News Summary: Hyundai Motor's 4Q profit up 13 pct


OVER THERE: Hyundai Motor's fourth-quarter profit increased 13 percent over a year earlier thanks to higher overseas sales.

IN CONTEXT: Earnings for the whole of 2013 fell, underlining Hyundai's waning popularity among Korean consumers and labor strife. Profit in 2013 dropped 1 percent to 9 trillion won. Hyundai blamed lower demand from domestic consumers and production disruptions caused by strikes.

ROAD MORE TRAVELED: Forecasting intense competition from foreign brands trying to erode its market share in South Korea, Hyundai said its growth in 2014 would come from overseas markets. It aims to sell 4.9 million vehicles this year, up from 4.7 million last year.

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