Hyundai Asset Management
Scope
Date
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Markets
Current asset prices not irrational: Howard Marks
Many asset prices have skyrocketed to their highest-ever levels as interest rates remain historically low, but that does not mean their current valu...
Jul 30, 2021 (Gmt+09:00)
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Korean games
Nexon founder resigns in top management reshuffle
South Korean game company Nexon’s founder Kim Jung-ju has resigned from the chief executive position at NXC Corp., the holding company of Nexo...
Jul 30, 2021 (Gmt+09:00)
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Pension funds
Canada’s CPPIB promotes Suyi Kim to global head of private equity
The Canada Pension Plan Investment Board (CPPIB) has named Suyi Kim, its Asia head, as the global chief of its private equity business, effective Se...
Jul 30, 2021 (Gmt+09:00)
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EV Batteries
Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...
Jul 29, 2021 (Gmt+09:00)
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Hydrogen economy
California to deploy 30 Hyundai hydrogen trucks for public projects
Hyundai Motor Co.’s XCIENT hydrogen fuel cell trucks will be running the roads of California as part of two publicly funded projects to improv...
Jul 27, 2021 (Gmt+09:00)
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IPOs
Hyundai Samho’s IPO faces hurdle on steel prices, baffling IMM PE
Back in the early 2010s, Hyundai Samho Heavy Industries Co. was a strong shipbuilder earning 800 billion won ($696 million) a year on sales of 4.8 t...
Jul 27, 2021 (Gmt+09:00)
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Advertising & Marketing
Hyundai-sponsored archers reign supreme with 9th-straight gold in Tokyo
Chung Euisun, Hyundai Motor Group Chairman and chair of the Korea Archery Association (KAA), was captured on TV July 25, watching the women’s ...
Jul 26, 2021 (Gmt+09:00)
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Automobiles
Hyundai Honorary Chairman Chung inducted into Automotive Hall of Fame
Hyundai Motor Group Honorary Chairman Chung Mong-koo was inducted into the Automotive Hall of Fame (AHF) on Thursday, acknowledging his work in deve...
Jul 23, 2021 (Gmt+09:00)
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Mergers & Acquisitions
GS Energy to sell half of thermal power plant unit to IMM
GS Energy Corp., an intermediate holding company of South Korea's GS Group, is in the final stages of talks to sell a 50% stake in its wholly-owned ...
Jul 23, 2021 (Gmt+09:00)
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Earnings
Hyundai Motor, Kia post strong Q2 profits; Chip shortage dims outlook
Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, on Thursday posted strong second-quarter earnings, driven by pricey spo...
Jul 22, 2021 (Gmt+09:00)
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Future Mobility
Hyundai Mobis targets in-vehicle healthcare with brainwave technology
South Korea’s top auto parts maker Hyundai Mobis has developed a new brainwave detection technology that monitors a driver's physical and psyc...
Jul 21, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Hyundai Oilbank set to sell oil storage arm ahead of IPO
Hyundai Oilbank Co., a South Korean refiner, is selling a majority stake in its wholly owned Hyundai Oil Terminal Co. to a Seoul-based private equit...
Jul 16, 2021 (Gmt+09:00)
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Mergers & Acquisitions
BlackRock Real Assets makes first Korean offshore wind investment
BlackRock Real Assets, a unit of the world’s largest asset manager BlackRock Inc., has acquired a 100% equity stake in Korea Renewable Energy ...
Jul 15, 2021 (Gmt+09:00)
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Real estate
POBA likely to invest €100 mn in Dutch lab developer
South Korea's Public Officials Benefit Association (POBA) has decided to invest around €100 million ($120 million) in Kadans Science Partner, a...
Jul 13, 2021 (Gmt+09:00)
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RBW, label behind Mamamoo girl group, seeks Kosdaq listing
RBW Inc., the label behind K-pop star Mamamoo, is looking to go public after HYBE Co., the music and entertainment agency behind BTS, made a big h...
