Hyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US

Hyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US

Cars.com, a US automobile evaluation website, named the Hyundai Motor Co.'s IONIQ 5 as the Best Electric Vehicle of 2023 on Tuesday. According to Hy...

Hyundai Card to provide Apple Pay in South Korea

Hyundai Card to provide Apple Pay in South Korea

Apple and Hyundai Card on Wednesday officially announced the launch of the simple payment service Apple Pay in South Korea.The American tech giant s...

Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia

Lotte Chemical, RWE, Mitsubishi form alliance for clean ammonia

South Korea's Lotte Chemical Corp. has joined forces with German energy company RWE and Japan's Mitsubishi Corporation to create a global consortium...

Korea refiners swing to Q4 loss amid windfall tax calls

Korea refiners swing to Q4 loss amid windfall tax calls

South Korean refiners such as SK Innovation Co. and S-Oil Corp. are estimated to incur a combined loss of over 1 trillion won ($800 million) in the ...

SK Innovation steps up carbon offset, green investments

SK Innovation steps up carbon offset, green investments

SK Innovation Co., the refinery and chemicals unit of South Korea’s second-largest conglomerate SK, is poised to strengthen its eco-friendly b...

Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports

Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports

South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...

Korea's credit card approval volume hit all-time high last year

Korea's credit card approval volume hit all-time high last year

The annual card approval amount in South Korea exceeded 1,000 trillion won ($811.4 billion) for the first time ever. This is largely because of "ret...

LG Elec eyes profit from EV powertrain, car lighting biz

LG Elec eyes profit from EV powertrain, car lighting biz

LG Electronics Inc., the world’s leading home appliance maker, aims to take profit from the electric vehicle powertrain and car lighting units...

Hyundai, Kia cars selected Best Imported Cars in Germany

Hyundai, Kia cars selected Best Imported Cars in Germany

Hyundai Motor Group was recognized for its overwhelming quality in Germany, which is widely considered the home of automobiles.Hyundai Motor Group s...

Hanwha Solutions, SKS Credit propel to build eco-friendly data center

Hanwha Solutions, SKS Credit propel to build eco-friendly data center

Hanwha Solutions Corp. said on Monday that its business unit Hanwha Solutions Insight Division has signed a memorandum of understanding (MOU) with S...

S.Korea's BSI hits 30-month low amid poor business sentiment

S.Korea's BSI hits 30-month low amid poor business sentiment

The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two...

Korean oil refiners to bask in record profits with hefty bonuses

Korean oil refiners to bask in record profits with hefty bonuses

Employees at South Korea’s oil refiners are expected to receive hefty bonuses after their companies posted record earnings last year amid hi...

Hyundai, Kia make up 11.3% of UK's new car registrations in 2022

Hyundai, Kia make up 11.3% of UK's new car registrations in 2022

South Korean carmaker Hyundai Motor Group accounted for 11.3% of the new car registrations in the UK last year, according to a report that the Socie...

Hyundai, Kia vow to crack Japan-dominated SE Asian market with EVs

Hyundai, Kia vow to crack Japan-dominated SE Asian market with EVs

For more than four decades, Japanese automakers, led by Toyota Motor Corp., have reigned as undisputed champions in the Southeast Asian auto marke...

Kia Sportage selected Family SUV of Year by UK auto journal

Kia Sportage selected Family SUV of Year by UK auto journal

Kia Corp. said on Friday that its sport utility vehicle (SUV) Sportage has been named Family SUV of the Year by the British automotive magazine What...

Hyundai's four models selected among Car & Driver's best 10 Trucks & SUVs

Hyundai's four models selected among Car & Driver's best 10 Trucks & SUVs

Hyundai Motor Group said on Wednesday that Hyundai IONIQ5, Kia EV6, Kia Telluride, and Genesis GV70 were selected as the 2023 Best 10 Trucks & S...

