korea hyundai motor
Scope
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Shipping & Shipbuilding
Hyundai's self-sailing ship set for maiden cross-Pacific voyage
A liquefied natural gas (LNG) carrier with autonomous sailing systems will embark on an ocean voyage next month to become the world's first large au...
Apr 28, 2022 (Gmt+09:00)
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Business & Politics
SK beats Hyundai Motor to become S.Korea’s No.2 conglomerate
SK Group, which has SK Inc. as its holding company, is now South Korea’s second-largest conglomerate by asset size – replacing automotiv...
Apr 28, 2022 (Gmt+09:00)
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Automobiles
Hyundai Mobis taps two Japanese auto experts to boost sales
South Korea’s Hyundai Mobis Co. has tapped two Japanese auto experts to accelerate its business in Japan, the company announced on April 27. T...
Apr 28, 2022 (Gmt+09:00)
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Earnings
S-Oil logs record earnings in Q1 on high crude, margins
S-Oil Corp., Saudi Aramco’s refining unit in South Korea, enjoyed record earnings in the first quarter on healthy crude prices and refining ma...
Apr 28, 2022 (Gmt+09:00)
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Private equity
Blackstone taps ex-Citibank Korea CEO as Seoul office head
The Blackstone Group has named Ha Yung-Ku, who had led Citibank Korea for nearly 14 years, as chairman of its South Korean operations as the US inve...
Apr 27, 2022 (Gmt+09:00)
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Future mobility
Hyundai opens world's first UAM takeoff, landing area in UK
South Korea's Hyundai Motor Group has opened the world's first urban air mobility (UAM) takeoff and landing area in central England.Supernal LLC, Hy...
Apr 27, 2022 (Gmt+09:00)
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Korean stock market
Foreign ownership of Korean shares hits lowest level since 2010
Foreign investors’ holding rate in South Korea’s main bourse Kospi has plunged to the lowest level since 2010. The investors have dispos...
Apr 26, 2022 (Gmt+09:00)
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Korean startups
Startup accelerator Klim Ventures secures $4 mn in bridge capital
South Korea’s startup accelerator Klim Ventures announced Tuesday it has secured 5.5 billion won ($4 million) worth of bridge capital. ...
Apr 26, 2022 (Gmt+09:00)
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Mergers & Acquisitions
Korea’s LX Group seeks to acquire Magnachip Semiconductor
South Korea’s LX Group is looking to acquire US-listed Magnachip Semiconductor Corp. to create synergy with the group’s foundry affiliat...
Apr 26, 2022 (Gmt+09:00)
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Bio & Pharma
Korean drugmakers close to commercializing COVID-19 vaccine, pill
South Korea’s biopharmaceutical companies are close to commercializing a COVID-19 vaccine and treatment pill as they are on the brink of compl...
Apr 25, 2022 (Gmt+09:00)
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Corporate governance
Carlyle visits Hyundai Glovis seeking measures to boost value
The Carlyle Group, a US private equity giant, visited South Korea’s Hyundai Glovis Co. last week to discuss steps to boost the value of the Hy...
Apr 25, 2022 (Gmt+09:00)
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Tech, Media & Telecom
SK Ecoplant to build largest commercial data center in Korea
South Korea’s SK Ecoplant Co., formerly known as SK Engineering & Construction Co., is slated to develop the largest commercial data cen...
Apr 25, 2022 (Gmt+09:00)
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Earnings
Hyundai, Kia see Q1 profits soar, aim for strong 2022 despite dim outlook
South Korea’s two largest automakers – Hyundai Motor Co. and Kia Corp. – on Monday posted strong first-quarter earnings, driven by...
Apr 25, 2022 (Gmt+09:00)
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Korean stock market
Korea reiterates reform plans to join MSCI developed markets
South Korea’s Finance Minister Hong Nam-ki reiterated the country will take reform measures such as the extension of the local currency's trad...
Apr 25, 2022 (Gmt+09:00)
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Batteries
LG Chem, Korea Zinc to set up battery material JV
LG Chem Ltd. and Korea Zinc Inc. will set up a joint venture to produce precursor, a key material in the production of cathode materials for electri...
