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Asia Times

Asia Times

Covering geo-political news and current affairs across Asia

Tag: strong won

Hyundai Motors logo. REUTERS/Chaiwat Subprasom
Posted inChina, Northeast Asia, South Korea

Hyundai Motor profits down 67% in Q3

by Andrew Salmon October 26, 2018February 18, 2020

South Korea’s flagship automaker saw its Q3 profits plummet 67% year on year due to a stronger Korean won and hefty recall costs in the US market. Hyundai Motor’s net profits for the quarter were 305.95 billion won (US$269 million), down from 939.18 billion won in Q3 2017, the company said in a statement reported Thursday […]

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