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Latest Hyundai Asan Stories

2009-08-16 17:43:33

Ties between Hyundai Group and North Korea appear on the upswing after a meeting between the company's chairwoman and Kim Jong Il, analysts say. The North Korean leader and Hyundai chairwoman Hyun Jung-eun met Sunday and had a friendly chat, the North's media reported, raising hopes among business and political analysts that Hyundai may be able to restore suspended business ties with Pyongyang, the South Korean news agency Yonhap reported. Hyun had come to North Korea on a mission to free a...

2009-08-15 12:18:19

The chairwoman of South Korea's Hyundai Group is staying longer than planned in North Korea, awaiting a chance to see leader Kim Jong Il, officials say. Hyundai leader Hyun Jung-eun was to have returned to Seoul Saturday after winning the release of a detained worker this week, but has extended her stay another day in hopes she can meet with Kim to negotiate resuming Hyundai's tourism and other suspended ventures in the North, the South Korean news agency Yonhap reported. Chairwoman Hyun...

2008-07-12 06:00:02

Text of report in English by South Korean news agency Yonhap [Yonhap headline: "President Lee Expresses Regret Over Mount Kumgang Shooting"] SEOUL, July 12 (Yonhap) - President Lee Myung-bak expressed regret over the death of a South Korean tourist shot the previous day at North Korea's Mount Kumgang and called for a swift investigation, Seoul's presidential office said Saturday. Park Wang-ja, a 53-year-old housewife, was shot dead by a North Korean soldier in the pre-dawn hours of...

2008-07-11 12:00:05

A female South Korean tourist was shot and killed by a North Korea soldier at Mount Geumgang, the Unification Ministry said Friday. Park Wang-ja, 53, of Seoul, was shot twice in her chest and leg when running away from a restricted military zone, the Korea Times said. Hyundai Asan, the South's operator of the tourism program to the Communist state, will suspend the program from Saturday until investigations into the incident are completed. The tourist was strolling at a beach near the...

2005-10-28 07:48:30

By Lee Jin-joo SEOUL (Reuters) - North and South Korea opened their first joint office on Friday to promote trade across the heavily militarized border -- just as Pyongyang is feuding with a South Korean company about business in the North. The new office, in an industrial park near the city of Kaesong, is the first permanent South Korean government presence in the North since the 1950-53 Korean War divided the peninsula. "This is a symbolic moment showing the transformed...

2005-10-20 03:53:22

By Martin Nesirky SEOUL (Reuters) - North Korea is reconsidering how it does business with the South because its main partner, part of the Hyundai Group conglomerate, sacked an executive with close ties to leader Kim Jong-il, the North said on Thursday. Earlier this month, the Hyundai Asan subsidiary that handles projects worth about $1 billion in the North severed its last tie with Kim Yoon-kyu, who had already been sacked as president of the firm in August for what the company said...

2005-10-13 21:40:28

By Lindsay Beck KAESONG, North Korea (Reuters) - Nearly a year after a North Korean industrial park started shipping goods to the South in what was seen as a tentative step toward market reform, there is little sign of any trickle-down effect on its economy. In fact, seen from the North, there is precious little sign of anything. Foreign journalists were taken to the outskirts of the park, on secretive North Korea's side of the heavily fortified Demilitarised Zone, on Thursday but...

2005-10-03 02:03:52

By Martin Nesirky and Lee Suwan MOUNT KUMGANG, North Korea (Reuters) - High on a mountain peak in autumn sunshine, two young Korean women exchange giggled whispers and share a powder compact. It sounds like a television commercial for cosmetics but it is a real-life advertisement for the advances in -- and limits to -- North-South Korean reconciliation and economic cooperation after decades of Cold War hostility. One of the women is a South Korean tour guide working for the Hyundai...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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