South Korea’s Hyundai Motor Group said it ranked third in first-half global vehicle sales on the strength of high-end model sales, despite difficulties in the global supply of automotive chips. 　Hyundai Motor, its independent Genesis brand and Hyundai’s smaller affiliate Kia sold a combined 3.299 million vehicles in global markets in the January-June period, trailing only Toyota Motor’s 5.138 million units and Volkswagen’s 4.006 million units, according to their sales

　The global market share of major South Korean battery makers fell in the first half of this year from a year earlier amid strong growth of Chinese rivals, a report showed.  　LG Energy Solution, SK On and Samsung SDI together accounted for a combined 25.8 percent share for the January-June period in terms of the total amount of battery energy registered, according to the report by market tracker SNE Research.  　That marks a 9.1 percentage point decline from the previous year’s

SAN FRANCISCO (AFP) -- Uber on Friday said it will let drivers in the United States see trip details before deciding whether to accept them -- a new feature long sought by drivers. A common lament by drivers at the app-summoned ride platform has been that they have to accept a request before learning where trips will take them, or how profitable they will be. "Our new trip request screen makes it easier for drivers to decide if a trip is worth their time and effort by providing all the de

AFP -- Elon Musk on Friday filed claims against Twitter as he fights back against the tech firm's lawsuit demanding he be held to his $44 billion buyout deal. Musk's counter-suit was submitted along with a legal defense against Twitter's claim that the billionaire is contractually bound to complete the deal he inked in April to buy Twitter, the Chancery Court in the state of Delaware said in a notice. The 164-page filing was submitted as being "confidential," meaning the documents we

　Korea’s Electric Vehicle Battery industry showed slow sales growth as its global market share in the first five months dropped by 9.5 percentage points from last year, according to the battery industry tracker SNE Research’s June report. 　LG Energy Solution, the country’s top battery maker, took 14.4 percent of the market. The figure shrank by 9.2 percentage points from last year’s 23.6. Samsung SDI’s share also went down by 1.5 percentage points from 5.9 percent

　Seoul was selected as the 10th best city for startups in an annual report released by research firm Startup Genome, city officials said. 　The Global Startup Ecosystem Report 2022 by the firm, dedicated to improving the startup ecosystem of each city, surveyed 280 cities across some 100 nations for the latest results announced in London, the officials said. 　The report ranked Seoul as 10th strongest in the startup ecosystem category, up from 16th last year and 20th in 2020. 　The report put t

SAN FRANCISCO -- Elon Musk on Friday pulled the plug on his $44 billion deal to buy Twitter, accusing the social media giant of "misleading" statements about the number of fake accounts, a regulatory filing showed. Musk's effort to terminate the deal that he inked in April sets the stage for an epic court battle over a billion-dollar breakup fee and more. "Mr. Musk hereby exercises (the) right to terminate the Merger Agreement and abandon the transaction," his lawyers said

　Hong Kong is the world’s most expensive city to live in as an expat for the second year in a row, according to a new study. New York and Geneva took second and third place in the rankings. 　Higher prices and a stronger currency over the past year kept the Asian city at the top of the tree, according to ECA International, which carried out its research in March this year. London and Tokyo round out the top five. 　Seoul, capital city of South Korea, stays 10th most expensive location in

　Apple reclaimed its title as the world’s most valuable brand, according to a survey from Kantar BrandZ, knocking rival Amazon off the top spot for the first time in three years. 　The iPhone maker’s brand value reached $947 billion this year, while Amazon slipped to third, according to Kantar’s survey published June 15. Apple was last ranked the most valuable brand in 2015. 　Louis Vuitton became the first luxury brand to reach the top 10 after experiencing 64 percent growth

　South Korea had the highest household debt-to-gross domestic product ratio among 36 major economies in the first quarter, a global finance report said. 　The country’s household debt-to-GDP ratio came to 104.3 percent in the January-March period, followed by Lebanon with 97.8 percent, Hong Kong with 95.3 percent, Thailand with 89.7 percent and Britain with 83.9 percent, according to data from the Institute of International Finance.  　South Korea was the only country whose household

　Samsung Electronics, South Korea’s leading tech firm, was the world‘s 22nd-largest company in terms of market capitalization, down seven notches from a year earlier, data showed. 　According to the list of the global top 100 companies released by London-based accounting company PwC, the tech giant was the only South Korean company on the list with the market value of $342 billion as of March. 　The share price of the chip giant has fallen amid global uncertainties, including moneta

　South Korea ranked fifth in terms of global vehicle production last year, retaining the spot for the second consecutive year, amid efforts to minimize the fallout from the pandemic-caused global chip shortage, a report showed.  　The combined vehicle output by South Korean carmakers, including Hyundai Motor and Kia, reached 3.46 million units as of end-2021, down 1.3 percent from the previous year, according to the report from the Korea Automobile Manufacturers Association.  　China

China is considering buying or increasing stakes in Russian energy and commodities companies, such as gas giant Gazprom PJSC and aluminum producer United Co. Rusal International PJSC, according to people familiar with the matter. Beijing is in talks with its state-owned firms, including China National Petroleum Corp., China Petrochemical Corp., Aluminum Corp. of China and China Minmetals Corp., on any opportunities for potential investments in Russian companies or assets, the people said. Any d

Google agreed to acquire cybersecurity company Mandiant Inc. for $5.4 billion, its second-biggest deal ever. With Mandiant, Alphabet Inc.’s Google gets more tools to protect its cloud clients by responding quickly to online threats. The company is working to recruit and support cloud customers amid stiff competition from Microsoft Corp. and Amazon.com Inc. Google will purchase Mandiant for $23 a share in an all-cash deal, according to a statement on Tuesday. Following the close of the de

Energy giant Shell said Tuesday that it will stop buying Russian oil and natural gas and shut down its service stations, aviation fuels and other operations in the country amid international pressure for companies to sever ties over the invasion of Ukraine. The company said in a statement that it would withdraw from all Russian hydrocarbons, including crude oil, petroleum products, natural gas and liquefied natural gas, "in a phased manner." The decision comes just days after Ukraine