Hyosung Chemical fails to sell any bonds in demand forecast

Hyosung Chemical fails to sell any bonds in demand forecast

South Korea's Hyosung Chemical has failed to receive a single purchase order in its demand forecast for corporate bond issuance.Investment banking s...

Woori Financial to acquire VC firm Daol Investment

Woori Financial to acquire VC firm Daol Investment

South Korea’s Woori Financial Group is set to acquire Daol Investment Co., a venture capital arm of the liquidity-strapped Daol Financial Grou...

Kia's Carens selected as Car of Year in India

Kia's Carens selected as Car of Year in India

Kia Corp. won the "Car of the Year in India" for the first time in three years and five months after entering the Indian auto market.Kia said Sunday...

Kookmin Card acquires Cambodian leasing firm at $5.2 mn

Kookmin Card acquires Cambodian leasing firm at $5.2 mn

KB Kookmin Card, a credit card unit of KB Financial Group, and its Cambodian local subsidiary KB Daehan Specialized Bank, acquired the Southeast Asi...

Hyundai IONIQ 6 honored as safest family car in Europe

Hyundai IONIQ 6 honored as safest family car in Europe

Hyundai Motor Co.'s  first fully electric sedan IONIQ 6 has been named the safest family car in Europe.Hyundai Motor on Friday said the Europea...

Hyundai’s Chung Euisun named MotorTrend’s Person of the Year

Hyundai’s Chung Euisun named MotorTrend’s Person of the Year

Chung Euisun, chairman of South Korea’s Hyundai Motor Group, has been named Person of the Year by MotorTrend, topping the prestigious US autom...

11 Hyundai Motor Group products receive US' Good Design Awards

11 Hyundai Motor Group products receive US' Good Design Awards

Hyundai Motor Group on Wednesday said 11 of its products won honors at this year's Good Design Awards of the US.The honors are jointly selected by t...

Katech signs self-driving R&D agreement with SwRI in US

Katech signs self-driving R&D agreement with SwRI in US

The Korea Automotive Technology Institute (Katech) said on Tuesday that it will join hands with the Southwest Research Institute (SwRI) of the Unite...

Korea’s secondhand car market cools amid elevated interest rates

Korea’s secondhand car market cools amid elevated interest rates

South Korea’s secondhand car market is cooling rapidly as both dealers and buyers are reeling from elevated interest rates, which also bode il...

Hyundai's Genesis beats rival Infiniti in US car sales

Hyundai's Genesis beats rival Infiniti in US car sales

Genesis, Hyundai Motor Group's premium sub-brand, sold more car units in the US last year than its Japanese rival Infiniti.Genesis sold a record-hig...

Korea’s Daol to sell another unit to secure liquidity

Korea’s Daol to sell another unit to secure liquidity

South Korea’s Daol Financial Group agreed to sell another unit as part of its efforts to raise money in preparations for a possible liquidity ...

HD Hyundai to boost offshore wind power, future ships, CEO says

HD Hyundai to boost offshore wind power, future ships, CEO says

LAS VEGAS – HD Hyundai Co., the largest shipbuilding conglomerate in South Korea, is set to diversify its future growth engines, focusing on s...

Hyundai's Nexo keeps 1st place in hydrogen car market beating Toyota

Hyundai's Nexo keeps 1st place in hydrogen car market beating Toyota

Hyundai Motor Co.'s hydrogen fuel cell car model Nexo far surpassed Toyota in the world's market share. According to SNE Research, a market research...

Hyundai’s Supernal, Microsoft to collaborate on UAM projects

Hyundai’s Supernal, Microsoft to collaborate on UAM projects

Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., and US tech giant Microsoft Corp. have agreed...

HYBE Chair Bang referred to prosecutors over alleged unfair trading Vietnam’s top leader to make 1st South Korea visit in 11 years Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity HYBE sparks summer vibes with BTS live album, TXT comeback, new boy band launch K-beauty contract manufacturers see record Q2 profits; rally likely to continue