. Hyundai is in talks with the Beijing Shunyi district government to sell its plant, an industry official said. The plant was established in 2002 with an annual production capacity of 300,000 vehicles. It was the start of Hyundai s China endeavors and helped expand the company s market share in the world s largest car market.
Korean won strengthens against U.S. dollar South Korea benchmark bond yield rises For the midday report, please click
SEOUL, May 28 (Reuters) - Round-up of South Korean financial
markets: South Korean shares rose on Friday, logging their biggest
weekly jump in three, led by tech heavyweights, as upbeat data
from the United States supported recovery momentum. Both the won
and the benchmark bond yield rose. The KOSPI ended up 23.22 points, or 0.73%, at
3,188.73, rebounding from a 0.1% decline on Thursday. For the week, the index rose 1.02%, marking its biggest
gain in three weeks. Better than expected U.S. jobless claims data whetted
Hyundai сокращает модельный ряд двигателей внутреннего сгорания и инвестирует в электромобили - СМИ pressorg24.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressorg24.com Daily Mail and Mail on Sunday newspapers.