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South Korean Giants Bet Big on India’s Growing Consumer Market

South Korean Giants Bet Big on India’s Growing Consumer Market

SEOUL, Dec. 9 (Korea Bizwire) – In a significant pivot toward the world’s most populous nation, South Korean corporate powerhouses are intensifying their focus on India, seeing it as both an antidote to their China-dependent supply chains and a promising frontier for growth.  Companies like Samsung Electronics, LG Electronics, and Hyundai Motor are expanding their footprint [...]

Hyundai Triumphs in WRC, Eyes Le Mans with Genesis LMDh Ambitions

Hyundai Triumphs in WRC, Eyes Le Mans with Genesis LMDh Ambitions

SEOUL, Dec. 3 (Korea Bizwire) – Hyundai Motor Company has solidified its position in global motorsport by achieving significant milestones in the World Rally Championship (WRC) and setting its sights on endurance racing with the Genesis luxury brand.  The WRC, organized by the Fédération Internationale de l’Automobile (FIA), is one of the most demanding motorsport [...]

Global Auto Industry Could Face Oligopoly Under Second Trump Administration

Global Auto Industry Could Face Oligopoly Under Second Trump Administration

SEOUL, Nov. 27 (Korea Bizwire) – A second Trump administration could reshape the global automotive industry into an oligopolistic structure, with only a few dominant players surviving based on their hybrid vehicle technology, U.S. production capacity, and ability to benefit from sanctions against China, industry analysts say.  Industry analysts expect traditional automakers to face a survival-of-the-fittest [...]

Hyundai Chief Hints at Potential Collaboration with Toyota on Hydrogen Mobility

Hyundai Chief Hints at Potential Collaboration with Toyota on Hydrogen Mobility

SEOUL, Nov. 25 (Korea Bizwire) — Hyundai Motor Group’s chief has mentioned the possibility of collaboration with Japan’s Toyota Motor Corp. in areas involving hydrogen-powered mobility. Euisun Chung, executive chair of Hyundai Motor, said, “(Hyundai and Toyota) are discussing hydrogen and trying to collaborate well together.” Chung made the remark Sunday while meeting with reporters [...]

Hyundai Unveils Ioniq 9 at Iconic L.A. Mansion, Signals Bold Push into Luxury EV Market

Hyundai Unveils Ioniq 9 at Iconic L.A. Mansion, Signals Bold Push into Luxury EV Market

LOS ANGELES, Nov. 22 (Korea Bizwire) – The Goldstein House, an architectural gem perched in the affluent hills of Los Angeles, traded its usual Hollywood glamour for automotive innovation on November 21 as Hyundai unveiled its first large electric SUV, the Ioniq 9, to an eager crowd of industry insiders.  The venue, a masterpiece of mid-century [...]

Hyundai Names First Non-Korean CEO in a Historic Break from Tradition

Hyundai Names First Non-Korean CEO in a Historic Break from Tradition

SEOUL, Nov. 20 (Korea Bizwire) – In a groundbreaking shift that signals South Korea’s gradual departure from its traditional corporate culture, Hyundai Motor Company has named José Muñoz as its first non-Korean chief executive officer in its 57-year history, marking a significant milestone for one of the country’s most prestigious companies. The appointment of Muñoz, who [...]

Hyundai Subsidiary’s Robot Dog Deployed to Strengthen Security at Trump’s Mar-a-Lago Estate: Report

Hyundai Subsidiary’s Robot Dog Deployed to Strengthen Security at Trump’s Mar-a-Lago Estate: Report

WASHINGTON, Nov. 11 (Korea Bizwire) — A robot dog, made by a subsidiary of South Korea’s Hyundai Motor Group, has been deployed to beef up security at U.S. President-elect Donald Trump’s property in Florida, according to a news report. Made by Boston Dynamics, the remote controlled, four-legged robot was seen patrolling the sprawling Mar-a-Lago estate [...]

Hyundai Motor Beats Volkswagen to Become No. 2 Automaker in Jan.-Sept.

Hyundai Motor Beats Volkswagen to Become No. 2 Automaker in Jan.-Sept.

SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Group has outperformed Volkswagen Group to become the world’s second-largest automaker in terms of operating profit, industry data showed Thursday. According to automotive industry data, Hyundai Motor Group achieved sales of 69.4 trillion won (US$49.6 billion) and an operating profit of 6.5 trillion won during the third [...]

Hyundai’s Sonata Makes Dramatic Comeback in South Korean Market

Hyundai’s Sonata Makes Dramatic Comeback in South Korean Market

SEOUL, Nov. 1 (Korea Bizwire) – The Hyundai Sonata, a midsize sedan that once dominated South Korea’s automotive landscape, is showing strong signs of revival with a significant surge in sales this year, potentially reclaiming its status as the nation’s signature car. According to data released by the Korea Automobile Mobility Industry Association (KAMA) and Hyundai [...]

Hyundai’s N Brand Launches Global E-Sports Tournament, Expanding into Virtual Racing

Hyundai’s N Brand Launches Global E-Sports Tournament, Expanding into Virtual Racing

SEOUL, Oct. 21 (Korea Bizwire) – Hyundai Motor Company’s high-performance division, Hyundai N, is making a bold move into the world of e-sports with the announcement of its global virtual racing competition, the Hyundai N Virtual Cup. The announcement came on October 20 at the ADAC Sim Racing Expo in Dortmund, Germany, marking a significant step [...]