SEOUL, Feb. 4 (Korea Bizwire) — Hyundai Motor Co. has been a household name in the South Korean car market for decades as the country’s primary carmaker. With the widely popular Sonata lineup, the midsize vehicle segment has been a longtime forte for the automaker. Imported brands, however, have worked their way into South Korea [...]
SEOUL, Feb. 2 (Korea Bizwire) — South Korea posted a trade surplus with Japan in the auto parts sector for the first time last year as Japanese carmakers widened sources of imports to lessen risks, industry data showed Monday. According to the data provided by the Korea Trade-Investment Promotion Agency (KOTRA) and the Korea International [...]
Seoul, Jan. 26 (Korea Bizwire) – South Korea’s big name firms Samsung Electronics Co. and Hyundai Motor Co. have decided not to run commercials during this year’s Super Bowl, company officials said Monday, following their earnings slump in the previous year. Samsung Electronics, the world’s largest handset maker, will not be returning to the television [...]
SEOUL, Jan. 26 (Korea Bizwire)– South Korea’s top carmaker Hyundai Motor Co. launched its new edition of the i40 family vehicle in its home market on Monday, putting emphasis on a new diesel engine that ups fuel efficiency. Both the sedan and wagon models of the new i40 are updated with a Euro 6-compliant diesel [...]
SEOUL, Jan. 12 (Korea Bizwire) — South Korea’s top carmaker, Hyundai Motor Co., and its sister affiliate, Kia Motors Corp., saw sales of their hybrids grow nearly tenfold over the past six years, data showed Monday, as the firms continue to churn out various eco-friendly options for buyers. The two automakers sold a combined 62,648 [...]
SEOUL, Dec. 15 (Korea Bizwire) — Renault Samsung’s crossover “QM3” was ranked as one of the most popular new car models for the year. It may be because it came equipped with all three conditions for this year’s popularity including diesel, import, and high fuel efficiency. Debuted in December in 2013, the QM3 was sold [...]
LAS VEGAS, Nov. 4 (Korea Bizwire) – Hyundai has once again teamed up with some of the biggest names in the automotive tuning community for SEMA 2014. This year, Hyundai focuses on the performance and tuning capabilities of its newest models, the 2015 Genesis and 2015 Sonata. Also featured in this year’s roster is the most-powerful [...]
FOUNTAIN VALLEY, Calif., Oct. 22 (Korea Bizwire) – The award-winning Hyundai Santa Fe and Santa Fe Sport offer more standard comfort and convenience equipment for 2015, including refinements to the steering and suspension systems. The 2015 Santa Fe Sport starts at only $24,950, excluding $875 freight charge, and is arriving in dealerships now. The electric [...]
SEOUL, Sep. 19 (Korea Bizwire) – The economic value produced by the top-four Korean conglomerates, Samsung Group, Hyundai Motor, SK Group and LG Group, hit 140.2 trillion won, or about US$134.7 billion, in 2013, equivalent to 10 percent of the South Korea’s gross domestic products. Excluding the four, in contrast, the value-added generated by enterprises [...]
![[Quote] “Secure Foothold in New Markets through Localization Strategy”…Hyundai Chairman](http://koreabizwire.com/wp/wp-content/uploads/2014/09/Chung-Mong-koo-chairman-of-Hyundai-Motor-Group.jpg "[Quote] “Secure Foothold in New Markets through Localization Strategy”…Hyundai Chairman")
“The Turkish plant was reborn last year as an important production base for the whole group to spearhead the entry into the European market. As localization has deepened in the areas of development, production, and sales, we must do our best to become a brand loved by European customers.” “With the plants in India and [...]