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South Korea’s Hyundai Mobis said on July 2 it has injected 25 billion won ($20 million) in Silicon Valley tech funds ACVC Partners and MOTUS Ventures, as part of its move to secure future mobility te...
Hyundai Motor Group said on May 28 it has clinched a partnership deal with Sony Pictures Entertainment to allow customers experience its future mobility and new technologies via the latter’s platform...
LG Chem deployed most of its electric vehicle batteries globally in the first quarter thanks to client company Tesla’s strong sales, data showed on May 13. According to market tracker EV Volumes, LG...
Hyundai Motor emerged as a major electric vehicle maker last year, SNE Research said on Feb. 5. The sales of the South Korean automaker’s EVs soared 2.7 times in 2019 backed by the popularity of Kon...
Hyundai Motor Group said Jan. 2 it will invest more than 100 trillion won ($86.6 billion) in the next five years to increase its presence in the future mobility markets. “We are planning to launc...
Hyundai Motor and Kia Motors have begun to voluntarily recall more than 640,000 vehicles to fix faulty components, South Korea’s Transport Ministry said Dec. 30. This is the latest in a series of...
Hyundai Motor said Dec. 23 its face-lifted Grandeur sedan has received more than 50,000 preorders in just over a month since the vehicle’s launch at home. The carmaker said it received orders for...
Workers at SsangYong Motor on Dec. 19 accepted a cut in bonuses and other cost-saving measures proposed by the company amid declining sales. They have agreed to the company’s proposals that requi...
Kia Motors said Dec. 12 it is targeting to sell 70,000 units of the all-new K5 in the domestic market next year. Its midsize sedan has gone on sale after receiving preorders of 16,000 units in the p...
Hyundai Motor said Dec. 11 it will supply more than 1,200 Sonata gasoline hybrid sedans as taxis to Dubai next year. The company has signed deals with the Dubai Taxi Corp. and Cars Taxi to delive...
Hankook Tire & Technology said Dec. 10 it began to supply tires for Audi’s SQ8 TDI SUV in October. The company supplies the high-performance Ventus S1 evo 3 SUV tires for the high-performance SQ8...
Electric vehicle models reached over 40 percent of Hyundai Motor and Kia Motors’ environmentally friendly vehicle sales in the January-October period, an automobile association said Dec. 9. In th...
More than a half of new cars manufactured by South Korean carmakers Hyundai and Kia sold in US were sport utility vehicles, reaching the highest mark since its operation in the world’s second-largest...
Imported car sales in South Korea rose 14 percent on-year last month, helped by new models, industry data showed Dec. 4. The number of newly registered foreign vehicles rose to 25,514 units in No...
Hyundai Motor said Dec. 4 it will invest 61 trillion won ($51 billion) in its core automobile and future mobility businesses by 2025. The decision is designed to enhance the competitiveness of it...
Russia approves HDC’s Asiana takeover, final stage for merger deal cleared: HDC
Hyundai Mobis invests W25b in US tech funds for future mobility
Korean PEF inches closer to KDB Life acquisition
Authorities to expand local companies’ access to financial database
Kakao Pay Securities highlights fun factor in stock trading
Watchdog urges full compensation for damages from ponzi-involved Lime fund
Seoul emerges top 20 in global startup ecosystem report
FSS finds no proof on alleged hacking attempts of Toss: sources
July 05, 2020
