Hyundai Motor Group and LG Energy Solution will invest 1.17 trillion won ($1.1 billion) in a factory for electric vehicle (EV) battery cells in Indonesia, a promising EV market.
Hyundai Motor's unionized workers voted in favor of a tentative wage package, according to the automaker on Thursday.
The nation's dominance in archery at the Olympics continued this year, with Team Korea winning three golds, in part thanks to support from Hyundai Motor Group which has been sponsoring the sport for the past 37 years.
Chung Mong-koo, honorary chairman of Hyundai Motor Group, was inducted into the Automotive Hall of Fame at the 2020/2021 Induction and Awards Ceremony in Detroit on July 22.
Hyundai Motor reported 1.98 trillion won in net profit in the second quarter, a whopping 425.5 percent jump from a year earlier thanks to recovery of the global auto market and sales of high-margin SUVs.
Hyundai Motor’s management and unionized workers reached a tentative agreement on this year's wage package on Tuesday, avoiding a walkout for the third consecutive year.
Hyundai Motor world premiered the Avante N sedan Wednesday and introduced it in Korea as the company endeavors to strengthen its high-end offerings.
The Genesis G80 is a dominant force in Korea's luxury sedan market. Whether its electric version will assume the same crown in the burgeoning electric vehicle (EV) market remains to be seen.
Unionized workers at Hyundai Motor are likely to stage a walkout for the first time in three years due to failed negotiations over pay and the retirement age.
Hyundai Motor, Kia and three related companies said Wednesday they are joining the RE100 campaign, a global campaign encouraging businesses to use only renewable electricity by 2050.