SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, will build a welfare center in Vietnam by donating 600 million won (US$524,000) to a local fundraising agency, a company official said Friday, the latest in a series of global corporate social responsibility activities. The center — to involve the remodeling of [...]
SEOUL, Oct. 28 (Korea Bizwire) – Hyundai Motor Co. is recalling nearly 24,000 vehicles sold here for sunroof-related issues while BMW will recall over 21,000 cars over problems related to the fuel injector and airbags, the transportation ministry said Friday. Hyundai Motor, South Korea’s top automaker, is recalling certain model years of the LF Sonata [...]
SEJONG, Oct. 26 (Korea Bizwire) – South Korea’s passenger car exports slumped 17.4 percent in the third quarter of 2016 from a year earlier due mainly to contracted world demand and partial strikes at local carmakers, customs data showed Wednesday. The total value of exported vehicles reached US$7.23 billion in the July-September period, down from [...]
SEOUL, Oct. 21 (Korea Bizwire) – A Seoul district court on Thursday ruled against a group of 1,890 consumers who have filed a class-action lawsuit against Hyundai Motor Co. over the alleged exaggeration of the gas mileage of an SUV made by the country’s No. 1 automaker. The Seoul Central District Court said that as [...]
SEOUL, Oct. 19 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. are apparently moving to further boost their combined market share with a series of new vehicle models set to be launched starting next month, company officials said Wednesday. The first of the new vehicles will [...]
SEOUL, Oct. 18 (Korea Bizwire) – South Korea’s top automotive group Hyundai Motor Group will work to expand its presence in the Chinese market with its overall production capacity there expected to reach 2.7 million vehicles per year in 2018, the automaker said Tuesday. The plan was announced at a ceremony, marking the construction of [...]
SEOUL, Oct. 17 (Korea Bizwire) – The public image of Hyundai Motor has really taken a blow this time. Despite already pulling in some of the highest salaries in the country at an average of 90 million KRW per year, the labor union has asked for more. Even the President of Korea criticized the union [...]
SEOUL, Oct. 10 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, has recently seen its market value fall two notches to the No. 5 spot amid concerns over poor third-quarter earnings in the wake of a strike and a strong local currency. The market capitalization of Hyundai Motor, the flagship of the country’s [...]
SEOUL, Oct. 6 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. said Thursday that it has signed a deal with a taxi service company in Singapore to supply up to 3,500 i40 vehicles by the end of next year. The latest deal signed with Singapore’s ComfortDelgro Corp. marks the largest of its kind [...]
SEOUL, Oct. 5 (Korea Bizwire) – Unionized workers at the Hyundai Motor Group threatened Wednesday to stage a general strike if the government invokes its right to emergency arbitration to order workers at South Korea’s No. 1 carmaker to return to work, sources said. The move came after Labor Minister Lee Ki-kweon said last week [...]