Half of South Korea's top 10 business groups saw their third-quarter sales dip, hit by a protracted slump at home and abroad, industry data showed Thursday.
The combined sales of 67 listed companies affiliated with the country's top 10 conglomerates, which settle accounts every December, were tallied at 242.69 trillion won (US$208 billion) during the July-September period, down 4.68%Read more
South Korea's top automotive group Hyundai Motor Group will work to expand its presence in the Chinese market with its overall production capacity there expected to reach 2.7 million vehicles per year in 2018, the automaker said Tuesday.
The plan was announced at a ceremony, marking the construction of a new production facility in Cangzhou, Hubei Province.
"As a symbolRead more
Cumulative vehicle sales by Hyundai Motor Group exceeded 30 million in 54 years after it entered the car-making business, the South Korean automotive conglomerate said Monday.
Since entering the market in 1962, Hyundai Motor Co. and Kia Motors Corp. sold a combined 30.03 million units, 18.46 million by Hyundai and 11.57 million for Kia. The sister companies together form theRead more