SEOUL, Dec. 29 (Korea Bizwire) — Hyundai Motor Group has formulated a plan to help small merchants that are suffering from the prolonged COVID-19 pandemic as part of its social contribution program ‘Gift Car.’ The group announced on Tuesday that it will launch the ‘Gift Car On Air’ campaign to help small businesses typically accustomed [...]
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 [...]
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, [...]
SEOUL, Sept. 21 (Korea Bizwire) — The market value of South Korean auto giant Hyundai Motor Group has recovered to the 100 trillion-won (US$85.9 billion) level after more than 28 months thanks to brisk sales of hydrogen and electric vehicles, data showed Monday. The total market capitalization of Hyundai Motor Co. and 11 other listed [...]
SEOUL, Jan. 30 (Korea Bizwire) — Hyundai Motor Group’s three key affiliates posted stellar performance last year with their operating profit jumping 44 percent on a weak won and robust sales of sport-utility vehicle models. For the whole of 2019, Hyundai Motor Co., Kia Motors Corp. and auto parts maker Hyundai Mobis Co. posted a [...]
SEOUL, Sept. 4 (Korea Bizwire) — Hyundai Motor Group, South Korea’s top automotive group, said Wednesday it has developed a wearable robot to assist industrial workers. The group, which has Hyundai Motor Co. and Kia Motors Corp. under its wing, introduced Vest EXoskeleton (VEX), a wearable robot designed to help those who spend long hours [...]
SEOUL, Mar. 10 (Korea Bizwire) — Hyundai Motor Group is moving toward joint development of its new headquarters as a way to save money that can be used in future-oriented research and development (R&D) efforts, industry sources said Sunday. Observers said the world’s fifth-largest automotive conglomerate by sales is exploring the creation of a special [...]
SEOUL, May 16 (Korea Bizwire) — A man who stopped an unconscious driver’s moving car on a major highway with his own has received media attention and praise from many people for preventing a bigger tragedy that could have taken many lives on the road last week. Hyundai Motor Group first offered to repair the [...]
SEOUL, April 27 (Korea Bizwire) – Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., on Friday reiterated its demand for a holding company structure for Hyundai Motor Group. In a statement, the U.S. fund called on the Korean automotive group to merge Hyundai Motor Co. and Hyundai Mobis Co. into [...]
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 [...]