Hyundai Motor steps up autonomous driving push as Chairman Chung backs software unit 42dot

South Korea’s Hyundai Motor Co. is accelerating its push into autonomous driving, with Executive Chairman Chung Euisun pledging stronger suppo...

S.Korea, UK strike upgraded trade deal, expanding market access on both sides

South Korea and the UK have agreed to upgrade their bilateral free trade agreement, a move Seoul expects will unlock fresh export momentum in automo...

Hyundai’s luxury brand Genesis to launch high-performance Magma variants in all trims

LE CASTELLET, France – Genesis, Hyundai Motor Group’s luxury marque, has spent the past decade proving it belongs in the global premium ...

Washington endorses Seoul's nuclear submarine ambitions, slashes auto trafiffs

South Korean President Lee Jae Myung said on Friday that the US has agreed to support Seoul’s long-held pursuit of nuclear-powered submarines ...

Hyundai Motor Group to build $2.7 bn EV mother factory in S.Korea

Hyundai Motor Group, the world’s third-largest automaker with 7.23 million vehicles sold last year, will invest 4 trillion won ($2.7 billion) ...

GM Korea to close company-run service centers amid US tariff pressure

GM Korea will shut down its company-operated service centers in South Korea by February 2026, according to people close to the matter on Friday. The...

Kospi’s record run draws foreign bulls back to Seoul

Foreign investment banks that once kept Korean equities at arm’s length are now scrambling to catch up as South Korea’s benchmark Kospi ...

Hyundai Motor's Chung, Saudi Arabia’s crown prince discuss cooperation beyond autos

Hyundai Motor Group, South Korea’s largest automaker, is setting its sights on next-generation energy ventures in Saudi Arabia, expanding its ...

Hyundai Motor beats Toyota to reach 33rd on Time’s World’s Best Companies 2025 list

Hyundai Motor Co. has been named South Korea’s top-performing company in Time magazine’s annual ranking of the World’s Best Compan...

CATL chief to meet Hyundai Motor head, CEOs of Korean rivals, battery materials firms

Robin Zeng, founder and chairman of Chinese battery manufacturer Contemporary Amperex Technology Co. (CATL), is expected to discuss partnership with...

POSCO International builds Polish motor core plant; Mexico factory due by year-end

POSCO International Corp., the energy and trading unit of South Korea’s steel giant POSCO Holdings Inc., said on Thursday that it has inaugura...

Hyundai Motor to double new hybrid models, hike investment to achieve 9% margin

Hyundai Motor Co. aims to more than double its hybrid vehicle lineup by the end of the decade, as the top South Korean automaker bets on a mix of ec...

Foreign investors dump Samsung in August, buy Kakao and Hyundai Motor

Foreign investors turned net sellers in South Korea's stock market in August, offloading Samsung Electronics Co., internet giant Naver Corp. and shi...

S.Korea-US summit yields no joint statement amid split on auto tariffs, MFN status

WASHINGTON D.C. – South Korean President Lee Jae Myung’s first bilateral meeting with US counterpart Donald Trump ended in a cordial atm...

Hyundai Mobis pushes into robotics for edge in humanoid era

Hyundai Mobis Co., the auto parts arm of Hyundai Motor Group, will expand into robotics and automotive semiconductors in a bid to secure new growth ...

Hyundai Motor Group launchs 1st EV-only production lines in Europe

Kia Corp. on Aug 20 launched production of the compact electric sedan EV4 at its plant in Žilina, Slovakia. The EV4 represents Kia's first Europe-bu...

Korea Inc pledges $150 bn US investment; KAL buys new planes, Samsung, Hyundai Motor vow extra spending

WASHINGTON, D.C. – South Korea’s biggest conglomerates have committed $150 billion in fresh investment in the US in a sweeping package t...

Korean tycoons head to US to support summit; Samsung likely to unveil fresh investment

The heads of South Korea’s largest conglomerates are heading to the US to support a Seoul-Washington summit, with investors watching closely f...

Hyundai Motor to up ante in US with full hybrid lineup in 2026

Hyundai Motor Group plans to expand hybrid offerings across its entire US lineup to cushion profitability from US tariff fallout while hoping to nar...

Hyundai overtakes Volkswagen as world’s 2nd most profitable carmaker

Hyundai Motor Group overtook Volkswagen Group as the world’s second most profitable carmaker in the first half, indicating the leading South K...

Korens cleared in trade secrets dispute with SNT Motiv

South Korean auto parts manufacturer Korens and its affiliate Korens EM have been cleared of all charges in a years-long legal battle with larger ri...

Hyundai Mobis defies tariff headwinds with 37% jump in Q2 profit

South Korea’s top auto parts maker Hyundai Mobis Co. posted a 36.8% year-on-year rise in second-quarter operating profit, buoyed by a strategi...

US tariffs dent Hyundai Motor's Q2 earnings despite solid sales

Hyundai Motor Co. on Thursday reported its first double-digit profit fall in five years in the second quarter despite posting record second-quarter ...

GM CEO Mary Barra quells Korea exit talk amid mounting auto tariff pressures

US auto giant General Motors Co. is regarding its South Korean factories as central to its global supply chain, particularly for compact SUVs and el...

Hyundai Motor’s high-stakes gambit in US: Cut vehicle prices as rivals hike theirs

As global automakers raise prices in the US market to respond to new Washington import tariffs, South Korea’s Hyundai Motor Group is taking th...

With waning MZ interest, is heyday over for S.Korea’s golf apparel market?

South Korea’s once-dominant golf apparel market, the largest in the world at its peak, is rapidly losing steam, as sales tumble and brands scr...

Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs

Samsung Electro-Mechanics Co., a leading South Korean electronics parts maker, has abandoned plans to build a new manufacturing plant in Mexico and ...

DB Insurance in talks to buy US auto insurer Fortegra in $1.5 billion deal

DB Insurance Co., a leading South Korean non-life insurance company, is in advanced talks to acquire US-based insurer Fortegra in a deal that could ...

Hyundai helps Korean economy most with $265 bn contribution

Hyundai Motor Group, the world’s third-biggest automaker, generated the most economic value among major South Korean conglomerates last year, ...

Hyundai Motor-backed Motional names AI veteran Laura Major as CEO

Motional Inc., the autonomous driving joint venture backed by Hyundai Motor Group, has appointed Laura Major, an artificial intelligence and robotic...