SEOUL, July 6 (Korea Bizwire) – Hyundai Motor’s luxury sedan Genesis has been picked as the preferred Korean car by Korean university students, while Hyundai’s Avante was chosen as the best option for a first car. According to a survey conducted by Hyundai Mobis, a parts maker subsidiary of the Hyundai Motor Group, which polled 1,240 university [...]
SEOUL, June 3 (Korea Bizwire) – Hyundai Motor, a bellwether for Korea’s economy along with Samsung Electronics, saw its stock price collapse more than 10 percent to its lowest level in 57 months on June 2. Shares of the company, the fifth largest automaker in the world, tumbled 10.36 percent to 138,500 won (US$125.3), their [...]
SEOUL, April 2 (Korea Bizwire) – The wage gap between executives and ordinary workers has continued to increase dramatically in Korea, as the disparity in salaries at the top 30 listed companies reached up to 142 times last year. According to FNGuide, a financial information provider, Samsung Electronics topped the wage disparity among the 30 largest [...]
SEOUL, March 30 (Korea Bizwire) – The value of land possessed by South Korea’s top 10 business groups reached an all-time high of 63.29 trillion won (US$57.18 billion) at the end of 2014, up 4 percent from a year ago, a market researcher said Monday. The value of land owned by 95 listed companies under [...]
SEOUL, Jan. 16 (Korea Bizwire) – Hyundai Mobis Co., South Korea’s largest auto parts maker and an affiliate of Hyundai Motor Co., said Friday it will invest about 450 billion won (US$417.8 million) to build a core parts producing plant in Mexico. Under a memorandum of understanding signed with the Mexican state government of Nuevo [...]
SEOUL, Korea, April 16, 2014 (Korea Bizwire) – The number of contract workers or temporary employees who are not guaranteed basic insurance benefits in Korea’s top-20 companies has surged last year while the number of full-time workers stayed at the same level. According to business planning reports from the local top-20 corporations, the total number of contract [...]
SEOUL, Korea, Dec 12 (Korea Bizwire) – On December 12th, Hyunday Mobis announced that it had recently finished its Active Seatbelt(ASB) development project and started commercializing ASBs by having them installed in new Genesis that was just released. ASB is a smart safety system designed to minimize the injuries of the passengers with a special [...]