SEOUL, Nov. 20 (Korea Bizwire) – Hyundai Motor Co. and its smaller affiliate Kia Corp. said Monday their combined vehicle sales in Britain rose 8.7 percent in the January-October period from a year earlier on increased sales of environmentally friendly models. In the first 10 months, Hyundai and Kia sold a total of 173,428 vehicles [...]
SEOUL, Nov. 16 (Korea Bizwire) –Hyundai Motor Co., South Korea’s top automaker, is expected to post the biggest operating profit among local listed firms in 2023, outstripping perennial leader Samsung Electronics Co., a corporate tracker said Thursday. Samsung Electronics has remained atop the operating income list since 2009, but its operating income is forecast to [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korean battery maker SK On Co. said Wednesday it has partnered with German battery materials firm BASF SE to explore possible business opportunities in the global lithium-ion battery markets. SK On and BASF reached an agreement to collaborate in exploring business opportunities in cathode active materials (CAM) production, [...]
SEOUL, Nov. 12 (Korea Bizwire) – South Korea’s Hyundai Motor Group stands as the second-largest player in the U.S. market for electric vehicles (EVs) despite concerns surrounding Washington’s protectionism policy, data showed Sunday. Hyundai Motor Co. took up 4.8 percent of the U.S. EV market in the January-September period, with its smaller sister Kia Corp. [...]
SEOUL, Oct. 22 (Korea Bizwire) – South Korea’s major mobile carrier KT Corp. said Sunday it will join hands with Thailand’s communication technology company Jasmine Group to create a large language model (LLM) service based on the Thai language. Heads of the two companies held a meeting at KT’s headquarters in central Seoul on Thursday [...]
SEOUL, Oct. 15 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, and its affiliate Kia Corp. sold more than a combined 200,000 eco-friendly vehicles in the United States in the January to September period, according to the companies Sunday. The two automakers have sold a combined 213,270 eco-friendly cars in the U.S. in [...]
SEOUL, Sept. 30 (Korea Bizwire) – Samsung Electronics Co. is expected to reduce its chip deficit in the third quarter, thanks largely to a continued cut in its chip output, according to analysts Saturday. Samsung, the world’s largest memory chip maker, slashed its chip production early this year, belatedly joining its peers, like SK hynix [...]
SEOUL, Sept. 30 (Korea Bizwire) –Hyundai Motor Group’s special electric vehicle platform, E-GMP, has achieved impressive sales of over 500,000 units. Both Hyundai and Kia reported that they collectively sold 517,290 electric vehicles using the E-GMP platform globally. This achievement began in 2021 when the first model, the Hyundai Ioniq 5, hit the market and [...]
SEOUL, Sept. 29 (Korea Bizwire) – Major South Korean refiners are expected to post a turnaround in their third quarter earnings, recovering from losses and dismal profits in the previous quarter, on the back of stronger margins amid rising oil prices, according to analysts Friday. SK Innovation Co., the energy unit under SK Group, is [...]
SEOUL, Sept. 27 (Korea Bizwire) – Samsung SDI Co. will spend US$1.97 billion on its second battery manufacturing facility it is building in the United States jointly with Stellantis N.V., the South Korean battery maker said in a filing Wednesday. The disclosure came about two months after their U.S. venture, StarPlus Energy, announced a plan [...]