US patents are given to Hyundai's "walking vehicle."

Hyundai Motor Group has taken the next step toward making its futuristic four-legged cars a reality by getting licenses for walking cars in the US.

According to the US Patent and Trademark Office on Tuesday, two patent applications for walking cars were published under the names of both...

Next-generation Korean destroyer models are revealed by HD Hyundai Heavy Industries.

The models of a next-generation Korean destroyer and other combat ships in development will be unveiled by HD Hyundai Heavy Industries.

On June 4, HD Hyundai Heavy Industries declared that it will take part in MADEX 2023, the International Maritime Defense Industry Exhibition, which wil...

S. KOREA’S AUTOMOBILE EXPORTS ROSE TO 53% IN APRIL

Highlights –

• S. Korea’s automobile exports rose to 53% in April.
• In April, S. Korea’s outbound shipments of automobiles reached 188,293 units.
• Hyundai Motor Co. saw its exports jump 40.3 percent in April.
• SsangY...

CHIP SHORTAGE LEADS HYUNDAI & KIA TO SUSPEND FEW ASSEMBLY LINES

Highlights –

• Chip shortage leads Hyundai & KIA to suspend few assembly lines.
• Hyundai Motor said that it will halt the No. 5 Ulsan plant that produces Tuscon and Nexo.
• KIA will suspend the No. 2 Sohari plant that makes Stonic.

VARIOUS CAR LAUNCHES POSTPONED IN INDIA DUE TO INCREASING COVID-19 CASES

HIGHLIGHTS

• India is an important market for automobiles.
• Due to surge in COVID-19 cases, the India launch of various cars has got postponed.

The second wave of COVID-19 pandemic in India has left many carmakers with no choice but pos...

S. KOREAN STOCKS END LOW OVER LIFTING OF BAN ON SHORT SELLING

Highlights –

• S. Korean stocks end low over lifting of ban on short selling.
• The benchmark Korea Composite Stock Price Index (KOSPI) fell 26.21 points, or 0.83 percent.
• Samsung Electronics stocks fell 0.24 percent to 81,500 won.
...

S. KOREAN STOCKS END UP OVER INVESTORS BUYING LOCAL STOCKS

Highlights –

• S. Korean stocks end up over investors buying local stocks.
• KOSPI stocks rose 8.58 points, or 0.27 percent.
• Samsung Electronics stocks added 0.49 percent to 828,000 won.
• Naver stocks fell 0.66 percent to 378,00...

HYUNDAI MOTOR’S NET PROFIT FOR Q1 ROSE TO $1.36 BILLION

Highlights –

• Hyundai Motor’s net profit for Q1 rose to $1.36 billion.
• The result is said to have exceeded the median forecast of 1.32 trillion won.
• Hyundai plans to focus on promoting the IONIQ 5 all-electric model.
• I...

S. KOREAN STOCKS END UP ON THURSDAY ON OVERSOLD STOCKS

Highlights –

• S. Korean stocks end up on Thursday on oversold stocks.
• KOSPI rose 5.86 points, or 0.18 percent.
• Samsung Electronics retreated 0.24 percent to 82,400 won.
• SK Hynix stocks climbed 0.38 percent to 133,000 won.

S. KOREAN STOCKS END UP ON MONDAY OVER KOSPI RISE

Highlights –

• S. Korean stocks end up on Monday over KOSPI rise.
• KOSPI rose 0.22 points, or 0.01 percent.
• Samsung Electronics stocks retreated 0.72 percent to 83,300 won.
• Samsung Biologics stocks fell 0.12 percent.

S. KOREAN STOCKS END UP; KOSPI ACHIEVE 3,200 POINT MARK

Highlights –

• S. Korean stocks end up; KOSPI achieve 3,200 point mark.
• KOSPI rose 4.29 points, or 0.13 percent.
• Samsung Electronics stocks lost 0.24 percent to 83,900 won.
• SK Hynix stocks ended at 137,500 won.

HYUNDAI, KIA ESTIMATES COMBINED Q1 NET PROFIT TO RISE

Highlights –

• Hyundai, KIA estimates combined Q1 net profit to rise.
• The two carmakers estimate solid earnings over robust sales of SUV and high-end models.
• Hyundai expects a net profit of US$1.18 billion in the first quarter.
<...

S. KOREAN STOCKS ROSE ON HOPES OF BETTER EARNINGS

Highlights –

• S. Korean stocks rose on hopes of better earnings.
• The KOSPI rose 33.49 points, or 1.07 percent.
• Samsung Electronics stocks rose 0.96% to 84,000 won.
• Naver stocks rose 0.78% to 388,500 won.

In...

S. KOREAN STOCKS FELL OVER INCREASED VALUE OF U.S CURRENCY

Highlights –

• S. Korean stocks fell over increased value of U.S currency.
• KOSPI fell 8.58 points, or at 0.28 percent.
• Samsung Electronics stocks lost 0.97 percent.
• Naver stocks gained 0.13 percent.

Due to i...

HYUNDAI TO ESTABLISH HIGH-SPEED CHARGING EV CHARGING STATIONS

Highlights –

• Hyundai to establish high-speed charging EV charging stations.
• The charging infrastructure will be under the name of “E-pit”.
• The charging stations will be able to charge 80% of their EV battery capacity in 18...

S. KOREA’S EXPORTS OF AUTOMOBILES INCREASE BY 35 PERCENT IN FEBRUARY

Highlights –

• S. Korea’s exports of automobiles increase by 35 percent in February.
• In February, outbound shipments of automobiles were 161,886 units.
• Hyundai saw overseas sales increase by 40.4 percent in terms of units.
...

S. KOREA’S GLOBAL SHIPBUILDING ORDERS RISE IN FEBRUARY

Highlights –

• S. Korea’s global shipbuilding orders rise in February.
• HHIC won new orders of 43 ships or 1.56 million compensated gross tons (CGTs).
• S. Korea bagged orders for 7 very large crude carriers, five A-Max oil tankers, ...

HHIH SIGNS HYDROGEN PROJECT DEAL WITH SAUDI ARAMCO

Highlights –

• HHIH sings hydrogen project deal with Saudi Aramco.
• Hyundai Oilbank Co. will import liquefied petroleum gas (LPG) from Saudi Aramco to produce blue hydrogen.
• Hyundai Oilbank will be provided with blue ammonia.
• ...

S. KOREA CONGLOMERATES TO INVEST $38.2 BILLION IN THE HYDROGEN INDUSTRY

Highlights –

• S. Korean conglomerates to invest $38.2 billion in the hydrogen industry.
• SK, Hyundai Motor, POSCO, Hanwha, and Hyosung are ready to invest in a wide range of hydrogen infrastructure.
• SK Group plans to invest 18.5 trillio...

S. KOREAN STOCKS END HIGHER DUE TO RELAXED INFLATION CONCERNS

Highlights –

• S. Korean stocks end higher due to relaxed inflation concerns.
• KRX reported that KOSPI rose 30.92 points.
• Samsung Electronics stocks added 1.33 percent.
• SK Hynix stocks gained 2.12 percent.

So...