Hyundai Global Business Center
Scope
Date
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Batteries
Citibank Korea provides $412 mn to POSCO for Argentine business
Citibank Korea signed on Jan. 25 a financial contract with POSCO Argentina, a subsidiary of South Korea's steel and secondary battery raw material g...
Feb 06, 2023 (Gmt+09:00)
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Corporate investment
S.Korea's high-tech firms flood to US with heavy spending plans
South Korea’s large business groups are flooding to the US, with their pledged investments there exceeding $100 billion for the next two years...
Feb 06, 2023 (Gmt+09:00)
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Automobiles
Hyundai GV70 EV to be eligible for US subsidy after classification as SUV
The sport-utility vehicle (SUV) Hyundai Genesis GV70 electric vehicle in the first half of the year is expected to be eligible for subsidies in the ...
Feb 06, 2023 (Gmt+09:00)
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Pension funds
NPS lags global peers in 2013-2022 investment returns
South Korea's National Pension Service (NPS), the world's third-largest pension fund, has underperformed its global peers over the past decade in te...
Feb 05, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus, LS Electric partner to support S.Korea's small businesses
LG Uplus Corp., South Korea’s third-largest mobile carrier, said on Friday that it has entered into a partnership with LS Electric Co. to expa...
Feb 03, 2023 (Gmt+09:00)
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Korean stock market
Korea Shipbuilding & Offshore Engineering ends fears over stock overhang
Korea Shipbuilding & Offshore Engineering (KSOE), a subholding company for shipbuilding, oil refining and machinery conglomerate HD Hyundai Co. ...
Feb 03, 2023 (Gmt+09:00)
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Business & Politics
Korea’s new EV subsidy plan favors Hyundai over Tesla, other imports
South Korea is revising its electric vehicle subsidy plan in a way that favors local cars such as the Hyundai IONIQ 6 over imported vehicles, includ...
Feb 03, 2023 (Gmt+09:00)
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Aerospace & Defense
Hyundai Doosan Infracore bags $256 mn Turkey defense deal
Hyundai Doosan Infracore Co., a South Korean construction equipment maker, won a 313.1 billion won ($255.5 million) defense deal from Turkey, sugges...
Feb 03, 2023 (Gmt+09:00)
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Mergers & Acquisitions
UK's Croda to buy Korean bio materials maker for $286 mn
Croda International Plc., a British specialty chemicals company, is set to acquire South Korean bio materials producer Solus Biotech Co. for some 35...
Feb 02, 2023 (Gmt+09:00)
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Asset management
NYLIM taps Sungyun Hong as head of Seoul office
New York Life Investments (NYLIM) has appointed Sungyun Hong as head of its Seoul office, the US asset management firm said on Wednesday. Hong ...
Feb 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor opens Hyundai Mobility Lounge Kyoto Shijo
Hyundai Motor Co. is establishing a permanent location in Japan's Kansai region to allow customers to experience its eco-friendly cars such as the I...
Feb 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia post record-high Jan. sales figures in US
Hyundai Motor Co. and Kia Corp. posted the highest sales record in the US market in January. Hyundai Motor America said on Wednesday that it sold 52...
Feb 02, 2023 (Gmt+09:00)
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Banking & Finance
KB Financial Group holds investment conference via metaverse
South Korea's KB Financial Group on Tuesday presented its investment philosophy to individual and institutional customers in the metaverse, a three-...
Feb 02, 2023 (Gmt+09:00)
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Electronics
Samsung unveils Galaxy S23 with better camera, processor
SAN FRANCISCO – Samsung Electronics Co., the world’s top smartphone maker, unveiled on Wednesday its flagship Galaxy S23 series equipped...
Feb 02, 2023 (Gmt+09:00)
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Korean SMEs
SGC Solutions expands overseas sales channels for its brand Glasslock
South Korea's glassware maker SGC Solutions said Tuesday that it has signed a memorandum of understanding (MOU) with the Korea Small & Medium Bu...
Feb 01, 2023 (Gmt+09:00)
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Electronics
DB HiTek to expand high value-added specialized image sensor business
South Korea's chip foundry DB HiTek Co. attained foundry process technology and is set to expand its high-value-added specialized image sensor busin...
