LS Group Chairman Christopher Koo has called for strengthening the group’s competitiveness in technological innovation, stressing that it is key to overcoming trade disputes between South Korea and Japan.  Speaking at T-Fair, an in-house event held to encourage innovative engineers, Koo said the group needs to develop high value-added products and services to widen the gap with followers. He added that research and development projects should support such a move and generate growth en

Heir to world’s fifth-largest carmaker sees Africa, ASEAN as next big markets

South Korean auto giant Hyundai Motor Group has teamed up with Aptiv, formerly known as Delphi, for a $4 billion joint venture to develop autonomous technology, the companies said Monday. The joint venture between the world’s fifth-largest carmaker and the world’s leading software developer of autonomous vehicles is a “rare case,” Hyundai said, adding that the two will have 50 percent of shares each. Under the deal, the Seoul-based carmaker expects to make a bold move in

World’s first mass-produced commercial drone that can fly over two hours to launch in Oct., CES debut likely next year

Hyundai Motor Group has launched Cradle Beijing seeking strategic partnerships with local firms for future mobility.The automaker’s global innovation center in Beijing is the fifth of its kind, following the centers in Silicon Valley, Seoul, Tel Aviv and Berlin.  Cradle is Hyunda’s open innovation business for partnership with leading firms in future mobility technology and investments in global startups. The carmaker said it expects the unit to be the hub of innovative sol

CHANGWON, South Gyeongsang Province -- An engine is often dubbed the “heart of a car” as it converts gasoline energy for motion. When it comes to sport utility vehicles, the performance of an engine is even more important because it decides their power. SsangYong Motor, with 30-year-history, has been churning out gasoline engines at its Changwon plant in South Gyeongsang Province.The plant, comprised of two units, spans over 111,500 square meters. The first factory is respo

Hyundai Motor America said Friday that it would donate $16 million this year to fund 76 research projects on children’s cancers.Of that amount, $13.2 million will be donated this month to support a pediatric cancer awareness campaign in the US, said Jose Munoz, CEO of Hyundai Motor’s North America regional office.  As part of its community outreach efforts, Hyundai and its dealerships have participated in the Hyundai Hope on Wheels fundraising project since 1998 to fight pediatr

Introducing SK Group as a committed business in US, the group’s chief Chairman Chey Tae-won said the South Korean conglomerate would invest $10 billion in next three years in new growth engines.Chey accompanied by CEOs of SK’s subsidiaries, hosted an evening event in Washington on Thursday to present the future vision of the group and its investment plan in US, officials said.  Held in its office there, SK Night attendees included Karen Kelly, deputy secretary of Department of C

Unionized workers at GM Korea Co. will stage partial strikes as wage negotiations stalled, the union said Thursday.GM Korea's union will strike for eight hours on Friday and then for six hours per day from Sept. 24-27 and will decide afterwards whether to continue strikes, the union said in a statement."We had a meeting with company officials, including President and CEO Kaher Kazem, but the company only said they will make efforts to accept our demands without giving any concrete time fram

Hyundai Motor Group said Wednesday that it plans to install newly developed center-side air bags in its vehicles, without specifying the time frame or any model names.The group has two auto subsidiaries -- Hyundai Motor and Kia Motors.The center-side air bags, developed by in-house engineers, are intended to reduce injuries to drivers and front-seat passengers. This air bag prevents drivers and passengers from colliding during a crash and also protects a lone driver from the impact of glass frag

Fiat Chrysler Automobiles Korea, a local importer and distributor of the Italian-American auto brands, held a two-day event in Pyeongchang, Gangwon Province, offering a unique off-road experience with its signature Jeep.Held Sept. 7-8 at the famous ski resort Phoenix Pyeongchang, the 65-year-old festivities embodied the US brand’s adventurous spirit, the company said. This was the 14th consecutive year in which Fiat Chrysler held a Jeep Camp in South Korea, and it invited 300 teams with 1,

SK Innovation Co. of South Korea has been picked to supply a battery pack for Ferrari's first plug-in hybrid electric vehicle, industry sources said Sunday.After two years of tests of various products, the Italian luxury sports carmaker has chosen SK Innovation as the supplier of the lithium-ion battery pack for its SF90 Stradale model, according to the sources. Germany's Daimler AG and Volkswagen and South Korea's Hyundai Motor Group have already used the firm

10 hydrogen taxis start operation in Seoul

Hyundai Motor’s sport utility vehicle Palisade has earned the Top Safety Pick+ award from the Insurance Institute for Highway Safety in the US. The vehicle received the highest grade, “good,” from the IIHS in terms of crash protection in six categories, including the driver-side and passenger-side small overlap, roof hardness and seat safety. Its front collision avoidance system was rated as “advanced.” The Palisade is Hyundai Motor’s 13th vehicle to earn

Hyundai Motor and its affiliate Kia Motors said Monday that they will invest in Ionity, a joint venture by the world’s leading automobile giants to build a pan-European high-power charging network for electric vehicles.Hyundai Motor Group, parent firm of the nation’s top two automakers, has acquired a 20 percent stake in the joint venture in an effort to demonstrate its commitment to clean mobility, the firms said. Details such as the value of the deal were not provided.  Ionity