Kia Corporation
Scope
Date
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Capital raising
Nearly half of Korean firms plan no domestic investment next year
Rising gloom over the business environment due to a financial market crunch and weak Korean won has led to nearly half of Korea's firms having no pl...
Dec 05, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia US sales up 32% in Nov; eco-friendly cars jump
South Kora’s top automaker Hyundai Motor Group enjoyed strong demand in the US last month as the improving automotive chip supply situation bo...
Dec 02, 2022 (Gmt+09:00)
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Automobiles
Hyundai Motor's concept car N Vision 74 selected as Instant Icon of the Year by TopGear UK
Hyundai Motor Group said on Thursday that it won awards in two categories, "Instant Icon of the Year" and "Manufacturer of the Year," at the 2022 To...
Dec 01, 2022 (Gmt+09:00)
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Korean startups
Sandbox Network pursues corporate restructuring to dig out of red
Sandbox Network, Inc. announced on Sunday that it will go through corporate restructuring and encourage employees to voluntarily resign, hit by cont...
Nov 28, 2022 (Gmt+09:00)
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Automobiles
Kia sells 15 million units in Korea over past 60 years
Kia Corp. has sold its 15 million units on the domestic market since releasing its first vehicle six decades ago in 1962.The company on Monday said ...
Nov 28, 2022 (Gmt+09:00)
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Economy
Corporate confidence in South Korea hits 23-month low
Business sentiment among South Korea's companies has fallen to its lowest level in 23 months, as worsening business conditions mainly in the non-man...
Nov 24, 2022 (Gmt+09:00)
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Economy
Finance ministry stresses need to reduce maximum corporate tax rate
A total of 103 companies, a mere 0.01% of the total number of corporations in South Korea, are paying more than 40% of the country’s total cor...
Nov 22, 2022 (Gmt+09:00)
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Automobiles
S. Korea's Kia 1st among UK car dealers for brand satisfaction
Kia Corp. has seen record-high auto sales in the UK thanks to having the highest brand satisfaction among British dealers.Industry sources on Monday...
Nov 21, 2022 (Gmt+09:00)
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Automobiles
Kia mulls investing $754 mn in China instead of Russia
Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...
Nov 16, 2022 (Gmt+09:00)
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ESG
SK Geo Centric secures $363 mn in sustainability loans on favorable terms
SK Geo Centric Co., a South Korean petrochemical company, said on Tuesday it has secured 475 billion won ($363 million) in sustainability-linked loa...
Nov 15, 2022 (Gmt+09:00)
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Earnings
LG CNS earns $2.3 billion in year's first 3 quarters
South Korea's information and communications technology (ICT) corporation LG CNS, which seeks an initial public offering (IPO), has set a company re...
Nov 15, 2022 (Gmt+09:00)
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Behind the Scenes
Corporate restructure inevitable at Smilegate as founder faces divorce
South Korea's fifth-richest man Kwon Hyuk-bin and his wife Lee Hwa-jin appear to be headed for divorce, according to industry insiders on Monday.&nb...
Nov 14, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus, Hyundai Motor Group in connected car service deal
LG Uplus Corp., South Korea’s third-largest mobile carrier, will supply exclusive wireless communications services to Hyundai Motor Group for ...
Nov 14, 2022 (Gmt+09:00)
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Tech, Media & Telecom
Korea's SKT aims for $32 bn in corporate value via AI tech by 2026
South Korea’s top mobile carrier SK Telecom Co. is aiming to quadruple its corporate value, currently around 11 trillion won ($7.9 billion), b...
Nov 08, 2022 (Gmt+09:00)
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Venture capital
Corporate VC veterans pinpoint their best investments
South Korean conglomerates in recent years have ramped up their investment in startups, yielding positive returns. Hyundai Motor Co. Vice Pre...
Nov 03, 2022 (Gmt+09:00)
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Investment banking
Korea's KB Securities to earn market's 1st quadruple crown
In a first for a Korean brokerage, KB Securities has led all major performance categories this year and could achieve the domestic sector's first "q...
Nov 03, 2022 (Gmt+09:00)
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Corporate strategy
Market Kurly drops Market from platform name to expand business scope
South Korea’s Kurly Inc. has changed the name of its grocery delivery service platform Market Kurly to Kurly as part of its corporate strategy...
Nov 02, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record hybrid vehicle sales in US in October
Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...
Nov 02, 2022 (Gmt+09:00)
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Corporate governance
Dongwon Industries reborn as holdings company after 53 years
Korea's seafood giant Dongwon Industries on Wednesday said its completed merger with Dongwon Enterprise has given their parent Dongwon Group a new h...
Nov 02, 2022 (Gmt+09:00)
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Automobiles
Hyundai to ramp up hybrid vehicle production next year
Hyundai Motor Co., South Korea’s top automaker, will increase production of hybrid models by some 15% next year to focus on the popular segmen...
Oct 20, 2022 (Gmt+09:00)
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Automobiles
Hyundai, Kia to reflect $2 bn quality costs in Q3 earnings
Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s top two automakers, plan to reflect 2.9 trillion won ($2 billion) more in quality...
Oct 18, 2022 (Gmt+09:00)
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Automobiles
Hyundai to shift gear toward software-centric cars from 2023
Hyundai Motor Group will introduce software-defined vehicles (SDVs) that receive wireless software updates for models to be released from next year,...
Oct 12, 2022 (Gmt+09:00)
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Corporate bonds
Korean corporate bond issuance hits 2022 monthly low in September
South Korean corporate bond issuance in September hit a monthly low this year on souring investor sentiment due to interest rate hikes.Corporate bon...
Oct 07, 2022 (Gmt+09:00)
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Korean startups
Korea's data solution provider for small biz becomes unicorn
Korea Credit Data (KCD), a South Korean data solutions provider for small business owners, has become a Korean unicorn, or an unlisted company with ...
Oct 06, 2022 (Gmt+09:00)
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Cloud computing
NHN Cloud to raise $141 mn from stock issuance
South Korea’s cloud service provider NHN Cloud Corp. is eyeing 1.1 trillion won ($776 million) corporate value via a new stock issuance, marki...
Oct 05, 2022 (Gmt+09:00)
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Economy
Sinking won fans doubts over Korea’s economic fundamentals
The tanking South Korean won currency has stoked doubts over the fundamentals of Asia’s fourth-largest economy, although the government contin...
Sep 29, 2022 (Gmt+09:00)
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Electric vehicles
Kia’s EV6 GT: Faster than supercars Lamborghini, Porsche and Ferrari
South Korea’s sports car enthusiasts now have one more supercar option to enjoy at an affordable price – one that is arguably as powerfu...
Sep 29, 2022 (Gmt+09:00)
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Automobiles
Hyundai Group unveils purpose-built vehicle for airport pickup
Hyundai Motor Group has unveiled the interior design and user experience technologies for its purpose-built vehicles (PBVs) as the top South Korean ...
Sep 19, 2022 (Gmt+09:00)
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Venture capital
Growing Korean corporate VCs provide silver lining to startups
South Korean companies are rushing to set up their own venture capital units, so-called corporate venture capital firms, to seek new growth engines ...
Sep 18, 2022 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus aims to double corporate value via platforms
LG Uplus Corp., the third-largest mobile carrier in South Korea, is slated to increase its corporate value to 12 trillion won ($8.6 billion) by 2027...
Sep 15, 2022 (Gmt+09:00)