Hyudai Motor Group
Scope
Date
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Fiber & Textile
Kolon launches composite materials firm Kolon Spaceworks
South Korea's Kolon Group announced on Monday it launched a new advanced composite materials company Kolon Spaceworks.Kolon Spaceworks is being es...
Jul 01, 2024 (Gmt+09:00)
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Corporate investment
SK Group, led by SK Hynix, to invest $77 billion in AI, chips
SK Group, South Korea’s second-largest conglomerate after Samsung, is investing 106.4 trillion won ($77 billion) in artificial intelligence an...
Jul 01, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor to set up software R&D center in Silicon Valley
Hyundai Motor Group, the world’s third-largest carmaker, is set to establish a software research center in Silicon Valley as software is becom...
Jul 01, 2024 (Gmt+09:00)
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Automobiles
Hyundai Mobis combines electrification, module divisions
Hyundai Mobis Co., the world’s sixth-largest auto parts maker, said on Friday it has merged its electrification and module divisions to stream...
Jun 30, 2024 (Gmt+09:00)
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Executive reshuffles
Lotte Group's heir apparent joins Japan holding firm's board
Shin Yoo-yeol, the heir apparent to Lotte Group, has been elected to the board of directors of its Japanese holding company, which serves as a link ...
Jun 27, 2024 (Gmt+09:00)
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Insurance
Woori to buy Dajia’s insurers in Korea for up to $2.2 bn
Woori Financial Group Inc., South Korea’s fourth-largest financial services holding company, is set to acquire China’s Dajia Insurance G...
Jun 26, 2024 (Gmt+09:00)
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Korean startups
SK Innovation-backed Marine Innovation looks to enter US green market
Marine Innovation Co., a South Korean eco-friendly social venture company sponsored by the country’s top energy firm SK Innovation Co., is par...
Jun 25, 2024 (Gmt+09:00)
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Corporate restructuring
SK Inc. in talks to sell Pharmteco’s US CDMO plant to Novo Nordisk
SK Inc., the holding and investment company of SK Group, South Korea’s second-largest conglomerate, is negotiating to sell a major asset of it...
Jun 25, 2024 (Gmt+09:00)
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Corporate restructuring
SK Ecoplant seeks to absorb SK Materials' industrial gas units
SK Ecoplant Co., a South Korean construction engineering and waste management company, is seeking to absorb the profit-making subsidiaries of SK Mat...
Jun 24, 2024 (Gmt+09:00)
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Private equity
Affinity to buy Korea's No. 2 car leasing firm for $591 mn
Affinity Equity Partners will buy a 100% stake in South Korea’s second-largest car leasing company SK Rent-a-Car Co. for 820 billion won ($591...
Jun 20, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor debuts 2025 Avante with improved cluster space use
Hyundai Motor Co. announced on Thursday that it has launched the updated model of the compact sedan, 2025 Avante, and has begun full-scale sales.Sin...
Jun 20, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Innovation looks to merge with SK E&S for organic growth
SK Innovation Co., the parent of South Korea’s largest oil refiner SK Energy Co. and battery maker SK On Co., is looking to merge with energy ...
Jun 20, 2024 (Gmt+09:00)
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Executive reshuffles
Shinsegae hires Alibaba Korea head to lead online mall Gmarket
Shinsegae Group, South Korea’s retail giant, on Wednesday launched sweeping top-level management overhauls for Gmarket Inc. and SSG.COM. to ti...
Jun 19, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor eyes hydrogen value chain leadership
Hyundai Motor Group will expand its cooperation with global companies to boost its presence in the hydrogen value chain from production to distribut...
Jun 18, 2024 (Gmt+09:00)
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Travel & Leisure
Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall
Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...
Jun 18, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor to produce Genesis cars in Kazakhstan
Hyundai Motor Group will produce Genesis models from its knock-down (KD) plant in Kazakhstan to bolster the South Korean auto giant’s luxury m...
Jun 17, 2024 (Gmt+09:00)
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Automobiles
Hyundai files for 1st overseas unit IPO in India: reports
Hyundai Motor Co.'s Indian unit filed for an initial public offering with the Securities and Exchange Board of India on Saturday to raise up to $3 b...
Jun 16, 2024 (Gmt+09:00)
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Automobiles
Innocean produces Hyundai Motor ad using GenAI
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, said on Friday that it launched three new digital campaigns...
Jun 14, 2024 (Gmt+09:00)
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Beauty & Cosmetics
L'Oréal to nurture K-Beauty startups
L'Oréal, the world's largest cosmetics group, announced on Wednesday that it is recruiting digital and innovative technology companies to p...
Jun 13, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Doosan Bobcat to buy ex-sibling Mottrol for $178.6 million
Doosan Bobcat Inc., a major compact construction machinery and equipment maker under South Korean conglomerate Doosan Group, will buy back its forme...
Jun 12, 2024 (Gmt+09:00)
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Electric vehicles
POSCO Int'l breaks ground on traction motor core plant in Poland
South Korea's POSCO International Corp., broke ground on the new electric vehicle (EV) traction motor core plant in Brzeg, Opole Voivodeship, Poland...
Jun 12, 2024 (Gmt+09:00)
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Energy
SK Ecoplant builds rooftop solar panels at Samil Vina in Vietnam
SK Ecoplant Co., a South Korean construction engineering and waste management company, said on Tuesday it has completed building rooftop solar panel...
Jun 11, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor releases Casper Electric teaser images
Hyundai Motor Co. on Tuesday released a teaser image of the electrified model of its first city sports utility vehicle (SUV) The Casper Electric.T...
Jun 11, 2024 (Gmt+09:00)
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Waste management
Carlyle, Keppel, Gaw Capital, IMM vying for Ecorbit
Carlyle Group, Temasek-backed Keppel Corp., Gaw Capital Partners, and a consortium of IMM Investment and IMM Private Equity have been selected as fi...
Jun 10, 2024 (Gmt+09:00)
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ESG
Hyundai Motor to restore forest ecosystem
Hyundai Motor Co. announced on Monday that it signed a memorandum of understanding (MOU) for a Sustainable Forest Ecosystem Restoration Project with...
Jun 10, 2024 (Gmt+09:00)
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Leadership & Management
HD Hyundai’s ascent driven by visionary spinoff push
Many cast doubts on HD Hyundai Group’s decision to separate its ship maintenance, repair and overhaul (MRO) service in 2016. The move, however...
Jun 10, 2024 (Gmt+09:00)
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Korean games
S.Korean IT companies partner with K-pop girl groups
South Korean game companies like Krafton Inc. and Nexon Korea Corp., and telecom firms such as SK Telecom Co., are collaborating with K-pop girl gro...
Jun 10, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor launches 2025 model year of Grandeur
Hyundai Motor Co. announced on Wednesday that it launched its flagship sedan Grandeur's model year the 2025 Grandeur. The Grandeur is Hyundai M...
Jun 05, 2024 (Gmt+09:00)
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Retail
Shinsegae guarantees PE firms’ SSG.COM exit amid delayed IPO
Shinsegae Inc. and its supermarket chain operator E-Mart Inc. will bring in at least one investor by the end of this year to buy shares in SSG.COM f...
Jun 04, 2024 (Gmt+09:00)
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Robotics
Sampyo Group enters automated robotic parking business
South Korea's SP&Mobility, a robotics unit of Sampyo Group, unveiled its MPSystem on Monday, an automated robotic parking system designed to rep...
Jun 04, 2024 (Gmt+09:00)