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Kia Motors' February sales surge 18.2 pct

SEOUL, March 3 (Yonhap) -- Kia Motors Corp., South Korea's second-largest automaker, said Monday its sales surged 18.2 percent in February from a year ago, helped by more working days than the month before from the Lunar New Year holiday. The carmaker said it sold a total of 242,799 units overall last month, up from 205,341 vehicles tallied a year earlier. Of all cars sold, sales in the home market jumped 6.4 percent on-year to 35,000 units, while overseas sales stood at 207,799, a 20.5 percent increase from February 2013, the company said in a statement.

EU sales of Hyundai cars down, Kia up in January: report

SEOUL, Feb. 19 (Yonhap) -- Sales of cars made by Hyundai Motor Co. lost ground in the European Union in January, while numbers for its smaller affiliate Kia Motors Corp. increased, official data showed Wednesday. According to data released by the Association of European Automobile Manufacturers (ACEA), South Korea's largest carmaker sold 30,047 units in the first month of this year, down 5.9 percent from 31,918 vehicles sold in January 2013.

Seoul shares end up on Chinese data

SEOUL, Feb. 12 (Yonhap) -- South Korean stocks finished slightly higher on Wednesday, extending their winning streak to six sessions, as China's strong economic data prodded investors to scoop up shares in chemicals, steel and shipbuilders. The South Korean won jumped against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 0.20 percent, or 3.78 points, to 1,935.84. Trading volume on the main market was 222.25 million shares worth 3.57 trillion won (US$3.4 billion), with gainers outnumbering losers 489 to 315.

Seoul shares end up on Chinese data

SEOUL, Feb. 12 (Yonhap) -- South Korean stocks finished slightly higher on Wednesday, extending their winning streak to six sessions, as China's strong economic data prodded investors to scoop up shares in chemicals, steel and shipbuilders. The South Korean won jumped against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 0.20 percent, or 3.78 points, to 1,935.84. Trading volume on the main market was 222.25 million shares worth 3.57 trillion won (US$3.4 billion), with gainers outnumbering losers 489 to 315.

Seoul shares end up on Chinese data

SEOUL, Feb. 12 (Yonhap) -- South Korean stocks finished slightly higher on Wednesday, extending their winning streak to six sessions, as China's strong economic data prodded investors to scoop up shares in chemicals, steel and shipbuilders. The South Korean won jumped against the U.S. dollar. The benchmark Korea Composite Stock Price Index (KOSPI) gained 0.20 percent, or 3.78 points, to 1,935.84. Trading volume on the main market was 222.25 million shares worth 3.57 trillion won (US$3.4 billion), with gainers outnumbering losers 489 to 315.

Hyundai Mobis opens new cold weather vehicle test site in China

SEOUL, Feb. 11 (Yonhap) -- Hyundai Mobis Co., South Korea's largest auto parts maker, said Tuesday that it opened a cold weather vehicle drive testing site in northeastern China as part of its effort to improve the quality of its products. The company said the site, located 125 kilometers from Heihe in Heilongjiang Province near the Russian border, covers some 3 million square meters and is equipped with roads and tracks that can allow vehicles and parts to be tested under extreme conditions.

Top chaebol owners' dividend income rises slightly: data

SEOUL, Feb. 11 (Yonhap) -- Dividend payments to the owners of South Korea's top 10 conglomerates will rise some 1.9 percent this year despite their firms' sluggish earnings, data showed Tuesday. The combined amount of dividends for the business tycoons was tallied at 245 billion won (US$228 million), compared with 240 billion won in 2013, according to the data by Chaebul.com, a corporate information provider on large businesses.

Overseas output by S. Korean carmakers hits record high in Jan.

SEOUL, Feb. 10 (Yonhap) -- Overseas production by South Korean carmakers reached record high numbers in January, with output expected to grow further in the future, industry data showed Monday. According to data released by automotive associations and carmakers, overseas production by Hyundai Motor Co. and its affiliate Kia Motors Corp. reached 378,867 units in the one month period, up 4.3 percent from the year before. This accounts for 56.6 percent of all cars sold by the two companies during the month.

Hyundai Motor's chief orders 500 bln won to be used on steel mill safety

SEOUL, Feb. 7 (Yonhap) -- Hyundai Motor Group chairman Chung Mong-koo on Friday ordered 500 billion won (US$465.68 million) to be invested at the conglomerate's steel mill to bolster safety after a string of deaths and injuries. Hyundai Steel's Dangjin mill, located 123 kilometers south of Seoul, reported 9 deaths and several injuries in 2013, with one more fatality taking place just last month.

Overseas car production by Hyundai, Kia up 13 pct in 2013

SEOUL, Jan. 31 (Yonhap) -- Car production abroad by major South Korean automakers Hyundai Motor Co. and Kia Motors Corp. rose 13 percent last year from a year ago thanks to growing demand for their models, a trade association said Friday. According to the Korea Automobile Manufacturers Association (KAMA), the two automakers produced a combined 4.1 million units in foreign countries in 2013, compared with 3.63 million units in 2012.
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