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March 06, 2024
Hyundai Motor, Kia showcase latest electrification tech at EV Trend Korea
Hyundai Motor and Kia, South Korea's leading automakers, said Wednesday they showcased the latest technologies involving their electric vehicles (EV) at the annual EV Trend Korea exhibition held in S...of EVs. This year's three-day event kicked off at the COEX convention center in souther...
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March 05, 2024
Warship-making Hanwha and HD Hyundai at loggerheads
The dispute between South Korea’s two major shipbuilders -- Hanwha Ocean and HD Hyundai Heavy Industries, housed under Hanwha Ocean and HD Hyundai Heavy Industries, respectively -- is escalating, wit...ainst HD Hyundai Heavy Industries is nothing more than a difficult...
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March 05, 2024
[From the Scene] The Hyundai Seoul turns Yeouido into young shoppers' mecca
... previously peaked at between 30,000 and 50,000 on Saturdays and Sundays in 2020. But after The Hyundai Seoul’s launch in February 2021, the figure started to rise despite the social distancing rules...020 came to some 1.3 million, but it increased to 1.7 million in January 2024. “V...
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March 05, 2024
Hyundai Motor teams up with South Chungcheong Province for future mobility
...s regional bases and an unmanned aircraft system that transport logistics. Under the agreement, Hyundai Motor Group decided to give priority consideration to using the area around Seosan and Taean as...stablishment of the component test and evaluation center of the future aircraft, gre...
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March 04, 2024
[KH Explains] Shipping constraints shackle Korea's auto export boom
...ibuting to a trade surplus of $55 billion as the country's top export item. Severe disruptions Hyundai Motor and Kia, the top two Korean carmakers, are among those hit hard by the carrier scarcity, ...ps finally hit the water in 2027, we might see an oversupply in the market,” he add...
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March 04, 2024
Hyundai Motor introduces revamped Ioniq 5 EV
Hyundai Motor, South Korea's leading automaker, on Monday announced the release of a redesigned version of its Ioniq 5 electric vehicle. The revamped Ioniq 5 features an increased battery capacity, growing from 77.4 kWh to 84.0 kWh, which in turn increases its all-electric range. It can ...
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March 04, 2024
Global tech titans rush to visit Seoul to win AI leadership
...ased its virtual reality headset, the Quest 3, at the end of last year, while its archrival Apple’s latest Vision Pro headset was launched in the US earlier last month. Keller reportedly met with Hyundai Motor Group executives during his two-day visit to Korea, aiming to bolster the p...
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February 29, 2024
[KH Explains] What does Apple's dead car project mean for Samsung, Hyundai?
...rategies of its rivals across industries. There will be no exception for Samsung Electronics and Hyundai Motor Group, the nation’s top companies that seem eager to secure an earlier edge in the burgeo... call on Jan. 31 that it will no longer allocate capital to Motional, a 50:50 joint...
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February 29, 2024
LG Uplus seeks partnership with Google, Meta in AI push
...t of chatbots and virtual assistants. This collaboration follows LG Uplus's recent investment of 10 billion won ($7.5 million) in 42Maru last month. This technology has already seen application in Hyundai’s electric vehicles, starting with the Ioniq 5 model in 2021. While specific det...
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February 29, 2024
Hyundai's Hillstate Dongtan Forest offers unique opportunities
Hyundai Engineering & Construction, South Korea's construction giant, announced on Thursday its search for additional tenants at Hillstate Dongtan Forest, a public-supported private rental apartment ...fortable living experience. Setting itself apart from other public-supported rental ap...
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February 28, 2024
US Navy secretary scouts Korean shipbuilders for fleet support
US Secretary of the Navy Carlos Del Toro toured the shipyards of HD Hyundai Heavy Industries and Hanwha Ocean on Tuesday to explore their military shipbuilding capabilities for handling comprehensive... to strengthen the US naval presence in Asia in response to China's rapidly expanding f...
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February 28, 2024
Hyundai wins most safety awards in US assessment
“We appreciate the more challenging requirements that the IIHS required in 2024 to earn the TSP and TSP+ awards,” said Latouf. “The changes made to our vehicles to win these tougher awards offer the highest level of protection for our customers and other vulnerable road users. Safety is a top p...
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February 28, 2024
Hyundai Motor, University of London launch 'Centre for Sustainable Structural Transformation'
Hyundai Motor Group and the School of Oriental and African Studies (SOAS) at the University of London, UK, have jointly inaugurated the “Centre for Sustainable Structural Transformation.” The openin...lows the prior inception, the previous year, of the Development Leadership Dialogue I...
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February 28, 2024
Hyundai Motor’s innovation and competition acclaimed
Hyundai Motor Group’s trailblazing electric vehicles have earned rave reviews and charted a path to success under the leadership of Chair Chung Euisun. CNBC, the premier economic news broadcaster in... Hyundai that first entered the American automobile market years ago." The ...
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February 27, 2024
[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
Industrial impact According to government estimates, about 250 companies, including Samsung Electronics and Hyundai Motor Group, will be subject to the 15 percent minimum rule. Authorities cautioned about a heightened impact on the auto and energy sectors, which have been benefiting fro...
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February 27, 2024
[KH Explains] Will Yoon's 'value-up' drive end Korea discount?
...irmed last month that related measures would be announced. Samsung's de facto holding company Samsung C&T and SK Inc., the holding firm of SK Group, saw a price surge. Market heavyweights such as Hyundai Motor Group and Kia saw a boost in their share prices as investors deemed the stoc...
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February 27, 2024
Posco International to expand motor core plants in Mexico, Poland
...re orders from prominent European clients, building on an order of 1.03 million motor cores from Hyundai Motor in January. Simultaneously, the board greenlit the construction of a second plant in Mex...articularly, the second Mexican plant will cater to the demand for 2.72 million moto...
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February 27, 2024
Hyundai E&C share jumps on potential Bulgarian deal
Hyundai Engineering & Construction shares jumped Monday as the company has been tapped as the preferred bidder for a $14 billion worth nuclear plant project in Bulgaria. The builder's shares ended a... expects to disclose the details in April, including the size of the contract,” an off...
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February 27, 2024
Ex-ministry official to join Hyundai’s global policy team
Hyundai Motor Group said Sunday that Woo Jung-yeop, a former director-general for strategy at South Korea's Ministry of Foreign Affairs, is joining its Global Policy Office as a senior vice president. This appointment, effective Monday, is part of Hyundai's efforts to strengthe...
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February 23, 2024
Samsung, LG maintain TV leadership amid Chinese rush
... business, which posted a profitability rate of 7 to 9 percent from 2017 to 2019, centered on OLED TVs, and the rate is unlikely to improve in the short term," said Noh Geun-chang, a researcher at Hyundai Motor Securities. Noh forecast that the operating margin for LG's TV business thi...