SEOUL, Jan. 16 (Korea Bizwire) — Unionized workers at Hyundai Motor Co. have approved the second tentative wage deal for 2017, concluding the long-drawn-out negotiations, the union said Tuesday. In a vote held on Monday at a Hyundai’s main plant in Ulsan, 414 kilometers southeast of Seoul, the 49,667-member union chose to accept the revised [...]
SEOUL, Jan. 3 (Korea Bizwire) – Aside from “business”, “value”, “customer” and “innovation” were the keywords most commonly uttered by the leaders of South Korea’s top 10 conglomerates in their New Year’s addresses. Data provided by leadership assessment service CEOscore revealed that after “business”, which was uttered a leading 32 times, value, customer and innovation [...]
SEJONG, Dec. 15 (Korea Bizwire) — The head of South Korea’s antitrust watchdog said he expects the country’s large businesses groups to voluntarily reform their cobweb-like family-run governance structures to meet market expectations and promote fair competition. “I once again reaffirm that I will never be pushy and coercive in carrying out reform on conglomerates,” [...]
SEOUL, Dec. 14 (Korea Bizwire) – The Genesis G80 and G90 sedans earned the highest safety rating from the Insurance Institute for Highway Safety (IIHS) for the year of 2018, Hyundai Motor said Thursday. Hyundai Motor produces the luxury Genesis models under an independent marque separate from other vehicles. The two Genesis models earned the [...]
SEOUL, Dec. 8 (Korea Bizwire) – Hyundai Motor Group on Friday held a meeting with representatives from its overseas sales operations in Seoul to discuss ways to boost sales, the company said Friday. On Friday, some 50 representatives of Hyundai Motor Group’s overseas sales offices gathered at its headquarters in southern Seoul to share views [...]
SEOUL, Nov. 17 (Korea Bizwire) – Hyundai Motor Co. has introduced the ‘Encino’ subcompact sport-utility vehicle in a Chinese motor show, in a move to revive sales in the world’s biggest automobile market, the company said Friday. In the 15th China Guangzhou International Automobile Exhibition, the country’s largest carmaker by sales has unveiled the Encino [...]
SEOUL, Nov. 14 (Korea Bizwire) — Hyundai Motor Co., South Korea’s top auto maker, said Tuesday it has been tapped to co-lead a global initiative to promote hydrogen as an alternative energy for transport and other industries. The Hydrogen Council was launched in Davos, Switzerland, in January, with the aim of boosting investment in the [...]
ULSAN, Nov. 2 (Korea Bizwire) – Representatives of Hyundai Motor Group were at Ulsan Metropolitan City Hall on the first of November, shaking hands on a deal with the city of Ulsan that will see Hyundai construct the largest road safety education complex for children in the country. According to the terms of the MOU, [...]
SEOUL, Nov. 1 (Korea Bizwire) — Nearly two-thirds of South Korea’s top 30 conglomerates have been dissolved or dropped out of the standings since the 1997 Asian financial crisis, a market tracker said Wednesday. According to corporate tracker CEO Score, 19 family-controlled conglomerates, called chaebol here, disappeared altogether from the list with the remainder maintaining [...]
SEOUL, Oct. 30 (Korea Bizwire) — The i30 N TCR, Hyundai Motor Co.’s purpose-built circuit car, beat rivals at the TCR Europe Trophy race held in Italy, the carmaker said Monday. In the circuit event held at the Adria International Raceway from Oct. 27-29, Hyundai’s i30 N TCR outpaced such vehicles as the Audi RS3 [...]