Hyundai Motor Group Chairman Chung Mong-koo on Monday urged the company to strive to overcome the uncertain business environment and achieve the group’s sales target of 8.25 million cars in the new year. “Trade protectionism is spreading and competition in the auto industry is intensifying, raising business uncertainty” Chung warned Monday during a New Year’s meeting. “We will have agile and fle...

Samsung C&T has been engaging in corporate social responsibility projects by using its expertise as a leading construction and engineering firm. Its representative projects include “C&T village” and “Dream Tomorrow.” C&T village helps improve living conditions in different countries in conjunction with volunteer organization Habitat for Humanity Korea. This includes rebuilding and fixing houses...

Hyundai Card, the financial unit of Hyundai Motor Group, has opened Hyundai Card Studio Black, a co-working space for fledgling entrepreneurs and creators, near Gangnam Station in southern Seoul. Hyundai Card -- known for its out-of-the-box management, which shook up the Korean finance market in 2003 -- has incorporated into Studio Black the successful elements that helped make the Hyundai Card ...

By Park Heung-soo, Professor at Yonsei University School of Business Apple’s brand value in 2016, according to Interbrand, was tops in the world at $178.1 billion. The No. 2 spot went to Google with $133.2 billion and third to Coca-Cola with $73.1 billion. South Korea’s Samsung came in at No. 7 with $51.8 billion. Brand value is a monetary unit of the current value of a brand. It would be the ...

Since its establishment in 2000, Mirae Asset Park Hyeon Joo Foundation has supported more than 150,000 Korean students as part of its drive to share responsibilities for the country and society, the company said Tuesday. Mirae Asset, the country’s leading financial group, runs a domestic scholarship program that selects successful candidates recommended by each university once a year. The progra...

Hyundai Motor Group wrapped up its year-end strategy meeting on Tuesday, with plans to expand its SUV and new energy vehicle lines next year. The group, the owner of South Korea’s two biggest carmakers Hyundai Motor Co. and Kia Motors Corp., will introduce more sport utility vehicles tailored to local markets and new energy vehicle lines to spur growth in 2017, the company said. Both carmakers ...

Last week, Hyundai Motor and its affiliate Kia Motors won a total of four design awards at the Good Design Awards in the US. Hyundai Ioniq, the Kia K7 -- also known as the Kia Cadenza overseas -- the Kia Telluride and Genesis’ concept car “Vision G” were among 13 vehicles awarded in the transportation category at the oldest and the most prestigious architecture and design awards. Chung Mong-koo...

Hyundai Card Corp. has rolled out diverse products and services to reinvigorate itself into a digital-based company under the “Digital Hyundai Card Initiative” announced in 2015. The measures have included the launches of a string of products and systems to provide digital solutions needed for consumer finances. In recognition of such efforts, the company was given an award by the Ministry of S...

Kia Motors’ hybrid crossover utility vehicle Niro has been recognized by the Guinness World Records for the lowest fuel consumption, the company said Friday. The 2017 Niro EX traveled 5,977.9 kilometers from Los Angeles to New York City between Dec. 4 and 11, using a total of 183.6 liters of gas. This marks a record of 3.7 liters per 100 kilometers, for the lowest fuel consumption drive across t...

South Korea’s leading automaker Hyundai Motor Co. is planning to show off its self-driving technology at the largest consumer electronics show in Las Vegas next month, the company said Thursday. Two models of Hyundai’s Ioniq hatchbacks -- one electric and one hybrid -- will hit the road without a driver during the annual Consumer Electronics Show, which will be held from Jan. 5-8. Hyundai unvei...

South Korea’s auto exports to Algeria soared in October as Hyundai Motor assembly plants have begun operations there, a trade agency said Wednesday. Exports of passenger cars to the North African country jumped 51.5 percent in the first 10 months of this year to $92.56 million due to high growth in October, according to the Korea Trade-Investment Promotion Agency. Shipments of commercial vehicl...

The Korea Herald is publishing a series of articles on moves made by the companies and governments of South Korea, China and Japan in entering the new Industry 4.0 era. This is the third installment. -- Ed. Shenzhen, CHINA -- Displayed in front of the main building of the BYD Auto headquarters in Shenzhen, China, are the company’s signature lineups: the Tang SUV, Qin compact sedan, compact cross...