Founded in 1947, Hyundai was a South Korean conglomerate with activities spanning retailing, shipbuilding, car and truck making and property. It was broken up after the 1997 Asian financial crisis, and effectively reduced to container shipping services, elevator manufacture and tourism. And Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group and Hyundai Development are no longer connected to Hyundai Group.
Hyundai Motor Group, which houses Hyundai Motor and Kia and Genesis, aims to sell about one million EVs per year by 2025 to achieve a 10 per cent share of the global EV market.
The band’s oldest member has a VVIP Hyundai Black credit card – and he’s not afraid to flash it and splash it on lavish band dinners, Givenchy fashion and fabulous flats for himself and his parents
The top 31 chaebols, including LG and Hyundai, made 66 per cent of all South Korea’s exports in 2018 – but TV dramas aside, who are the country’s wealthiest, and most eligible, heirs?
BotRide will start operations on November 4 with an initial fleet of 10 autonomous sport utility vehicles, providing free rides in the city of Irvine through January.
Do BYD, BAIC, SAIC and Nio sound like alphabet soup? Not in China, where these companies have dominated the world’s largest electric car market
The decline of Ulsan, once South Korea’s richest city, tells the story not only of the seismic forces shaking the global shipbuilding industry, but also a schism that is dividing the country over its vast, family-run conglomerates.
South Korean firms Samsung, Lotte, Kia and Hyundai are winding down their China business due to political risks, tariffs and a loss of market share.
Strict capital controls and Beijing’s belt and road push have led to a dramatic fall in Chinese investment in overseas real estate
Whether Karuizawa’s Geisha Series or 1800 Tequila’s Essential Artists collection featuring the work of Jean-Michel Basquiat, this liquor is worth grabbing for the exclusive artistic packaging
The South Korean carmakers have recalled more than 2.3 million vehicles since 2015 to address various engine fire risks.
But analysts are not convinced it is the right move for the carmaker, which is fifth-largest in the world by sales but struggling to regain market share in the US and China.
Hyundai said the duties would be “devastating” while BMW wrote to US Commerce Secretary Wilbur Ross.
Hyundai Motor and Kia Motors workers agreed to go on strike for a second year to demand higher wages.