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Hyundai Motor’s net profit for Q3 sinks 24.2% on production disruptions, sluggish demand
The earnings of 1.93 trillion won ($1.4 billion) fell well short of market expectations of 2.12 trillion won.
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FTC fines Celltrion 630 million won over unfair test kit subcontracting
Korea’s Fair Trade Commission fined Celltrion 630 million won ($469,000) for allegedly canceling Covid-19 test kit orders unfairly and delaying required subcontracting documents.
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Gaon Cable secures $90 million supply deal with U.S. cloud company
The firm’s U.S. manufacturing subsidiary will supply a medium-voltage power distribution cable system.
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Hyundai Motor to invest $450 million to expand Alabama plant
The automaker will expand engine capacity and prepare its Montgomery factory for hybrid, EREV and new SUV production.