SEOUL, Mar. 7 (Korea Bizwire) – Half of the new recruits at Hyundai Mobis will be working in research and development with a focus on self-driving and connected car technologies, the company announced yesterday. Of the 278 employees Hyundai Mobis hired last month, nearly a quarter were electronics and computer science majors in light of [...]
SEOUL, March 7 (Korea Bizwire) – The Genesis, a separate premium brand of South Korea’s top automaker Hyundai Motor Co., has won this year’s best brand ranking among local cars for the first time, a survey said Tuesday. Brandstock, a South Korean market research firm that determines the rankings of local brands, said in its [...]
SEOUL, March 6 (Korea Bizwire) – South Korea will soon come up with measures to promote its leadership in the global market for drones, the government said Monday, also announcing plans to host a conference toward that end. The one-day conference on drones will be held Friday in Seoul, involving hundreds of government officials and [...]
SEOUL, March 6 (Korea Bizwire) – The Kia Soul continued to remained one of the best-selling cars made by South Korea’s No. 2 automaker in overseas markets last year, despite its dwindling popularity at home, industry data showed Monday. In 2016, 168,159 units of the car were shipped overseas, more than 70 times higher than [...]
SEOUL, March 3 (Korea Bizwire) – Hyundai Heavy Industries Co., a major shipyard here, traded at a 52-week high on Friday on simmering expectations that the shipbuilding sector is on a recovery track and its plan to spin off non-shipbuilding businesses may boost its competitiveness. Hyundai Heavy closed at 167,500 won (US$146) on the Seoul [...]
SEOUL, March 2 (Korea Bizwire) – Daewoo Shipbuilding & Marine Engineering Co., a major shipbuilder here, said Thursday that it has clinched a 414 billion won (US$363 million) deal to build two liquefied natural gas (LNG) carriers. Under the deal with an unidentified customer, Daewoo Shipbuilding will deliver the vessels by August 2019, the company [...]
SEOUL, March 2 (Korea Bizwire) – An expected rise in demand for liquefied natural gas (LNG) is likely to boost demand for LNG carriers, which in turn will help South Korean shipbuilders clinch more LNG ships and related facilities, industry sources said Thursday. Earlier, Royal Dutch Shell, a global oil and gas firm, has said [...]
WASHINGTON, March 1 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate, Kia Motors Corp., saw their combined sales in the United States drop nearly 7 percent in February as Kia’s sales slumped, industry data showed Wednesday. The two South Korean auto giants sold a combined 95,693 units in the U.S. last month, down [...]
SEOUL, Feb. 27 (Korea Bizwire) – Unionized workers at South Korean shipbuilder Hyundai Heavy Industries Co. staged a strike for the third consecutive workday Monday, opposing the firm’s decision to split the ailing company. The labor union said it has called on its 14,000 workers to stage an eight-hour sit-down starting at 8:00 a.m., continuing [...]
SEOUL, Feb. 24 (Korea Bizwire) – Kia Motors Corp. is aiming to export up to 10,000 units of the soon-to-be-launched plug-in hybrid vehicle (PHEV) version of its Niro small SUV this year, industry sources said Friday. Kia, the No. 2 carmaker in South Korea, is scheduled to unveil the Niro plug-in hybrid in South Korea [...]