SEOUL, March 13 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor and its sister affiliate Kia Motors raised sales of localized car models in overseas markets such as Brazil by more than 25 percent in the first two months of the year from a year ago, industry data showed Friday. The number of localized models [...]
SEOUL, March 11 (Korea Bizwire) – Hyundai Motor has decided to lower financing rates by one percentage point for all of its models to boost its Korean sales. Last year, Hyundai Motor Group’s market share, including Kia Motors, fell below the 70 percent mark for the first time since 1998 due to strong competition from foreign [...]
SEOUL, March 10 (Korea Bizwire) – Hyundai Motor announced on March 20 that more than 4,000 orders have been made for the latest edition of the Tucson SUV since South Korea’s leading carmaker began receiving preorders last week. A total of 4,200 units of the all-new Tucson were sold via early orders as of March [...]
SEOUL, Feb. 18 (Korea Bizwire) – Hyundai Motor Co. on Wednesday unveiled the images of the all-new Tucson SUV ahead of an upcoming European motor show. The Tucson, to be showcased at the Geneva Motor Show that kicks off on March 3, is tailored to meet European consumer demands with updated features and design, South [...]
ULSAN, Feb. 12 (Korea Bizwire) — A local court on Thursday ruled in favor of the Hyundai Heavy Industries‘ union, ordering the company to count regular bonuses as base pay. Ten unionized workers at the world’s largest shipbuilder had filed a lawsuit against the company early last year, claiming regularly paid bonuses should be included [...]
SEOUL/SEJONG, Feb. 9 (Korea Bizwire) – South Korea’s tax earnings from the country’s 30 largest conglomerates are expected to shrink 15 percent this year, economic sources said Monday, as the business community claims rates are already high for a trade-dependent nation. Official data by Financial Supervisory Service (FSS) and corporate tracker Chaebul.com said the business groups [...]
SEOUL, Feb. 7 (Korea Bizwire) – A gas station worker in South Korea has been killed by a vehicle in what might be an “abrupt acceleration” accident, police said Saturday. (the related video is available on SBS video clip) The person, intensified by his surname Kim, was hit at around 3 p.m. on Friday by [...]
SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Motor Group, the world’s No. 5 auto conglomerate, said Wednesday its January sales in the United States reached an all-time high, giving hope that its affiliate duos may continue to do well following favorable results for the U.S. market last year. Hyundai Motor America and Kia Motors America, [...]
SEOUL, Feb. 2 (Korea Bizwire) – South Korea’s top carmaker Hyundai Motor Co. said Monday it plans to lower the price of its hydrogen-powered Tucson ix in Europe, a move that could boost its sales against overseas rivals in the green car market. “The timing and other details of the markdown are not yet decided [...]
SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Group, the world’s fifth-largest automotive conglomerate, proposed building a 115-story structure on the land it bought from Korea Electric Power Corp. (KEPCO) last year, Seoul city officials said Sunday. The building planned by the group would be 571 meters tall and have a floor area ratio of [...]