Kolon Ind expands tire cord fabric plant in Vietnam

Kolon Ind expands tire cord fabric plant in Vietnam

Kolon Industries Inc. has expanded the capacity of its polyester tire cord fabric plant in Vietnam, the South Korean company said on Wednesday.The f...

Hyundai Rotem signs defense deal with Norway’s Kongsberg

Hyundai Rotem signs defense deal with Norway’s Kongsberg

South Korean arms maker Hyundai Rotem Co. has clinched a strategic partnership with Norway’s Kongsberg Defence & Aerospace AS to jointly d...

Higher costs, weaker won put Korean firms’ investments on hold

Higher costs, weaker won put Korean firms’ investments on hold

Rising borrowing costs coupled with the weakening local currency are forcing an increasing number of South Korean companies to withdraw or halt thei...

Hyundai Rotem rolls out Korea’s fastest bullet train

Hyundai Rotem rolls out Korea’s fastest bullet train

Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, has rolled out the country’s fastest bullet train that can r...

Hyundai Mobis hosts future mobility startups in Silicon Valley

Hyundai Mobis hosts future mobility startups in Silicon Valley

South Korea’s Hyundai Mobis Co. will host a future mobility conference, dubbed Mobis Mobility Day, with around 80 experts from mobility startu...

Aircraft maker KAI: Hanwha Group's new M&A target?

Aircraft maker KAI: Hanwha Group's new M&A target?

Hanwha Group’s agreement to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering (DSME) Co. for 2 trillion won ($1.4 billio...

Self-driving startup 42dot unveils driverless shuttle

Self-driving startup 42dot unveils driverless shuttle

South Korea's autonomous transportation startup 42dot, owned by Hyundai Motor Group, on Monday unveiled a driverless electric shuttle installed with...

Hanwha agrees to buy Daewoo Shipbuilding for $1.4 billion

Hanwha agrees to buy Daewoo Shipbuilding for $1.4 billion

South Korea's leading weapons manufacturer Hanwha Group agreed on Monday to buy a controlling stake in Daewoo Shipbuilding & Marine Engineering ...

Korea's Hyundai Mobis CEO Cho elected ISO president

Korea's Hyundai Mobis CEO Cho elected ISO president

South Korean auto parts maker Hyundai Mobis Co.’s CEO Cho Sung-hwan has been elected as the next president of the International Organization f...

Hyundai Heavy to adopt Palantir's big data platform

Hyundai Heavy to adopt Palantir's big data platform

South Korea’s Hyundai Heavy Industries Group said on Wednesday that it has signed a contract with Palantir Technologies Inc., a US data analyt...

Hyundai E&C wins $158 mn order for port facility construction in Kuwait

Hyundai E&C wins $158 mn order for port facility construction in Kuwait

South Korea’s Hyundai Engineering & Construction Co. announced Tuesday it won a 220 billion won ($157 million) deal from Kuwait to add sev...

Hyundai, Iveco unveil jointly developed hydrogen van

Hyundai, Iveco unveil jointly developed hydrogen van

South Korea's Hyundai Motor Co. and Italian truck maker Iveco Group on Monday showcased a large commercial van powered by hydrogen, which they had j...

Kakao Mobility, Hyundai to launch pilot robotaxi service by year-end

Kakao Mobility, Hyundai to launch pilot robotaxi service by year-end

Kakao Mobility Corp., which runs South Korea’s most popular taxi-hailing app, and top Korean automaker Hyundai Motor Co. have agreed to launch...

Hyundai wins $1.2 bn railway order from Philippines

Hyundai wins $1.2 bn railway order from Philippines

South Korea’s Hyundai Engineering & Construction Co. has won a $1.2 billion order from the Philippines to build a railway connecting the c...

Hyundai Group unveils purpose-built vehicle for airport pickup

Hyundai Group unveils purpose-built vehicle for airport pickup

Hyundai Motor Group has unveiled the interior design and user experience technologies for its purpose-built vehicles (PBVs) as the top South Korean ...

