car output recovery
Scope
Date
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Bond issuance
CJ CGV receives $14.5 bn demand for perpetual convertible bond issues
South Korea’s leading multiplex cinema chain CJ CGV has received 16.2 trillion won ($14.5 billion) in investor demand for the perpetual conv...
Jun 04, 2021 (Gmt+09:00)
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Economy
Chips, autos set S.Korea’s May export growth at fastest pace in 32 years
South Korea’s exports surged to the highest level in over 32 years in May on the back of strong demand for semiconductors and automobiles, rei...
Jun 02, 2021 (Gmt+09:00)
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Automobiles
Heavy cost pressure set to drive up car prices
South Korea’s automakers are facing a drastic increase in manufacturing costs. Raw material prices are soaring and the global chip shortage re...
Jun 01, 2021 (Gmt+09:00)
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Carbon neutrality
Hyundai Motor chairman vows to go carbon neutral, stresses electrification
Chung Euisun, chairman of Hyundai Motor Group, has vowed to go carbon neutral in the group's processes, from automaking to vehicle disposal, in a mo...
May 25, 2021 (Gmt+09:00)
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Automobiles
Hyundai becomes India’s top SUV seller, wins Indian Car of the Year Award
Hyundai Motor Group’s small and compact sport utility vehicles (SUVs) are posting strong sales in fast-growing economies including India and R...
May 18, 2021 (Gmt+09:00)
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Automobiles
Hyundai’s premium Genesis brand sells over 500,000 cars since launch
Hyundai Motor Co.’s standalone high-end brand Genesis has reached a landmark with sales of over 500,000 cars since its launch as the top South...
May 12, 2021 (Gmt+09:00)
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Urban air mobility
Korean Air joins race for flying car business to rival Hyundai, Hanwha
Korean Air Lines Co. is entering into the business of urban air mobility (UAM), which is emerging as one of the most futuristic modes of transportat...
May 06, 2021 (Gmt+09:00)
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Batteries
Hyundai Motor, SK Innovation join forces on hybrid car battery development
South Korea-based automakers Hyundai Motor Co., KIA Corp. and electric vehicle battery maker SK Innovation Co. have joined forces to jointly develop...
Apr 16, 2021 (Gmt+09:00)
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Hyundai Motor group
Hyundai Motor sets recovery plan for commercial vehicles
Hyundai Motor Co. has devised ambitious plans for this year to rescue its declining commercial vehicle segment. The company will undergo organizatio...
Apr 05, 2021 (Gmt+09:00)
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Future mobility
Hyundai Mobis expands mobility business, reveals concept cars
South Korea’s largest auto parts maker Hyundai Mobis will undergo significant reforms in its business model to become a future mobility platfo...
Apr 01, 2021 (Gmt+09:00)
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ESG
How South Korea can prevent a self-defeating green recovery
The rules of economic growth have changed. From the disruption of the COVID-19 pandemic, governments have emerged with renewed sense of purpose, activ...
Mar 30, 2021 (Gmt+09:00)
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COVID-19
SK Bioscience halts flu vaccine output to focus on COVID vaccines
South Korea’s SK Bioscience Co. is suspending production of SKYCellflu, an influenza vaccine, to focus on manufacturing COVID-19 vaccines inst...
Mar 30, 2021 (Gmt+09:00)
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Automobiles
Hyosung to equip airbags on Amazon’s self-driving cars
Hyosung Advanced Materials will equip Amazon’s fully autonomous vehicles with its next generation one piece woven (OPW) airbags. The company s...
Mar 17, 2021 (Gmt+09:00)
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Batteries
Korean battery shares tumble as VW gears up for in-house production
Shares of South Koreas’ major battery makers tumbled on Tuesday after Volkswagen AG announced it will gradually switch the type of batteries u...
Mar 16, 2021 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to ramp up fuel cell car production
South Korea-based Hyundai Motor Co. has decided to produce around 17,000 units of its hydrogen fuel cell electric vehicle (FCEV) this year, thrice t...
