Hyundai Global Business Complex
Scope
Date
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E-commerce
Coupang taps former Trump aide for political relations
South Korean e-commerce giant Coupang Inc. hired a top aide of former US President Donald Trump to expand its political network in Washington and se...
Jul 04, 2023 (Gmt+09:00)
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Automobiles
Genesis GV80 to come with LG’s OLED auto display in close tie-up
Hyundai Motor Co.'s premium brand Genesis will be equipped with LG Display Co.'s organic light-emitting diode (OLED) automotive display for its...
Jul 03, 2023 (Gmt+09:00)
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Steel
POSCO to spend $92 bn by 2030 to boost eco-friendly business
POSCO is a symbol of South Korea’s economic modernization. Five decades ago, it emerged from the nation's agriculture-based economy as one of ...
Jul 03, 2023 (Gmt+09:00)
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Retail
KGC unifies BI of red ginseng brand as JUNG KWAN JANG
Korea Ginseng Corp. (KGC), wholly owned by South Korean tobacco giant KT&G Corp., will unify its red ginseng brand identity (BI) as JUNG KWAN JA...
Jul 03, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia set fresh H1 sales record in US, beating H1 2021
South Korea’s largest automaker Hyundai Motor Co. and its sister company Kia Corp. posted record first-half-year sales in the US this year, am...
Jul 03, 2023 (Gmt+09:00)
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Business & Politics
Samyang Foods Group rebrands as Samyang Roundsquare
South Korea's food-oriented Samyang Foods Group said on Monday it rebranded the group and the holding company Samyang Naturals Co.'s name as Samyang...
Jul 03, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung’s foundry business to make DDIC chips for LX Semicon
LX Semicon Co., one of South Korea’s leading chip design firms, plans to ask Samsung Electronics Co. to manufacture display driver integrated ...
Jul 03, 2023 (Gmt+09:00)
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Airlines
Jeju Air becomes 1st S.Korean LCC to surpass 100 mn passenger mark
South Korea's low-cost carrier (LCC) Jeju Air Co. on Sunday said its cumulative number of passengers exceeded 100 million 17 years after the company...
Jul 03, 2023 (Gmt+09:00)
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Corporate restructuring
LG Chem seeks to sell 2nd NCC facility in Korea in face of China’s ascent
LG Chem Ltd. has embarked on a process to sell its core naphtha cracking center (NCC) in South Korea, estimated at about 3 trillion won ($2.3 billio...
Jul 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor’s IONIQ 6 shows off 3rd-longest driving range in US
The IONIQ 6, the first fully electric sedan by Hyundai Motor Co., has been named one of the top three distance champions in the US based on tests by...
Jul 02, 2023 (Gmt+09:00)
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Business & Politics
Hyundai Rotem wins $917 mn Australian electric train project
Hyundai Rotem, a South Korean railway system maker under Hyundai Motor Group, said on Friday that it had won a major contract in Australia alongside...
Jun 30, 2023 (Gmt+09:00)
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Automobiles
Lotte Rental drops plan to enter Korea’s secondhand car sales market
Lotte Rental Co., South Korea’s largest car rental firm, has dropped its plan to enter the domestic used car sales market. Instead, it will st...
Jun 30, 2023 (Gmt+09:00)
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Robotics
Doosan vice chairman visits robotics trade show Automatica
South Korea’s Doosan Group Vice Chairman Park Ji-won visited Automatica 2023 on Wednesday, a leading trade fair for smart automation held in M...
Jun 29, 2023 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S eyes business split-up to raise up to $1. 5 bn
South Korea’s SK E&S Co. is seeking to split up its business to raise up to 2 trillion won ($1.5 billion), according to people with knowle...
Jun 29, 2023 (Gmt+09:00)
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Travel & Leisure
Jeju Shinhwa World to spend $760 mn to restore vigor
South Korea’s largest resort complex Jeju Shinhwa World, located in the country’s top tourist destination, is preparing to restore its v...
