SEOUL, Sept. 14 (Korea Bizwire) – Samsung and Hyundai Motor groups slashed their cash reserves in the first half of the year, while other major conglomerates increased their cash piles, data showed Sunday. Listed affiliates of Samsung Group, South Korea’s top family-controlled conglomerate, had a combined 40.5 trillion won (US$34.1 billion) in cashable assets as [...]
SEOUL, Aug. 25 (Korea Bizwire) — The Creta, a small SUV launched in India last month by Hyundai Motor, has become the best-selling model in its segment in the world’s No. 4 car market, industry data showed Tuesday. A total of 6,783 Cretas were sold in India in July, the highest number among the 23 [...]
SEOUL, Aug. 24 (Korea Bizwire) — Fears of a slowdown in the Chinese economy sent shockwaves across global financial markets on Monday, leaving South Korean exporters jittery over their future performance as they rely heavily on the world’s second-largest economy, experts said. China’s Shanghai Composite Index tumbled 8.49 percent on Monday as investors dumped shares [...]
SEOUL, Aug. 21 (Korea Bizwire) — A South Korean lawmaker is seeking a law revision aimed at levying taxes on vehicles based on their prices instead of displacement volume, a change that could result in a hike in taxes on many high-end foreign brands, industry sources said Friday. Currently, South Korea levies vehicle taxes based [...]
SEOUL, Aug. 19 (Korea Bizwire) - Hyundai Motor reshuffled personnel in China in a bid to boost its performance in the world’s second-largest economy. The company appointed Tan Tao-hung, the vice president of sales in Sichuan, as the head of Chinese strategies, Lee Byung-ho, who was vice president of the machinery & vehicle parts division, [...]
SEOUL, Aug. 18 (Korea Bizwire) – Hyundai Motor is set to officially roll out its Solati minibus in Korea. The 15-seat minibus can be used efficiently as a business shuttle or as a school bus for private educational institutes. The Hyundai Solati, or Hyundai H350, is a European-style commercial minivan, sized between the 12-seater Starex and the [...]
SEOUL, Aug. 12 (Korea Bizwire) – Hyundai Motor has started advertising for applicants to participate in the ’2015 Hyundai Eco Driving Challenge’. This is a competition to pick an individual who drives while using fuel the most efficiently. The contest will be held at a circuit where the conditions are harsh on fuel efficiency, with sharp [...]
ULSAN, Aug. 12 (Korea Bizwire) - After Hyundai Motors announced that they would be adopting a salary peak system, they also discussed the idea during a recent bargaining session. At the negotiation session held on August 11, there were 50 bargaining agents present. Since the negotiation was held right after the group announced that they would [...]
SEOUL, Aug. 11 (Korea Bizwire) – How often would employees of large Korean companies like to have work dinners? According to a survey conducted on 801 employees from Hyundai Motor, 41 percent of the respondents answered that ‘once a month’ seems to be an appropriate frequency for company dinners, while 26 percent of the respondents [...]
SEOUL, Aug. 7 (Korea Bizwire) — Hyundai Motor announced on August 6 that its Tucson was named the best compact sport utility vehicle (SUV) by automotive magazines in Germany. The compact SUV ranked first in its segment after receiving 557 points out of a possible 750 in a safety evaluation of four models carried out by Auto [...]