Hyundai Global Business Complex
Scope
Date
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Automobiles
Hyundai Movex to supply smart logistics for Hankook Tire US plant
South Korea’s Hyundai Movex Co., the logistics automation solutions affiliate of Hyundai Group, secured a $82 million contract to equip Hank...
Dec 08, 2023 (Gmt+09:00)
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Electronics
LG Elec joins governing body of SOAFEE
LG Electronics Inc. announced on Thursday that it became the ninth member of the governing body of the Scalable Open Architecture for Embedded Edge ...
Dec 07, 2023 (Gmt+09:00)
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Automobiles
Korea’s small diesel truck ban powers LPG-fueled models
South Korea plans to prohibit small trucks with diesel engines from new registrations next year, increasing sales of liquefied petroleum gas-powered...
Dec 07, 2023 (Gmt+09:00)
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Bio & Pharma
Celltrion, Cyron to develop multi-specific antibody new drug
South Korea’s biopharmaceutical company Celltrion Inc. announced on Wednesday that it signed a joint research agreement with domestic startup ...
Dec 06, 2023 (Gmt+09:00)
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Executive reshuffles
Lotte Group’s 3rd-generation son comes to the fore
Shin Yoo-yeol, the eldest son of Lotte Group Chairman Shin Dong-Bin, was promoted to lead the group’s new division to be launched within its h...
Dec 06, 2023 (Gmt+09:00)
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Automobiles
Genesis GV60 named best SUV in China
Hyundai Motor Co.'s premium brand Genesis announced on Wednesday that its luxury mid-sized electric sports utility vehicle (SUV) GV60 was selected a...
Dec 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai unveils redesigned SUV Tucson
Hyundai Motor Co. on Wednesday unveiled The new Tucson, the partially redesigned model of its flagship mid-sized sports utility vehicle (SUV). Tuc...
Dec 06, 2023 (Gmt+09:00)
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Banking & Finance
Korean banks enjoy robust earnings in Asian emerging markets
Four major banks in South Korea are enjoying healthy earnings from overseas businesses, particularly in Asian emerging markets.KEB Hana Bank posted ...
Dec 05, 2023 (Gmt+09:00)
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Bio & Pharma
Hanwha to re-enter biopharma market, targeting biomaterials
South Korea’s Hanwha Group will re-enter the biopharmaceutical market to become the country’s sole producer of tris buffers, a key reage...
Dec 05, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia support Korean exports hit by weak chip sales
Two affiliates of Hyundai Motor Group, the world’s third-largest automaker by sales, ranked as the top South Korean exporters in the one-year ...
Dec 05, 2023 (Gmt+09:00)
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Korean chipmakers
Global NAND chip sales up in Q3 amid Samsung output cut
Global sales of NAND flash chips slightly grew in the third quarter as industry leaders such as Samsung Electronics Co. cut output, a report showed ...
Dec 05, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis builds new electrification research center
South Korea’s Hyundai Mobis announced on Tuesday that it opened the Electrification Research Center in Euiwang, Gyeonggi Province, South Korea...
Dec 05, 2023 (Gmt+09:00)
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Executive reshuffles
Samsung names new smartphone, TV platform head
Samsung Electronics Co. has promoted Kim Yong-soo, vice president and former Google and Oracle software expert, to lead its smartphone and TV platfo...
Dec 05, 2023 (Gmt+09:00)
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Food & Beverage
CJ Freshway to boost smart farming business
South Korea’s CJ Freshway Corp. announced on Monday that it will launch a smart farm contract cultivation business in 2024. South Korea's...
Dec 04, 2023 (Gmt+09:00)
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Batteries
Hanwha to boost battery production equipment business
Hanwha Group, South Korea’s chemicals-to-defense conglomerate, is working to bolster its secondary battery manufacturing equipment business wi...
