Posted inChina, North Korea, Northeast Asia, South Korea, World

Why Hyundai and Kia Motors are struggling

Third-quarter earnings reports showed that Hyundai suffered 76% decrease in operating profits. To make matters worse, Standard & Poor’s lowered its rating from “A-” to “BBB+”. It mentioned that there were several reasons behind Hyundai’s under-performance, such as unfavorable exchange rates, a global trade war, strengthening of environment regulations and conflicts between labor and management. […]

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