SEOUL, Nov. 16 (Korea Bizwire) – The G90 luxury sedan of South Korea’s top automaker Hyundai Motor Co. has been named one of three finalists in the North American Car and Truck of the Year Award, the automaker said Wednesday. The Genesis G90, marketed in South Korea as the EQ900, is the sixth Hyundai vehicle [...]
SEOUL, Nov. 15 (Korea Bizwire) – Investments by the top 30 conglomerates this year up to the third quarter showed a 24 percent drop compared to the same period last year, a tally from a corporate tracker showed Tuesday. The 30 business groups, who control 257 affiliates, invested 45.33 trillion won (US$38.83 billion) on tangible [...]
SEOUL, Nov. 8 (Korea Bizwire) – South Korea’s top automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. continue to dominate the local market despite a recent drop in their sales here as they together hold nine of the 10 best-selling cars, data showed Tuesday. The two carmakers form Hyundai Motor Group, the [...]
SEOUL, Nov. 2 (Korea Bizwire) – The luxury vehicle division of Hyundai Motor Company, Genesis Motors, marks its first anniversary on November 4, after a rather successful first year. Although Hyundai launched a luxury sedan called the Hyundai Genesis in 2008, an official division was established last year dedicated to Hyundai’s luxury line-up with the [...]
SEOUL, Oct. 25 (Korea Bizwire) – South Korea’s leading automaking group Hyundai Motor Group said Tuesday that executives of its 51 affiliates will have their salaries cut by 10 percent starting this month as part of efforts to tide over worsening business conditions at home and abroad. “Executives of the group’s affiliates are moving to [...]
SEOUL, Oct. 24 (Korea Bizwire) – The Hyundai Avante of South Korea’s top automaker Hyundai Motor Co. became the world’s fourth best-selling car out of 1,382 vehicle models sold last year, data showed Monday. According to the data compiled by the Best Selling Cars Blog, the Hyundai Avante, sold as the Hyundai Elantra in some [...]
SEOUL, Oct. 20 (Korea Bizwire) – Korea’s businesses are on edge. With Korean industrial stalwarts Samsung Electronics and Hyundai Motor both facing existential crises, other major players are beginning to see their growth engines weaken. On October 19, the Korea Economic Research Institute (KERI) suggested that on-year increase in sales at the nation’s top 500 [...]
SEOUL, Oct. 5 (Korea Bizwire) – Samsung Electronics Co., the world’s largest maker of smartphones, said Wednesday its global brand value exceeded US$50 billion this year, citing an annual survey of brand management firm Interbrand. This year, Samsung was again ranked as the seventh-most-valuable global brand with a value of $51.8 billion, up 14 percent [...]
SEOUL, Sept. 21 (Korea Bizwire) – Hyundai Department Store Co. said Wednesday it will open Seoul’s largest outlet in a new skyscraper to be built in the financial district of Yeouido by 2020. Hyundai Department Store said it has been selected as a preferred bidder to build its latest shopping facility in the new skyscraper [...]
SEOUL, Sept. 19 (Korea Bizwire) – South Korea’s market for environmentally friendly cars expanded at a rapid pace in the first half of 2016, also overtaking that of Germany, the largest producer of green vehicles in Europe, industry data showed Monday. In the first six months of the year, South Korea-based manufacturers of environmentally friendly [...]