Hyundai Global Business Center
Scope
Date
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Corporate strategy
POSCO International to step up global expansion after hefty profits
POSCO International Corp. will step up global expansion in 2024 with a focus on electric vehicle components, eco-friendly energy exploration and gra...
Jan 08, 2024 (Gmt+09:00)
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Tech, Media & Telecom
Korea’s Hancom buys document software firm Clipsoft
Hancom Inc., a homegrown office suite developer in South Korea, said on Friday that it has acquired local business-to-business (B2B) digital documen...
Jan 05, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai, Kia join hands with Gore to develop hydrogen fuel cell material
South Korea’s top automaker Hyundai Motor Group said on Friday it has signed an agreement with W. L. Gore & Associates Inc., a US material...
Jan 05, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia post record US sales in 2023, to rank 4th in US
South Korea’s Hyundai Motor Group saw its vehicle sales in the US rise to an all-time high in 2023, driven by its latest models of recreationa...
Jan 04, 2024 (Gmt+09:00)
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Fashion
The North Face supplier Youngone lends $177 mn to Scott
Youngone Corp., a South Korean clothing manufacturer to global outdoor brands like The North Face and Patagonia, said on Thursday it has decided to ...
Jan 04, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD KSOE lowers order target by 39% in 2024
South Korea’s HD Korea Shipbuilding & Offshore Engineering (HD KSOE) announced on Thursday that it has lowered its order target for this y...
Jan 04, 2024 (Gmt+09:00)
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Future mobility
Samsung, Hyundai Motor in joint push for connected cars
Samsung Electronics Co. will connect its smart home devices with the in-vehicle infotainment systems of Hyundai and Kia cars, including electric veh...
Jan 04, 2024 (Gmt+09:00)
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Advertising & Marketing
Innocean establishes social marketing subsidiary
Innocean Worldwide Inc., the global marketing communications arm of Hyundai Motor Group, announced on Wednesday that it has established its social m...
Jan 03, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung eyes $8.8 billion 2024 chip profit: sources
Samsung Electronics Co. seeks to rake in 11.5 trillion won ($8.8 billion) in operating profit from its semiconductor business this year, swiveling f...
Jan 02, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung, SK Hynix join forces with foreign rivals to win AI chip war
South Korea’s two chip giants Samsung Electronics Co. and SK Hynix Inc. are expected to further deepen ties with rivals and customers from aro...
Dec 31, 2023 (Gmt+09:00)
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Chemical Industry
S.Korean refiners’ race for EV lubricants heats up
South Korean major refiners are upping the ante to win the market for electric vehicle lubricants and liquid coolants for heat management amid the r...
Dec 31, 2023 (Gmt+09:00)
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Future mobility
42dot to lead Hyundai Group's in-vehicle software R&D
Hyundai Motor Group’s self-driving technology arm 42dot Inc. will absorb the electronics, infotainment and autonomous driving technology divis...
Dec 29, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang opens online B2B section
South Korean food giant CJ CheilJedang Corp. introduced a business-to-business (B2B) section CJ The Market for Biz on its e-commerce website CJ The ...
Dec 29, 2023 (Gmt+09:00)
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Banking & Finance
Korea's KDB establishes innovation fund for auto parts companies
The state-run Korea Development Bank (KDB) announced on Friday that it has established the KDB-Quantum Mobility Value Chain Open Innovation Fund wor...
Dec 29, 2023 (Gmt+09:00)
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Electric vehicles
LG gets UL certification for EV charger
LG Electronics Inc. said on Friday that its electric vehicle (EV) charger has received certification from Underwriters Laboratories (UL), the US-b...
Dec 29, 2023 (Gmt+09:00)
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Food & Beverage
Shinsegae to close whisky business to focus on profits
Shinsegae Inc., South Korea’s largest department store and supermarket company, will pull out of the whisky market, bucking the trend of the r...
Dec 28, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia to revamp R&D organization
Hyundai Motor Co. ’s and Kia Corp. are undergoing a comprehensive restructuring of their research and development (R&D) organizations. Thi...
Dec 28, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis' auto parts sweep safety, technology awards
South Korean auto parts maker Hyundai Mobis Co. said Thursday that 10 of its new technologies received or or are finalists for awards from external ...
Dec 28, 2023 (Gmt+09:00)
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Electric vehicles
HD Hyundai Oilbank launches dedicated EV lubricant
South Korea’s HD Hyundai Oilbank said on Thursday that it launched a new dedicated electric vehicle (EV) lubricant brand the Hyundai XTeer EVF...
Dec 28, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia’s tech sets them apart with record hybrid vehicle sales
Like their global peers, Hyundai Motor Co. and affiliate Kia Corp. recently turned their sights back to hybrid vehicles as electric vehicle uptakes ...
Dec 28, 2023 (Gmt+09:00)
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Bio & Pharma
ViGenCell, NK/T cell lymphoma treatment ‘VT-EBV-N’ designated as orphan drug in Europe
ViGenCell, a company specializing in immune cell therapy, announced on the 19th that its NK/T cell lymphoma treatment "VT-EBV-N" has been designated...
Dec 27, 2023 (Gmt+09:00)
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Korean chipmakers
POSCO to foster rare gas business with Zhongtai Cryogenic
POSCO Holdings Inc. will build a highly purified rare gas-producing joint venture in South Korea with Zhongtai Cryogenic Technology Corp. from China...
Dec 27, 2023 (Gmt+09:00)
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IPOs
Korea's leading used-car platform Encar drops IPO plan
Encarsales.com Ltd., a South Korean used-car trading platform, will withdraw its initial public offering plan as early as this week due to deteriora...
Dec 27, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor reveals facelift of G80 sedan
Hyundai Motor Co.'s premium brand Genesis released a facelift of its signature large sedan G80 on Tuesday. This car is the revamped third-generatio...
Dec 27, 2023 (Gmt+09:00)
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Construction
HD Hyundai Construction, Infracore to use integrated machinery platform
HD Hyundai Co., a South Korean shipbuilding and machinery conglomerate, is building an integrated equipment manufacturing platform for its two const...
Dec 26, 2023 (Gmt+09:00)
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Artificial intelligence
HD Hyundai, Google Cloud team up to accelerate generative AI innovation
HD Hyundai Co., South Korea’s shipbuilding-to-heavy machinery conglomerate, said on Tuesday it has teamed up with Google Cloud, the informatio...
Dec 26, 2023 (Gmt+09:00)
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Korean games
Korean game developers expedite global conquest
South Korea’s major game developers NCSOFT Corp., Nexon Co. and Netmarble Corp. plan to roll out new games for overseas players next year in a...
Dec 26, 2023 (Gmt+09:00)
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Tech, Media & Telecom
KT opens Foreigner Center for non-English speakers
South Korea’s KT Corp. announced on Tuesday that it opened the KT Foreigner Center for non-English speakers in Won-gok-dong, Ansan, Gyeonggi...
Dec 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Mobis, Wind River to build digital space for SDV
South Korea’s Hyundai Mobis announced on Monday that it will build a digital twin system named M.Dev Studio with the US-based software compa...
Dec 26, 2023 (Gmt+09:00)
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Automobiles
Hyundai Exter, IONIQ 5 win India’s influential car awards
Hyundai Motor Co. has won major auto industry prizes in India that are expected to help the leading South Korean automaker expand its presence in th...
Dec 24, 2023 (Gmt+09:00)