ULSAN, Oct. 5 (Korea Bizwire) – Unionists of Hyundai Motor Co. said Tuesday they will not stage a walkout this week, although their senior members will continue protesting against the management over wage deals. The unionized workers at South Korea’s top automaker said they will not lay down their tools until next Tuesday. However, they [...]
SEOUL, Sept. 27 (Korea Bizwire) – Carmakers in South Korea saw their overseas production exceed domestic output in the first eight months of this year, industry data showed Tuesday, as local automakers have built more assembly lines in foreign countries in recent years. Seven carmakers, including top automaker Hyundai Motor Co. and its sister company [...]
ULSAN, Sept. 26 (Korea Bizwire) – Unionists of Hyundai Motor Co. went on their first full strike in 12 years Monday after rejecting a previously offered compromise on wage hikes. Assembly lines at the nation’s largest automaker were halted at 6:45 a.m., the start of the morning shift. The last time that the Hyundai union [...]
SEOUL, Aug. 5 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. plans to open two showrooms just southeast of Seoul next month in a bid to brace for U.S. electric car maker Tesla Motors Inc.’s entry into the local market, industry sources said Friday. Tesla is set to launch its first South Korean [...]
PYEONGCHANG, South Korea, July 29 (Korea Bizwire) – Hyundai Motor Co., South Korea’s largest automaker, on Friday said it plans to release its new hydrogen-powered cars in 2018. The second-generation hydrogen fuel cell cars are set to debut in February 2018, when South Korea’s alpine city of PyeongChang hosts the Winter Olympics, the carmaker said. [...]
SEOUL, Jul. 19 (Korea Bizwire) — Unionized workers at Hyundai Motor Co., South Korea’s top automaker, are set to walk off the job for four hours on Tuesday demanding a pay raise and better working conditions. Last week, a majority of the automaker’s some 48,000 unionized workers voted for a strike as their talks with [...]
SEOUL, Jul. 18 (Korea Bizwire) — Hyundai Motor Co., South Korea’s dominant automobile maker, will step up efforts to expand infrastructure for electric vehicle (EVs) use by local drivers, as it aims to sell at least 4,800 Ioniq Electric units in the country this year alone, company officials said. “We plan to launch a mobile [...]
SEOUL, June 26 (Korea Bizwire) – South Korea’s major automobile manufacturers are all set to make a big splash in global eco-friendly vehicle markets in the coming months, local industry sources said Sunday. Hyundai Motor Co. plans to begin the sale of the Ioniq hybrid in the United States and Europe in the latter half [...]
SEOUL, June 20 (Korea Bizwire) – With the vacation season just around the corner, drivers must be cautious of becoming drowsy behind the wheel when travelling long distances. According to statistics collected by law enforcement agencies, drowsy driving is one of the biggest causes of automobile accidents, and there were 2,701 cases that occurred last year [...]
SEOUL, May 23 (Korea Bizwire) – The prolonged economic slowdown and corporate restructuring have pushed some of Korea’s top 100 listed companies to trim their workforces. According to chaebul.com, as of March 2016, the number of employees at 51 of top 100 Korean listed companies had decreased from the end of last year. The total [...]