Drivers try racing Hyundai’s latest models at Asia’s largest driving center

Drivers try racing Hyundai’s latest models at Asia’s largest driving center

The HMG Driving Experience Center, which is set to open on Sept. 16, will offer the general public an opportunity to try out aspects of professional...

Hyundai faces growing rivalry with China’s BYD in Southeast Asia

Hyundai faces growing rivalry with China’s BYD in Southeast Asia

Chinese electric vehicle maker BYD’s announcement last week that it will build its first overseas EV plant in Thailand is setting off alarm be...

Hyundai Glovis receives $1.6 bn order from global carmaker

Hyundai Glovis receives $1.6 bn order from global carmaker

Hyundai Glovis announced on Wednesday that it received an order worth 2.2 trillion won ($1.6 billion) from a global carmaker, a record-high vehicle ...

Hyundai Steel unveils steel sheets with 30% reduction in carbon emissions

Hyundai Steel unveils steel sheets with 30% reduction in carbon emissions

South Korean steelmaker Hyundai Steel Co. announced Tuesday it succeeded in the pilot manufacturing of advanced auto steel sheets using an electric ...

Hyundai to build Santa Fe hybrid at Alabama plant ahead of schedule

Hyundai to build Santa Fe hybrid at Alabama plant ahead of schedule

South Korea’s top automaker Hyundai Motor Co. will manufacture a hybrid version of its signature SUV, the Santa Fe, in Alabama, earlier than p...

Hyundai Motor, KT in $540 million share swap deal for future mobility

Hyundai Motor, KT in $540 million share swap deal for future mobility

South Korea’s Hyundai Motor Group and telecom giant KT Corp. have agreed to expand their future mobility partnership through a 750 billion won...

Typhoon Hinnamnor shuts all POSCO furnaces for 1st time in 49 years

Typhoon Hinnamnor shuts all POSCO furnaces for 1st time in 49 years

POHANG, North Gyeongsang Province – POSCO Holdings Inc., the holding company of South Korea’s steel giant, said on Wednesday it has shut...

Hyundai opens Asia’s largest driving center in S.Korea

Hyundai opens Asia’s largest driving center in S.Korea

Hyundai Motor Group, South Korea’s top automaker, on Wednesday opened the largest driving center in Asia to showcase the performance of its ve...

Daewoo, Samsung bag $2.3 bn LNG ship order

Daewoo, Samsung bag $2.3 bn LNG ship order

Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. secured LNG ship orders worth a combined 3.2 trillion won ($2.3 bi...

Hyundai Glovis takes first step for liquefied CO2 carrier

Hyundai Glovis takes first step for liquefied CO2 carrier

South Korea’s Hyundai Glovis Co. has taken the first step in developing the world’s largest liquefied carbon dioxide (LCO2) carrier used...

Korean shipbuilders yield No.1 spot to Chinese rivals

Korean shipbuilders yield No.1 spot to Chinese rivals

South Korean shipbuilders yielded their No. 1 position to Chinese rivals in August, according to Clarkson Research on Tuesday, as they shifted towar...

Hyundai Mobis to debut Detroit Auto Show with advanced EV technology

Hyundai Mobis to debut Detroit Auto Show with advanced EV technology

South Korea’s top auto parts maker Hyundai Mobis Co. will showcase its latest electric vehicle-related technology at this year’s North A...

Lotte to invest $900 mn in Vietnam smart city project

Lotte to invest $900 mn in Vietnam smart city project

Lotte Group, South Korea’s fifth-largest conglomerate, is set to invest $900 million in Vietnam to establish a smart city as it aims to accele...

Hyundai, Kia post record sales in the US, poised to overtake Toyota

Hyundai, Kia post record sales in the US, poised to overtake Toyota

Hyundai Motor Co. and Kia Corp. saw their monthly car sales rise to record highs in the US where carmakers will soon be ineligible for state subsidi...

Private equity firms buys shipbuilder Daehan for $150 mn

Private equity firms buys shipbuilder Daehan for $150 mn

A South Korean private equity consortium has acquired Daehan Shipbuilding Co., a small-size oil tanker manufacturer, for around 200 billion won ($15...

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