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Reporter : Kim Hyun-bin
Sun, December 3, 2023 | 11:22
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.
Companies | 2023-01-16 13:49
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...
Companies | 2023-01-13 17:04
FKI chairman voices intention to step down next month
Federation of Korean Industries (FKI) Chairman Huh Chang-soo expressed his intention to resign after his term ends next month, according to industry officials, Friday. Huh announced his intention last week while having a meal with the vice chairman of the FKI at a hotel in Seoul. The dinner was attended by Kolon Group Honorary Chairman Lee Woong-yeul and Hanjin Group Chairman...
Companies | 2023-01-13 17:03
Lotte CEOs meet in person to plan for 2023
Lotte Group Chairman Shin Dong-bin is seeking ways to strengthen corporate competitiveness amid the global economic downturn, according to the company, Thursday. Lotte held the 2023 Lotte Value Creation Meeting (VCM), at Lotte World Tower in Seoul, Thursday, and discussed group management plans and medium- to long-term strategies as global market volatility and uncertainty ar...
Companies | 2023-01-13 08:50
Chung Euisun named MotorTrend Person of the Year
Hyundai Motor Group Executive Chair Chung Euisun has been selected to win the MotorTrend Person of the Year award, according to the company, Thursday. The MotorTrend Power List ranks the 50 most influential people in the global automotive industry each year. During the past five years, Chung has risen progressively from his first appearance on the power list at No. 12 in 2018...
Companies | 2023-01-12 15:09
Chaebol tycoons to accompany Yoon on UAE visit
Heads of major domestic companies will accompany President Yoon Suk Yeol on his upcoming visit to the United Arab Emirates (UAE) this year as they seek to find new business opportunities in the oil-rich nation, according to industry officials Wednesday. The top businessmen include Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Group Executive Chair Chung Euisun and ...
Companies | 2023-01-11 16:41
Tesla criticized for battery fire, malfunctions
Tesla Korea has found itself facing criticism following a series of high-voltage battery failures, while one of its electric vehicles caught on fire while being repaired at a service center. Jitters have been increasing among many drivers of the popular EV over the possibility of their electric vehicle (EV) catching on fire, industry officials and Tesla drivers said, Wednesda...
Companies | 2023-01-11 16:06
SK Inc. to hold SK Bio Night to seek new opportunities in US
SK Inc. and its affiliates including SK biopharmaceuticals and SK pharmteco will hold a networking event to expand their partnerships in the U.S., the world's largest bio and pharmaceutical market. SK Inc. announced that it will hold SK Bio Night on Jan. 11 at the Four Seasons Hotel in San Francisco.
Companies | 2023-01-10 16:58
IONIQ 5 bestselling EV in Korea
Hyundai Motor's IONIQ 5 topped the list for the best-selling electric vehicle (EV) in the domestic market last year, according to industry officials, Wednesday. Last year's annual domestic sales of EVs reached a record high as five domestic automakers exceeded 120,000 vehicles sold. The share of the EV market occupied by Hyundai Motor and Kia Corp. reached 97 percent among do...
Companies | 2023-01-10 16:43
LG Innotek's exhibit attracts over 20,000 visitors at CES
LG Innotek completed its first exhibition at the Consumer Electronics Show 2023 (CES) recently held in Las Vegas, U.S., showcasing cutting-edge products, the company said Monday. In the past, the company participated in the CES in the form of a closed exhibition and introduced its products only to specific customers. This is the first time LG Innotek presented products, rangi...
Companies | 2023-01-10 16:42
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