Hyundai, Kia enjoy renewed popularity of LPG trucks Porter, Bongo

Hyundai, Kia enjoy renewed popularity of LPG trucks Porter, Bongo

Many economists are trumpeting weak business conditions for the coming months. But an economic slowdown isn’t all that bad for Hyundai Motor C...

S.Korea’s foreign currency deposits fall as dollar’s strength seen limited

S.Korea’s foreign currency deposits fall as dollar’s strength seen limited

South Korea’s foreign currency deposits fell for the first time in four months in January as the dollar’s further gains versus the won f...

Hyundai Motor launches EVery care for electric cars

Hyundai Motor launches EVery care for electric cars

Hyundai Motor Co. announced on Thursday that it launched EVery Care, an integrated program that will take care of customers' electric vehicle (EV) l...

Hyundai, Kia team up with KAIST on self-driving car sensor

Hyundai, Kia team up with KAIST on self-driving car sensor

Hyundai Motor Co. and Kia Corp., South Korea’s two largest automakers, have joined hands with the nation's top national research university to...

HMM, Hyundai Glovis aim for car shipping sector as rates jump

HMM, Hyundai Glovis aim for car shipping sector as rates jump

South Korea’s major ocean carriers HMM Co. and Hyundai Glovis Co. aim to take advantage of the booming car shipping business as vehicle freigh...

Cooling demand sparks layoffs at Korean spirits importers

Cooling demand sparks layoffs at Korean spirits importers

Dwindling demand for foreign beers and whiskeys in South Korea has led some local liquor importers to let go of some staff, spurring concerns about ...

Genesis G80, GV70 electric models win Canada Car of the Year awards

Genesis G80, GV70 electric models win Canada Car of the Year awards

Hyundai Motor Co. 's premium brand Genesis announced on Friday that its Electrified G80 and Electrified GV70 earned prizes at the 2024 Canadian Ca...

S.Korean used cars flow into Russia via Central Asia

S.Korean used cars flow into Russia via Central Asia

Used cars from South Korea are being funneled into Russia via Kazakhstan and Kyrgyzstan, according to automobile industry sources on Friday. These...

South Korea's car exports to US hit record high in 2023

South Korea's car exports to US hit record high in 2023

South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion’s share of South ...

BMW joins other foreign brands’ moves to use domestic car GPS in Korea

BMW joins other foreign brands’ moves to use domestic car GPS in Korea

German luxury carmaker BMW Group is installing domestic GPS navigation systems in models sold in South Korea, joining other imported car brands&rsqu...

Hyundai Motor to exceed 100 mn cumulative sales in 2024

Hyundai Motor to exceed 100 mn cumulative sales in 2024

Hyundai Motor Co. 's cumulative vehicle sales are expected to surpass 100 million units this year since it started 56 years after the launch of car ...

China’s BYD to enter South Korea’s passenger electric car market

China’s BYD to enter South Korea’s passenger electric car market

China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...

Lotte Rental, KB Capital to co-work for car rental

Lotte Rental, KB Capital to co-work for car rental

Lotte Rental Co., South Korea's largest car rental firm, has signed a strategic memorandum of understanding (MOU) with the domestic financial comp...

Hyundai Glovis, KOBC sign deal for car carriers

Hyundai Glovis, KOBC sign deal for car carriers

Hyundai Glovis Co. and Korea Ocean Business Corporation (KOBC) announced on Monday that they will sign a business agreement on Feb. 6. related to ...

Hyundai Motor to expand into secondhand EV market

Hyundai Motor to expand into secondhand EV market

Hyundai Motor Co. will expand its certified secondhand car business into electric vehicles (EVs) to increase the range of used vehicles it deals wit...

Korean steelmakers to raise prices further

Korean steelmakers to raise prices further

South Korea’s top steelmaker POSCO Holdings Inc. and its domestic peers are poised to raise product prices further to cut losses amid surging ...

Lexus tops imported car brands in Korea driver survey

Lexus tops imported car brands in Korea driver survey

Lexus ranked tops in a customer satisfaction survey of imported-car drivers in South Korea, which also found positive responses to the online purcha...

Hyundai, Kia EV sales on a roll in US due to better style, pricing

Hyundai, Kia EV sales on a roll in US due to better style, pricing

Hyundai Motor Co. and its sibling Kia Corp. sold 6,627 units of electric vehicles together in the US last month, 51% more than a year ago as their d...

Whisky imports hit record high in S. Korea amid falling wine interest

Whisky imports hit record high in S. Korea amid falling wine interest

Soaring highballs propelled whisky consumption to record heights in South Korea last year, while pandemic-driven interest in wine waned significantl...

Hyundai, BAIC join hands to develop China-only EV brand

Hyundai, BAIC join hands to develop China-only EV brand

BEIJING – Hyundai Motor Co. has joined hands with Beijing Motor Corp. (BAIC) to debut a new electric vehicle brand specifically tailored to Ch...

Hyundai Motor, SK Enmove to join forces for next-generation vehicle refrigerants

Hyundai Motor, SK Enmove to join forces for next-generation vehicle refrigerants

Hyundai Motor Group and SK Enmove Co. on Thursday signed a memorandum of understanding to collaborate in developing refrigerants for next-generation...

Hyundai Mobis unveils human-centric lighting tech for cars

Hyundai Mobis unveils human-centric lighting tech for cars

Hyundai Mobis Co., the world’s sixth-largest auto parts maker, has introduced a system that changes car interior lights depending on a driver&...

Mercedes-Benz unveils New E-Class in S.Korea

Mercedes-Benz unveils New E-Class in S.Korea

Mercedes-Benz Korea on Friday unveiled the 11th generation of its fully redesigned mid-sized The New E-Class sedan in South Korea.This latest iterat...

Hyundai, Kia dominate US Best Cars for the Money

Hyundai, Kia dominate US Best Cars for the Money

Hyundai Motor Group announced on Friday that Hyundai Motor Co. and Kia Corp. have top seven categories in the 2024 Best Cars for the Money awards in...

NPS picks tech, electronics as its favorite local stocks in 2023

NPS picks tech, electronics as its favorite local stocks in 2023

South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, picked information tech, electric and electronic s...

Hyundai sells Chongqing plant at $227 mn for China restructuring

Hyundai sells Chongqing plant at $227 mn for China restructuring

Hyundai Motor Co. has sold its plant in Chongqing for $227 million as the leading South Korean carmaker continues restructuring its business to surv...

Supernal debuts upgraded flying-car concept; Hyundai reveals MOBION

Supernal debuts upgraded flying-car concept; Hyundai reveals MOBION

LAS VEGAS – Supernal LLC, the US-based urban air mobility (UAM) affiliate of South Korea’s Hyundai Motor Group, has unveiled its latest ...

BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea

BMW overtakes Mercedes-Benz as top-selling foreign carmaker in S.Korea

BMW has overtaken Mercedes-Benz in the South Korean market, regaining the top spot in the foreign automobile sales segment for the first time in eig...

Hyundai Motor, Kia post record US sales in 2023, to rank 4th in US

Hyundai Motor, Kia post record US sales in 2023, to rank 4th in US

South Korea’s Hyundai Motor Group saw its vehicle sales in the US rise to an all-time high in 2023, driven by its latest models of recreationa...

Scrap steel price poised to rebound on lower inventories

Scrap steel price poised to rebound on lower inventories

Scrap steel prices in South Korea are poised to bounce back after hitting an annual low in the last month of 2023 amid declining scrap metal invento...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale