SEOUL, July 31 (Korea Bizwire) – A study said the average tenure of top-30 group CEOs is only 2.6 years. According to CEO Score, a website tracking corporate performances, based on a survey on 576 former professional CEOs except those related with owner families who were hired since January 1, 2000, the average lifespan of these corporate [...]
FOUNTAIN VALLEY, Calif., July 23 (Korea Bizwire) – J.D. Power designated 2014 Accent as its most appealing small car in its 2014 Automotive Performance, Execution and Layout (APEAL) Study released today. Hyundai is also the highest-ranked non-premium brand in the J.D. Power 2014 Initial Quality StudySM (IQS), marking the first time a nameplate has ranked [...]
SEOUL, July 18 (Korea Bizwire) — The site of the former headquarters building of Korea Electric Power Corp. in Seoul’s Gangnam will be up for sale and it remains to be seen who will take the land plot considered one of the best locations in Seoul. In addition, overseas real estate groups such as China’s Greenland Holding [...]
SEOUL, July 4 (Korea Bizwire) – While Korea’s large business groups like Samsung, Hyundai and SK gained about half its sales from overseas markets, their domestic sales decreased 5 percent and their portion fell 2 percentage points respectively last year. According to a recent survey conducted by CEO Score investigating the business performances of the nation’s [...]
SEOUL, June 30 (Korea Bizwire) – Hyundai Motor has joined hands with college students to beautify Seoul. The auto maker said on June 29 that it signed an agreement with the Association Student Ambassadors-Korea (ASA-K) and the Seoul Metropolitan City Government on the 27th at the City Hall in a bid to make the nation’s capital [...]
SEOUL, June 7 (Korea Bizwire) – Recognized for its supremacy in quality management in Russian operation, Hyundai Motor Manufacturing Russia (HMMR) has won the Quality Award from the Russia Federation Government. Hyundai Motor Company has announced that HMMR, its manufacturing unit located in Russia which specializes in the production of popular automotive models in Russia, [...]
FOUNTAIN VALLEY, Calif., June 5 (Korea Bizwire) – Fifty well-established charity golf tournaments around the country will add a Hyundai sponsorship this year. Through the Hyundai Invitational golf tournament series, these 50 events will receive a premium Hyundai experience, including hole-in-one opportunities for the all-new Genesis sedan, donations toward the tournament and numerous other prizes and [...]
SEOUL, May 26 (Korea Bizwire) – The Korean economy is in trouble because of the strengthening won vis-à-vis the U.S. dollar. For years most exporters have been too complacent under the regime of a weak won that granted them easy access to overseas markets. Even some analysts suggest that the won-dollar exchange rate may fall [...]
SEOUL, May 22 (Korea Bizwire) – A study said the total amount of penalties and punitive charges imposed on Korea’s top-30 business groups for the past three years surpassed 2 trillion won. By amount, LG Group topped the list with almost 40 percent in the total. In terms of the number of cases, Samsung Group was ranked [...]
DALLAS, April 30, 2014 (Korea Bizwire) – The all-new 2015 Hyundai Genesis has been named the 2014 “Car of Texas” by the Texas Auto Writers Association (TAWA), one of the largest and most respected media associations in the U.S. Issued at the annual Texas Auto Roundup at the iconic Texas Motor Speedway, the award is the [...]