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Fri, August 7, 2020 | 05:02

Russia okays Hyundai's acquisition of GM plant

Russia okays Hyundai's acquisition of GM plant

Hyundai Motor said Wednesday that it had been given the green light from the Russian authorities to acquire a General Motors plant in Saint Petersburg, part of its plan to expand production capacity in the country. The Federal Antimonopoly Service (FAS) of Russia approved Hyundai Motor Manufacturing Russia's bid to take a 94.83 percent stake in the plant - formerly operated b...

Nam Hyun-woo | 2020-08-05 17:11

Seoul seeks to phase out diesel cars from public sector by 2025

Seoul plans to phase out diesel cars from public sector and mass transit fleets by 2025 as part of efforts to accelerate its transition to green mobility.

2020-08-01 11:55

Hydrogen electric bus delivery

Hydrogen electric bus delivery

Hyundai Motor and government officials pose for a picture after the carmaker delivered its first hydrogen electric bus to the Jeonju City Government, Wednesday. The bus is capable of operating for 450 kilometers on a single charge. From left, Ministry of Trade Industry and Energy industry policy head Kang Kyung-sung, Hyundai Motor Executive Vice President Lee In-cheol, Jeonju...

Kim Hyun-bin | 2020-07-29 17:58

Green New Deal to benefit foreign firms

Green New Deal to benefit foreign firms

The government's Green New Deal initiative is picking up steam, with over 70 trillion won to be invested to nurture eco-friendly new growth engines and provide local companies with more business opportunities in the renewable energy sector.

Kim Jae-heun | 2020-07-28 17:11

LG all smiles while Samsung, SK set to be in red for Q2

LG all smiles while Samsung, SK set to be in red for Q2

Heavy investments in the electric battery sector is expected to pay off in the coming months with some major powerhouses able to overcome their first quarter deficit in the second quarter due to a surge in global demand for electric vehicles.

Kim Hyun-bin | 2020-07-26 17:03

Weak global demand hits Hyundai Mobis Q2 earnings

Weak global demand hits Hyundai Mobis Q2 earnings

Hyudai Mobis saw a steep drop in its second quarter operating profit as the prolonged COVID-19 pandemic weakened global demand for auto parts, the Hyundai Motor Group auto parts arm said Friday.

Baek Byung-yeul | 2020-07-24 17:31

Mercedes-Benz fulfills CSR through contactless event

Mercedes-Benz fulfills CSR through contactless event

Mercedes-Benz Korea said Tuesday it will hold its “GIVE 'N RACE Virtual Run” running event from July 25 to 26, as part of its corporate social responsibility (CSR) programs.

2020-07-21 17:26

Amid Tesla's bullish run, Samsung, Hyundai seek cooperation in future vehicles

Amid Tesla's bullish run, Samsung, Hyundai seek cooperation in future vehicles

Samsung Group leader Lee Jae-yong had a second meeting with Hyundai Motor Group Executive Vice Chairman Chung Euisun, Tuesday, this time at Hyundai's Namyang R&D Center in Gyeonggi Province. The two discussed further cooperation in the electric vehicles (EVs), self-driving technology and urban air mobility (UAM) sectors, according to officials from the two companies.

Baek Byung-yeul | 2020-07-21 17:18

Korea joins with Germany to limit Tesla's use of 'autopilot'

Korea joins with Germany to limit Tesla's use of 'autopilot'

The Korea Fair Trade Commission (FTC) is reviewing Tesla's “misleading” ads after a court in Germany recently banned them.

Kim Hyun-bin | 2020-07-19 16:39

'One-day chef'

A Hankook Tire & Technology employee cooks during the tiremaker's event to express its gratitude to its employees at the firm's plant in Daejeon, Friday. Courtesy of Hankook Tire & Technology

Nam Hyun-woo | 2020-07-17 17:00

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