Hyundai Motor Group’s two auto brands -- Hyundai Motor Company and Kia -- have set a new record by selling some 767,000 hybrid electric vehicles across the world through November this year, the South Korean auto giant said Wednesday. According to the automakers, Hyundai Motor Company and Kia sold 254,258 HEVs in the Korean market, accounting for 21 percent of their total domestic sales during the January to November period. The two companies sold 513,000 HEVs overseas in the same timeframe

Mobility Dec. 27, 2023

Hyundai Motor Group has set its sights on the Southeast Asian region in search of alternative markets outside of China and Russia as the Korean automaker looks to move beyond its heyday in the two state-dominated nations. Hyundai Motor’s Chinese business used to boast upbeat sales of over 1 million units per year with five local manufacturing plants in operation. This came to an abrupt end in 2017 when Beijing took retaliatory actions against South Korean companies in response to Seoul&rsq

Mobility Dec. 26, 2023

Hyundai Mobis will work with US software company Wind River to develop a digital twin system called M.Dev Studio to optimize the future working conditions of crafting auto parts, the South Korean auto parts maker said Monday. M.Dev Studio is expected to offer a virtual space for not only Hyundai Mobis, but also its partners and various research teams to carry out joint projects through simultaneous simulation and remote monitoring as they work on developing core auto technologies and products to

Mobility Dec. 25, 2023

진행자: 간형우, Beth Eunhee Hong All Koreans need for Christmas is ... a cake? 기사 요약: 한국인이 크리스마스날 케익을 찾는 현상과 그 유래 [1] Ever wondered what Koreans most enjoy on their Christmas dinner tables? *wonder: 궁금해하다, 경이로운 것 [2] While the classic yuletide meal of turkey and stuffing are hard to find and there's no specific Korean Christmas dish, people often turn to a special treat enjoyed on other special occasions: cakes. *yuletide: 크리스마스 계절 [3] Sharing a cake after a Christmas meal, which could be any

Podcast Dec. 25, 2023

진행자: 간형우, Beth Eunhee Hong Half of Koreans could be over 65 by 2072 기사 요약: 출산율 반등해도 2072년 한국엔 65세 이상 고령인구가 절반 이상이라는 통계청 예측 [1] South Korea could see a more than 40 percent decline in its population in 50 years' time, with half of its people aged over 65, a recent report released by Statistics Korea showed. *decline: 감소, 하락하다, 사양하다 [2] The worst-case scenario in the agency’s projections for the country’s population between 2022-2072 forecast the nation's population would

Podcast Dec. 21, 2023

Hyundai Motor Group promoted 252 executives on Wednesday, the largest upper-level promotion ever in the company’s history, on the back of its record-high earnings this year as it looks to find future mobility leaders. Hyundai Motor said the promotions focused on preparing for the future as it speeds up its generational shift in leadership. Among the promoted, there are 197 newly appointed executives, of which some 38 percent are in their 40s. The conglomerate's proportion of those in their

Mobility Dec. 20, 2023

Hyundai Motor Group said Tuesday it has decided to sell its entire shares of its car manufacturing plant in Russia, which has been temporarily shut down because of Russia's invasion of Ukraine, to a Moscow-based company, ending a decadelong operation. The carmaker’s board of directors approved selling Hyundai Motor Manufacturing Russia in St. Petersburg, along with a General Motor plant it acquired in 2020 to the Russian automotive service firm Art-Finance. “We have reviewed var

Mobility Dec. 19, 2023

Hyundai Motor Group said Tuesday that it has donated 35 billion won ($26.8 million) to Community Chest of Korea, a nonprofit organization and state-sanctioned charity. The South Korean auto conglomerate has taken part in CCK’s year-end campaign for helping the underprivileged since 2003. Hyundai Motor said it increased this year’s donations by 10 billion won. According to the company, the auto giant’s accumulated amount of donations reached 394 billion won as of this year. &ldq

