elantra hyundai best selling us
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Automobiles
Hyundai Motor, Kia post strong US sales on SUV, Genesis
Hyundai Motor Co. and sister firm Kia Corp. posted strong January sales in the US, where the South Korean companies are working to refine their prof...
Feb 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $900 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 03, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SK E&S to sell 49% stake in city gas businesses; valued over $895 mn
South Korea-based energy company SK E&S Co. is pushing to liquidate its assets by carrying out a stake sale in its profitable city gas businesse...
Feb 02, 2021 (Gmt+09:00)
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Future mobility
Hyundai, KDB launch fund to foster mobility startups
Hyundai Motor Group and Korea Development Bank have decided to create a 74.5 billion won ($67 million) fund to invest in startups that offer future ...
Feb 01, 2021 (Gmt+09:00)
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Short selling
S.Korea's short-selling ban may face second extension; longest to date
South Korea’s financial authorities and the ruling Democratic Party are likely to extend the country's ban on short selling for another three ...
Feb 01, 2021 (Gmt+09:00)
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Mergers & Acquisitions
US auto startup set to buy 51% of Ssangyong Motor for $250 mn
HAAH Automotive Holdings Inc., a US automobile distributor, is planning to inject $250 million into South Korea's Ssangyong Motor Co. to take a 51% ...
Jan 29, 2021 (Gmt+09:00)
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Future mobility
Hyundai-partnered world-first urban airport project gets UK govt backing
A British urban air mobility project, in which South Korea’s Hyundai Motor Co. is a technology partner, has been chosen as the winner of the U...
Jan 29, 2021 (Gmt+09:00)
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IPOs
US data centers-backed REIT seeks $90 mn Korean IPO in 2021
A South Korean real estate investment trust (REIT), backed by data centers in North America, is preparing an initial public offering worth 100 billi...
Jan 28, 2021 (Gmt+09:00)
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Business & Politics
Samsung says fully ready for M&As; silent on US foundry plant
Samsung Electronics Co. is well-geared up to chase M&A deals and expand its facilities over the next three years to make full use of its cash ho...
Jan 28, 2021 (Gmt+09:00)
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IPOs
Hyundai Heavy plans IPO this year; valuation to approach $4.5 bn
South Korea-based Hyundai Heavy Industries Co. is planning a trading debut this year, with the proceeds marked for future growth engines to power th...
Jan 26, 2021 (Gmt+09:00)
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Earnings
Hyundai Motor Q4 net profit jumps on Genesis, high-end SUVs
Hyundai Motor Co. on Tuesday reported a 78% jump in its fourth-quarter net profit, driven by robust sales of its luxury Genesis models and high-end ...
Jan 26, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
SM Line eyes H2 IPO on Korean bourse, aims to expand US trade
South Korea’s SM Group, formerly known as Samla Midas Group, is pushing for an initial public offering of its merchant liner, SM Line Corp., o...
Jan 25, 2021 (Gmt+09:00)
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Korean chipmakers
Samsung remains tight-lipped on new US chip plant reports
Samsung Electronics Co. was reported to be considering investing over $10 billion to build a new chip plant in the US. But the world’s top mem...
Jan 24, 2021 (Gmt+09:00)
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Business & Politics
LG Electronics to consider selling smartphone business
South Korea-based LG Electronics Inc. looks to be considering selling off its struggling smartphone division, which has been in the red for 23 con...
Jan 20, 2021 (Gmt+09:00)
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Batteries
SK's US battery arm sells $1 bn green bonds at lower rates
The $1 billion green bond sale by SK Battery America Inc., a US unit of South Korea’s SK Innovation Co., was nine times oversubscribed at $9 b...
Jan 20, 2021 (Gmt+09:00)
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ESG bonds
Hyundai Steel receives $1.9 bn in orders for green bonds
South Korea-based Hyundai Steel Co. received around 2 trillion won ($1.9 billion) worth of orders in Monday's bookbuilding for its green bond issue,...
