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March 18, 2024
Hyundai, Kia hit 5m in eco-friendly car sales
The number of eco-friendly vehicles sold by Hyundai Motor Company and Kia across the globe has surpassed five million, achieving the milestone after 15 years. According to the South Korean automaker... eco-friendly vehicles in 2009 as they debuted the hybrid models of their midsized seda...
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March 17, 2024
Hyundai, Kia hit 5m in eco-friendly car sale
...rm, has logged sales of some 290,000 units as it won multiple car of the year awards worldwide. Hyundai Motor Group, which retained the world’s third-largest automaker by sales volume for two years i...of 600,000 EV sales and 850,000 HEVs sales, up 27 percent and 25 percent on year, r...
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March 16, 2024
Major shifts among top market cap stocks on the KOSPI
...ots from 14th at the end of last year to 18th this month, while Naver slipped 3 spots from 9th to 12th. On the other hand, Samsung Electronics, SK hynix, LG Energy Solution, Samsung Biologics, and Hyundai Mobis maintained their positions in market cap rankings. In a significant shake-u...
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March 14, 2024
[KH Explains] Will KG Mobility, Korea's SUV dark horse, triumph globally?
...to penetrate overseas markets in Europe and Southeast Asia, away from its home turf dominated by Hyundai-Kia. By doubling down on its legacy of tough-looking, rugged SUVs, the company is incorporatin...n Korea for its affordability. Despite its domestic success, where it undercuts comp...
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March 14, 2024
Hyundai Motor, Kia to recall nearly 170,000 EVs over charging software error
Hyundai Motor and Kia will voluntarily recall nearly 170,000 electric vehicles (EV) to address a software error in the charging system, the government said Thursday. The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor,...
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March 13, 2024
US operations of Hyundai, Kia turn profitable in 2023
Major global offices of Hyundai Motor Company and Kia turned into the black last year as the South Korean automakers logged record-high earnings on surging sales across the world, according to their audit and business reports on Wednesday. According to the audit report of Hyundai
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March 13, 2024
US gains propel Kospi to 2-year intraday high
... said. “The AI rally stretched out to the local stock market.” Tech heavyweight Samsung Electronics' shares stood at 73,700 won, marking a 0.55 percent gain, while the country's leading automaker Hyundai Motor Group stood at 245,500 won, up 1.66 percent. But chipmaker SK hynix shed ...
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March 13, 2024
[KH Explains] Will Webull reshape Korea's mobile trading?
...Webull Korea Preliminary in March 2022, marking its initial stride toward expansion into the Korean market. In July, it appointed Rhee, previously associated with Korea Investment & Securities and Hyundai Motor Securities, as the CEO of the overseas entity. What is Webull? Renowned fo...
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March 12, 2024
Hyundai E&C inks power purchase deal with Glennmont
Hyundai Engineering & Construction announced Tuesday that the company has signed a power purchase agreement with Glennmont D&D Solar Holdings to aid in Hyundai Motor Group’s use of renewable energies... electricity brokerage market and has been supporting affiliates of Hyu...
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March 12, 2024
HD Korea Shipbuilding wins 688 bln-won order for 4 oil tankers
...88 billion-won ($525.4 million) order to build four crude oil carriers for a shipper in Europe. Hyundai Samho Heavy Industries, one of HD Korea Shipbuilding's three shipbuilding units, will construct...building, oil refining and machinery conglomerate HD Hyundai, has three do...
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March 11, 2024
HD Hyundai partners with Naver to speed up digital transformation
HD Hyundai has teamed up with Naver to accelerate its digital transformation, the South Korean shipbuilding giant said Monday. According to the announcement, representatives from the South Korean sh...Naver's stable cloud infrastructure and proven AI technology will be a catalyst for adv...
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March 11, 2024
[KH Explains] Missing pieces of 'value-up' program
... There was also a lack of coercion for companies to increase the amount of shareholder return,” said Sangsangin Investment & Securities analyst Hwang Joon-ho. Major chaebol groups -- Samsung, SK, Hyundai Motor and LG account for over 45 percent of the combined market capitalization of...
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March 11, 2024
Samsung’s H1 hiring season starts Monday
...said in October 2022 when he took on the chairmanship. Other major conglomerates, including SK, Hyundai Motor and LG, are also carrying out separate recruitment programs to secure talented employees,...robotics, software and next-generation battery development, to sales, marketing and ...
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March 11, 2024
Factorial Energy, Hyundai Motor step forward in EV battery development
Hyundai Motor Group, the world’s third-largest carmaker, is getting closer to testing the production of electric vehicles equipped with solid-state batteries in collaboration with Factorial Energy, a...of its auto partners without disclosing the name of the original equipment manufacture...
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March 08, 2024
Hyundai Mipo Dockyard christens ship set for self-sailing test
South Korean shipbuilder Hyundai Mipo Dockyard on Friday held a christening ceremony for a container ship in this southeastern port, which is slated to undergo a test for autonomous navigation. The ...building, oil refining and machinery conglomerate HD Hyundai, has three domes...
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March 07, 2024
Hyundai Motor begins trade-in services for EVs
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
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March 07, 2024
Hyundai E&C seeks to join UK SMR project
Hyundai Engineering & Construction announced Wednesday that the company signed business agreements with US energy equipment supplier Holtec International, and with UK construction firms Balfour Beatt...cross the UK. Which SMR models and how many of them will be construct have not been dis...
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March 07, 2024
HD Hyundai Heavy opens engineering office in Manila
South Korean shipbuilding giant HD Hyundai Heavy Industries said Thursday it has opened an office in the Philippines in an effort to tap deeper into Southeast Asia's growing warship market. HD Hyund...building, oil refining and machinery conglomerate HD Hyundai, has three domes...
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March 07, 2024
4 carmakers to recall nearly 70,000 vehicles for faulty parts
Hyundai Motor, BMW Korea and two other carmakers will recall nearly 70,000 vehicles due to faulty components, the transport ministry said Thursday. The four companies, including Kia and Stellantis K...rability of engine oil supply pipes in 22,803 units of the EQ900, G80 and G70 models of...
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March 06, 2024
Korean firms eye chances in net zero, global market: ChatGPT report
...and industrial landscape, Korean companies must pay attention to AI and carbon neutrality in technology and look for emerging markets to replace China in the market,” Said Joo Won, director of the Hyundai Research Institute. The report said that new business opportunities could be cre...