SEOUL, April 28 (Korea Bizwire) — The South Korean government on Thursday ordered Hyundai Motor Co. and its smaller affiliate Kia Corp. to delay their plans to enter the used car market by one year to minimize the impact of their advance on existing players. In March, the Ministry of SMEs and Startups decided not [...]
SEOUL, April 25 (Korea Bizwire) — Hyundai Motor Co. said Monday its first-quarter net profit rose 17 percent from a year earlier as an improved product mix and a weak won helped offset the impact of chip shortages. Net profit for the three months ended in March rose to 1.78 trillion won (US$1.42 billion) from [...]
SEOUL, April 22 (Korea Bizwire) — Hyundai Motor Group said Friday it has received 17 awards at this year’s International Forum (iF) Design Award competition, proving the “excellence” of the South Korean carmaker’s models. Hyundai Motor Co., Hyundai’s independent Genesis brand and Hyundai’s smaller affiliate Kia Corp. obtained 17 awards in the five categories of [...]
SEOUL, April 22 (Korea Bizwire) — Hyundai Motor Co. has introduced a new program to support senior employees who want to look for new career opportunities after early retirement. The South Korea’s leading carmaker recently started operating a Career Consulting Service (CCS) program targeting employees over 50 who want to change jobs or careers, according [...]
SEOUL, April 19 (Korea Bizwire) — Hyundai Motor Co. is set to launch into a community-based non-fungible token (NFT) market. The South Korean auto giant on Monday disclosed the “Metamobility Universe” video that introduces its own NFT concept through YouTube. In collaboration with a popular NFT character “Meta Kongz,” the company plans to issue 30 [...]
SEOUL, April 14 (Korea Bizwire) — Hyundai Motor Co.’s IONIQ 5 has been named World Car of the Year at the 2022 World Car Awards, beating models from sister brand Kia Corp. and Ford Motor Co. to claim the overall crown. The all-electric crossover beat Kia’s EV6 pure electric sedan and Ford’s Mustang Mach-E SUV. [...]
SEOUL, April 13 (Korea Bizwire) — South Korea’s Hyundai Motor Co. said Wednesday it will invest 370 billion won (US$300 million) in its U.S. plant to begin the production of environment friendly vehicles there later this year. Hyundai Motor will upgrade the existing assembly lines of its Alabama plant for the production of the Santa [...]
SEOUL, April 13 (Korea Bizwire) — Hyundai Motor Group Chairman Euisun Chung won the Visionary of the Year at the inaugural Newsweek World’s Greatest Auto Disruptors Award event, the company said Wednesday. The Visionary of the Year award is given to a leader who is taking significant actions to shape the future of the automotive [...]
SEOUL, April 13 (Korea Bizwire) — Hyundai Motor Group launched a new service that enables users to open and start a car even if they just have their smartphone in a bag or pocket. The South Korean auto giant announced that it recently launched a non-contact “Digital Key 2″ service using ultra-wideband (UWB) technology. Starting [...]
SEOUL, April 12 (Korea Bizwire) — Hyundai Motor Group has developed an electric vehicle (EV) charging service platform that will be installed in the company’s future super-speed charging stations. The South Korean automaking titan announced on Monday the development of E-pit Charging Service Platform (E-CSP), a charging platform for EVs. E-CSP consists of a control [...]