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Thu, November 30, 2023 | 01:25
Hyundai Motor Group exceeds 1 mil. in cumulative global EV sales
Hyundai Motor Group's global electric vehicle (EV) sales have exceeded 1 million, 11 years since the launch of its first EVs, according to the company, Tuesday. The group's total EV sales stood at 1,022,284 vehicles last year. Hyundai Motor Company sold 601,448 vehicles, including its luxury brand Genesis, while Kia sold 420,836.
Hyundai Motor, Kia offsetting sluggish China sales in India
Hyundai Motors and Kia Corp. are banking on the Indian market, which has emerged as the world's third-largest automobile market after China and the United States. Many experts believe Hyundai Motor Group was in dire need of finding success in India to offset sluggish sales in China. Following last year's record-high sales in the South Asian nation, the company plans to contin...
Operations resume at POSCO's flood-hit Pohang steel mill
POSCO has completed the restoration of all 17 rolling mills at Pohang Steel mill and is scheduled to start normal operations, Friday, 135 days after temporarily closing due to flooding caused by Typhoon Hinnamnor last year, the steelmaker said Thursday. In order to resume operations, not only the employees of Pohang steel mill, but workers at Gwangyang steel mill, Seoul POSCO...
Hyundai Motor Group promotes Busan's bid for World Expo 2030 at Davos
Hyundai Motor Group exhibited the Genesis X concept car during the “Korea Night” event held on the sidelines of the 2023 World Economic Forum (WEF), also known as the Davos Forum, the company said, Thursday. The company announced Wednesday (local time) that it displayed the luxury vehicle inside a transparent glass container that displayed the words “World Expo 2030 Busan, Ko...
Biz leaders promote Busan's Expo bid at Davos
Major Korean business conglomerates are gearing up to promote the southern port city of Busan's bid to host the World Expo 2030 at the World Economic Forum (WEF) held in Davos, Switzerland. According to industry officials, Tuesday, the heads of big business groups, including Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won, arrived in Switzerland t...
Land Rover release Defender 75th Limited Edition
Jaguar Land Rover Korea held an event to unveil its limited-edition Land Rover Defender for the first time in Korea, celebrating the 75th anniversary of the model at the D Museum in Seoul, Tuesday. The all-new Defender and classic Defender vehicles, including the Defender 75th Limited Edition, were exhibited.
SK cooperates with UAE to respond to climate change
SK Group will enhance cooperation with Mubadala Investment, a sovereign wealth fund of the United Arab Emirates (UAE), to overcome the climate change crisis, according to the company Monday. The company announced that it had signed a memorandum of understanding (MOU) with Mubadala on the establishment of the Voluntary Carbon Market (VCM) Asia Partnership at the Presidential P...
Hyundai Motor promotes Busan's bid for World Expo 2030 at Davos Forum
Hyundai Motor Group (HMG) will actively engage in promoting the Busan World Expo 2030 in Davos, Switzerland, where the World Economic Forum (WEF), also known as the Davos Forum, will be held, according to the country's leading carmaker, Monday.
Hyundai Motor's Lee Suk-yi becomes 17th sales master with 5,000 cars sold
Lee Suk-yi, sales general manager of Hyundai Motor's Cheonan West Branch, was selected as the company's latest sales master after achieving the sales of over 5,000 vehicles, the company announced Monday. Sales master is an honor given to employees who have exceeded 5,000 cumulative sales, and only 17 people, including Lee, have been honored with the title.
Young drivers rush to sell cars as interest rates rise and economy sputters
Many young drivers in their 20s to 40s are rushing to sell their vehicles, burdened by high interest rates and inflation amid an economic recession, according to industry officials, Friday. The Ministry of Land, Infrastructure and Transport's car registration data in December last year showed the number of vehicles registered by males in their 20s to 40s decreased by 98,967 f...