Hyundai to up EV ratio to 80 pct by 2040

SEOUL– Hyundai Motor Co., South Korea’s biggest carmaker, said Monday it will raise the ratio of electrified vehicles to 80 percent by 2040 in global sales. All-electric and hydrogen fuel-cell…

Hyundai Heavy’s IPO price set at 60,000 won

SEOUL– Global top shipbuilder Hyundai Heavy Industries Co. said Monday that it has set its initial public offering (IPO) price at 60,000 won (US$51.80), after gauging demand from institutional investors…

Seoul stocks inch up after weak U.S. jobs data

SEOUL– South Korean stocks edged up after choppy trading Monday as investors seek to digest weaker-than-expected August jobs data in the United States. The Korean won rose against the U.S.…

Typhoon-hit Pohang designated as special disaster zone

SEOUL– President Moon Jae-in declared Pohang, a southeastern city, Monday as a special disaster zone eligible for the government’s financial support in recovery work, relief funds for victims and other…