HYUNDAI MOTOR’S IONIQ 5 PREORDERS EXCEED 23,000 UNITS

Highlights –

• Hyundai Motor’s IONIQ 5 preorders exceed 23,000 units.
• The company’s first model embedded with Hyundai Motor Group’s own EV-only E-GMP received 23,760 unit preorders.
• Hyundai revealed the IONIQ 5 midsize...

KOREAN INDUSTRIES TIGHT-LIPPED TO OUTCOME OF US PRESIDENTIAL ELECTIONS

• As the world elatedly watches the razor-sharp US presidential election unfold to a lot of uncertainty ahead, Democrat candidate Joe Biden appears to have the upper hand, as of Thursday here.
• South Korean industries have remained pensive for either scenario, with prospects gyrat...

HYUNDAI MOTORS SECURES FIFTH PLACE IN GLOBAL AUTOMAKERS LIST TAGGED BY SMART MOBILITY

• Hyundai Motor Co. said Tuesday its brand value held on to fifth position among global automakers on its efforts to evolve into a future mobility solutions provider.
• Hyundai Motor's brand identity rose 1 percent to US$14.3 billion in 2020 from $14.1 billion a year earlier, t...

SOUTH KOREAN SHARES’ SPRIGHTLY IN AN ENTHUSIATIC BID BY MAJOR FIRMS

• South Korean shares opened on an ebullient note this Tuesday, accelerated further proactively by major tech firms and chemicals makers.
• The benchmark index, Korea Composite Stock Price Index (KOSPI) rose 20.80 points, or 0.87 percent, to 2,355.11 in the first quarterly-hour tra...

SEOUL STOCKS START ON POSITIVE NOTE

Highlights

• KOSPI went up by 23.51 points to 1,918.88 in the first 15 minutes of Wednesday’s trading

• Market situation is stabilizing every passing day as majority of countries are gradually reopening their economies

• Majority of large-cap sto...

SOUTH KOREA PRODUCTION REBOOTS IN SHANDONG

Highlights:

• The local government in Shandong has helped around 32 South Korean auto parts makers in the province to restart work.
• To prevent the infection the locals from different towns have helped the company to arrange its workers&...

HYDROGEN-POWERED EQUIPMENT WILL BE DEVELOPED BY HYUNDAI

Highlights:

• Hyundai Motor Co. joined hands with HCE to develop construction vehicles powered by hydrogen.
• A memorandum of understanding is signed by the two Hyundai companies and Hyundai Mobis Co. for the construction.
• The prototypes will b...

The automotive industry in South Korea has fallen drastically since 2019. Here’s why.

The automotive industry in South Korea is now the fifth-largest passenger car manufacturer in the world. The automotive industry accounts for 13% of output, produces 12% value-added and is a very important industry sector that accounts for approximately 12% of South Korea's total employment.<...

Korean carmaker ready to bring autonomous driving tech to reality

The Korean auto industry has been making a mark in the global auto industry as a reputable name despite being a very small industry in terms of number compared to the European industry. But do not let the size fool you it packs a serious punch with Hyundai and Kia dominating some of the key marke...