Kia Motors Corp.’s domestic market share exceeded 30 percent in 2010 for the first time in 15 years.According to industry data, Kia’s domestic sales in 2010 increased by 17.4 percent from the previous year to come in at about 485,000 vehicles, and pushing up the carmaker’s market share by 3.6 percentage points to 33.2 percent. While Kia held more than a 30 percent market share in the early 1990s,

Hyundai Heavy Industries donated 5 billion won ($4.4 million) to the Community Chest of Korea on Monday.“I hope that the donation can in a small way help in giving hope and courage to those who are experiencing financial difficulties,” Hyundai Heavy Industries president and chief executive Lee Jai-seong said. Lee Jai-seongMonday’s donation is the latest in a series of corporate social responsibili

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

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

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