Fiscal Year 2015 Budget Proposal Determined at 376 Tril. Won, up 5.7% in South Korea.

Fiscal Year 2015 Budget Proposal Determined at 376 Tril. Won, up 5.7% in South Korea.

The government has confirmed the next year's budget proposal volume at 376 trillion won (US$361 billion), up 5.7 percent from this year

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Hyundai Group's Purchase of KEPCO Site to Have Limited Impact on Its Finances

The consortium of Hyundai Motor, Kia Motors, and Hyundai Mobis was finally selected as the successful bidder to acquire the former Korea Electric Power Corp. headquarters site in Seoul's Gangnam. As the consortium decided to pay 10.55 trillion won for the property, more than three times of the appraisal value last year.

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