korea hyundai motor
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Date
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Batteries
SK Innovation, Ford agree to launch $5.3 bn EV battery JV in US
South Korean battery maker SK Innovation Co. and Ford Motor Co. have agreed to launch a 6 trillion won ($5.3 billion) joint venture to support the U...
May 20, 2021 (Gmt+09:00)
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E-commerce
Naver, Shinsegae in talks to team up for eBay Korea
Naver Corp., South Korea's top online portal, is in talks with the country's retail giant Shinsegae Group about a joint bid for eBay Korea -- a deal...
May 19, 2021 (Gmt+09:00)
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IPOs
Korea's COVID-19 test kit maker applies for $1.2 bn IPO
SD Biosensor Inc., South Korea's largest manufacturer of COVID-19 test kits, has applied for an initial public offering to raise up to 1.3 trillion ...
May 19, 2021 (Gmt+09:00)
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Markets
With chipmakers in full gear, Hyundai Motor poised for rebound
Shares of Hyundai Motor Co. have been trapped in a boxed range for more than four months after falling from an all-time high in early January of 289...
May 18, 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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Construction & Planning
Hyundai CE, Amazon develop AI-based equipment diagnosis technology
Hyundai Construction Equipment Co. (Hyundai CE), an affiliate of Hyundai Heavy Industries Holdings Co., said on May 17 that it has jointly developed...
May 17, 2021 (Gmt+09:00)
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Deals
Biggest deal in Korea: Hanon Systems stake sale draws KKR, Carlyle, TPG
The sale process of a near-70% stake in South Korean auto parts supplier Hanon Systems Corp. has kicked off, attracting a pool of strategic investor...
May 16, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor to make EVs in US with $7.4 bn investment by 2025
Hyundai Motor Group will pump $7.4 billion into its US operations by 2025, with a focus on future mobility segments, including electric vehicles (EV...
May 14, 2021 (Gmt+09:00)
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Economy
Heavy household borrowing fans Korea’s asset market overheating
South Korea’s asset market is showing signs of overheating as households take out fresh loans at a record pace to invest in initial share sale...
May 13, 2021 (Gmt+09:00)
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Alternative investments
Korea Post commits €80 mn to Sweden's EQT Partners
Korea Post's insurance arm has committed €80 million ($97 million) to a new flagship fund of Swedish private equity firm EQT Partners that rais...
May 12, 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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IPOs
Jeju Beer aims to be S.Korea's 4th-biggest brewer by 2022
South Korea’s leading craft beer maker Jeju Beer Co. aims to be among the country's top four breweries by the end of 2022, planning to use its...
May 11, 2021 (Gmt+09:00)
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Monthly trade infographics
S.Korea: 11th in global export market for top-ranked items
South Korea ranks 11th in global export market shares with 69 top-ranked items -- reaching an all-time high In 2019, South Korean products ranked 1...
May 10, 2021 (Gmt+09:00)
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Short selling
Lifted short sale ban blamed for Korea ETF redemption
The lifting of South Korea's short-selling ban on large-cap stocks on Monday could be blamed for the recent heavy outflows from US-listed exchange-t...
May 07, 2021 (Gmt+09:00)
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Private equity
CVC names ex-Affinity Equity top manager as Korea head
CVC Capital Partners has appointed Chris Rhee, a former partner of Affinity Equity Partners, as its Seoul office head and global partner, according ...
May 07, 2021 (Gmt+09:00)
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Monthly trade infographics
K-beauty boom makes S.Korea the fourth-largest cosmetics exporter
Cosmetics industry sees continued export growth for two straight decades K-beauty has emerged as a global trend, thanks to the development of innov...
May 06, 2021 (Gmt+09:00)
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Batteries
Korea’s major firms look for M&A targets in battery materials business
South Korea’s major companies are looking for merger and acquisition opportunities in the rechargeable battery materials sector, which is grow...
May 06, 2021 (Gmt+09:00)
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Biotechnology
Sejong Univ. unveils Korea's first cultured meat prototype
Sejong University in Seoul, South Korea has unveiled a cultured meat prototype for the first time in the country.Cultured meat is an alternative pro...
May 06, 2021 (Gmt+09:00)
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Petrochemicals
Hanwha Total becomes S.Korea’s largest polypropylene maker
Hanwha Total Petrochemical Co., a 50:50 joint venture between Hanwha Group and the French oil giant Total SE, has become the company with the larges...
May 06, 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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Automobiles
Hyundai Motor to launch Genesis in Europe; US auto sales at record high
Hyundai Motor Co. is taking its standalone high-end brand Genesis to Europe, the traditional stronghold of premium cars such as BMW and Audi, as the...
May 04, 2021 (Gmt+09:00)
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Logistics
Korea’s Busan port congestion worsening with boxes stacked, ships delayed
At the Hyundai Pusan New Port Terminal (HPNT), one of the largest terminals in South Korea’s southeastern port city of Busan, 12 quay cranes a...
May 03, 2021 (Gmt+09:00)
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Upcoming IPOs
Korea bourse tries to halt unicorns following Coupang in US IPO
The Korea Exchange (KRX) will lower the bar for domestic startups' initial public offerings at home so that they will be dissuaded from joining the ...
Apr 29, 2021 (Gmt+09:00)
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Corporate bonds
Hyundai Motor's Indonesia unit issues $300 mn bond
PT Hyundai Motor Manufacturing Indonesia (HMMI) has raised $300 million in a five-year bond sale to fund the construction of its first production li...
Apr 28, 2021 (Gmt+09:00)
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Tech, Media & Telecom
Naver aims to overtake Chrome in Korea with own browser Whale in 3 years
South Korea’s top web portal operator and search engine Naver Corp. aims to overtake Google Inc.’s Chrome as the top web browser in the ...
Apr 27, 2021 (Gmt+09:00)
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Logistics
Goldman-backed Korea Superfreeze to build $2.2 bn facilities
Korea Superfreeze Co., 24.95% owned by Goldman Sachs PIA, will spend 2.5 trillion won ($2.2 billion) in building six cold storage facilities in Sout...
Apr 26, 2021 (Gmt+09:00)
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Future mobility
Hyundai Motor pilots EV mobility service for pets
Hyundai Motor Group will pilot an urban mobility service for pets in Seoul, using a specially designed Ray EV model by Kia Corp. The group said on A...
Apr 26, 2021 (Gmt+09:00)
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Industrial clean rooms
Wonbang Tech: S.Korea’s leading chip clean room company
The dew point is the temperature at which the air becomes saturated with water vapor. When cooled further below the point, the airborne water vapor ...
Apr 26, 2021 (Gmt+09:00)
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Business & Politics
Hyundai Motor chairman visits US, seeks business opportunities
Hyundai Motor Group Chairman Chung Euisun is visiting the United States seeking business opportunities in one of the South Korean automotive group&r...
Apr 23, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Evercore joins as advisor for S.Korea’s Hanon Systems stake sale
Evercore Inc., a New York-based boutique investment banking advisory firm, is joining hands with Morgan Stanley to co-manage the sale of a majority ...
Apr 23, 2021 (Gmt+09:00)