Mar 02, 2021 (Gmt+09:00)
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Sovereign wealth funds
KIC sees pre-pandemic level economic recovery as early as H2
A senior investment manager of the Korea Investment Corporation (KIC) said on Thursday that the global economy may return to pre-pandemic levels lat...
Feb 26, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai says not in talks with Apple over self-driving cars
Hyundai Motor Group said on Monday it is not engaged in talks with Apple Inc. over the development of an autonomous electric vehicle, throwing cold ...
Feb 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Mando acquires JV to boost footing in autonomous vehicle industry
South Korea-based Mando Corp. is set to acquire electronic auto parts maker Mando-Hella Electronics Corp. in a deal valued at 165 billion won ($148 ...
Feb 03, 2021 (Gmt+09:00)
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Electric vehicles
Kia shares jump on $3.6 bn Apple Car project news
Shares in Kia Corp. and South Korean automotive parts makers rose sharply on Wednesday, following a news report that Apple Inc. will make an initial...
Feb 03, 2021 (Gmt+09:00)
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Future mobility
LG, Qualcomm to cooperate in 5G platforms for connected cars
LG Electronics Inc. and Qualcomm Technologies Inc. have agreed to cooperate in the development of 5G wireless platforms for next-generation connecte...
Jan 27, 2021 (Gmt+09:00)
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Korean chipmakers
GM Korea to curb production as global chip shortages worsen
GM Korea Co., a subsidiary of US auto giant General Motors Co., is slashing production rates due to a component supply disruption, the latest sign t...
Jan 22, 2021 (Gmt+09:00)
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Automobiles
LG Electronics, Luxoft to launch car infotainment JV in January
LG Electronics Inc. will launch a car infotainment system joint venture with Luxoft, a DXC Technology company headquartered in Switzerland, later th...
Jan 13, 2021 (Gmt+09:00)
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Automobiles
SUVs drive up Hyundai, Kia in US market; G80 named safest car of year
A slate of new sport utility vehicles are driving up Hyundai Motor Group's market share in the US, where its two automaking units have relied on sed...
Dec 31, 2020 (Gmt+09:00)
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Automobiles
Hyundai Motor to roll out automated remote valet parking cars in 2024
Maneuvering in and out of tight parking spaces is troublesome for some drivers, men and women alike. Whatever your take on parking, Hyundai Motor Co...
Dec 11, 2020 (Gmt+09:00)
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Korean chipmakers
Samsung Electronics to raise image sensor output to overtake Sony
Samsung Electronics Co. is switching one of its DRAM chip fabrication lines to boost production of image sensors used in smartphones and other gadge...
Dec 09, 2020 (Gmt+09:00)
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Automobiles
Tax cuts, pandemic lift imported car sales in Korea
Imported car sales in South Korea are on track to post a record high this year, benefiting from consumption tax cuts aimed at stimulating personal s...
Dec 03, 2020 (Gmt+09:00)
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Private equity
MBK buys $228 mn stake in China’s No. 1 car rental firm
MBK Partners has now become the second-largest shareholder in both of China’s two biggest rental car companies after purchasing a 20.86% stake...
Dec 03, 2020 (Gmt+09:00)
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Economy
BOK raises growth view as it holds rate, warns against V-shaped recovery
The Bank of Korea has raised its growth forecast for this year and next, citing advances in vaccine development and a rebound in exports, after keep...
Nov 26, 2020 (Gmt+09:00)
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Carbon neutrality
Korean govt urged to hike diesel tax, ban fossil fuel cars by 2035
South Korea should raise its tax on diesel to match the price of gasoline and phase out internal combustion engine cars by 2035 to tackle air pollutio...
Nov 24, 2020 (Gmt+09:00)
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CFO Insight
S-Oil says at least 20 more years to go for oil-powered cars
The penetration of electric and hydrogen-powered vehicles into the transportation industry will unlikely become a major threat to refiners over the ne...
Nov 23, 2020 (Gmt+09:00)