During the fourth quarter of 2009, Korean car manufacturer Hyundai reported record profits of  837 million won (520 million Euros), 44% up on last year. The Hyundai/Kia group is the fourth largest car manufacturer in the world.

Turnover during the quarter was up by 9.3% to 650 billion won. This year is set to see a continuation of this improvement in profits, net results forecast by Thomson Reuters to rise by 1.4%. Improving image and quality are expected to compensate for the increasing value of the won.

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