SEOUL, Dec. 18 (Korea Bizwire) — Hyundai Motor Co. announced on Monday that it has developed the world’s first fingerprint recognition feature for automobiles. The company will first launch the system on the new Santa Fe, which will be introduced in China in the first quarter of next year, after which the feature will be [...]
SEOUL, Dec. 18 (Korea Bizwire) — The construction of Hyundai Motor Group’s new Global Business Center (GBC) is expected to be fast-tracked after the government indicated it would accelerate deliberations related to the project in its economic policy direction for next year. The government said deliberations on Hyundai Motor’s GBC project, which will be built [...]
SEOUL, Dec. 11 (Korea Bizwire) — Hyundai Motor Group and its suppliers will collectively invest 7.6 trillion won (US$6.7 billion) in hydrogen fuel cell electric car-producing facilities and related R&D activities by 2030, the company said Tuesday. Under the so-called hydrogen road map, the business group and 124 partner companies will invest in a plant [...]
SEOUL, Dec. 9 (Korea Bizwire) — Sales of eco-friendly cars made by Hyundai Motor Co. and its sister company Kia Motors Corp. jumped 2.1-fold in the first 11 months of this year, on strong domestic and overseas demand, industry data showed Sunday. The two flagship companies of Hyundai Motor Group, the world’s fifth largest automotive [...]
ULSAN, Dec. 6 (Korea Bizwire) — Unionized workers at Hyundai Motor and affiliated Kia Motors staged a partial strike on Thursday in protest of Hyundai’s possible involvement in the Gwangju job project initiated to create thousands of new low-paying jobs to help fight unemployment in provincial areas. About 80,000 Hyundai and Kia workers — 51,000 [...]
GWANGJU, Dec. 5 (Korea Bizwire) — The Gwangju job project, intended to create thousands of new low-paying jobs to help fight unemployment in provincial areas, appears to have hit a snag in the face of resistance from laborers, officials said Wednesday. The project calls for Hyundai Motor to build a new assembly plant in Gwangju, [...]
SEOUL, Nov. 28 (Korea Bizwire) — Spreading protectionism and a relatively weak sport-utility vehicle lineup will remain major challenges confronting Hyundai Motor Co. next year, experts here said Wednesday. The trade tariff dispute between the United States and China will be one of the most pressing challenges for carmakers around the world going forward, unless [...]
SEOUL, Nov. 7 (Korea Bizwire) — Hyundai Motor Co. announced on Tuesday the launch of Hyundai Cradle Tel Aviv, an open innovation center, in Israel. Hyundai Cradle will begin making strategic investments in AI startups in Israel and will engage with companies possessing cutting-edge technology. Hyundai Cradle is Hyundai Motor’s third global open innovation center [...]
SEOUL, Nov. 6 (Korea Bizwire) — Hyundai Motor Co. and sister Kia Motors Corp., South Korea’s two leading automakers, are expected to undershoot their sales target this year in light of weak track records so far, industry sources said Tuesday. Hyundai and Kia sold a combined 6.09 million vehicles in the first 10 months of [...]
SEOUL, Nov. 1 (Korea Bizwire) — Hyundai Motor Co. and SK Networks Co. have joined hands to create new infrastructure for the establishment of an electric car charging station. Hyundai revealed yesterday that it had signed an MOU with SK Networks that would make this possible. According to the MOU, Hyundai will develop high-speed electric [...]