South Korea

Kia showcases Ceed Sportswagon and XCeed crossover with PHEV option

Kia showcases Ceed Sportswagon and XCeed crossover with PHEV option

South Korean automaker Kia Motors has recently presented the plug-in hybrid versions of two of its vehicles --- the Ceed Sportswagon and the XCeed crossover.

South Korean Government announces $900 million subsidy for electric vehicles

South Korean Government announces $900 million subsidy for electric vehicles

In an evident effort to increase the adoption of electric vehicles (EVs) in South Korea, the government has earmarked an amount equivalent of approximately $900 million for new e-mobility subsidies

Shares gain 2.3 per cent in Seoul

Shares gain 2.3 per cent in SeoulSeoul - Shares surged 2.3 per cent Thursd

Cambodian prime minister calls for ASEAN meeting on swine flu

Swine FluPhnom Penh - Cambodian Prime Minister Hun Sen on Wednesday called on South-East Asian leaders to hold an emergency meeting to agree on a regional strategy to stem the spread of swine flu. "We need to have an emergency meeting of ASEAN (Association of South-East Asian Nations) to address this deadly disease as soon as possible," he told a graduation ceremony at the National Institute of Education in Phnom Penh.

The premier called on ASEAN Secretary General Surin Pitsuwan to organize the meeting and invite health ministers from all member countries.

South Korea sees record current account surplus in March

South KoreaSeoul - South Korea recorded a record current account surplus in March as imports weakened more than the country's falling exports, the central bank said Wednesday. The surplus hit 6.65 billion dollars, nearly double the surplus seen in February of 3.56 billion dollars, the Bank of Korea said, adding that it expected another surplus this month as a decline in exports caused by the global economic crisis slows.

The March surplus was the biggest recorded for Asia's fourth-largest economy since the Bank of Korea started keeping such statistics in 1980.

Shares surge almost 3 per cent in Seoul

KospiSeoul - Shares finished nearly 3 per cent higher Wednesday on the Seoul stock exchange on bargain hunt

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