Jan 31, 2023 (Gmt+09:00)
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Energy
Korea’s Hyundai Electric wins $86 mn transformer deal in US
Hyundai Electric & Energy Systems Co., a power equipment and energy solution affiliate of the world’s largest shipbuilding group holding c...
Jan 31, 2023 (Gmt+09:00)
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ESG
SK Geo Centric receives int'l recognition for eco-friendly polymers
SK Geo Centric Co., South Korea's chemical firm, has received the globally recognized "GRS" certification for its eco-friendly polymers, the company...
Jan 31, 2023 (Gmt+09:00)
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Earnings
Hyundai Mobis bags record $4.6 bn orders from global carmakers
South Korea's Hyundai Mobis, a key affiliate of Hyundai Motor Group, last year enjoyed its best year in orders received from abroad.The company on T...
Jan 31, 2023 (Gmt+09:00)
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Pension funds
NPS underperforms global peers by returns for Q1-Q3 2022
South Korea's National Pension Service (NPS), the world's third-largest pension fund, ranked 10th out of the global 42 state-owned investors by rate...
Jan 31, 2023 (Gmt+09:00)
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Retail
Philip Morris, KT&G extend sales partnership to 2038
KT&G Corp., the world's fifth-largest tobacco maker, has extended its sales partnership with US cigarette giant Philip Morris International Inc....
Jan 30, 2023 (Gmt+09:00)
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Future mobility
Mobile Living Space: Hyundai’s new future mobility concept
A self-driving vehicle taking a passenger home and then docking into the building so that they can enter the house without being exposed to the outs...
Jan 30, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia cars selected Best Imported Cars in Germany
Hyundai Motor Group was recognized for its overwhelming quality in Germany, which is widely considered the home of automobiles.Hyundai Motor Group s...
Jan 30, 2023 (Gmt+09:00)
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ESG
Hanwha Solutions, SKS Credit propel to build eco-friendly data center
Hanwha Solutions Corp. said on Monday that its business unit Hanwha Solutions Insight Division has signed a memorandum of understanding (MOU) with S...
Jan 30, 2023 (Gmt+09:00)
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Carbon neutrality
Samsung Electronics' life cycle assessment gauges CO2 emission impact from chips
Samsung Electronics Co. on Monday said it set up a life cycle assessment (LCA) methodology for semiconductors to achieve carbon neutrality by 2050.T...
Jan 30, 2023 (Gmt+09:00)
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Artificial intelligence
AI tech of Samsung Research recognized via machine translation award
Samsung Research, the research and development (R&D) hub of Samsung Electronics Co., has proven its excellence in artificial intelligence-based ...
Jan 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung hires two ex-Ericsson executives to lead network business
South Korea’s tech giant Samsung Electronics Co. has hired two former executives of Swedish telecom equipment maker Ericsson to boost its ne...
Jan 30, 2023 (Gmt+09:00)
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Retail
Hyundai Dept. Store introduces AI chatbot service Jellppo
Hyundai Department Store Co. said on Sunday that it would introduce the artificial intelligence (AI) chatbot "Jellppo." Jellppo is an AI-based one-o...
Jan 30, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Electronics opens experience store in New Delhi
Samsung Electronics Co. said on Sunday that its Indian subsidiary Samsung India opened a large experience store in New Delhi’s main street Con...
Jan 30, 2023 (Gmt+09:00)
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Machinery
Doosan Bobcat opens parts distribution center in Atlanta, Georgia
South Korea's Doosan Bobcat said on Friday that it has opened an additional construction equipment parts distribution center (PDC) in Atlanta, Georg...
Jan 27, 2023 (Gmt+09:00)
Latest News
- 1 LG to invest $762 mn in webOS to transform into platform-based tech giant
- 2 S.Korea to offer incentives to attract foreign scientists
- 3 Vinyl boom shows no sign of abating in South Korea
- 4 Uniqlo expands in Korea as No-Japanese boycott wanes
- 5 Seoul rejects Elliott’s $20 mn claim against Samsung C&T