Jan 19, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delivery Hero could face up to $1.4 bn in fines if it fails to sell Yogiyo
Food delivery giant Delivery Hero SE is facing some time pressure to sell South Korea’s No. 2 food delivery app Yogiyo, estimated at 2 trillio...
Jan 18, 2021 (Gmt+09:00)
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Alternative investments
Meritz Alternative commits $150 mn to US multifamily fund
South Korea’s Meritz Alternative Investment Management Co. has committed $150 million to a new US multifamily residential fund managed by Fair...
Jan 18, 2021 (Gmt+09:00)
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Batteries
Hyundai inks deal to build first overseas hydrogen fuel cell plant in China
Hyundai Motor Co. has signed a contract to build its first overseas hydrogen fuel cell systems plant in China as the South Korean company aims to en...
Jan 15, 2021 (Gmt+09:00)
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Energy
Total, Hanwha to set up JV for $1.8 bn US solar expansion
French refiner Total SE and South Korea’s Hanwha Energy Corp. have agreed to set up a joint venture to build solar power plants and storage ce...
Jan 15, 2021 (Gmt+09:00)
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Logistics
Hyundai Glovis, Ulsan Port Authority to build logistics center in Ho Chi Minh City
South Korea’s Hyundai Glovis Co. and a local port authority will build a logistic center in Vietnam’s Ho Chi Minh City to use it as a di...
Jan 14, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Top court rules in favor of Doosan Infracore; sale to Hyundai to proceed
The sale process for Doosan Infracore Co. is gaining traction after it won a legal dispute with financial investors over a case involving the top So...
Jan 14, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor releases IONIQ 5 EV teasers before February reveal
Hyundai Motor Co. has shared a few images of the IONIQ 5, the first model under its standalone electric vehicle sub-brand, ahead of its official rev...
Jan 13, 2021 (Gmt+09:00)
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Short selling
Calls grow for further or indefinite extension of short-selling ban
South Korean retail investors are speaking out against the lifting of a one-year ban on stock short selling ahead of its resumption scheduled for mi...
Jan 12, 2021 (Gmt+09:00)
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Automobiles
Hyundai, Kia rev up SUV sales in India amid pandemic lockdown
Hyundai Motor Co. and its sister firm Kia Motors Corp. are emerging as preferred sport-utility vehicle brands in India, as one in every two SUVs sol...
Jan 11, 2021 (Gmt+09:00)
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ESG bonds
Hyundai, Kia to raise $921 mn in green bonds for future mobility
Hyundai Motor Co. and Kia Motors Corp. plan to issue green bonds worth a combined 1 trillion won ($912 million) as they gear up to raise money for...
Jan 11, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai Motor in early talks with Apple on EV tie-up; shares surge
Hyundai Motor Co. looks to be in the early stages of discussions with Apple Inc. to jointly develop and produce self-driving electric cars, a move t...
Jan 08, 2021 (Gmt+09:00)
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Mergers & Acquisitions
SKC in talks to sell stake in PET film-making China unit
SKC Ltd. of South Korea’s SK Group is in negotiations to sell a stake in its polyester (PET) film unit in China, which it values at 150 billio...
Jan 07, 2021 (Gmt+09:00)
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Artificial intelligence
LG takes over controlling stake in US TV data analysis firm Alphonso
South Korea’s LG Electronics Inc. has acquired a controlling stake in US-based TV data analysis startup Alphonso Inc. to strengthen its softwa...
Jan 07, 2021 (Gmt+09:00)
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Hydrogen economy
SK Group inks $1.5 bn deal to acquire US hydrogen fuel cell maker Plug Power
South Korea’s SK Group has signed a $1.5 billion deal to acquire a controlling stake in US hydrogen fuel cell maker Plug Power Inc. and launch...
Jan 07, 2021 (Gmt+09:00)