Hyundai Motor Group said Friday that it has completed the establishment of a 50:50 joint venture with the US software developer of autonomous vehicles Aptiv. The headquarters of the joint venture will be set up in Boston, Massachusetts, and it will run research centers in both the US and Asia, the company said, adding that the company mission will be announced in the near future. In September l...

Hyundai Mobis said Thursday that its air bag that ejects out from the sunroof has been evaluated and shared by the US National Highway Traffic Safety Administration. The first kind to be invented in the world, according to the firm, the roof air bag is unfolded when a vehicle is flipped over during an accident. It can cover the entire roof in 0.08 seconds, aimed at protecting passengers inside t...

Hyundai Motor said Thursday its steady-selling sedan Avante’s latest model has received 10,058 preorders on the first day of reservation. The number is double the average monthly sales figure of Avante, as well as nine times more than the preorders for sixth-generation Avante, the company said. It is also beats the past preorder record of the first-generation Avante -- which was named Elantra. ...

Pablo Rosso, president and managing director of Fiat Chrysler Automobiles Korea, has been appointed as the 13th chairman of the Korea Automobile Importers & Distributors Association, according to the association on Wednesday. He will be the first foreign chairman and serve a two-year term from April. The association said that Rosso’s wide understanding and experience in the imported car industr...

Han Sung Motor, an official dealer of Mercedes-Benz Korea, said Wednesday that it has partnered with global esports company Gen.G, to expand its customer base by promoting the brand. Gen.G is a global esports team that was launched in 2017. It was ranked sixth in the Forbes’ world’s most valuable esports companies last year, with top results at games such as League of Legends. Han Sung Motor’s ...

An apartment complex located inside the Yongsan Garrison -- US Forces Korea headquarters before its relocation to Pyeongtaek -- will be temporarily open to public from April 28, the Land Ministry said Wednesday. It is the first time the public will have access in 116 years. In 1904, the Japanese military established its headquarters in Yongsan, central Seoul, after the Russo-Japanese War. In 19...

Hanjin KAL, the holding company of Hanjin Group that owns the country’s largest airline Korean Air, said Tuesday that it would ask shareholders to make the “wise decision” to vote for a current Chairman Cho Won-tae to retain his top seat. The vote will take place during the shareholders meeting slated for Friday. Hanjin KAL said in a statement that as the global aviation industry has been hit h...

Hyundai Glovis said Tuesday that it has launched the first noncontact used car auction system by integrating information at different centers into one cloud server. The system, called “Autobell smart auction,” offers three times more sales items than other used car dealers, the supply chain management unit of Hyundai Motor Group said. It combines auction data in a cloud server gathered from its ...

Cash-strapped SsangYong Motor said Monday it is seeking to reengineer its business with a strengthened self-rescue plan to race back on the road to profitability. The South Korean unit of Indian carmaker Mahindra and Mahindra -- which held two rounds of negotiations with the labor union last year -- has been focusing on normalizing its business. To improve its fiscal health, the automaker’s emp...

Hit by a severe drop in passengers and suspension of international routes over the coronavirus pandemic, South Korean budget carrier Eastar Jet announced Sunday it will halt all services starting next week. The low-cost-carrier has decided to halt all flights to Jeju Island from Gimpo, Cheongju and Gunsan airports from Tuesday. They were the only routes that the air carrier has been operating s...

Hyundai Mobis said Sunday it has developed a radar-using rear occupant alert system that will be adopted by new models of global carmakers. According to the auto parts making unit of Hyundai Motor Group, ROA is a system that was developed based on radar that uses sensors for autonomous driving. It is built on a software algorithm that detects even the most minute movements of a passenger in the ...

Hyundai Motor Group Executive Vice Chairman Chung Euisun has been elected the new chairperson of the group’s board of directors, in an apparent move to give the heir apparent more managerial power as he seeks to strengthen the future mobility vision. According to the company, it was decided for Chung to succeed his father, Hyundai Motor Group Chairman Chung Mong-koo, in his chairmanship during a...

South Korean full-service carrier Asiana Airlines said Thursday that it has sent a chartered flight to bring back some 80 South Koreans stuck in Iran, where the COVID-19 has been rapidly spreading. Asiana Airlines said 80 Koreans left Tehran, Iran, to board a chartered flight in Dubai, United Arab Emirates. The flight departed the Al Maktoum International Airport, some 37 kilometers from Dubai, ...

This strategy has been difficult by local rivals to follow, as many of them went through restructuring, labor-management disputes and ownership changes without the backing of sturdy capital. Amid growing popularity of sports utility vehicles globally, Hyundai Motor has been quickly focusing on diversifying SUV lineups over the past few years. From January to November last year, Hyundai Motor so...

Hit by a sharp drop in the number of passengers flying in and out of Gimpo International Airport amid COVID-19 concerns, Shilla Duty Free said Thursday that it will temporarily close its store at Gimpo International Airport until March 28. This follows another duty free operator Lotte Duty Free’s decision last week to close its store at Gimpo International Airport amid dwindling sales. Industry...