Samsung, Hyundai amass record-high levels of cash

Major South Korean companies such as Samsung Electronics Co. and Hyundai Motor Co. have accumulated more cash than ever before amid growing uncertai...

Hyundai to adopt multiple car assembly system at local plant from August

Hyundai Motor Co. is introducing a multiple vehicle assembly system at its main plant in South Korea to better respond to rising market demand for d...

Korean ad agencies vying for bigger slice of virtual space

South Korean advertisement agencies, led by Innocean Worldwide Inc. and Cheil Worldwide Inc., are stepping up efforts to acquire digital technology ...

Chung Ki-sun joins KSOE boardroom, to take helm at Hyundai Heavy

Hyundai Heavy Industries Group’s heir apparent Chung Ki-sun has been appointed as a co-chief executive and a registered director of Korea Ship...

Hyundai Dept. Store to buy Zinus for $735 mn

South Korea’s major retailer Hyundai Department Store Group is set to buy Zinus Inc., a maker of best-selling mattresses in North America for ...

Samsung Electro-Mechanics to invest $245 mn more in capex

South Korea’s Samsung Electro-Mechanics will spend more on increasing its semiconductor package substrate production capacity in order to meet...

LG Innotek shares at new highs, tracking Apple's rise

Shares in LG Innotek Co., a major camera module supplier for Apple iPhones, climbed to a record high on Monday, in stark contrast to the flat wider ...

Hyundai, BAIC Motor to inject $942 mn in China JV for EVs

Hyundai Motor Co., South Korea’s top automaker, is set to invest more in China to revive its business on the mainland through quality electric...

Hyundai, Lotte to join used car market, seen as boost for small players

South Korea’s top automaker Hyundai Motor Co. and the country’s No. 1 car rental firm Lotte Rental Co. are advancing into the domestic u...

Hyundai Motor invests in cloud, hydrogen firms for future mobility

Hyundai Motor Co., South Korea’s top carmaker, invested $21.6 million late last year in startups with promising technologies in non-automaking...

Hyundai to make IONIQ 5 in Indonesia, EV hub for ASEAN market

Hyundai Motor Co. has started mass producing its iconic all-electric crossover IONIQ 5 at its newly built plant in Indonesia, a country that the top...

SK Siltron to ramp up silicon wafer output from 2024

South Korean silicon wafer maker SK Siltron Co. on Wednesday announced a plan to spend 1 trillion won ($810 million) on its domestic capacity expans...

Hyundai eyes LNG ship-to-floating storage unit conversion market

The ongoing war in Ukraine and tougher emission standards are creating a new market for shipbuilders: converting aged liquefied natural gas (LNG) ca...

China rules EV market with fleet sales; Hyundai targets retail

Chinese electric vehicle makers are expanding their shares in key markets such as the US and Europe through fleet sales, while South Korea’s H...

Hyundai’s auto exports to Russia cut by half in February, hit by war

Hyundai Motor Co.'s car exports to Russia have dwindled by nearly half in the latest indication that global automakers are feeling the pinch due to ...

Korea automakers fret over Yoon’s policy on combustion engine cars

South Korea’s automakers were on high alert as President-elect Yoon Suk-yeol pledged to ban new registrations of internal combustion engine ca...

Hyundai Heavy targets $2.5 bn Saudi escort ships deal

South Korea’s Hyundai Heavy Industries Holdings Co. targets Saudi Arabia’s project for new escort ships worth up to $2.5 billion. The wo...

Samsung Electro-Mechanics to focus on IT, automotive electronics sectors

South Korea’s Samsung Electro-Mechanics is set to focus on information technology and automotive electronics sectors as they are core growth e...

K Car's evolution into top Korean used car sales platform

When Seoul-based private equity firm Hahn & Co. acquired K Car Co. from SK Group in 2018, the No. 1 used car retailer in South Korea controlled ...

Hyundai, Iveco to cooperate on commercial vehicles

Hyundai Motor Co., South Korea’s top automaker, and Iveco Group NV, Italia's truck maker, have agreed to join hands on their commercial vehicl...

Hyundai shuts Russia car plant for 1 wk on parts shortages

Car production at Hyundai Motor Co.'s plant in Russia has been halted since March 1 as the Russia-Ukraine war further aggravated shortages of automo...

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...

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 ...

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)...