Mobility Dec. 19, 2023

South Korean battery and energy firms that have already built production sites in the United States are expected to receive tax credits from the US Inflation Reduction Act, Korea's Ministry of Trade, Industry and Energy said Friday. The US Department of Treasury earlier unveiled proposed guidelines for manufacturers looking to receive consumer tax credits for making eco-friendly energy components such as batteries for electric vehicles and solar panels. The incentive, named the Section 45X Advan

Industry Dec. 15, 2023

Hyundai Motor's all-electric compact sports utility vehicle, the Kona Electric, will continue to be eligible for cash incentives offered by the French government to buyers of electric vehicles. Paris on Thursday released a list of 78 EVs from 22 brands eligible for the government incentives. According to the announcement, Kona was the only Korean vehicle that remained eligible, whereas Kia’s two hybrid vehicles -- the Niro and Soul -- were excluded from the list. The new eligibility l

Mobility Dec. 15, 2023

Kia will present its future sustainable mobility strategies and unveil five new concept vehicles for the first time at the CES tech show in Las Vegas early next month, the Korean automaker said Thursday. Returning to CES for the first time since 2019, Kia said it will redefine the “Purpose-Built vehicle,” or PBV, the brand’s total mobility solution, to “Platform Beyond Vehicle” to offer experience-based values that suggest new business and lifestyles. The automaker

Mobility Dec. 14, 2023

The attempt to sell off South Korea’s largest container shipper HMM has been delayed while the two bidders -- Dongwon Group and Harim Group -- continue to battle over the bidding process. Dongwon last week filed a complaint over the fairness of the bidding process and raised the possibility of taking legal action if the state-run Korea Development Bank and the Korea Ocean Business Corporation, the owners of 39.879 million shares in HMM, accept Harim Group’s proposal, which has reques

Industry Dec. 14, 2023

South Korean shipbuilding and heavy industries conglomerate HD Hyundai is looking to further strengthen its business ties with Saudi Arabia. HD Hyundai Vice Chairman Chung Ki-sun on Wednesday met with two high-ranking officials from Saudi Arabia -- Minister of Industry and Mineral Resources Bandar Ibrahim Alkhorayef and Saudi Industrial Development Fund CEO Sultan Bin Khalid Al Saud -- at the headquarters of HD Hyundai Heavy Industries in Ulsan. Chung was accompanied by HD Hyundai Oilbank CEO

Industry Dec. 13, 2023

[코리아헤럴드=간형우, 변혜진 기자] 르노코리아자동차가 내년 본격적인 리브랜딩에 나선다. 4년 간의 공백을 깨고 새로 출시할 중형 하이브리드 SUV(스포츠유틸리티 차량)를 시작으로 ‘구식’ 브랜드 이미지를 탈피하고 한국과 글로벌 시장을 공략한다는 구상이다. 르노코리아자동차 스테판 드블레즈 사장은 최근 코리아헤럴드와의 인터뷰에서 “내년 가장 중요한 두 가지 사업은 브랜드 이미지 제고와 2분기 오로라1(가칭) 차량 출시”라며 “지난 22년 간 우리는 (한국 시장에서도) 유럽 중심적인 차량을 선보였기 때문에 프랑스 자동차제조사의 정체성과 한국 소비자의 요구를 조화롭게 융합하는 데 실패했다”고 말했다. 이어 그는 “르노삼성자동차 시절 삼성의 헤리티지 덕분에 SM5, QM6, QM3 등 르노 자동차의 브랜드 이미지가 좋았다”면서도 “하지만 시간이 흐르면서 르노는 구식이라는 인식이 강해졌고 신선한

한국어판 Dec. 11, 2023

Porsche Korea CEO Holger Gerrmann has been appointed as an honorary foreign citizen of Seoul, the German automaker's Korean office said Monday. "Blending historical landmarks and modern cityscapes and combining vibrant cultural diversity, Seoul is a city that inspires dreamers and is full of positive energy for the future," Gerrmann said in a statement. "As a representative of the corporate citizens and a citizen of Seoul, I will continue to fulfill my social responsibilities

Mobility Dec. 11, 2023