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Heekyong Yang

Hyundai Motor shares rise as much as 10% on Ioniq EV plan

10 Aug 2020

SEOUL Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker by 2025. | Video

Hyundai Motor shares rise as much as 10% on Ioniq EV plan

10 Aug 2020

SEOUL Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a family of Ioniq-brand electric vehicles (EVs) as it aims to become the third-largest EV maker by 2025. | Video

Samsung crafts India comeback as anti-China wave surges

03 Aug 2020

NEW DELHI/SEOUL Samsung Electronics Co Ltd is forging a comeback in India's smartphone market with a new range of budget devices and a ramped-up online presence, aiming to recoup ground ceded to Chinese rivals such as Xiaomi Corp .

Samsung expects smartphone demand to drive second-half earnings

30 Jul 2020

SEOUL Samsung Electronics Co Ltd expects a global recovery in demand for smartphones and consumer electronics to underpin profits in the second half of the year, after a coronavirus-propelled shift to online working boosted quarterly earnings. | Video

South Korean refiners post record first-half losses on plunge in oil price, demand

29 Jul 2020

SEOUL Two refiners in South Korea, the world's fifth largest crude oil importer, posted their biggest losses ever in the first half when oil prices slumped as the COVID-19 pandemic ravaged fuel demand.

UPDATE 3-S.Korean refiners post record H1 losses on plunge in oil price, demand

29 Jul 2020

* SK Innovation to temporarily shut No.3 CDU in H2 (Recasts, adds H1 losses, comment)

South Korea reports highest single-day rise in coronavirus cases since March

25 Jul 2020

SEOUL South Korea reported 113 new coronavirus cases on Saturday, the largest single-day increase in almost four months, and officials warned the upward trajectory could continue as people carrying the disease enter the country from abroad.

UPDATE 1-S-Oil expects refining margins to recover in Q3 as virus curbs ease

24 Jul 2020

SEOUL, July 24 South Korea's S-Oil Corp said on Friday it expected refining margins to continuously recover in the third quarter, supported by the easing of coronavirus-related restrictions.

RPT-UPDATE 3-Apple supplier LG Display posts larger loss, but says the worst is over

23 Jul 2020

SEOUL, July 23 Apple Inc supplier LG Display Co Ltd said on Thursday it expects profitability to improve in the second half of this year as the new iPhone launch boosts demand for its smartphone panels, despite posting a larger operating loss.

Samsung Electronics flags second-quarter profit jump on solid chip demand, one-off gains from Apple

07 Jul 2020

SEOUL Samsung Electronics Co Ltd flagged a 23% rise in second-quarter operating profit on Tuesday, beating analysts' estimates on solid chip sales to data centres catering for a work-from-home economy during the novel coronavirus pandemic. | Video

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