Author: Seoul Reporter

[ad_1] The 2026 Kia Sportage (Captured from Kia web site) Kia Corp. introduced on Nov. 3 that it bought a complete of 263,904 automobiles in October, with 40,344 models within the home market and 223,560 models abroad. In comparison with the identical month final yr, home gross sales decreased by 13.1%, whereas abroad gross sales elevated by 2.1%. In consequence, complete gross sales quantity decreased by 0.5%. By mannequin, the Sportage was the best-selling automobile throughout home and worldwide markets with 47,341 models bought. It was adopted by the Seltos with 25,406 models and…

[ad_1] The South Korean pension scheme’s belongings beneath administration swelledGyeonng-Jin Min 기자 min@hankyung.com $140 billion within the first 10 months of 2025 The Nationwide Pension Service (NPS) is trying to rent 30 new fund administration professionals in areas protecting equities, mounted revenue, various belongings, threat administration and money administration.The NPS Funding Administration division, primarily based in Jeonju, South Korea, will recruit two senior portfolio managers and 28 fund managers, with purposes due by Nov. 17.Certified senior managers will need to have no less than seven years of funding expertise, whereas candidates for portfolio supervisor roles will need to have no…

[ad_1] The Hyundai Santa Fe Hybrid (Photograph courtesy of Hyundai Motor Co.) Hyundai Motor Co. introduced on Nov. 3 that it offered 351,753 models worldwide in October. As home gross sales decreased by greater than 17% in comparison with the identical month final 12 months as a result of longest Chuseok vacation lasting ten days final month, whole gross sales additionally decreased by 6.9% throughout the identical interval. In October, Hyundai Motor’s home gross sales have been 53,822 models, and abroad gross sales have been 297,931 models, down 17.4% and 4.8% respectively in comparison with the identical…

[ad_1] Hanwha Aerospace Co. has named Michael Coulter, who has led the South Korean protection big’s world growth since late final yr, as the brand new president and chief govt of its US operations — a job anticipated to anchor the corporate’s rising protection and shipbuilding partnerships with Washington.The appointment, introduced Monday, locations Coulter on the helm of Hanwha Protection USA (HDUSA), the US arm of Hanwha Aerospace. The subsidiary offers superior protection techniques and shipbuilding applied sciences to the US armed forces and industrial companions.In his new function, Coulter will lead Hanwha’s US tasks underneath its partnership with Washington…

[ad_1] HLB emblem (Picture courtesy of HLB) HLB introduced on Oct. 3, that it has secured a strategic funding of $145 million from LMR Companions, a UK-based international asset administration agency. The corporate defined that this inflow of funds from an abroad asset administration agency, forward of the reapplication for liver most cancers drug approval and new drug utility for bile duct most cancers, indicators the start of full-scale cooperation with international capital. The funding is made by LMR Companions in US {dollars} to the HLB Group. It features a $140 million bond with warrant (BW)…

[ad_1] Overseas funding banks that when stored Korean equities at arm’s size at the moment are scrambling to catch up as South Korea’s benchmark Kospi inventory index surged previous 4,200, setting a brand new document excessive and rating as the best-performing main inventory index of the yr.Driving the shift is a mixture of easing US tariff threat, ongoing optimism over synthetic intelligence and a world reappraisal of Korea’s industrial and tech champions.In an indication of the altering temper, a number of main world banks just lately upgraded their outlooks on Korean shares, fueling expectations that extra international traders may comply…

[ad_1] Kim Ji-hoon, an workplace employee in his 40s, grew his 300 million received ($220,000) funding into 1.5 billion received over 5 years. Now financially unbiased, he earns a steady post-retirement earnings of about 4 million received monthly — sufficient, he says, to reside comfortably and journey after leaving his job. Kim shared his funding strategy within the ebook “Retire with Simply 3 U.S. ETFs,” which has bought over 30,000 copies since its launch in March, turning into one of many yr’s most talked-about monetary titles. Trade traded funds (ETFs) are funding funds that personal monetary belongings like shares, bonds…

[ad_1] Michael O’Leary, chief govt officer of Ryanair Holdings Plc, throughout a information convention in London, UK, on Wednesday, Aug. 27, 2025.Bloomberg | Bloomberg | Getty PhotosRyanair chief govt Michael O’Leary on Monday admonished the U.Okay. authorities over its push to lift taxes on passenger flights, warning that the coverage will see airways transfer planes overseas.Talking to CNBC’s “Europe Early Version” after reporting a vital upswing in first-half revenue, the outspoken CEO described the Labour authorities’s push to lift air journey taxes as counter to its technique of kickstarting financial progress.His feedback come forward of the U.Okay. authorities’s high-stakes Autumn…

[ad_1] Samsung SDI showcases its superior LFP battery in 2024 (Courtesy of Samsung SDI) Samsung SDI Co. is ready to clinch its first large-scale battery provide settlement with Tesla Inc., a deal for vitality storage techniques (ESS) estimated at over 3 trillion gained ($2.1 billion), based on individuals with information of the matter on Monday.The landmark deal underscores Tesla’s shift away from China’s Up to date Amperex Know-how (CATL), the world’s largest battery producer, towards South Korean suppliers with US manufacturing bases following US tariff hikes on Chinese language batteries.To satisfy surging demand for ESS, used to retailer renewable vitality…

[ad_1] Chinese language President Xi Jinping (left) and South Korean President Lee Jae Myung shake palms earlier than their summit on the Gyeongju Nationwide Museum on the sidelines of the APEC summit in Gyeongju, South Korea, on Nov. 1, 2025. (Yonhap) Final week’s Asia-Pacific Financial Cooperation summit, held simply 4 months after Lee Jae Myung turned president of Korea, went surprisingly easily.Regardless of operating a gauntlet of diplomatic challenges, Lee managed to make good progress on every one. He reached a deal in tariff talks with the US, although the end result of these talks had remained unsure till the…