SEOUL, Nov. 8 (Korea Bizwire) – The domestic wage deal between Hyundai Motor Company and its labor union has been settled for the time being, but the burden of personnel expenses continue to stranglehold the automaker, even in its overseas operations. According to Hyundai and U.S. media reports, production workers at Hyundai Motor Manufacturing Alabama [...]
SEOUL, Nov. 1 (Korea Bizwire) – Two Hyundai Motor Group affiliates – Hyundai Motor Company and Kia Motors – unveiled their latest project on Monday, the development of an exclusive operating system for connected cars dubbed the Connected Car Operating System (ccOS). The new operating system is a software platform that will have the capacity [...]
SEOUL, Oct. 19 (Korea Bizwire) – Hyundai Group affiliates Hyundai Motor Company and Kia Motors are rapidly expanding their Chinese operations, and their latest strategy is to target young consumers with green vehicles and SUVs. The Chinese government has grown more sensitive to environmental concerns in recent years, and has set out various policies to [...]
SEOUL, Sept. 29 (Korea Bizwire) – Members of the joint council for small and medium-sized enterprises, which represents 15 of Korea’s SME societies, gathered for a press conference Wednesday denouncing the prolonged strike by Hyundai Motor’s labor union, and expressing their will to boycott the automaker if the situation continues. It marked the first time [...]
ULSAN, Sept. 23 (Korea Bizwire) – Unionized workers of Hyundai Motor Company, perhaps Korea’s most powerful labor union with more than 48,000 members, announced that they will take advantage of the ‘laborer right to evacuate’ in case of future earthquakes. Korea suffered a record 5.8-magnitude earthquake on September 12, which was followed by hundreds of [...]
SEOUL, Sept. 19 (Korea Bizwire) – Korea’s largest shopping complex, Starfield Hanam, which opened to public on September 9, has become a new battleground for carmakers. Two automakers currently operate stores on the 460,000-square-meter premises: Hyundai Motor Company and BMW. While Hyundai stands as a symbolic figure of Korea’s automotive industry, BMW is currently the leading [...]
SEOUL, Jan. 28 (Korea Bizwire) — Hyundai Motor Company is teaming up with Baidu, China’s largest Internet portal, to venture into one of the most promising fields in the global automotive market: the connected car business. The Seoul-based car manufacturer announced on January 27 that China’s top search engine would participate in efforts to sell cars [...]
SEOUL, Oct. 6 (Korea Bizwire) – Hyundai Motor Company has begun taking preorders for its new strategic concept sedan “Aslan” which will hit the road starting end of October. Aslan, which means a lion in Turkish, straddles Hyundai’s flagship premium sedans of Grandeur and Genesis targeting potential consumers in their 40s and 50s — for them the latter [...]