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Hyundai’s March sales up 18.7%

Sales of Hyundai vehicles in March jumped 18.7 percent from the previous month despite delays in stock arrivals, the Philippine importer and distributor of the South Korean carmaker reported Tuesday.

Posted: April 16th, 2014 in Headlines | Read More »

Asian shares slip after Wall Street retreat

AP FILE PHOTO

Asian markets fell further Friday after overnight declines on Wall Street, weaker Chinese manufacturing and gloomy outlooks for South Korean automakers.

Posted: January 3rd, 2014 in Latest Business Stories | Read More »

S. Korea posts fastest growth in nearly 2 years

A currency trader walks by screens showing the Korea Composite Stock Price Index (KOSPI) and foreign exchange rate, center right, at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Thursday, June 27, 2013. AP FILE PHOTO

South Korea’s economy expanded at its fastest clip in nearly two years during the third quarter as construction and capital expenditure offset weak growth in exports.

Posted: December 5th, 2013 in Latest Business Stories | Read More »

Aquino seen to bring home $1.7B in investments

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Philippine President Benigno Aquino III, front left, receives a plaque of appreciation posthumously presented to his father, Sen. Benigno S. Aquino, Jr., from Hong Won-ki, president of the Korea Journalists Society, at Korea War Memorial Museum in Seoul, South Korea, Friday, Oct. 18, 2013.(AP Photo/Ahn Young-joon)

President Benigno Aquino III is expected to bring home at least $1.7 billion in investments from Korean firms as a result of his state visit to South Korea.

Posted: October 19th, 2013 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

Hyundai labor union to strike for 4 hours

In this July 26, 2012, file photo, the logo of Hyundai Motor Co. is seen on its car at the company's showroom in Seoul, South Korea. Hyundai Motor Co. is recalling some Santa Fe SUVs and Sonata sedans because of problems with their air bags.  AP PHOTO/AHN YOUNG-JOON

Hyundai’s labor union said 46,000 workers will strike for four hours over two days this week as the union increases pressure on the automaker for higher wages and benefits.

Posted: August 21st, 2013 in Latest Business Stories | Read More »

Local group inks deal to boost trade with S. Korea

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The Philippine Chamber of Commerce and Industry (PCCI) has signed an accord with the Korea Importers Association (Koima) in a bid to further expand trade between the Philippines and South Korea.   In a statement posted on its website, the PCCI explained that the memorandum of agreement it signed with South Korea’s biggest association of [...]

Posted: August 20th, 2013 in Editor's Pick,Headlines | Read More »

S. Korean firms eye partners in PH

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At least 25 South Korean companies are exploring possible partnerships with local businesses for investments in the telecommunications and logistics industries.

Posted: July 19th, 2013 in Headlines | Read More »

S. Korea’s Asiana Airlines down 6.4% after crash

A sign is posted at the Asiana Airlines ticket counter in the international terminal at San Francisco International Airport on July 7, 2013 in San Francisco, California. AFP

Shares in South Korea’s Asiana Airlines shed 6.4 percent on Monday after one of its passenger jets crashed at San Francisco airport over the weekend, killing two people and leaving 182 injured.

Posted: July 8th, 2013 in Latest Business Stories | Read More »

SMC seeks partner for Naia Expressway project

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San Miguel Corp. (SMC) is in talks with a South Korean firm for a possible partnership for the Ninoy Aquino International Airport (Naia) Expressway project, which the conglomerate won in a bidding last month.

Posted: May 27th, 2013 in Headlines | Read More »

Hyundai wins order for world’s biggest container ship

A ship being being built at Hyundai Heavy Industries shipyard in Ulsan in this file photo. The South Korean shipbuilder said Monday it had won a $700-million deal to build the world's largest container ships for China Shipping Container Lines.  AFP PHOTO/ FILES/KIM JAE-HWAN

South Korea’s Hyundai Heavy Industries said Monday it had won a $700 million deal to build the world’s largest container ships for China Shipping Container Lines.

Posted: May 7th, 2013 in Latest Business Stories | Read More »

Koreans keen on investing in PH, says diplomat

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AP FILE PHOTO

South Korean businessmen are keen to invest more in the Philippines in light of the strong economy, the Aquino administration’s anti-corruption campaign and its public-private sector partnership (PPP) program, a South Korean diplomat in Manila said recently.

Posted: April 20th, 2013 in Latest Business Stories | Read More »

K-Water inches closer to bagging Angat plant deal

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Korea Water Resources Corp. (K-Water), the leading water resources and power firm in South Korea, on Thursday signified its agreement to the water protocol governing the operations of the 246-megawatt Angat hydropower plant in Bulacan.

Posted: April 19th, 2013 in Headlines | Read More »

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