SEOUL, June 16 (Korea Bizwire) — For the second year running, Hyundai Motor Group has taken the crown as the top-performing global automotive group in the U.S. Insurance Institute for Highway Safety’s (IIHS) annual crash safety evaluations—a testament to the company’s deepening commitment to vehicle safety in an increasingly competitive and regulated market. This year, the [...]
SEOUL, May 26 (Korea Bizwire) — Hyundai Motor Group said Monday it has established its third startup investment fund to support innovative venture companies with cutting-edge technologies and ideas. The group’s third fund under its ZER01NE accelerator program has been set up at a scale of 125 billion won (US$91.4 million), with financial participation from [...]
WASHINGTON, March 24 (Korea Bizwire) — Hyundai Motor Group is set to unveil a $20 billion investment plan in the United States, marking the largest commitment by a South Korean company since the start of Donald Trump’s second presidential term. According to reports from Reuters and CNBC, the announcement will be made later Monday at the [...]
SEOUL, Jan. 9 (Korea Bizwire) — Hyundai Motor Group has unveiled plans for its largest-ever annual domestic investment of 24.3 trillion won while preparing for significant global investments to address the anticipated protectionist policies of Donald Trump’s second U.S. administration. Focus on U.S. Investments Amid Changing Trade Landscape Hyundai has already committed nearly $18 billion to [...]
SEOUL, Jan. 5 (Korea Bizwire) — Hyundai Motor Group reported its highest-ever annual sales in the United States last year, cementing its position as the fourth-largest automaker in the market for the second consecutive year. The group, which includes Hyundai, Kia, and the luxury Genesis brand, sold 1,708,293 vehicles in the U.S. in 2024, a [...]
SEOUL, Jul. 9 (Korea Bizwire) – Hyundai Motor Group has released a poignant campaign video titled “Four-Six, Four-Seven,” showcasing the story of hydrogen electric buses designed to support firefighters’ recovery, the company announced on July 8. The campaign is part of Hyundai’s ongoing collaboration with the National Fire Agency and Jeju Province to donate hydrogen electric [...]
SEOUL, Jun. 28 (Korea Bizwire) — Hyundai Motor Group said Friday it has ranked first place overall in the J.D. Power 2024 U.S. Initial Quality Study for vehicles sold in America. This year’s survey was conducted on 99,144 customers who purchased new vehicles between April 2023 and February with a questionnaire consisting of 227 items. [...]
SEOUL, June 17 (Korea Bizwire) – A new car manufacturing plant by Hyundai Motor Co., South Korea’s largest automaker, under construction in the U.S. state of Georgia will prioritize producing electric vehicles despite a temporary fluctuation in market demand, the company’s CEO said Monday. “Even though the demand for electric vehicles is temporarily fluctuating more [...]
SEOUL, June 14 (Korea Bizwire) – The Hyundai Motor Group is venturing into the culinary world by opening a Korean restaurant in Singapore, in collaboration with Michelin-starred chef Corey Lee. Set to open on June 15, the restaurant, named Naoh, which means “to come out” in Korean, will be located on the third floor of Hyundai [...]
SEOUL, Apr. 2 (Korea Bizwire) – Hyundai Motor Group has become the largest shareholder of a leading mobile carrier, KT Corp., the communications service provider said Tuesday in a regulatory filing. Hyundai’s status as the largest shareholder, however, requires approval from the science ministry. The change came as the National Pension Service, previously the largest [...]