Category: Business

Samsung further expands presence in DRAM market in Q4: report

SEOUL– Samsung Electronics Co. further expanded its dominance in the global DRAM market in the fourth quarter of 2020, a report showed Thursday, with revenue increase.The South Korean tech giant, also the leader in the NAND flash sector, had a 42.1 pe…

S. Korean Bond Yields on Mar. 4, 2021

Today (%) Previous Session(%) Change (BP)1-year TB 0.672 0.669 +0.33-year TB 1.030 1.019 +1.110-year TB 1.972 1.951 +2.12-year MSB 0.867 0.860 +0.73-year CB (AA-) 2.058 2.051 +0.791-day CD 0.740 0.740 0.0Source: Yonhap News Agency

Samsung ranks 5th in Q4 Philippines smartphone market: report

SEOUL– Samsung Electronics Co. was the fifth-largest smartphone vendor in the Philippines in the fourth quarter of 2020, a report showed Thursday, as Chinese brands dominated the market.The South Korean tech giant had a market share of 8.4 percent in …

Major biz to invest 43 tln won in hydrogen economy by 2030

SEOUL– South Korea’s five major conglomerates announced Tuesday they plan to invest 43 trillion won (US$38.2 billion) in the hydrogen industry in the latest move to meet the growing demand for the energy source.Under the plan, SK, Hyundai Motor, POSCO…

Carmakers’ Feb. sales rise 4.8 pct on SUVs

SEOUL– South Korean carmakers’ sales rose 4.8 percent last month from a year earlier helped by strong demand for SUVs amid the COVID-19 pandemic, industry data showed Tuesday.The five carmakers in South Korea — Hyundai Motor Co., Kia Corp., GM Korea …

Seoul stocks up 1 pct on eased inflation woes

SEOUL– South Korean stocks rebounded from last week’s sharp plunge Tuesday to end 1 percent higher on eased inflation concerns, but they pared part of earlier gains in the face of profit-taking. The Korean won fell against the U.S. dollar.The benchmar…

S. Korean Bond Yields on Mar. 2, 2021

Today (%) Previous Session(%) Change (BP)1-year TB 0.671 0.673 -0.23-year TB 1.021 1.020 +0.110-year TB 1.966 1.960 +0.62-year MSB 0.863 0.874 -1.13-year CB (AA-) 2.054 2.054 0.091-day CD 0.740 0.740 0.0Source: Yonhap News Agency

Kia’s Feb. sales rise 7 pct on strong domestic sales

SEOUL– Kia Corp., South Korea’s second-largest automaker, said Tuesday its sales rose 7 percent last month from a year earlier on robust domestic sales of SUVs.Kia sold 210,177 vehicles in February, up from 196,408 units a year ago, the company said i…

Hyundai’s sales rise 6.7 pct in Feb.

SEOUL– Hyundai Motor Co. said Tuesday its sales rose 6.7 percent last month from a year earlier on robust domestic sales amid the COVID-19 pandemic.The country’s biggest carmaker sold 300,248 vehicles in February, up from 281,363 units a year earlier,…

Hyundai Motor says sales of IONIQ 5 in Europe show solid start

SEOUL, Hyundai Motor Co.’s preorders of its IONIQ 5 all-electric model in Europe showed a solid start, with the carmaker selling 3,000 units in advance orders.According to Hyundai’s affiliates in Europe, about 10,000 people applied to buy the electric …