Jun 29, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s IONIQ 6 named Best EV of 2023 in US
Hyundai Motor Co.'s electric vehicle IONIQ 6 has been named Car and Driver's 2023 EV of the Year on Thursday. According to Hyundai Motor, IONIQ...
Jun 29, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Group seeks new partners in Silicon Valley’s startup scene
South Korea’s LG Group seeks new partnerships with global ventures to strengthen its new growth engines, such as batteries, biopharmaceuticals...
Jun 28, 2023 (Gmt+09:00)
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Business & Politics
KOTRA hosts ESG cooperation project in Baubau, Indonesia
Korea Trade-Investment Promotion Agency (KOTRA) announced on Wednesday that it conducts an "Environmental, Social and Governance (ESG) Cooperation P...
Jun 28, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia invest extra $1.5 mn in automotive chip startup
Hyundai Motor Co. and Kia Corp. announced on Wednesday that they have invested extra 2 billion won ($1.54 million) in BOS Semiconductors, a vehicle ...
Jun 28, 2023 (Gmt+09:00)
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Automobiles
Hyundai bets big on futuristic displays, eyes roll-up screen in 3 years
South Korea’s top auto parts maker Hyundai Mobis Co. said on Tuesday it expects to begin mass production of its rollable vehicle display &ndas...
Jun 27, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis overtakes Japan's Aisin on global auto parts market
South Korea's Hyundai Mobis has surpassed Japan's Aisin, its biggest competitor in auto parts excluding batteries, to break into the top five on the...
Jun 27, 2023 (Gmt+09:00)
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Petrochemicals
Hyundai Engineering's petrochemical plant in Poland starts pilot output
South Korea’s Hyundai Engineering has started pilot small-scale output ahead of mass production at its petrochemical plant in Poland. ...
Jun 27, 2023 (Gmt+09:00)
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Entertainment
Pinkfong Baby Shark console game to launch in September
South Korea's The Pinkfong Company, popularly known for its "Baby Shark" character, announced on Tuesday the imminent release of a console game titl...
Jun 27, 2023 (Gmt+09:00)
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Banking & Finance
Hyundai Card, Visa form global data alliance
South Korea’s Hyundai Card has launched a data analysis business with Visa. Hyundai Card on Monday said it formed a strategic business partner...
Jun 27, 2023 (Gmt+09:00)
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Beauty & Cosmetics
S.Korean oil refiner GS Caltex accelerates advance into cosmetics biz
GS Caltex Corp., South Korea’s second-largest oil refiner, is expediting its advance into the cosmetics industry as part of its green transfor...
Jun 27, 2023 (Gmt+09:00)
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Beauty & Cosmetics
Amorepacific to strengthen partnership with A.S. Watson
South Korean beauty and cosmetics giant Amorepacific Group announced on Tuesday that it has signed a memorandum of understanding with A.S. Watson ...
Jun 27, 2023 (Gmt+09:00)
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Logistics
S.Korea breaks into World Bank's global logistics top 20 list for 1st time
South Korea’s logistics performance has ranked 17th in the world, marking its first entry into the top 20 nations, as assessed by the World Ba...
Jun 26, 2023 (Gmt+09:00)
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Energy
Vestas to relocate Asia-Pacific HQ to Seoul in September
Denmark-based Vestas, the world's top wind turbine manufacturer, is set to move its Asia-Pacific regional headquarters from Singapore to South Korea...
Jun 26, 2023 (Gmt+09:00)
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Machinery
HD Hyundai Infracore targets eco-friendly equipment market
HD Hyundai Infracore Co., a construction equipment unit of South Korea’s HD Hyundai Group, is set to make inroads into the eco-friendly sector...
Jun 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor to take 1st crack at Korea’s used car market
South Korea’s top automaker Hyundai Motor Co. is entering the country’s used car market, whose entry by big companies has long been deni...
Jun 26, 2023 (Gmt+09:00)
Latest News
- 1 Want to look beautiful? – Here’s the 'Made In Korea' mask pack
- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators