SEOUL, Sept. 23 (Korea Bizwire) — Hyundai Motor is making inroads into Europe’s most competitive markets, including France, Germany and the United Kingdom, where local and German brands have long dominated. The push is fueled by the popularity of its affordable Inster electric vehicle — sold in Korea as the Casper EV — and steady demand [...]
SEOUL, Jan. 30 (Korea Bizwire) — South Korean auto reporters on Wednesday picked Hyundai Motor Co.’s flagship Palisade SUV as the Car of the Year, giving high marks for quality and affordable price. The Korea Automobile Journalists Association (KAJA) has named the Hyundai Palisade SUV as the top-rated car in two categories — the [...]
SEOUL, Jan. 24 (Korea Bizwire) — Hyundai Motor Co. said Thursday it shifted to a net loss for the October-December quarter as a strong Korean currency and weak sales in major markets cut into its bottomline. For the three months that ended on Dec. 31, Hyundai swung to a net loss of 203.3 billion won [...]
SEOUL, Sept. 12 (Korea Bizwire) — South Korea will draw up a comprehensive road map on developing the hydrogen industry by the end of the year to foster the emerging sector and reduce air pollutants, the industry ministry said Wednesday. The Ministry of Trade, Industry and Energy said it will set policy goals for hydrogen [...]
SEOUL, Feb. 5 (Korea Bizwire) — E-Mart, South Korea’s biggest discount store chain operator, topped other businesses by recruiting the largest number of new employees over the past five years, a local think tank said Sunday. In a survey carried out on the country’s top 30 conglomerates’ affiliates which employ more than 300 people, E-Mart [...]
SEOUL, Dec. 5 (Korea Bizwire) – Workers at Hyundai Motor Co. will stage a partial strike at the carmaker’s main domestic plants this week in a push for higher wages and bonuses, the union said Tuesday. Hyundai’s 51,000-member union will go on strike for four to six hours Tuesday through Friday at five plants in Ulsan, 414 kilometers south of Seoul, as the union seeks to pressure the company to accept their demands in this year’s wage negotiations, [...]
SEOUL, Sept. 11 (Korea Bizwire) – Hyundai Motor Co. and its affiliate Kia Motors Corp., South Korea’s two biggest carmakers, will temporarily shut down their plants in the United States to avoid any damages from Hurricane Irma, the companies said Monday. Hyundai Motor will suspend operation of its Alabama plant for two days from 4:45 [...]
SEOUL, July 24 (Korea Bizwire) – South Korea’s top mobile messenger operator Kakao Corp. said Monday it has joined forces with the country’s leading automaker Hyundai Motor Co. and its sister company Kia Motors Corp. to develop Artificial Intelligence (AI) technology. Under the agreement, the automakers will implement server-based speech recognition technology into the Genesis [...]
SEOUL, July 21 (Korea Bizwire) – Hyundai Rotem Co., the train manufacturing affiliate of Hyundai Motor Group, said Friday it has won two separate orders worth 220 billion won (US$196 million) to build subway trains for Seoul’s metro company. The company said in a statement it received a 176 billion-won order from Seoul Metro to [...]
SEOUL, July 18 (Korea Bizwire) – Hyundai Motor Co. on Tuesday added the Sonata plug-in hybrid to its lineup in a move to absorb growing demand for environment friendly vehicles. As the government moves to implement stricter regulations against fine dust-emitting vehicles centered generally around diesel cars, automakers are making an effort to highlight their [...]