SEOUL, Apr. 2 (Korea Bizwire) – Hyundai Motor Group has become the largest shareholder of a leading mobile carrier, KT Corp., the communications service provider said Tuesday in a regulatory filing. Hyundai’s status as the largest shareholder, however, requires approval from the science ministry. The change came as the National Pension Service, previously the largest [...]
SEOUL, Apr. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, said Monday its monthly sales fell 3.7 percent in March from a year earlier due to sluggish demand in its home market. Hyundai Motor sold 369,132 vehicles last month, down from 383,396 units a year ago, the company said in a statement. [...]
SEOUL, Apr. 1 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Monday its vehicle sales rose 26 percent in March from a year earlier thanks to strong demand from both home and abroad. GM Korea sold 51,388 vehicles last month, compared with 40,781 units from a year ago, [...]
SEOUL, Mar. 28 (Korea Bizwire) – Hyundai Motor Company is fortifying its foothold in the North American market by introducing the redesigned Tucson, its compact sport utility vehicle (SUV). At the press preview of the 2024 New York International Auto Show held on March 27 at the Javits Convention Center, Hyundai unveiled the “All-New Tucson” [...]
SEOUL, March 28 (Korea Bizwire) – Kia Corp., South Korea’s second-biggest carmaker by sales, said Thursday it has unveiled the K4 compact sedan at the New York auto show as it plans to launch the vehicle in North American markets this year. Kia will assemble the K4 compact at its plant in Mexico, and sell [...]
SEOUL, Mar. 28 (Korea Bizwire) – Kia’s large electric sport utility vehicle (SUV), the EV9, emerged as the Car of the Year at the 2024 World Car Awards (WCA) held on March 27 during the New York International Auto Show. The EV9 also claimed the title of World Electric Vehicle of the Year. Hyundai Motor Company’s [...]
SEOUL, Mar. 28 (Korea Bizwire) – In a bold move to bolster its future global competitiveness, Hyundai Motor Group has announced a large-scale domestic hiring and investment initiative. Over the next three years, the automotive giant plans to recruit 80,000 new employees in South Korea and invest a staggering 68 trillion won. Hyundai’s production workers, known [...]
SEOUL, March 26 (Korea Bizwire) – Hyundai Motor Co. said Tuesday it has unveiled two new Genesis concept vehicles in New York as it strives to further strengthen the independent Genesis brand. Hyundai Motor introduced the brand’s first flagship electric SUV concept, the Genesis Neolun Concept, and the GV60 Magma Concept, which is an upgraded [...]
SEOUL, Mar. 26 (Korea Bizwire) – Kia Corp., South Korea’s second-biggest carmaker, said Tuesday it has hired two former Mercedes-Benz and BMW designers for its operations in Europe and China in the latest move to strengthen its design capabilities. Former Mercedes-Benz designer Oliver Samson and former BMW designer Lim Seung-mo will begin serving as head [...]
SEOUL, Mar. 22 (Korea Bizwire) – Hyundai’s premium Genesis brand has unveiled a blackout edition of its flagship G90 sedan, bathing the luxurious model in what the company calls “the primordial color” to evoke a sense of refined mystique. Dubbed the Genesis G90 Black, the range-topping trim focuses on elevating the aesthetic of South Korea’s most [...]