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United Kingdom

Joori Roh

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

South Korea's July exports record slowest decline in four months

01 Aug 2020

SEOUL South Korean exports fell the slowest in four months and beat market expectations, data showed on Saturday, a further sign a recovery in Asia's fourth-largest economy is gaining traction, although threats loom from global flare-ups in the COVID-19 pandemic.

Surge in damaged cash as worried South Koreans try to microwave the virus

31 Jul 2020

SEOUL Worried South Koreans are putting banknotes in their microwaves and washing machines, damaging the bills in their attempts to cleanse them of the coronavirus.

South Korea's June factory output jumps at fastest pace since 2009

31 Jul 2020

SEOUL South Korea's factory production jumped at the fastest rate in more than 11 years in June and much quicker than expected, data showed on Friday, adding to hopes that the worst of the coronavirus impact has passed.

Iran struggles to buy food in a world wary of touching its money

30 Jul 2020

LONDON/SAO PAULO/SEOUL Iran, creaking under the impact of U.S. sanctions, a collapse in oil sales and a severe COVID-19 epidemic, is scrambling to buy food and medicine to avoid a supply crunch. But it's a struggle.

South Korea's July exports seen falling for fifth month on weak global demand: Reuters poll

29 Jul 2020

SEOUL South Korea's exports likely contracted for a fifth straight month in July as global demand remained weak despite the easing of coronavirus-related lockdowns, a Reuters poll showed on Wednesday.

South Korea enters recession as exports plunge by most since 1963

23 Jul 2020

SEOUL South Korea plunged into recession in the second quarter in its worst economic decline in more than two decades as the coronavirus pandemic battered exports and social distancing curbs paralysed factories.

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