Hyundai Assan Otomotiv Sanayi ve Ticaret A.S.
Scope
Date
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Leadership & Management
S.Korea's HD Hyundai chairman: We can’t rely on bad profits
Kwon Oh-gap, chairman and co-CEO of South Korea's HD Hyundai Co., has ordered his company not to rely on “bad profits” gained from tempo...
Jul 31, 2023 (Gmt+09:00)
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Earnings
Doosan Bobcat logs strong earnings on N.America price hikes
Doosan Bobcat Inc., the construction and agricultural machine manufacturer of South Korea’s Doosan Group, enjoyed strong earnings on still-sol...
Jul 30, 2023 (Gmt+09:00)
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Automobiles
Volvo tops S.Koreans’ favorite foreign car survey list for service
Sweden's Volvo offers the best after-sales service among imported automobile dealers in South Korea, while locals drivers are disappointed by the cu...
Jul 30, 2023 (Gmt+09:00)
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Retail
Goyard bags high on SE Asians’ shopping list in S.Korea
Goyard outlets in Seoul bustled with shoppers on Friday, especially from Southeast Asia, looking for the French luxury brand’s popular bags: G...
Jul 28, 2023 (Gmt+09:00)
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Earnings
S.Korean tire producers rally on strong demand, low costs
South Korean tire manufacturers enjoyed healthy earnings thanks to strong global demand for electric vehicles and new cars adding to expectations th...
Jul 28, 2023 (Gmt+09:00)
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North Korea
N.Korea's GNI lower than S.Korea's minimum monthly wage in 2022
It is estimated that North Korea's economic growth rate recorded -0.2% last year. This marks the third consecutive year of negative growth since the...
Jul 28, 2023 (Gmt+09:00)
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Arts
Hanwha to turn Seoul landmark into modern art hub
Standing 249 meters (817 feet) high, 63 SQUARE, well known as the 63 Building to older generations, was once the tallest building in Seoul until it ...
Jul 28, 2023 (Gmt+09:00)
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Carbon neutrality
Hyundai, Kia deploy CO2 emission monitor system for cooperative firms
South Korea's Hyundai Motor Co. and Kia Corp. revealed on Friday their AI-integrated, blockchain-enabled Supplier CO2 Emission Monitoring System (SC...
Jul 28, 2023 (Gmt+09:00)
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Travel & Leisure
S.Korea in June sets post-COVID-19 monthly high in foreign visitors
The (South) Korea Tourism Organization (KTO) on Friday said 961,000 foreign visitors came to the country last month, a 321.9% jump from June last ye...
Jul 28, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Hanwha Group puts savings bank on market, a clear succession path
Hanwha Group, South Korea’s chemicals-to-defense conglomerate, has put its non-core financial unit Hanwha Savings Bank up for sale, in a move ...
Jul 28, 2023 (Gmt+09:00)
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Robotics
KT, LG Elec, Hyundai Elevator join robot-elevator project
A robot freely gets on and off an elevator and moves around a building, doing everything from coffee to parcel delivery and route guidance.This is t...
Jul 28, 2023 (Gmt+09:00)
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Food & Beverage
Samyang’s Hot Chicken Flavor Ramen sales exceed 5 bn
South Korea's Samyang Foods Co. announced on Friday that the cumulative sales of ramen with its Hot Chicken Flavor Ramen, or Buldak-bokkeum-myeon br...
Jul 28, 2023 (Gmt+09:00)
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Bio & Pharma
S.Korea’s aid service Boram Group enters companion animal market
South Korea’s Boram Group, whose main affiliate is an aid company, has entered the companion animal market. Affiliates Boram Sangjo and ...
Jul 28, 2023 (Gmt+09:00)
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Pension funds
NPS commits $724 mn to CVC Capital’s ninth PE fund
South Korea’s National Pension Service (NPS), the world’s third-largest pension fund, has committed €650 million ($724 million...
Jul 27, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Motor eyes EV charger alliance in US to take on Tesla
South Korea’s Hyundai Motor Co. and Kia Corp. are planning to join BMW, General Motors, Honda Motor, Mercedes-Benz and Stellantis to collectiv...
