Hyundai Motor Co. Archives | Be Korea-savvy
Hyundai Workers to Stage Strike This Week in Push for Higher Wages

Hyundai Workers to Stage Strike This Week in Push for Higher Wages

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, [...]

Kakao Collaborates with Hyundai, Kia to Develop AI Tech

Kakao Collaborates with Hyundai, Kia to Develop AI Tech

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 [...]

Hyundai’s Sonata Plug-in Hybrid Goes on Sale

Hyundai’s Sonata Plug-in Hybrid Goes on Sale

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 [...]

Moody’s Maintains Hyundai’s Rating Despite Weak Q1 Results

Moody’s Maintains Hyundai’s Rating Despite Weak Q1 Results

SEOUL, April 27 (Korea Bizwire) – Global ratings agency Moody’s Investors Service said Thursday it will maintain the current Baa1 rating for Hyundai Motor Co., South Korea’s top automaker, despite its weak first-quarter earnings. On Wednesday, the carmaker reported a 21-percent on-year drop in first-quarter net profit due to weak sales in China and emerging [...]