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Hyundai Motor’s Plan for New Global Business Center at Crossroads

Hyundai Motor’s Plan for New Global Business Center at Crossroads

SEOUL, Jan. 18 (Korea Bizwire) — With increasing uncertainty in the automotive industry as the pandemic drags on, Hyundai Motor Group is facing a dilemma over the construction of its planned Global Business Center (GBC), a life’s dream for honorary chairman Chung Mong-koo. The world’s fifth-largest automotive group is currently split over whether to build [...]

Hyundai Motor Group’s Eco-friendly Car Sales Jump 36 pct in 2020

Hyundai Motor Group’s Eco-friendly Car Sales Jump 36 pct in 2020

SEOUL, Jan. 17 (Korea Bizwire) — Hyundai Motor Group’s environment-friendly vehicle sales in the global market jumped 36 percent to over 500,000 units in 2020 from a year earlier, industry data showed Sunday. Hyundai Motor Co., South Korea’s top automaker, and its affiliate Kia Motors Corp. sold a total of 501,487 units of eco-friendly models, [...]

Hedge Fund’s Demands of Hyundai “Unfair”

Hedge Fund’s Demands of Hyundai “Unfair”

SEOUL, Apr. 27 (Korea Bizwire) — Kim Sang-jo, the director of the Fair Trade Commission, in response to American activist fund Elliott Management Corp.’s call to restructure Hyundai Motor Group, stated that “following such demands would be going against antitrust laws.” Kim also said that Elliott’s demands were “unfair” during the Asia Future Enterprise Forum [...]

Hyundai Glovis Wins 1.42 Tln Won Orders

Hyundai Glovis Wins 1.42 Tln Won Orders

SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Glovis Co., the auto freight unit of South Korea’s Hyundai Motor Group, said Friday that it has secured 1.42 trillion won (US$1.3 billion) in orders to ship vehicles built by Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. Under the two separate deals, Hyundai Glovis said [...]