Jul 27, 2023 (Gmt+09:00)
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Earnings
Kia revises up 2023 OP target after record Q2 earnings, to expedite EV push
Kia Corp. has revised upwards its operating profit target for this year to up to 12 trillion won ($9.4 billion) after reporting its best-ever quarte...
Jul 27, 2023 (Gmt+09:00)
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Automobiles
Hyundai partners with 5 universities for carbon neutrality center
In a bid to accelerate the development of carbon-neutral technologies, Hyundai Motor Group has joined forces with prominent domestic universities.Th...
Jul 27, 2023 (Gmt+09:00)
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Construction
HD Hyundai XiteSolution to surpport Ukraine's reconstruction
HD Hyundai Co. announced on Thursday that Dmytro Ponomarenko, the Ukrainian Ambassador to South Korea, and his delegation visited the Pangyo HD Hyun...
Jul 27, 2023 (Gmt+09:00)
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Retail
Emart partners with KOTRA to help S.Korean SMEs export
South Korea’s largest hypermarket chain Emart Inc. is partnering with Korea Trade-Investment Promotion Agency (KOTRA) to expand its overseas f...
Jul 27, 2023 (Gmt+09:00)
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Hydrogen economy
SK E&S, Plug Power to strengthen hydrogen partnership
South Korea's SK E&S Co. and Plug Power, a global hydrogen solutions provider, have reinforced their commitment to accelerating the developmen...
Jul 27, 2023 (Gmt+09:00)
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Mergers & Acquisitions
Macquarie seeks to sell off Korea’s tank terminal operator
Macquarie Korea Asset Management seeks to sell off a Korea tank terminal operator six years after the acquisition, at around 400 billion won ($314.8...
Jul 27, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea's shipbuilders near $9.4 bn in LNG carrier orders from Qatar
South Korea's top three shipbuilders -- HD Hyundai Heavy Industries Co., Hanwha Ocean Co. and Samsung Heavy Industries -- as early as September wi...
Jul 27, 2023 (Gmt+09:00)
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Fashion
S.Korea’s men’s fashion platform Deps launches offline store
Deps, a men’s fashion platform launched by South Korean fashion brand incubator Hago L&F, is accelerating its market offensive through the...
Jul 27, 2023 (Gmt+09:00)
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Earnings
Hyundai Steel extends profit streak in Q2 on brisk auto steel sales
Hyundai Steel Co., South Korea’s second-largest steelmaker, plans to ramp up automotive and eco-friendly steel production after posting an ope...
Jul 26, 2023 (Gmt+09:00)
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Carbon neutrality
SK E&S seeks Australia's support for Barossa LNG, CCS projects
SK E&S Co. has asked Australia to support its liquefied natural gas fields in the country and a carbon capture and storage (CCS) project in neig...
Jul 26, 2023 (Gmt+09:00)
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Energy
KEPCO KPS signs O&M extension agreement for Uruguay power plant
South Korea’s KEPCO KPS signed an extension agreement with the Uruguayan Electricity Authority (UTE) on Wednesday for the operation and mainte...
Jul 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor lifts guidance after record-high Q2 results
South Korea’s Hyundai Motor Co. on Wednesday posted its highest-ever quarterly profit, which came in above market expectations, driven by robu...
Jul 26, 2023 (Gmt+09:00)
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Carbon neutrality
LG Chem gets int'l certification in calculation of product carbon footprint
South Korea's LG Chem Ltd. on Tuesday said it received certification for its calculation method for product carbon footprints (PCF) from the global ...
Jul 26, 2023 (Gmt+09:00)
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Real estate
Korea’s KFCC likely to see loss from London-based office investment
South Korea’s Vestas Investment Management Co. is slated to sell off a London-based office tower as the property value has plunged due to rate...
Jul 26, 2023 (Gmt+09:00)
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K-pop
Boy group Seventeen’s ‘Rock with You’ video hits 100 mn views
Seventeen's "Rock with You" music video has surpassed 100 million views on YouTube, the group's agency PLEDIS Entertainment announced on Wednesday.T...
Jul 26, 2023 (Gmt+09:00)