Jul 13, 2021 (Gmt+09:00)
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Banking & Finance
Korean banks enter digital asset custody market in quick succession
Woori Financial Group has become South Korea’s third major banking group to enter the digital asset custody service (DACS) market, following K...
Jul 11, 2021 (Gmt+09:00)
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Pension funds
NPS bets big on property development as asset prices soar
The National Pension Service (NPS) has been increasing its appetite for office buildings in the development stage as part of an effort to snatch up ...
Jul 09, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor debuts Genesis G70 Shooting Brake in Europe
Hyundai Motor Co. has added another new model under its standalone luxury brand Genesis, only two days after launching Electrified G80 in South Kore...
Jul 09, 2021 (Gmt+09:00)
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Markets
Korea’s household investment in stock assets up by 62.8% vs. Q1 2020
South Korean households over the last 12 months have vastly increased investments in both domestic and overseas stock markets, with the total invest...
Jul 08, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai launches first Genesis EV sedan G80 in Korea
Hyundai Motor Co. said on Wednesday it has debuted a new electric sedan sold under the independent premium brand of Genesis in the Korean market as ...
Jul 07, 2021 (Gmt+09:00)
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Corporate bonds
KOGAS, Hyundai Motor Turkish unit issue foreign currency bonds at narrower spreads
Korea Gas Corp. (KOGAS) and Hyundai Motor Co.’s Turkish unit sold foreign currency corporate bonds at narrower spreads than their initial targ...
Jul 07, 2021 (Gmt+09:00)
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ESG
Hyundai Motor releases 2021 sustainability report with profitability focus
Hyundai Motor Co. will focus on ramping up global sales of high-profit vehicles such as its SUVs and Genesis models, according to its annual sustain...
Jul 06, 2021 (Gmt+09:00)
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Real estate
Shinsegae Group goes asset-light in e-commerce push
South Korea's Shinsegae Group is looking to sell the headquarters building of its supermarket chain E-Mart Inc. for about 1 trillion won ($883 milli...
Jul 06, 2021 (Gmt+09:00)
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Machinery
Hyundai Rotem wins $296.5 mn electric train deal from Tanzania
Hyundai Rotem won a $296.5 million electric train deal from Tanzania as the South Korean railway system maker aims to expand business in Africa.Hyun...
Jul 06, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Hyundai Motor to adopt digital twin in latest move of virtual technology use
Hyundai Motor Group plans to adopt digital twin technology, which allows the automaker to make a digital replica of a real car for simulation not ...
Jul 05, 2021 (Gmt+09:00)
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Batteries
Hyundai Motor invests $100 mn in US battery startup SES
Hyundai Motor Co. is set to invest $100 million in US-based electric vehicle battery startup SolidEnergy Systems (SES) to obtain next-generation tec...
Jul 04, 2021 (Gmt+09:00)
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Alternative investments
NPS buys Australian building for $900 mn to diversify investment
South Korea’s national pension fund bought an office building in Australia for almost $900 million, which would be its largest investment in t...
Jul 02, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia report record-high H1 sales in US
Hyundai Motor Group’s auto units posted all-time high sales in the first half of 2021 in the US market. According to the industry on July 2, H...
Jul 02, 2021 (Gmt+09:00)
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Hydrogen economy
Fleet of Hyundai XCIENT hydrogen truck exceeds 1 million km benchmark
Hyundai Motor Co.’s fleet of fuel cell truck XCIENT has surpassed the benchmark one million kilometers of driving in 11 months of service in S...
Jul 02, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai innovates EV manufacturing with smart factory system
South Korea’s top carmaker Hyundai Motor Co. is making innovations in its electric vehicle manufacturing processes. The company on July 1 reve...
Jul 02, 2021 (Gmt+09:00)
Latest News
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- 5 Loss-making Lotte Chemical to sell water treatment unit to Synopex