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Reporter : Kim Hyun-bin
Tue, May 30, 2023 | 10:55
Hyundai Motor on track to reach W10 trillion operating profit for 1st time
Hyundai Motor will likely see its 2022 operating profit reach 10 trillion won ($7.7 billion) for the first time in its history, despite a range of downside risks, such as the resurgence of COVID-19 and supply chain disruptions this year, according to industry analysts, Tuesday
Companies | 2022-08-09 16:26
Samsung Electronics signs wage deal with union for 1st time in 53 years
Samsung Electronics' union and management have reached an agreement on wage negotiations for 2021 and 2022, according to company officials, Monday. According to Samsung Electronics, the union and management of Samsung Electronics will hold a wage agreement signing ceremony on Wednesday. This will mark the first wage agreement between Samsung Electronics' labor and management ...
Companies | 2022-08-08 16:25
Hyundai, Kia urged to speed up production of EVs in US
Concerns are growing that Hyundai Motor and Kia could lose their competitiveness in the U.S. electric vehicle (EV) market unless they speed up production there amid the passage of the Inflation Reduction Act, under which EV subsidies are offered only to locally produced cars, according to industry officials Monday. The U.S. Senate passed the first draft with a 51-50 vote Sund...
Companies | 2022-08-08 16:16
LS chief to focus on creating synergy with existing and new units
LS Group Chairman Koo Ja-eun has been busy with the on-site management of major domestic affiliates for three months, to better find synergy between existing and new businesses, according to company officials. The chairman and Myung Roe-hyun, CEO of LS Corp., who took office this year, have been visiting business sites of 14 subsidiaries and sub-subsidiaries nationwide to bet...
Companies | 2022-08-07 15:50
Hyundai aims to develop own automotive semiconductors
Hyundai Motor Group is accelerating plans to develop its own automotive semiconductors, spearheaded by auto parts affiliate, Hyundai Mobis. The move is part of a strategy to cope with semiconductor supply shortage risks and strengthen competitiveness in future mobility, as the internal production of semiconductors has become more important than ever amid the transition to ele...
Companies | 2022-08-07 15:00
Hanwha to expand solar panel investment in US
Hanwha Solutions is considering scaling up its planned investment in the U.S. to solidify its status as top solar module manufacturer in the world's largest renewable energy market, according to company officials, Thursday. The expanded investment appears to be the will of company President Kim Dong-kwan, who has been leading Hanwha's eco-friendly business drive.
Companies | 2022-08-04 16:11
Hyundai Motor America appoints Randy Parker as CEO
Hyundai Motor America (HMA) has promoted Randy Parker as its chief executive officer starting this month. In this role, Parker assumes responsibility for Hyundai's commercial automotive operations in the U.S. “Randy is the perfect person to continue Hyundai's recent successes in sales, market share, and growth in the U.S.,” said Jose Munoz, CEO of Hyundai Motor North America....
Companies | 2022-08-04 15:39
Hyundai takes top honors in 2022 Red Dot Award
Hyundai Motor Group received Best of the Best awards in two categories at the 2022 Red Dot Award: Brands & Communication Design hosted by the Design Zentrum Nordrhein Westfalen in Germany, as well as Winner awards in six categories. The Hyundai Motor booth for CES 2022, which embodies the robotics vision of the company, portrayed at Consumer Electronics Show 2022 (CES) in Jan...
Companies | 2022-08-04 15:39
Conglomerates strengthen COVID-19 quarantine guidelines
The resurgence of COVID-19 is keeping major companies on their toes, inevitably strengthening quarantine measures such as refraining from face-to-face meetings and business trips. Some argue that if the government strengthens quarantine regulations, many companies could bring back work-from-home policies. Samsung Electronics has established quarantine guidelines to discourage...
Companies | 2022-08-03 16:42
Samsung Electronics hires seasoned corporate buyout expert
Samsung Electronics has recruited a seasoned expert in corporate acquisition to spur its largely-stalled attempt to enter new businesses, according to industry officials Wednesday. The company recently hired Chung Seoung-taek, who previously worked at Qualcomm and other global tech giants, as the head of the new business taskforce with a mandate to find new growth engines abr...
Companies | 2022-08-03 16:36
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