SEOUL, Nov. 25 (Korea Bizwire) – Hyundai Motor and Kia Motors are expected to sell a record 8 million vehicles this year, an increase of 440,000 compared to 2013. The Hyundai Motor Group held an export expansion strategy meeting, which included the heads of major subsidiaries, on November 24. At the meeting, the group forecast that it would [...]
SEOUL, Nov. 16 (Korea Bizwire) — Of all registered executives of Korean publicly listed firms, Shin Jong-kyun, Samsung Electronics’ IT & mobile division president, was ranked as the highest paid executive for the first nine months of the year at 12 billion won (US$10.9 million). Chung Mong-koo, Hyundai Motor Group chairman, won the top position among [...]
SEOUL, Nov. 14 (Korea Bizwire) – Hyundai Motor Group plans to expand its green vehicle models by 2020. As part of its long-term plan, it will launch a new hybrid electric vehicle in competition with the Prius manufactured by Toyota. The auto maker announced on November 12 that it would increase the number of eco-friendly car [...]
SEOUL, Oct. 21 (Korea Bizwire) — Hyundai Motor Group announced on October 19 that it would open a “high-tech maintenance center” for commercial vehicles in the Daegu Seongseo Industrial Complex in Daegu City. The center, run from the following day, is planned to provide quick high-quality repair services with Hyundai commercial auto drivers in case of [...]
SEOUL, Oct. 16 (Korea Bizwire) – Hyundai Motor Group will raise a fund of 5 billion won (US$4.7 million) to help its second- and third-tier suppliers for raising the quality of auto parts to enhance competitiveness of the overall automotive industry in Korea. The fifth largest motor group in the world launched the second phase of [...]
SEOUL, Sep. 18 (Korea Bizwire) – Hyundai Motor Group has won one of the most high-profile real estate auctions in South Korea’s history. Korea Electric Power Corp said today the winner for the site of KEPCO’s headquarters, which is estimated to be worth over 3.33 trillion won (US$3.22 billion), is Hyundai Motor Group, which, according to local reports and sources, [...]
SEOUL, Aug. 12 (Korea Bizwire) – On August 10, Hyundai Motor Group announced that it would hold the Brilliant Korea Season 6, a trip event with a well-known person with various themes, which is including one trip in September and the other in this October. Since 2012, the company has provided a select number of people [...]
SEOUL, Aug. 7 (Korea Bizwire) – Hyundai Motor Group is set to launch new models to target both the global market as well as the local market in the second half of 2014. The company plans to use the new cars as a game changer in the markets which are full of challenges from other global [...]