-
February 22, 2024
Hyundai, KAIST work on self-driving sensors
Hyundai Motor Group’s automakers -- Hyundai Motor and Kia -- have joined forces with the Korea Advanced Institute of Science and Technology to establish a joint laboratory to develop the next generation of sensors for light detection and ranging, of lidar. According to their a...
-
February 21, 2024
[KH Explains] Will BYD redefine EV affordability in Korea?
...by 1.9 percent to 117,611 units, a significant change from the over 73 percent increase in 2022. Hyundai-Kia maintained its stronghold, capturing about 60 percent of the EV market. This raises questio...anticipated to redefine what affordability means in Korea, a market where the leadin...
-
February 20, 2024
Hyundai Motor, Supernal in search of best talents for advanced air mobility
Hyundai Motor Group and its US-based advanced air mobility subsidiary Supernal are ramping up efforts to attract top urban air mobility talents as they aim to debut flying taxis in South Korea and the US in 2028. According to Hyundai Motor Group’s online recruitment notice on ...
-
February 20, 2024
Coupang, Yuhan join labor policy-focused business lobby
...lectronics. The number of workers employed by Coupang and its logistics subsidiaries Coupang Fulfillment Service and Coupang Logistics Service exceeds 69,000 as of the end of last year while No. 3 Hyundai Motor had 68,400 workers. Yuhan Corp. is also expected to join the group. The pha...
-
February 18, 2024
Hyundai takes over Mobis' hydrogen fuel cell business
Hyundai Motor Company has acquired a hydrogen fuel cell business from the group's affiliate and auto parts supplier Hyundai Mobis at 217 billion won ($163 million) to consolidate the group's hydrogen...inalized on Friday, includes a complete transfer of assets, personnel, and op...
-
February 18, 2024
LS Cable, Germany’s VAC team up for EV magnets
... dominated by a few companies outside of China. LS Eco Advanced Materials specializes in EV engine parts like drive motor windings, or power coils, supplying them to Korean car manufacturers like Hyundai and Kia. This new venture is expected to further cement the company's role in the ...
-
February 18, 2024
Hyundai Motor to cut foreign chip reliance with local push
South Korea's Hyundai Motor Group has initiated a project aimed at significantly boosting the local production and procurement of automotive semiconductors from early this year, according to industry...ring the global pandemic, are expected to be resolved through the initiative. Over 90 p...
-
February 16, 2024
[KH Explains] Will Korea's new EV subsidies undercut Tesla's edge?
...oint for the broader market is critical," said Yang Jin-soo, who heads the auto industry unit at Hyundai Motor Group's Business Research Center. What’s exactly new with the EV subsidies? Korea's lat...l Y alone is estimated at around $24 million. Which EV models' subsidies are chang...
-
February 16, 2024
[KH Explains] Will Korea's new EV subsidies undercut Tesla's edge?
...oint for the broader market is critical," said Yang Jin-soo, who heads the auto industry unit at Hyundai Motor Group's Business Research Center. What’s exactly new with the EV subsidies? Korea's lat...l Y alone is estimated at around $24 million. Which EV models' subsidies are chang...
-
February 15, 2024
SK chief headed to Germany, Spain to bolster ties
... also expected to travel to Barcelona, Spain, to attend a global IT show, the MWC Barcelona, from Feb. 26 to Feb 29. Among the chiefs of the country's top four conglomerate groups -- Samsung, SK, Hyundai and LG -- Chey is reportedly the only one joining the economic delegation, taking ...
-
February 15, 2024
HD Hyundai to develop large liquefied hydrogen carrier by 2030
HD Hyundai will develop a commercial large liquefied hydrogen carrier by 2030 in accordance with the hydrogen value chain cooperation with global leaders in the sector, the South Korean shipbuilding ...igned a memorandum of understanding with Woodside Energy, a major Australian energy com...
-
February 15, 2024
Hyundai Motor fast-tracks US EV plant to 2024
Hyundai Motor Group has once again moved up the launch of its new US plant solely dedicated to producing electric vehicles to October this year, three months ahead of its current schedule, to enhance...rtain foreign nations, most notably China. The metaplant is slated to produce six mode...
-
February 13, 2024
Korea’s defense exports amount to $14b last year
...years. Negotiations are underway for exporting K-9 self-propelled artillery to Romania and multiple launch rocket systems to Poland, among other deals. Furthermore, Korea Aerospace Industries and Hyundai Rotem are also expecting significant orders, with KAI in talks with Egypt and Euro...
-
February 13, 2024
Hyundai Motor nears 100m sales milestone
Hyundai Motor Group is highly likely to surpass the 100-million-vehicle sales mark this year, 56 years after it started selling cars in Korea in 1968. According to the carmaker on Monday, it has sol...ning 73 million, or 75 percent, were sold internationally. To achieve the 100 million m...
-
February 13, 2024
US closes engine fire probe into Hyundai, Kia vehicles
The US auto safety authorities have closed a probe into engine fire risks on Hyundai Motor and Kia vehicles as the South Korean automakers’ recalls have lowered fire rates, according to Reuters Thursday. The National Highway Traffic Safety Administration said the majority of the recalle...
-
February 13, 2024
Foreign investors rush to ‘undervalued’ stocks
...t a net total of 5.48 trillion won ($4.11 billion) on the Kospi between Jan. 25 and Thursday last week, before the long holiday weekend. Shares most bought by foreign investors in the period were Hyundai Motor (1.23 trillion won), Kia (539 billion won), Samsung C&T (307 billion won) an...
-
February 08, 2024
HD Hyundai to set up relief fund for shipyard accidents
South Korean shipbuilding giant HD Hyundai said Wednesday that it will set up a foundation to support bereaved families of victims of industrial accidents at shipyards – the first of its kind within ...ated 100 million won ($75,477) out of his pocket. The group’s three shipbuilding affi...
-
February 06, 2024
Hyundai Motor India to go public this year: reports
Hyundai Motor India, South Korean conglomerate Hyundai Motor Group’s local subsidiary, is planning to float its shares in an initial public offering on the Indian stock market before the end of this year, according to reports Monday. Citing unnamed sources, The Economic Times ...
-
February 05, 2024
[KH Explains] US Election: calm before the storm for Korean auto, battery makers
... via international partners. Taking the US-first legislation in stride, Korean companies, namely Hyundai Motor Group, LG Energy Solution, Samsung SDI and SK On, have committed billions of dollars to b...n voiced concerns over the "Trump Risk." However, industry insiders appear to remain...
-
February 02, 2024
Posco’s six chairman candidates unveiled
...for his ability to identify and nurture new business opportunities. He has held leadership positions at LG Group’s key affiliates including LG Display, LG Chem and LG Uplus. Woo Yoo-cheol, former Hyundai Steel vice chairman, who has ascended ranks in the steel sector, transitioning fr...