Hyundai US car sales
Scope
Date
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Future mobility
Hyundai Motor's K-UAM One Team collaborates with Incheon
The "K-UAM One Team," an urban air mobility (UAM) consortium consisting of five companies, including Hyundai Motor, has announced that it signed a m...
Nov 09, 2023 (Gmt+09:00)
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Energy
Hyundai E&C to form private-public partnership for US solar power
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C), Korea Midland Power Co., and the Korea Overseas Infrastructure & Urb...
Nov 09, 2023 (Gmt+09:00)
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Electric vehicles
POSCO Int’l to invest $519 mn in EV parts output expansion
POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., plans to spend 680 billion won ($519....
Nov 09, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Naver Band surpasses 5 million MAU in US
South Korea’s Naver Corp. announced Thursday the monthly active user (MAU) of its community social networking platform Naver Band surpassed 5 ...
Nov 09, 2023 (Gmt+09:00)
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Food & Beverage
SPC Samlip partners with H Mart to enter US market
SPC Samlip Corp, a unit of South Korea’s food and bakery giant SPC Group, announced on Thursday it signed a business agreement with H Mart, th...
Nov 09, 2023 (Gmt+09:00)
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Electric vehicles
POSCO International wins $761 mn EV parts supply deal from US carmaker
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., has won a 1 trill...
Nov 08, 2023 (Gmt+09:00)
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Artificial intelligence
LG, Qraft Technologies' AI-powered ETF trades on NYSE
South Korea’s LG Group and Seoul-based Qraft Technologies Inc. have jointly launched an exchange-traded fund (ETF) that selects holdings relat...
Nov 08, 2023 (Gmt+09:00)
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Future mobility
Hyundai's Supernal plans to build flying taxi plant in US
Hyundai Motor Group plans to build a flying electric taxi plant in the US as the South Korean automotive group aims to bring flying cars to the mark...
Nov 08, 2023 (Gmt+09:00)
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Earnings
SK Telecom’s Q3 profit up on brisk data center, cloud sales
SK Telecom Co.'s third-quarter operating profit increased 7% on-year, becoming the only South Korean mobile carrier posting an on-year gain in profi...
Nov 08, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis raises $940 mn via loan for EV parts plants in US
Hyundai Mobis Co., an auto part-making unit of Hyundai Motor Group, has raised $940 million via an overseas loan to build facilities for its electri...
Nov 08, 2023 (Gmt+09:00)
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Automobiles
Imported cars set to snap 3-year growth streak in S.Korea
Imported passenger cars are expected to see their first retreat in four years in South Korea on the growing popularity of domestic luxury models suc...
Nov 08, 2023 (Gmt+09:00)
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Electric vehicles
Used electric vehicle prices drop in Korea with declining EV appeal
Prices of secondhand electric vehicles are falling in South Korea as drivers are increasingly less enchanted with eco-friendly vehicles due to weak ...
Nov 07, 2023 (Gmt+09:00)
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Retail
Costco Korea on verge of falling into low-growth trap
South Korea, one of the most lucrative markets for Costco Wholesale Corp., appears to be losing its appeal in the face of China’s rapid ascent...
Nov 07, 2023 (Gmt+09:00)
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Earnings
Celltrion enjoys record earnings on healthy biosimilar biz
South Korean pharmaceutical giant Celltrion Inc. logged record quarterly earnings on the strong performance of its key biosimilar products while exp...
Nov 07, 2023 (Gmt+09:00)
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Foreign exchange
Won strengthens past 1,300 mark vs dollar on short-sale ban
The South Korean won continued its bull run on Monday, strengthening past the psychologically important barrier of 1,300 level against the dollar fo...
Nov 06, 2023 (Gmt+09:00)
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Electronics
LG Elec to open heat pump research laboratory in Alaska
LG Electronics Inc. plans to open LG Advanced Cold Climate Heat Pump Laboratory in Alaska, the US for the development of heating, ventilation, &...
