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Renault has placed its South Korean unit under the expanded Africa-Middle East-India-Pacific regional headquarters in its realignment of six regional business headquarters, Renault Samsung Motors sai...
South Korea is aiming to get all commercial vehicles in the country to run on hydrogen fuel cells by 2035 in a move to help ease fine dust air pollution, the Transport Ministry said on March 20. ...
Hyundai Mobis has partnered with Russia’s biggest technology company Yandex NV to jointly develop autonomous vehicles, the company said on March 20. In its research and development center in Yong...
South Korea’s ICT service provider Hyundai AutoEver is poised to raise 168.4 billion won ($148.63 million) in its forthcoming initial public offering, a disclosure showed on March 18. Hyundai AutoEv...
The British Embassy in Seoul said on March 18 it will help carmaker Jaguar Land Rover’s promotion of its all-electric vehicle in South Korea amid rising demand for environmentally friendly cars. ...
US hedge fund Elliott Management said on March 18 that its dividends proposal for Hyundai Motor and its auto parts affiliate Hyundai Mobis will not affect their liquidity or future investment plans. ...
The number of preorders for Hyundai Motor’s all-new Sonata has surpassed the 10,000 mark in five days across the country since the carmaker start receiving orders on March 11, the company said on Mar...
Shareholders of Kia Motors voted on March 15 to name Hyundai Motor Group Executive Vice Chairman Chung Eui-sun as director at the key affiliate. The automotive conglomerate’s heir apparent has se...
Hyundai Motor Group won support from the National Pension Service for its key proposals ahead of its shareholders meeting on March 22, in a blow to Elliott Management. Elliott Corp. founder Paul Si...
GM Korea said on March 14 it will supply at least 6,000 Chevrolet Bolt electric vehicles this year amid rising local demand for environmentally friendly vehicles. The target volume for this year ...
The number of South Korean cars shipped overseas fell 1.6 percent on-year in February due to weaker demand for sedans and a smaller number of business days, government data showed on March 14. Ac...
Eight imported vehicle brands, including one two-wheeler importer, will voluntarily recall nearly 74,000 vehicles to repair faulty components, the Transport Ministry said on March 14. This is the la...
Kia Motors on March 12 launched the upgraded K5 sedan in the domestic market to boost sales. Higher-trim models of the upgraded K5 come with safety features, such as the front collision avoidance...
Hyundai AutoEver said on March 12 it will lead the group’s paradigm shift by providing new platform-based IT services through its planned listing on the country’s main stock market this month. Th...
US proxy adviser Glass Lewis has stepped up its support for Hyundai Motor Group in its battle against Elliott over the issue of dividend payouts, officials said on March 10. While urging sharehol...
E-commerce giant launches video streaming service Coupang Play
Vice minister warns against market overheating during crisis management
Posco International invests in local laser cutting application firm
SK sets up hydrogen business group
Naver Cloud, GS Global join hands for overseas market
S. Korea invests $9.8m in World Bank green trust fund
Korean Air to sell Incheon yacht marina
Apple to make harder push in Korea with 2nd Apple Store
January 16, 2021
