Hyundai Steel on Wednesday further raised the export price of bar and section products by up to $50 per metric ton.With the changes, H-shape section steel has been raised to between $800 and $810 per ton, including freight costs, for the Middle East and Southeast Asia, respectively.Products bound for Europe and the U.S. will be priced at between $830 and $840 per ton in line with the changes imple

Industry Jan. 5, 2011

A U.S.-China summit set for later this month is unlikely to produce an agreement on resuming six-party talks on North Korea's nuclear programs as Washington is against convening talks for talks' sake, a South Korean official said Sunday.   U.S. President Barack Obama and Chinese President Hu Jintao are scheduled to meet in Washington on Jan. 19. North Korea is expected to be a key topic for the su

North Korea Jan. 2, 2011

By Choi He-suk Korea’s top companies are bracing for the New Year challenges of both consolidating their market leadership and developing new growth businesses.Innovation, quality, future growth, core capabilities and human resources are keywords in the New Year’s messages of leading companies as they put out strategies to tackle global uncertainties, a slowing overseas demand and tougher challeng

Industry Jan. 2, 2011

Hyundai Motor Group announced Sunday that the combined sales of Hyundai Motor Co. and Kia Motors Corp. in China came in at 1.1 million units last year, up 28.2 percent compared to 2009.With the increase, the group took 9 percent of the Chinese market and became the second-largest automotive group operating in China, the company said.Hyundai was fourth with about 700,000 units sold in China while K

Mobility Jan. 2, 2011