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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 [...]

Hyundai Bets on Rising Demand in Emerging Markets amid THAAD Row

Hyundai Bets on Rising Demand in Emerging Markets amid THAAD Row

SEOUL, April 28 (Korea Bizwire) – Hyundai Motor Group, South Korea’s top automotive conglomerate, is betting that rising demand in emerging markets will offset sales declines in China amid a row over the deployment of an anti-missile system, corporate sources said Friday.  Hyundai Motor Co. and its affiliate Kia Motors Corp. plan to launch new [...]

Hyundai Motor Plans to Build S. Korea’s Tallest Building in Seoul

Hyundai Motor Plans to Build S. Korea’s Tallest Building in Seoul

SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Group’s new headquarters building to be constructed in southern Seoul by 2021 will be the country’s tallest, a district office said Wednesday.  Its draft document for environmental impact assessment submitted to the Gangnam Ward Office showed that the main building of the planned Global Business Center (GBC) [...]

Hyundai Motor Says “May Consider” Expanding U.S. Factory, but Only If Necessary

Hyundai Motor Says “May Consider” Expanding U.S. Factory, but Only If Necessary

SEOUL, Jan. 17 (Korea Bizwire) – South Korea’s largest automaker Hyundai Motor Group may consider building additional production facilities in the United States, but only when or if a future rise in demand there requires it to do so, group officials said Tuesday.  The remarks came after foreign news outlets, citing Hyundai Motor Group President [...]