Articles by 임정요
임정요
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Hyundai, Kia see U.S. sales grow 6.3% in May on strong demands for SUVs
Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States rise 6.3 percent in May, thanks to brisk sales of sport utility vehicles, industry data showed Wednesday.The two South Korean auto giants sold a combined 133,932 units in the U.S. last month, up from 126,043 units sold in the same period last year, the data showed. The figures represented the best-ever sales for the month of May for both companies.Hyundai's sales rose 11.6 percent to 71,0
Mobility June 2, 2016
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U.S. should consider jointly handling nuclear weapons with Korea, Japan: expert
The United States should consider jointly handling nuclear weapons with South Korea and Japan so as to prevent the key Asian allies from seeking nuclear armament of their own, a U.S. expert has suggested.Evan Braden Montgomery, a senior fellow at the Center for Strategic and Budgetary Assessments, put forward the "combined nuclear planning and nuclear sharing" idea in a recent report, saying the allies could consider independent nuclear armament if North Korea's nuclear capability surges."How mi
Defense June 2, 2016
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Korea lose 6-1 to Spain in football friendly
South Korea lost 6-1 to Spain in a football friendly match on Wednesday as their unbeaten streak came to an end with their worst defeat in 15 years.Goals from David Silva, Alvaro Morata, Cesc Fabregas, and Manuel "Nolito" Agudo snapped South Korea's victory run at 16.South Korea hadn't lost since falling 2-1 to Australia at the Asian Cup final in January 2015. Spain also ended South Korea's nine-game winning streak and their record of 10 consecutive shutouts. South Korea's head-to-head record ag
Soccer June 2, 2016
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U.S. designates N. Korea as primary money laundering concern
The U.S. Treasury Department designated North Korea as a "primary money laundering concern" Wednesday, a powerful sanction designed to cut off the communist nation from the international banking system for its nuclear and missile programs.The designation came as part of the North Korea Sanctions and Policy Enhancement Act enacted in February to punish the North for conducting its fourth nuclear test in January and a long-range rocket launch the following month in violation of U.N. resolutions.It
North Korea June 2, 2016
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Park arrives in France for state visit to boost ties
South Korean President Park Geun-hye arrived in Paris on Wednesday for a four-day state visit meant to strengthen bilateral ties after wrapping up her swing through Africa.Park was welcomed at Paris Orly airport by French officials.This marks the first state visit to France by a South Korean president in 16 years. The trip came as South Korea and France prepare to celebrate the 130th anniversary of establishing diplomatic ties.Park is set to meet with her French counterpart, Francois Hollande, o
Politics June 2, 2016
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GM Korea raided over labor union corruption allegations
Prosecutors raided the headquarters of the South Korean unit of U.S. carmaker General Motors Co. on Wednesday as part of an investigation into alleged irregularities committed by its labor union.The Incheon District Prosecutors' Office said it confiscated accounting books, documents and computer hard discs from GM Korea Co.'s headquarters located in Incheon, 40 kilometers west of Seoul.They also arrested a 57-year-old company executive in charge of labor management on suspicions of malpractice a
Mobility June 1, 2016
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Auto sales up 6.4% in May on tax cut, robust overseas demand
The sales of five automakers in South Korea rose 6.4 percent in May from a year earlier on the back of an extended tax cut on car purchases that drove up domestic sales, and a recovery in overseas demand, industry data showed Wednesday. The combined sales of the five companies -- Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Co., and Ssangyong Motor Co. -- came to 761,981 units in May, according to the data provided by each company. Domestic sales jumped 20 percent on
Mobility June 1, 2016
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Hyundai Merchant's debt recast proposal approved by all bondholders
Bondholders of Hyundai Merchant Marine Co. on Wednesday approved an additional 170 billion won ($142 million) debt rescheduling proposal by the financially shaky shipper, clearing one of the hurdles for a creditor-led restructuring, company officials said.During a two-day meeting that started on Tuesday, the shipper's bondholders gave the nod to a total 804.2 billion won debt rescheduling scheme under which more than half of the debt will be swapped for the shipper's stocks and the remaining deb
Industry June 1, 2016
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Prosecutors confiscate hundreds of Volkswagen vehicles
Prosecutors said Wednesday they have confiscated some 950 vehicles of the South Korean unit of the German carmaker Volkswagen, equipped with its new engine model, amid a probe into the company's emissions scandal.The Seoul Central District Prosecutors' Office said three of Audi Volkswagen Korea's models -- Audi A1, A3 and the popular Golf -- have been confiscated from its vehicle inspection center in Pyeongtaek, some 70 kilometers south of Seoul.The legal action came two months after prosecutors
Mobility June 1, 2016
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Top N. Korean official in Beijing in bid to normalize ties
A top North Korean official, career diplomat Ri Su-yong, spent a second day in Beijing on Wednesday in an apparent bid to normalize political ties that remain soured over the North's nuclear weapons ambitions. A vice chairman of the North Korean ruling party's central committee and the party's chief of international relations, Ri arrived in Beijing on Tuesday for a three-day visit. He held talks with Song Tao, minister of the International Department of the Chinese Communist Party, on Tuesday ev
North Korea June 1, 2016
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Park leaves for France for state visit to boost ties
South Korean President Park Geun-hye left for France on Wednesday after wrapping up her swing through three African countries meant to boost business opportunities with the region.This marks the first state visit to France by a South Korean president in 16 years. The trip came as South Korea and France prepare to celebrate the 130th anniversary of establishing diplomatic ties between the two countries.Park is set to meet with her French counterpart, Francois Hollande, on Friday -- the fourth suc
Politics June 1, 2016
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Middle school principal sentenced for inappropriate acts
A former middle school principal was sentenced to 18 months in prison and 80 hours of rehabilitation program after he was found to have made inappropriate physical contact with female pupils during his term in office. The 57-year-old has been indicted under charges of summoning a 14-year-old to his office and later stroking her face and kissing her on the lips. The student had returned to school during the vacation period for an extracurricular baking class. (Yonhap)Another victim said he had
Social Affairs June 1, 2016
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Seoul stocks almost flat ahead of key data release
South Korean stocks closed little changed Wednesday as investors took to the sidelines waiting for a slew of economic data and events coming this week. The Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index fell 0.68 point, or 0.03 percent, to close at 1,982.72. Trade volume was moderate at 496 million shares worth 5.31 trillion won ($4.45 billion), with gainers outpacing losers 447 to 363. (Yonhap)On Tuesday, U.S. stocks dropped as investors remained cautio
June 1, 2016
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Ex-detainee in North Korea looks back on 735 days of 'hope' in memoir
A former Korean-American detainee on Wednesday called for continued interest in the North Korean people and their predicament on humanitarian grounds.Kenneth Bae, the longest-serving American prisoner detained by the North for two years, said the time he spent in the world's most closed nation reinforced his belief in the need to not forget the people who live an isolated, controlled life, totally cut off from the outside world. "While I lived there and watched the people closely, I realized we
North Korea June 1, 2016
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Main opposition visits marine division to appease conservative voters
Officials from South Korea's main opposition party visited a local marine division in northern Seoul on Wednesday, in a gesture to reach out to conservative voters in the country.Kim Chong-in, the interim leader of the Minjoo Party of Korea, visited a Marine Corps division located near the border with North Korea. It marked the first time in four months that the lawmaker has been to a military facility."The visit aims to prove the party's capability not only in economic areas but in security as
Politics June 1, 2016
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