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Tue, October 4, 2022 | 14:57

Hyundai Glovis acquires GEAA to sell used cars in US

Hyundai Glovis has acquired a 100 percent stake in Pennsylvania-based Greater Erie Auto Auction (GEAA) to operate a used car auction dealership in the U.S., the company said Tuesday. The logistics unit of Hyundai Motor Group plans to reinforce GEAA's sales networks in Cleveland and Pittsburgh by taking advantage of GEAA's popularity in Pennsylvania and its lower prices compar...

2022-10-04 14:49

Hyundai, Kia's US EV sales dip in Sept. amid EV tax credit concerns

Hyundai Motor and Kia saw their electric vehicle (EV) sales in the United States sink in September from a month earlier amid worries over the potential impact from a new U.S. law disadvantaging EV makers that do not produce the green vehicles in America, company data showed Tuesday.

2022-10-04 14:06

Kia launches high-performance electric model EV6 GT

Hyundai Glovis buys US auto auction dealer in overseas push

Hyundai Glovis, the logistics unit of Hyundai Motor Group, said Tuesday it has acquired a U.S. auto auction dealer as it pushes to make inroads into overseas secondhand car markets.

2022-10-04 12:32

SPC Group opens 3 new Paris Baguette stores in Paris in 2022

Korean food and beverage giant SPC Group said Tuesday it has opened three new Paris Baguette bakery stores in France's capital city of Paris this year, as it eyes expansion in the European country

2022-10-04 12:32

KT expands its IPTV service to media platform

KT, a major Korean mobile carrier, said Tuesday it will expand its internet protocol television (IPTV) service to a content media platform that enables viewers to access a greater variety of content from online streamers like Netflix.

2022-10-04 11:19

Naver to acquire online US fashion marketplace for $1.6 billion

Korean internet portal giant Naver said Tuesday it will take over Posh, a U.S. social commerce marketplace for fashion, for 2.3 trillion won ($1.6 billion) in a bid to broaden its business portfolio to North America.

2022-10-04 10:10

Kia launches high-performance electric model EV6 GT

Kia, Korea's second-biggest carmaker, on Tuesday launched the pure electric high-performance model EV6 GT in the domestic market in a move to beef up its EV lineup.

2022-10-04 09:25

Hyundai, Kia's US EV sales dip in Sept. amid EV tax credit concerns

Imported fruit prices skyrocket as US dollar soars

A 34-year-old office worker surnamed Kim was surprised to see how expensive bananas have become amid a series of news stories that the soaring U.S. dollar has sharply raised the prices of imported fruit. “I have been purchasing bananas once a week for many years, but I have never seen their price go so high as it is now. It makes me hesitate to grab one when I see how much it...

2022-10-04 08:28

Former LG Electronics vice president to lead LocknLock

Global food container maker LocknLock has nominated former LG Electronics Vice President Lee Jae-ho as its new CEO, the company said last week. Lee will be officially appointed during the company's extraordinary meeting of shareholders on Oct. 17 along with his appointment as an executive director on the same day.

2022-10-03 16:43

Samsung SDI to achieve carbon neutrality by 2050

Samsung SDI has declared the implementation of eco-friendly management as part of its efforts to tackle climate change and achieve sustainable growth, the Samsung Group battery affiliate said Monday. In order to reach net-zero carbon emissions by 2050, the company announced a set of environmental management strategies including eight specific goals under the theme of “respons...

2022-10-03 16:21

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