Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot 

Hyundai Motor to redirect its TaaS, AI functions to self-driving arm 42dot 

Hyundai Motor Group will redirect the core functions of its Transportation-as-a-Service (TaaS) division and AIRS Company to its recently acquired se...

Boston emerges as Korean firms’ R&D hub for AI, batteries

Boston emerges as Korean firms’ R&D hub for AI, batteries

Top South Korean conglomerates Samsung and Hyundai have selected Boston as the home of their first overseas research centers for batteries and artif...

Hyundai Motor Group rises to world’s third-largest automaker

 Hyundai Motor Group rises to world’s third-largest automaker

South Korea’s largest automaker Hyundai Motor Group ranked third in global car sales in the first half, its highest-ever ranking in terms of v...

Hyundai Motor between rock and a hard place over Russia operations

Hyundai Motor between rock and a hard place over Russia operations

South Korea’s automotive juggernaut Hyundai Motor Co., which has invested heavily in Russia over the last several years, is stuck between a ro...

Hyundai Motor Co. to ship 27 hydrogen Xcient trucks to 7 firms in Germany

Hyundai Motor Co. to ship 27 hydrogen Xcient trucks to 7 firms in Germany

Hyundai Motor Co. is poised to ship 27 of its Xcient Fuel Cell hydrogen trucks to seven German companies by the year’s end, following a simila...

POSCO Chemical wins $10.6 billion cathode order from General Motors

POSCO Chemical wins $10.6 billion cathode order from General Motors

POSCO Chemical Co. announced Thursday that it won 13.8 trillion won ($10.6 billion) worth of cathode orders from General Motors. The company, w...

Hyundai Motor to buy Korean self-driving startup 42dot

Hyundai Motor to buy Korean self-driving startup 42dot

South Korea’s top carmaker Hyundai Motor Group is set to purchase autonomous driving startup 42dot, intensifying the automaker’s competi...

Zigbang completes Samsung SDS home IoT takeover

Zigbang completes Samsung SDS home IoT takeover

Zigbang, a South Korean proptech startup that provides real estate search and transaction services, has completed the acquisition of Samsung SDS Co....

Indonesian president to visit Hyundai Motor during Korea visit

Indonesian president to visit Hyundai Motor during Korea visit

Indonesian President Joko Widodo will visit Hyundai Motor Co. during his upcoming two-day official visit to South Korea as the automaker is aggressi...

Hyundai Motor sees surprise Q3 after record quarterly sales, profit

Hyundai Motor sees surprise Q3 after record quarterly sales, profit

South Korea’s top automaker Hyundai Motor Co. on Thursday posted its highest-ever quarterly sales and operating profit, driven by pricey sport...

Hyundai’s Supernal showcases flying electric car at UK air show

Hyundai’s Supernal showcases flying electric car at UK air show

Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...

Science content provider Geekble raises $3.8 mn in bridge investment

Science content provider Geekble raises $3.8 mn in bridge investment

Geekble, operator of the YouTube science channel of the same name, has raised 5 billion won ($3.8 million) in bridge investment, the company said on...

Hyundai Motor to build 1st Korea plant in 29 years

Hyundai Motor to build 1st Korea plant in 29 years

Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...

Hyundai Mobis plans battery remanufacturing business

Hyundai Mobis plans battery remanufacturing business

Hyundai Mobis Co., a car parts maker within South Korea’s top automaker Hyundai Motor Group, is set to launch an electric vehicle battery rema...

Hyundai Motor raises N.America workforce, cuts China staff

Hyundai Motor raises N.America workforce, cuts China staff

Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...

LG Energy to supply $765 million batteries to Japan’s Isuzu Motors

LG Energy to supply $765 million batteries to Japan’s Isuzu Motors

LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...

Korean firms with high ESG scores show great P/E ratios

Korean firms with high ESG scores show great P/E ratios

South Korean corporates’ price-earnings ratios are affected by their environmental, social and governance (ESG) management, experts said at an...

Hyundai Motor scraps LNG plant construction plan

Hyundai Motor scraps LNG plant construction plan

Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...

Hyundai Motor to launch investment affiliate in US for further growth

Hyundai Motor to launch investment affiliate in US for further growth

South Korea’s Hyundai Motor Group will establish an investment company in the US state of Delaware to expand its presence in the North America...

Hyundai’s US partner Aptiv invests in self-driving startup StradVision

Hyundai’s US partner Aptiv invests in self-driving startup StradVision

Aptiv PLC, one of the world’s big three autonomous driving technology companies, has agreed to invest 50 billion won ($39 million) in StradVis...

KG, Cactus PE, Pavilion PE named new owners of Ssangyong Motor

KG, Cactus PE, Pavilion PE named new owners of Ssangyong Motor

A consortium led by the chemicals-to-steel conglomerate KG Group has been named the new owner of South Korea’s troubled sport utility vehicle ...

LG Electronics, GS acquire AppleMango to launch EV charging business

LG Electronics, GS acquire AppleMango to launch EV charging business

LG Electronics Inc., in partnership with GS Group, is advancing into the electric vehicle charging service market by acquiring AppleMango Co., a Sou...

S.Korean conglomerates look to paint future with NFTs

S.Korean conglomerates look to paint future with NFTs

The non-fungible token (NFT) ecosystem has penetrated into mainstream society. NFTs are digital assets that represent objects in the physical world,...

Hyundai's woes: Too many cars rolling out of Korean plants

Hyundai's woes: Too many cars rolling out of Korean plants

The eight-day South Korean truck drivers’ strike that ended last week has laid bare one long-standing but often ignored problem at the country...

Hyundai Motor Group to launch $80 mn startup fund

Hyundai Motor Group to launch $80 mn startup fund

Hyundai Motor Group and the group’s social contribution foundation will create a domestic startup fund to invest a total of 100 billion won ($...

Hyundai Motor to take Korean ondol heating system to GV90

Hyundai Motor to take Korean ondol heating system to GV90

In the era of autonomous driving, the definition of the space inside a car is expanded into a moving living space, and Hyundai Motor Co. aims to tak...

KG-led consortium named preferred buyer of Ssangyong Motor

KG-led consortium named preferred buyer of Ssangyong Motor

A consortium led by chemicals-to-steel conglomerate KG Group has been named the preferred buyer of South Korea’s troubled sport utility vehicl...

Hyundai Motor to build LNG plant to power its factories

 Hyundai Motor to build LNG plant to power its factories

Hyundai Motor Co. plans to build a liquefied natural gas-fueled power plant to secure a stable supply of electricity for its factories and embrace t...

Hyundai Motor, battery firms strive to limit China lockdown disruptions

Hyundai Motor, battery firms strive to limit China lockdown disruptions

The growing fears of a Beijing lockdown are prompting South Korea’s top automaker Hyundai Motor Co. and battery makers, already suffering from...

SK beats Hyundai Motor to become S.Korea’s No.2 conglomerate 

SK beats Hyundai Motor to become S.Korea’s No.2 conglomerate 

SK Group, which has SK Inc. as its holding company, is now South Korea’s second-largest conglomerate by asset size – replacing automotiv...

S.Korean game developer Krafton acquires Japan’s ADK for $517 million S.Korea's stablecoin frenzy fuels stock rally despite regulatory uncertainty SK Hynix joins Samsung in 200 trillion won market cap club Samsung on hiring spree to bolster US foundry sales LS Electric poised to join Nvidia's supply chain via Vertiv deal