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  • SEOUL, Oct 24- South Korea's economic growth quickened in the third quarter led by private consumption and construction spending, but quarterly exports declined for the first time in a year in a sign of cooling global growth that should keep the door open for more monetary easing. The economy grew a seasonally adjusted 0.9 percent in the July-September quarter...

  • *Hyundai considers sharply raising dividend, weighs interim div. SEOUL, Oct 23- Hyundai Motor is considering paying its first ever interim dividend next year, its president said on Thursday, in an apparent bid to appease investors angered by its involvement in a $10 billion purchase of a trophy property in Seoul. The possibility of a larger payout, which President...

  • Hyundai Motor's 3Q profit falls 28 percent Thursday, 23 Oct 2014 | 1:52 AM ET

    SEOUL, South Korea— Hyundai Motor Co. said Thursday its profit sank nearly 30 percent for the July-September quarter, hurt by a stronger South Korean currency and weak sales growth in its home market. Hyundai said it sold 3.62 million vehicles during the first nine months of the year, 4 percent higher from a year earlier. Hyundai said the local currency's average...

  • SEOUL, Oct 23- Hyundai Motor is considering raising its dividend sharply and introducing an interim dividend, President Lee Won- hee said on Thursday, in an apparent bid to appease investors angered by its recent $10 billion deal to buy a Seoul property. Last month, a consortium led by Hyundai Motor bid $10 billion for a plot of land in Seoul's high-end Gangnam...

  • SEOUL, Oct 23- South Korean automaker Hyundai Motor posted a 29 percent fall in its third-quarter net profit, the steepest decline in at least six quarters, hit by slowing sales growth and a stronger local currency. The stock has lost 32 percent of its value so far this year, making it the worst performer among major global automakers, hit by last month's $10 billion...

  • Hyundai Motor Q3 profit down 29 pct, misses forecasts Thursday, 23 Oct 2014 | 1:08 AM ET

    SEOUL, Oct 23- Hyundai Motor Co posted a 29 percent year-on-year fall in its quarterly net profit, missing analysts' estimates, hit by a strong local currency and slowing sales growth in its key U.S. and South Korean markets. Hyundai Motor, which along with its affiliate Kia Motors is the world's fifth-biggest automaker, on Thursday reported a 1.52 trillion Korean...

  • DIARY - Top economic Events to Nov 4 Wednesday, 22 Oct 2014 | 8:01 PM ET

    Treasury Under Secretary David Cohen speaks on "Disrupting ISIL's Money Trail" before the Carnegie Endowment for International Peace in Washington- 1400 GMT. LONDON- Bank of England Deputy Governor Ben Broadbent gives a speech on monetary policy outlook to Society of Business Economists- 0805 GMT. OTTAWA- Bank of Canada Governor Stephen Poloz and Senior...

  • Hyundai's revamped Sonata yet to rev up key U.S. market Wednesday, 22 Oct 2014 | 5:14 AM ET

    Hyundai is expected to post a 9 percent fall in its third-quarter net profit when it releases its quarterly earnings on Thursday. In contrast, the Sonata's predecessor helped Hyundai expand its U.S. market share after it was launched there in 2010.. But consumers are very much driven by what the vehicle looks like, "said Scott Fink, chief executive of Hyundai of New...

  • Samsung phones cleared for US government use Tuesday, 21 Oct 2014 | 3:33 AM ET

    SEOUL, South Korea— Samsung Electronics Co. said Tuesday some of its Galaxy mobile devices were approved by the National Security Agency for use with classified U.S. government networks and data, a boost to the company's efforts to expand in the security-conscious business market. The South Korean company said the Galaxy S5, the Galaxy Note 4 and seven other...

  • Samsung seeks boost from redesigned Note Tuesday, 21 Oct 2014 | 2:37 AM ET

    Even though reviews for the Galaxy Note 4 have been favorable, analysts said its redesign may not be enough as Apple Inc. has entered the large-screen smartphone category with the iPhone 6 Plus. "It will not be easy," said Lee Sei- chul, an analyst at Woori Investment& Securities. Samsung estimated earlier this month that its July-September quarterly profit shrank...

  • SEOUL/ WASHINGTON, Oct 21- South Korea said it could cancel a planned $1 billion- plus deal for BAE Systems Plc to upgrade its F-16 fighter jets and seek a new different contractor if talks with the British company do not proceed smoothly. While BAE has been on cost and schedule with an initial $140 million development contract for the upgrades of the 134 jets, the U.S....

  • SEOUL, Oct 20- For a country trying to avoid the menace of deflation, South Korea is receiving timely help from unusual quarters- the country's landlord and their tenants. Nomura estimates that there was some $400 billion tied up in jeonse deposits in 2012, equal to one-third of South Korea's annual economic output. "The sharp drop in interest rates is the most...

  • SEOUL, Oct 15- South Korea's central bank slashed its policy interest rate for the second time in three months on Wednesday to match its record low and gave no clear signal that its easing cycle had ended- keeping the door open for another cut. Bond prices rose modestly as Wednesday's decision had been widely expected, with the anticipated tightening in U.S....

  • *OPEC unlikely to cut output to support prices- Kuwait. SINGAPORE/ SEOUL, Oct 13- Global oil futures lost more than a dollar on Monday after Saudi Arabia and Kuwait signaled ample supplies and their willingness to bear lower prices to defend market share, although better than expected trade data from China pared oil's losses. Contrary to market expectations, OPEC...

  • *Some storage sites expected to be full by 2016. SEOUL, Oct 13- Among the usual commercials for beer, noodles and cars on South Korean TV, one item stands in marked contrast. It plans to cram those sites with more fuel than they were originally intended to hold while it looks for a permanent solution, suggesting little has been learned from the Fukushima disaster in...

  • Secretary of State John Kerry told him on Oct. 8 that the world's second biggest greenhouse gas emitter behind China may announce a major injection of money into the Green Climate Fund created by the United Nations. "He says that the U.S. is considering seriously to make a significant announcement even before the Lima conference, probably next month," Gutierrez...

  • Kim Jong Un misses key event due to 'pulled tendon' Friday, 10 Oct 2014 | 10:10 AM ET
    Kim Jong Un

    North Korean leader Kim Jong Un is in firm control of his government but hurt his leg taking part in a military drill. Reuters reports.

  • WASHINGTON, Oct 10- The United States may make a major contribution to a fund in November that would help poor countries prepare for and combat climate change, said the foreign minister of Peru, the country hosting a crucial round of climate negotiations in December. Secretary of State John Kerry told him on Oct. 8 that the world's second biggest greenhouse gas...

  • MOSCOW, Oct 10- South Korean shipbuilder Samsung Heavy Industries plans to build three Arctic tankers for Russian oil company Gazprom Neft, which has been targeted by Western sanctions, sources familiar with the deal said. The tankers will be bought by Gazprom Neft's Austria- based subsidiary Gazprom Neft Trading, one of the sources told Reuters.

  • SEOUL, Oct 7- Samsung Electronics Co Ltd is heading for its first annual earnings drop since 2011 after it revealed its July-September profit would be the lowest in more than three years and said short-term prospects for smartphones were uncertain. The world's smartphone leader has seen its global market share decline in annual terms for the past two quarters,...