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The Korea Times

Entertainment & Arts

SCMP
Asia

The Korea Times

Business

Companies

Tue, January 31, 2023 | 02:14

GM to introduce 6 new vehicles in Korea

GM to introduce 6 new vehicles in Korea

General Motors will introduce six new cars and electric vehicles (EV) and intensify customer services here to get closer to Korean consumers, the CEO of its Korean unit said Monday. “We are planning to launch six new vehicles in Korea right within the six months,” Roberto Rempel, president and CEO of GM Korea, said during a press conference in Seoul.

Baek Byung-yeul | 2023-01-30 17:05

Hyundai Glovis Q4 net income rises 40.4% to $292.9 mil.

Hyundai Glovis Q4 net income rises 40.4% to $292.9 mil.

Hyundai Glovis on Monday reported its fourth-quarter net income of 359.6 billion won ($292.9 million), up 40.4 percent from a year earlier.

2023-01-30 16:55

Hyundai Glovis 2022 net income jumps 52.3% to $971.7 mil.

Hyundai-Rotem Q4 net profit up 380.1% to $100.3 million

Hyundai-Rotem Q4 net profit up 380.1% to $100.3 million

Hyundai-Rotem on Monday reported its fourth-quarter net income of 123.2 billion won ($100.3 million), up 380.1 percent from a year earlier.

2023-01-30 16:53

Hyundai-Rotem 2022 net income up 278.4% to $158.4 mil.

Hyundai Glovis 2022 net income jumps 52.3% to $971.7 mil.

Hyundai Glovis 2022 net income jumps 52.3% to $971.7 mil.

Hyundai Glovis on Monday reported its 2022 net income of 1.19 trillion won ($971.7 million), up 52.3 percent from a year earlier.

2023-01-30 16:53

Hyundai Glovis Q4 net income rises 40.4% to $292.9 mil.

Hyundai-Rotem 2022 net income up 278.4% to $158.4 mil.

Hyundai-Rotem 2022 net income up 278.4% to $158.4 mil.

Hyundai-Rotem on Monday reported its 2022 net income of 194.5 billion won ($158.4 million), up 278.4 percent from a year earlier.

2023-01-30 16:52

Hyundai-Rotem Q4 net profit up 380.1% to $100.3 million

SPC opens 120th Paris Baguette store in US

SPC opens 120th Paris Baguette store in US

SPC has opened its 120th Paris Baguette store in the United States as Korea's largest bakery brand expands its presence in the world's largest economy, company officials said Monday. The firm operates 20 stores directly through its U.S. subsidiary, and individuals and corporations run the remaining 100 stores under franchise agreements.

Kim Jae-heun | 2023-01-30 16:50

KT&G partners with PMI to expand global e-cigarette business

KT&G partners with PMI to expand global e-cigarette business

KT&G has inked a 15-year deal with global tobacco company Philip Morris International (PMI) to expand its worldwide business for heat-not-burn products, the company said Monday. The two firms held the KT&G-PMI Global Collaboration event to sign a product supply contract for overseas sales of KT&G's “lil” series.

Kim Jae-heun | 2023-01-30 16:48

Samsung SDI hints at another joint venture with US carmaker

Samsung SDI hints at another joint venture with US carmaker

Samsung SDI indicated its intention to set up another joint venture with a U.S. carmaker to expand its presence in the rapidly growing North American electric vehicle (EV) market. In response to a question about its joint venture plan in the U.S. market following one it founded in collaboration with Stellantis, the Korean EV battery maker said it is in talks with its multiple...

Park Jae-hyuk | 2023-01-30 16:18

Kolon honorary chairman tasked with finding next FKI chief

Kolon honorary chairman tasked with finding next FKI chief

Kolon Group Honorary Chairman Lee Woong-yeul was appointed to lead a committee to recommend candidates for the next Federation of Korean Industries (FKI) chairman, according to the business lobby group, Monday. The FKI said Lee was given plenary authority to supervise the recommendation process.

Park Jae-hyuk | 2023-01-30 14:40

Samsung SDI posts record profit in 2022 on strong EV battery demand

Samsung SDI posts record profit in 2022 on strong EV battery demand

Korean battery maker Samsung SDI said Monday it posted record-high profit in 2022, driven by solid demand for electric vehicle (EV) batteries and energy storage systems (ESS).

2023-01-30 11:16

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