Nov 06, 2023 (Gmt+09:00)
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Construction & Planning
Heerim wins design contract for Hyundai Motor's Saudi plant
South Korea's Heerim Architects & Planners said on Monday it secured the architectural design contract for Hyundai Motor Co.'s new automobile as...
Nov 06, 2023 (Gmt+09:00)
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Artificial intelligence
Socar launches car-sharing service with Naver's generative AI
South Korea’s mobility platform operator Socar Inc. has introduced a car-sharing service utilizing generative artificial intelligence in coope...
Nov 03, 2023 (Gmt+09:00)
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Airlines
Asiana’s cargo unit sale faces tough hurdles before KAL merger
The proposed merger of Korean Air Lines Co. (KAL) and Asiana Airlines Inc. has moved one step closer to completion with Asiana’s backing of it...
Nov 03, 2023 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS to join New York digital transformation project
South Korea's information technology service provider LG CNS announced on Friday it has signed a memorandum of understanding (MOU) for a digital tra...
Nov 03, 2023 (Gmt+09:00)
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Earnings
Naver posts record Q3 sales, profit on e-commerce
South Korea’s web portal giant Naver Corp. on Friday posted record sales and operating profit in the third quarter, driven by robust sales gro...
Nov 03, 2023 (Gmt+09:00)
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Webtoons
Naver Webtoon seizes 150 illegal overseas sites
South Korea’s Naver Webtoon announced on Thursday it shut down 150 illegal overseas sites, which unauthorizedly posted more than 80 webtoons i...
Nov 02, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia's US electric vehicle sales at record-high in October
South Korea's Hyundai Motor Group set a historic sales record in the US electric vehicle market, posting its best-ever performance in October. The a...
Nov 02, 2023 (Gmt+09:00)
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Automobiles
KG Mobility, BYD to team up for battery pack, hybrid car
South Korea's KG Mobility Corp. has partnered with China's largest electric vehicle company BYD to build a battery pack factory in South Korea. They...
Nov 02, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korea’s HMM expands bulk carrier fleet for stable profit
HMM Co., South Korea’s top shipping company, is expanding its fleet, especially bulk carriers, for stable profits amid the sluggishness of the...
Nov 02, 2023 (Gmt+09:00)
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Earnings
Hyundai Motor Group units’ profits double as Chung enters 4th year
South Korea’s Hyundai Motor Group saw the combined operating profit of its 11 affiliates more than double in the third quarter as Chairman Chu...
Nov 02, 2023 (Gmt+09:00)
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Energy
KHNP submits final bid for Czech Republic’s new nuclear power unit
Korea Hydro & Nuclear Power Co. (KHNP) has submitted a final bid to the Czech Republic’s state-run Elektrarna Dukovany II (EDU II) to cons...
Nov 01, 2023 (Gmt+09:00)
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Batteries
STX starts exploration drilling at Indonesian nickel mine
South Korea’s general trading company STX Corp. has started works to probe the contents of known ore deposits at an Indonesian nickel mine it ...
Nov 01, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai bets big on deep discounts to survive EV plateau
Hyundai Motor Co. is going all out to revive drivers’ interest in electric vehicles with significant price cuts in the US, the world’s s...
Oct 31, 2023 (Gmt+09:00)
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Private debt
Korea Investment raises $400 mn to expand US assets
Seoul-based brokerage firm Korea Investment & Securities Co. (KIS) has raised $400 million in new bonds to strengthen its investments in the US ...
Oct 31, 2023 (Gmt+09:00)
Latest News
- 1 Hyundai, Kia’s H1 vehicle sales in Singapore double, aided by HMGICS
- 2 Korea’s reshoring companies pale amid lack of support, incentives, tax breaks
- 3 Hyundai, Waymo forge multi-year, strategic partnership for self-driving vehicles
- 4 AI startup MarqVision raises $16.5 mn to close Series A
- 5 Taihan Cable wins $630 mn power grid project in Singapore