SK, POSCO agree to develop new lightweight materials for future mobility

South Korea’s SK Global Chemical, a wholly owned subsidiary of SK Innovation, and POSCO have joined hands to develop steel and plastic composi...

Hyundai Motor to introduce batch production system at local plant

South Korea’s Hyundai Motor Co. is considering introducing a new factory idea for its major local plant aimed at better responding to rising m...

SK Hynix produces mobile DRAM with industry’s largest capacity

SK Hynix Inc., South Korea’s second-largest chipmaker, has started mass production of 18 gigabyte (GB) mobile DRAM, which offers the industry&...

Hyundai, LG Energy agree to split EV recall costs, reflect in Q4 results

Hyundai Motor Co. and LG Energy Solution Ltd. have agreed on how to split the costs of replacing the electric vehicle batteries made by the LG Group...

Affirma, EastBridge in race for T Map Mobility’s $267 mn fundraising

Global buyout fund Affirma Capital and South Korean private equity firm EastBridge Partners will compete in a race for the 300 billion won ($267 mil...

Hyundai Glovis, Changjiu team up to boost China-Europe rail transport

South Korea-based Hyundai Glovis Co. has teamed up with China’s largest automotive logistics firm, Changjiu Group, to foster rail transport op...

Hyundai Heavy, Aramco form global hydrogen partnership

South Korea’s Hyundai Heavy Industries Holdings Co. and Saudi Aramco have agreed to launch a hydrogen partnership in a step toward building a ...

Hyundai, SK in hydrogen tie-up as part of $38 bn industry cooperation

South Korea’s auto giant Hyundai Motor Group and energy conglomerate SK Group have agreed to tie up in hydrogen-related projects as part of an...

Hyundai Heavy hires Korea Investment, 4 others as IPO managers

South Korean shipbuilder Hyundai Heavy Industries Co., which plans to list its shares on the local bourse this year, has mandated Korea Investment &...

Hyundai Motor to ramp up fuel cell car production

South Korea-based Hyundai Motor Co. has decided to produce around 17,000 units of its hydrogen fuel cell electric vehicle (FCEV) this year, thrice t...

Hyundai Motor's IONIQ 5 pulls in record pre-orders

Hyundai Motor Co.'s latest all-electric vehicle is making headlines in Europe, with over 10,000 users signing up for the 3,000 units of the limited ...

Naver invests €115 mn in Spain’s virtual marketplace Wallapop

Naver Corp., South Korea’s top online portal, has invested €115 million in Wallapop, a Spanish virtual marketplace, as part of its effort...

Hyundai to recall some 82,000 EVs over fire risk; cost seen at $900 mn

Hyundai Motor Co. said on Wednesday that it will recall 81,701 units of its electric vehicles sold worldwide over fire risk, in a move that could co...

Hyundai Motor hires US aerospace expert as UAM business CTO

Hyundai Motor Co. has hired a US aerospace expert as the chief technology officer of its urban air mobility (UAM) business as part of the automotive...

Hyundai Motor debuts all-electric IONIQ5 as EV battle rages on

Hyundai Motor Co. on Tuesday debuted a new, all-electric IONIQ5, the first model under its standalone electric vehicle sub-brand, amid intensifying ...

KKR signs $580 mn share purchase of Hyundai Heavy’s A/S arm

KKR & Co. signed a definitive agreement on Tuesday to buy a stake in Hyundai Global Service Co. from Hyundai Heavy Industries Holdings Co. for 6...

Hyundai Motor, POSCO steelmaking tie-up to develop hydrogen tech

South Korea’s Hyundai Motor Co. and steel giant POSCO have agreed to jointly develop technology that uses hydrogen instead of coking coal to p...

Young, female, foreign: Hyundai Motor Group’s new BOD

South Korea’s Hyundai Motor Group, under its new leader Chung Euisun, is seeking changes on its board of directors, the group's top business d...

Carlyle seals $200 mn investment in Kakao Mobility

The Carlyle Group has agreed to buy $200 million worth of new shares in Kakao Mobility Corp. as a pre-IPO investment in the transportation arm of So...

Hyundai Motor, LG Energy team up on EV battery leasing, recycling

The Hyundai Motor Group will lead a government initiative to reduce battery-related environmental problems by collaborating with other companies on ...

Hyundai Motor unveils AI-powered voice recognition technology

South Korea-based Hyundai Motor Group has unveiled new artificial intelligence-powered voice recognition technology to be installed in mass-produced...

Hyundai Motor, POSCO tie up in hydrogen projects

South Korea’s Hyundai Motor Group and steel giant POSCO have agreed to cooperate in hydrogen-related projects and jointly explore overseas bus...

Hyundai reveals interior images of EV model IONIQ 5

Hyundai Motor Co. unveiled interior images of the IONIQ 5, the first model under its standalone electric vehicle sub-brand, on Feb. 15, featuring a ...

Korean REIT backed by Amazon’s Japan warehouse eyes $280 mn IPO

A South Korean real estate investment trust (REIT) backed by Amazon’s largest logistics center in Japan and an office complex in Seoul is plan...

Hyundai unveils unmanned ultimate mobility vehicle concept

Hyundai Motor Group has unveiled its first uncrewed ultimate mobility vehicle (UMV) concept, transforming intelligent ground excursion robot (TIGE...

Uber, T Map Mobility JV wins antitrust approval; set to launch in April

South Korea's antitrust regulator has approved the proposed joint venture between the US-based ride-hailing company Uber Technologies Inc. and T M...

Hyundai says not in talks with Apple over self-driving cars

Hyundai Motor Group said on Monday it is not engaged in talks with Apple Inc. over the development of an autonomous electric vehicle, throwing cold ...

Hyundai Heavy seals $757 mn stake purchase in Doosan Infracore

South Korea’s Hyundai Heavy Industries Holdings Co. signed a definitive agreement on Friday to buy a controlling stake in Doosan Infracore Co....

Hyundai Heavy announces 5-for-1 share split, 2020 operating loss

Hyundai Heavy Industries Holdings Co. on Thursday announced a five-for-one share split after reporting an operating loss in 2020 due to weak shipbui...

Hyundai Motor, Kia post strong US sales on SUV, Genesis

Hyundai Motor Co. and sister firm Kia Corp. posted strong January sales in the US, where the South Korean companies are working to refine their prof...