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Hyundai Motor Group Faces Challenging 2017

Hyundai Motor Group Faces Challenging 2017

SEOUL, Dec. 23 (Korea Bizwire) – Executives from Hyundai Motor Group have expressed concerns for 2017, mainly from the stagnant global automotive industry and a strong comeback from Japanese automakers buoyed by the low Japanese yen.  During a seminar on Thursday outlining the global automotive industry prospects for 2017  hosted at company headquarters in southern [...]

Hyundai Ranks 10th in Corporate Social Responsibility in China

Hyundai Ranks 10th in Corporate Social Responsibility in China

SEOUL, Oct. 31 (Korea Bizwire) – Hyundai Motor Group is quickly expanding its Chinese operations, and along with it, its corporate social responsibilities. According to Beijing Hyundai Motor, a joint-venture between Beijing Automotive Group and Hyundai Motor Company, the Korean auto-group was given the highest CSR development index score this year among all automakers in [...]

Kia Expands its Grounds in Overseas Markets

Kia Expands its Grounds in Overseas Markets

SEOUL, Oct. 27 (Korea Bizwire) – Hyundai Motor Group affiliate Kia Motors is making rapid inroads in global automotive markets, introducing localized models, and broadening its eco-friendly product lines. The company announced on Thursday a 20.8 percent on-year increase in net profit for Q3.  According to Vice President Han Cheon-su, by 2018 Kia will launch [...]

Hyundai Motor Group Warned for Violating Cross Shareholdings Policy

Hyundai Motor Group Warned for Violating Cross Shareholdings Policy

SEOUL, May 20 (Korea Bizwire) – Hyundai Motor Group was warned by Korea’s Fair Trade Commission (FTC) on Thursday for missing the deadline for selling off its cross shareholdings. Hyundai and Kia acquired 8.81 million new shares after merging two of their subsidiary companies, Hyundai Steel and Hyundai Hysco, in July 2015. The additional shares [...]

Hyundai Motor Group to Develop Weaponized Vehicles

Hyundai Motor Group to Develop Weaponized Vehicles

SEOUL, May 16 (Korea Bizwire) – Hyundai Motor Group is extending its futuristic offerings beyond a recently-revealed wearable robot reminiscent of Iron Man. Following the latest photo releases of Iron Man look-a-like robot prototypes, Hyundai’s plans to develop advanced weaponry have also been revealed. The group’s subsidiaries, including Hyundai Motor, Kia Motor, Hyundai Mobis, Hyundai [...]

Hyundai Motor Group Forecast to Hire over 10,000 Workers this Year

Hyundai Motor Group Forecast to Hire over 10,000 Workers this Year

SEOUL, Feb. 15 (Korea Bizwire) – Hyundai Motor Group is expected to recruit more than 10,000 workers this year in line with its long-term employment strategy, industry and company sources said Monday. The recruitment plan follows 9,500 workers recently employed by South Korea’s second-largest conglomerate, which holds Hyundai Motor Co. and Kia Motors Corp. under [...]

Hyundai Motor Group Ordered to Cut Cross-Shareholding Ties

Hyundai Motor Group Ordered to Cut Cross-Shareholding Ties

SEJONG, Dec. 30 (Korea Bizwire) – South Korea’s antitrust watchdog said Wednesday that it has ordered Hyundai Motor Group to resolve cross-shareholding ties derived from an intra-group merger and acquisition (M&A) between its two steelmaking units, amid the agency’s recent push to break the cobweb-like shareholding structures of conglomerates. Hyundai Steel Co. was merged with [...]