SEOUL, Jun. 18 (Korea Bizwire) — Chang Jae-hoon, president and CEO of Hyundai Motor Co., has been named co-chair of the Hydrogen Council, a global corporate initiative with a united vision for hydrogen adoption for a clean energy transition, according to the company Tuesday. Chang will join Sanjiv Lamba, CEO of Linde plc, to lead [...]
SEOUL, June 17 (Korea Bizwire) – A new car manufacturing plant by Hyundai Motor Co., South Korea’s largest automaker, under construction in the U.S. state of Georgia will prioritize producing electric vehicles despite a temporary fluctuation in market demand, the company’s CEO said Monday. “Even though the demand for electric vehicles is temporarily fluctuating more [...]
SEOUL, June 14 (Korea Bizwire) – Hyundai Motor Co., South Korea’s leading automaker, has produced an advertisement campaign for its truck brands using generative artificial intelligence (AI) technology, its ad agency said Friday. Innocean Worldwide Inc., Hyundai Motor Group’s marketing and communications arm, said the three-part video series, titled “Cars That Run Forever,” was created [...]
SEOUL, June 14 (Korea Bizwire) – The Hyundai Motor Group is venturing into the culinary world by opening a Korean restaurant in Singapore, in collaboration with Michelin-starred chef Corey Lee. Set to open on June 15, the restaurant, named Naoh, which means “to come out” in Korean, will be located on the third floor of Hyundai [...]
ULSAN, June 13 (Korea Bizwire) -- Wage negotiations between Hyundai Motor Co., South Korea’s leading automaker, and its union have collapsed, union representatives said Thursday, with workers expected to vote later this month whether to stage a walkout. The union decided to call off further negotiations after holding the eighth round of talks at the [...]
SEOUL, Jun. 13 (Korea Bizwire) — The 2024 Busan International Mobility Show (BIMOS) will bring eco-friendly vehicles to the forefront this month, according to organizers and industry sources Thursday, as the biennial trade show struggles to maintain its influence moving forward. BIMOS is scheduled to open June 28 for a 10-day run at the BEXCO [...]
SEOUL, Jun. 11 (Korea Bizwire) — Hankook Tire & Technology Co. said Tuesday it has signed a deal with Mitsubishi Motors Corp. to supply tires for the Japanese automaker’s Xforce compact sport utility vehicle. The South Korean tire company said it will supply its Ventus Prime 4 product to Mitsubishi. The company’s Ventus product series [...]
SEOUL, Jun. 11 (Korea Bizwire) – KG Mobility, a South Korean automaker, has called into question the objectivity and reliability of a reenactment test conducted to determine the cause of a suspected sudden acceleration accident in the city of Gangneung that occurred a year and a half ago, resulting in the death of a young boy. [...]
SEOUL, Jun. 5 (Korea Bizwire) –Hyundai Motor Company has introduced the 2025 Grandeur, a revamped version of its flagship sedan, the company announced on June 5. Since its debut in 1986, the Grandeur, once nicknamed the “executive car,” has been Hyundai’s signature sedan. Last year, it solidified its position as a best-selling vehicle in South [...]
SEOUL, May 30 (Korea Bizwire) – South Korea’s automakers led all industries in cash dividends paid to shareholders last year, reflecting a boom in exports and demand for eco-friendly vehicles even as a global chip slump weighed on technology giants. Listed companies distributed a total of 29.5 trillion won in cash dividends for 2023, up 3.3% [...]