Apr 24, 2022 (Gmt+09:00)
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Steel
Korea steelmakers see risks from carbon, supply issues
The South Korean steel industry’s top executives are anticipating a perfect storm amid the global push for carbon neutrality and supply chain ...
Apr 22, 2022 (Gmt+09:00)
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RFPs
Korea Post to tap two GPs for global ESG bond ETFs
Korea Post, South Korea's state-run postal service agency, said on April 21 that its insurance arm will select a maximum of two asset managers for...
Apr 22, 2022 (Gmt+09:00)
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IPOs
Korea’s tough IPO review drives bio startup to Nasdaq
A South Korean bio startup is aiming for a Nasdaq listing, deeming that the country’s exchange sets the bar too high for an initial public off...
Apr 22, 2022 (Gmt+09:00)
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Hydrogen economy
Hyundai Rotem to kick off liquid hydrogen fueling station project
Hyundai Rotem Co., a South Korea’s railway system maker under Hyundai Motor Group, said on Friday that it has won a demonstration project to b...
Apr 22, 2022 (Gmt+09:00)
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Korean games
Kakao Games invests $15 mn in Playable Worlds for global expansion
Kakao Games Corp., a game publishing unit of Korea’s web service giant Kakao Corp., has invested $15 million in US game studio Playable Worlds...
Apr 22, 2022 (Gmt+09:00)
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Business & Politics
Korea’s Yoon govt to raise nuclear power to 34% of energy source
South Korea’s incoming government plans to extend the service life of eight more nuclear power plants than originally planned as President-ele...
Apr 21, 2022 (Gmt+09:00)
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Robotics
KT showcases AI-powered robots, traffic control program at tech fair
KT Corp., a major South Korean telecommunications company, unveiled its new digital transformation services using artificial intelligence, big data ...
Apr 20, 2022 (Gmt+09:00)
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Electric vehicles
LG Magna breaks ground for EV parts factory in Mexico
LG Magna e-Powertrain Co. broke ground on Tuesday for a factory to produce electric vehicle components in Mexico to meet the growing demand for eco-...
Apr 20, 2022 (Gmt+09:00)
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Future mobility
Hyundai Motor expands partnership with quantum computing firm IonQ
IonQ and Hyundai Motor Co. announced a new project on Wednesday designed to apply quantum machine learning to image classification and 3D object det...
Apr 20, 2022 (Gmt+09:00)
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Central bank
Korea lawmakers confirm IMF veteran as new BOK chief
South Korea’s lawmakers gave the nod to the nomination of veteran International Monetary Fund official Rhee Chang-yong as the country’s ...
Apr 20, 2022 (Gmt+09:00)
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Food & Beverage
Korean firewater lures more young Japanese
South Korea’s distilled spirit soju is alluring more young drinkers in Japan, the home of its rival liquor shochu, as K-content such as drama ...
Apr 20, 2022 (Gmt+09:00)
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Bio & Pharma
FutureChem seeks FDA nod for prostate cancer radiopharma trials
FutureChem Co., a South Korean radiopharmaceutical company, is seeking the US Food and Drug Administration’s approval for clinical tests of it...
Apr 20, 2022 (Gmt+09:00)
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Private equity
Korea, Lone Star brace for ruling on decade-long dispute
An international arbitrator is set to rule on a decade-long legal tussle between South Korea and Lone Star Funds as early as next month over the US ...
Apr 19, 2022 (Gmt+09:00)
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Metaverse
Hyundai Motor enters metaverse sphere in tie-up with Meta Kongz
South Korea’s top automaker Hyundai Motor Co. has announced its foray into the non-fungible token market in partnership with Meta Kongz, an NF...
Apr 19, 2022 (Gmt+09:00)
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Future mobility
Hilton Seoul to transform into UAM landing area
South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) plans to build the country's first landing area for urban air mobility (U...
Apr 18, 2022 (Gmt+09:00)