Some 12 executives at Hyundai Motor are accused of selling their stocks in the Korean automaker before the news of the project with Apple being canceled was made public. The executives are reported to have pocketed 830 million won.
Hyundai Motorstudio Busan opens in Busan on Thursday. It is the first Hyundai Motor brand experience space to open outside of the greater Seoul area. The studio will mainly exhibit the automaker's concept cars.
The first quarter sales of three domestic carmakers in Korea showed their worst performance since 1998, when the country was swept by the Asian financial crisis.
In any field, a reinterpretation is unlikely to surpass the original. But that may not be the case for Matthew Bourne's 1995 reinterpretation of "Swan Lake," one of ballet's most classic works originally composed by Russian composer Pyotr Ilyich ...
Participants in the opening ceremony of an alliance on future cars and semiconductors between the Ministry of Trade, Industry and Energy and companies listen to a speech by Kang Kyung-sung.
Hyundai Motor and four related companies, including Kia and Hyundai Mobis, lost 13.5 trillion won ($12 billion) of market capitalization on Monday as the Korean automaker said it is not in talks with Apple to collaborate on the Apple car.
Hyundai Motor, Kia and auto parts affiliate Hyundai Mobis said Monday they are not currently in talks with Apple to develop an Apple car.
Cars remain in an outdoor parking lot at an apartment complex in Seoul Thursday morning as residents eschew driving in favor of public transport after overnight snowfall.
Exports of fully-electric vehicles increased 65.9 percent to $3.9 billion last year, surpassing exports of hybrid electric vehicles for the first time.
Kia’s share price hit a new all-time high on Wednesday after news reports Tuesday evening that it might be collaborating with Apple to make the so-called Apple car.