SEOUL, July 13 (Korea Bizwire) – Unionized workers at Hyundai Motor Co. will vote on whether to stage a walkout as they press for more wages and benefits, the company and its union said Thursday. The two-day vote comes as the country’s largest carmaker by sales struggles with slowing sales in major markets such as [...]
SEOUL, July 10 (Korea Bizwire) – Hyundai Motor Co. and its sister company Kia Motors Corp. said Monday that drivers of their cars will be able to use a voice recognition service to find gourmet restaurants. The owners of Hyundai and Kia vehicles with a built-in navigation system can download the updated content starting Monday, [...]
SEOUL, July 3 (Korea Bizwire) – South Korea’s five carmakers said Monday their combined sales fell 14 percent last month from a year earlier as overseas vehicle demand remained weak. The five automakers — Hyundai Motor Co., Kia Motors Corp., GM Korea Co., Renault Samsung Motors Corp. and SsangYong Motor Co. — sold a total [...]
SEOUL, July 3 (Korea Bizwire) – Hyundai Motor Co. said Monday its sales fell 16 percent last month from a year earlier hit by weakening overseas demand, particularly in the Chinese market. The country’s biggest carmaker by sales sold a total of 376,109 vehicles in June, down from 445,021 units a year earlier, the company [...]
SEOUL, Jun. 23 (Korea Bizwire) — Leaders of South Korea’s top conglomerates including Hyundai and SK will join President Moon Jae-in on his first official visit to the United States next week, a local business lobby said Thursday. Moon is scheduled to visit Washington on Wednesday ahead of two-day summit talks with U.S. President Donald [...]
SEOUL, June 7 (Korea Bizwire) – South Korea’s top carmaker Hyundai Motor Co. said Wednesday it will work with Chinese technology giant Baidu, Inc. to develop a navigation system for its vehicles that will be sold in the world’s biggest auto market. Hyundai and Baidu will jointly develop “Baidu MapAuto” and a voice recognition system [...]
SEOUL, May 31 (Korea Bizwire) – Nearly half of the top 30 conglomerates in the country in 2000 either fell out of the rankings or have been dissolved, with only Samsung Group firmly entrenched in the No. 1 position, an analysis showed Wednesday. Corporate tracker CEO Score compared the top 30 business groups of 2000 and those in 2016 in terms of state-appraised assets. Over the [...]
SEOUL, May 11 (Korea Bizwire) – The vice chairman and heir apparent of Hyundai Motor Co., South Korea’s leading carmaker, on Thursday told the company’s global salespeople that the company will churn out new vehicles and make necessary investments in technologies that will make it more competitive. On the second day of the 2017 Global [...]
SEOUL, April 27 (Korea Bizwire) – Global ratings agency Moody’s Investors Service said Thursday it will maintain the current Baa1 rating for Hyundai Motor Co., South Korea’s top automaker, despite its weak first-quarter earnings. On Wednesday, the carmaker reported a 21-percent on-year drop in first-quarter net profit due to weak sales in China and emerging [...]
SEOUL, April 26 (Korea Bizwire) – The transport ministry said Wednesday it had notified Hyundai Motor Co. of its decision to have the carmaker recall tens of thousands of its Sonata sedans for parking brake light problems. The Ministry of Land, Infrastructure and Transport made the decision after reviewing five cases of suspected faulty parts [...]