“The target customers for the newly introduced Aslan are those potential buyers in their 40s and 50s who seek smarter and more reasonable consumption. We rolled out the brand-new model as many customers wanted quieter and wider interior space with front-wheel drive.” “It seems the high-end automobile market has moved too far toward rear-wheel drive [...]
SEOUL, Nov. 1 (Korea Bizwire) – Hyundai Motor said on October 31 that it would open “Aslan Space,” a special limited-time exhibition space, to allow visitors to experience the performance of the Aslan in five locations across the country including the Dongdaemun Design Plaza in downtown Seoul for six days between November 1 and 6. To the [...]
SEOUL, Oct. 20 (Korea Bizwire) — A parliamentary investigation disclosed that the volume of earned surplus stocked up by large corporations has increased at a fast pace for the past few years. According to Congressman Lee Jong-kul (New Politics Alliance for Democracy) on October 18 based on data submitted by the Financial Supervisory Service, the [...]
SEOUL, Oct. 18 (Korea Bizwire) –Hyundai Motor Group paid a total of 880 million won (US$828,000) to its archery team members who won medals in the 2014 Incheon Asian Games. The automotive group, jointly with the Korea Archery Association, held an award giving ceremony on October 17, with 30 participants, including nine archers who won [...]
SEOUL, Oct. 7 (Korea Bizwire) – Korea’s 16 major corporations, including Samsung Electronics and Hyundai Motor, plan to carry out investment projects worth 28.4 trillion won (US$26.6 billion) from the second half of this year to next year. The Ministry of Trade, Industry and Energy held a meeting with CEOs of the nation’s 16 major companies [...]
SEOUL, Sept. 27(Korea Bizwire) – With a brand-new commercial vehicle model, Hyundai Motor is eying to hit the European market. Hyundai Motor revealed its strategic large van model H350 at the IAA Commercial Vehicles show in Hanover, Germany, on September 24, aiming to advance into the European commercial vehicle market. Hyundai’s H350 is sized between 12-seater Starex and [...]
SEOUL, Sept. 18 (Korea Bizwire) — As Hyundai Motor‘s compact sedan Avante (Elantra in the U.S.) is expected to reach 10 million sales mark this month, the largest automaker in Korea launched a special promotional event in token of appreciation for its customers. The event features the customers’ field trips to Hyundai’s manufacturing facilities located in [...]
![[Quote] “Secure Foothold in New Markets through Localization Strategy”…Hyundai Chairman](http://koreabizwire.com/wp/wp-content/uploads/2014/09/Chung-Mong-koo-chairman-of-Hyundai-Motor-Group.jpg "[Quote] “Secure Foothold in New Markets through Localization Strategy”…Hyundai Chairman")
“The Turkish plant was reborn last year as an important production base for the whole group to spearhead the entry into the European market. As localization has deepened in the areas of development, production, and sales, we must do our best to become a brand loved by European customers.” “With the plants in India and [...]
SEOUL, Aug. 26 (Korea Bizwire) — Hyundai Motor announced on August 25 that it has decided the name for the new-concept premium sedan which is planned to be launched in the latter half of the year, as “Aslan.” “Aslan,” which means lion in Turkish and the name of the main character in C. S. Lewis’s The Chronicles of [...]
SEOUL, Aug. 13 (Korea Bizwire) — Hyundai Motor decided to make voluntary compensation amid the controversy for its mileage exaggeration on its Santa Fe mid-size crossover model. On August 12, Hyundai released a statement saying that it will alter the standard mileage of the Santa Fe 2.0-liter Diesel 2WD AT model from 14.4 kilometers per liter to [...]