Hyundai accelerates electrification strategy, targets 7% of EV market

South Korea’s top automaker Hyundai Motor Group on Wednesday set out its vision to become a top-tier eco-friendly auto brand by accelerating i...

Hyundai's first Saudi JV shipyard slated for 2023 completion

South Korea's Hyundai Heavy Industries Holdings Co. is scheduled to construct a large-scale shipyard for very large crude carriers (VLCCs) and a mar...

Hyundai, Kia refine profile with accolades, higher global rankings

Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, have worked for decades to refine their profil...

Hyundai, Kia heavily exposed to Ukraine crisis; shares at 52-week lows

Shares of Hyundai Motor Co. and Kia Corp. on Monday fell to their lowest levels in more than 52 weeks as investors engaged in panic selling on conce...

Korea Investment in $4.4 bn lending group for Tropicana deal

Korea Investment & Securities Co. will arrange senior and mezzanine loans for Paris-based PAI Partners to fund its acquisition of Tropicana an...

Hyundai IONIQ 5, Kia EV6 rated top among electric cars in Germany

Hyundai Motor Co.'s IONIQ 5 and Kia Corp.'s EV6 have been recognized as the most competitive electric sport utility vehicles by Auto Zeitung, a high...

Hyundai Glovis aims to top global car transport market

Hyundai Glovis Co., the world’s second-largest car shipping company, aims to top the industry with an expansion of its fleet, specializing in ...

LG AI Research: Foundation of group’s long-term future

Artificial intelligence that composes music and creates images, a forecasting model that reduces the development period of customized anticancer dru...

Hyundai to set up EV chargers at Shell gas stations

Hyundai Motor Co. plans to set up chargers for electric vehicles at gas stations of Shell Inc. worldwide as South Korea’s top automaker aims t...

Partners Group wins $620 mn Korean LPs mandate for infra

Some major institutional investors of South Korea have committed a combined $620 million to Partners Group’s third direct infrastructure progr...

Hyundai Motor Group sweeps board at IIHS safety awards

The Hyundai Motor Group once again received more safety awards than any of its counterparts from the Insurance Institute for Highway Safety (IIHS)...

Hyundai Heavy’s holding firm changes name to HD Hyundai

South Korea’s Hyundai Heavy Industries Holdings Co. is changing its name to HD Hyundai as the holding company of the world's largest shipbuild...

China’s Geely challenges Hyundai with entry to Korea’s e-truck market

China’s largest privately owned carmaker Zhejiang Geely Holding Group Co. is entering South Korea’s electric truck market to compete wit...

Hyundai Mobis to spend $6.7 bn in future mobility, hike shareholder return

South Korea’s largest auto parts maker Hyundai Mobis Co. plans to spend up to 8 trillion won ($6.7 billion) over the next three years on its f...

BlackRock names new head of institutional investment for APAC

BlackRock Inc., the world’s largest asset manager with $10 trillion assets under management, named Hiroyuki Shimizu head of institutional in...

Korea’s trading firms set sights on EV parts production for growth

South Korea’s general trading companies, which usually work as middlemen linking buyers with sellers, are seeking to transform into eco-friend...

SK Group head Chey to assume chair post at SK Telecom 

SK Group chairman Chey Tae-won will assume an additional post as a chairman of SK Telecom Co.The conglomerate’s holding company SK Inc. announ...

South Korea's working young teeter on brink of debt disaster

As the liquidity party is coming to an end, rising interest rates and falling asset values are highlighting concerns about household debt taken on b...

LS-Nikko Copper to sell $670 million JV stake to Korean PEFs

LS-Nikko Copper Co., the world’s second-largest electrolytic copper maker, is set to sell an 800 billion won ($670 million) stake in a joint v...

Samsung SDS joins hands with Amazon for global cloud business

Samsung SDS Co., South Korea’s information technology service company, is set to expand its global cloud service business in cooperation with ...

LG Group improves dividend policy transparency

A growing number of LG Group units have unveiled their dividend policies for the next three years for the first time in their history, as they are d...

How Carlyle aligned interests with Hyundai Motor chair

South Korea's strengthened antitrust rules relating to inter-affiliate trade provided the Carlyle Group with a valuable opportunity to invest in Hyu...

Kia: New king in J.D. Power’s most reliable auto brand rankings

Kia Corp. is the top-ranked automaker in J.D. Power’s 2022 US Vehicle Dependability Study (VDS) ahead of General Motor Co.’s Buick as we...

Hyundai Steel supplies high-strength steel for Genesis G80 EV, G90

Hyundai Steel Co. is supplying its newly developed ultra-high-strength steel sheets for car bodies to Hyundai Motor Co. for its electric vehicles an...

Gallery Hyundai paints new chapter with NFT

South Korea’s Gallery Hyundai paints a new future by incorporating NFT (non-fungible token.)  The country’s first commercial art g...

Hyundai Motor launches robotaxi service in upscale Gangnam district

City governments, automakers, and tech giants are leading the adoption of robotaxis in major cities throughout South Korea. The Ministry of Lan...

Hyundai to take fresh crack at Japan market with online EV sales

TOKYO – Hyundai Motor Co. is reentering the Japanese car market after a 12-year hiatus with its latest electric vehicles, as the growing deman...

Korea’s Point Mobile expands supply deal with Amazon to offline units

Point Mobile Co., South Korea’s top enterprise handheld devices maker, expanded a supply deal with Amazon.com Inc. to offline units of the wor...

Hyundai Heavy's KSOE posts $1.1 bn loss in 2021

Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, on Monday reported a bigger-than-expected operating ...

Hyundai to debut IONIQ 6 in July to rival Tesla Model 3

Hyundai Motor Co. will unveil the much-anticipated IONIQ 6, its first all-electric sedan on an exclusive EV platform, in July, to compete with the l...