UPDATE 1-Kia Motor posts first operating loss in six years

Newswire

(Updates with details and share prices) SEOUL, Oct 28 (Reuters) - South Korea's Kia Motors Corp. reported on Friday its first quarterly operating loss in six years after a labour strike and high raw material costs wiped out strong gains from affiliated firms. Kia, South Korea's second-biggest carmaker, took a hit from stoppages between late August and mid September by unionised workers who were demanding salary increases and better working conditions. A stronger won also ate away at its ...

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