Dec 04, 2023 (Gmt+09:00)
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Retail
The Hyundai Seoul, a must-visit for young foreigners
The Hyundai Seoul, the largest department store in the South Korean capital, topped the 1 trillion won mark in annual sales at the fastest pace in t...
Dec 04, 2023 (Gmt+09:00)
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Automobiles
IONIQ 5, Sportage named safest cars by IIHS
Hyundai Motor Co. 's crossover electric vehicle (EV) sport-utility vehicle (SUV) IONIQ 5 and Kia Corp. 's best-selling SUV Sportage earned a Top S...
Dec 04, 2023 (Gmt+09:00)
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Fashion
Hyungji Elite selected as official partner of FC Barcelona
South Korea’s school and corporate uniform company Hyungji Elite announced on Monday that it was selected as the official partner of FC Barc...
Dec 04, 2023 (Gmt+09:00)
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Electric vehicles
Kia EV9 sweeps European awards, sees strong US pre-orders
The Kia EV9, the flagship large all-electric sport utility vehicle of South Korea’s No. 2 automaker, is sweeping major industrial awards in Eu...
Dec 04, 2023 (Gmt+09:00)
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Foreign exchange
S.Korea, Japan seal 3-year $10 bn currency swap deal
South Korea and Japan on Friday revived their bilateral currency swap line to boost their dollar liquidity amid improved diplomatic relations.The tw...
Dec 01, 2023 (Gmt+09:00)
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Energy
Orsted wins 1.6 GW offshore wind power license from Korea
Danish energy company Orsted has secured exclusive rights to build South Korea’s largest offshore wind power complex in a project estimated at...
Dec 01, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis unveils world’s first QL display for vehicles
South Korea’s top auto parts maker Hyundai Mobis Co. said on Thursday it has developed an innovative premium display for vehicles – the ...
Nov 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
CJ OliveNetworks to enter smart city business with Team Naver
South Korean digital service company CJ OliveNetworks announced on Thursday that it has signed a mutual cooperation agreement at Naver Corp.'s headq...
Nov 30, 2023 (Gmt+09:00)
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Korean startups
Korea's startup ecosystem lags behind peers in global investments
South Korea’s startup environment lags behind major countries in terms of global expansion and foreign investment attraction, a report from st...
Nov 30, 2023 (Gmt+09:00)
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Automobiles
Hyundai IONIQ 5 N named 2023 Car of the Year by TopGear
South Korea's Hyundai Motor Group announced on Thursday that Hyundai Motor Co.'s IONIQ 5 N electric vehicle has been named Car of the Year and Kia C...
Nov 30, 2023 (Gmt+09:00)
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Energy
KHNP eyes Canada's nuclear energy project with ARC, NB Power
Korea Hydro and Nuclear Power Co. (KHNP) said on Wednesday it has signed a non-binding agreement with ARC Clean Technology Canada Inc. and New Bruns...
Nov 29, 2023 (Gmt+09:00)
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Infrastructure
STX to develop Gargoub port in Egypt with grain silos
STX Corp., a South Korean general trading company, is expected to develop a Mediterranean port in Egypt and build grain silos at the port, a move ex...
Nov 29, 2023 (Gmt+09:00)
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Construction
HD Hyundai taps RCE to go global with used heavy machinery
HD Hyundai Construction Equipment Co., the construction machinery provider under South Korean shipbuilding conglomerate HD Hyundai Group, will ventu...
Nov 29, 2023 (Gmt+09:00)
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Construction
Hyundai Elevator, ERBUD forge partnership for Ukraine's rebuilding efforts
South Korea's Hyundai Elevator Co. signed a memorandum of understanding (MOU) with ERBUD, a leading Polish construction company, on November 28, in ...
Nov 29, 2023 (Gmt+09:00)
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Korean startups
KOTRA to support K-startups in European expansion
The Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday the establishment of a South Korean pavilion at the upcoming SLUSH 2023, ...
Nov 29, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 2 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 3 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers