South Korea's exports of automobiles fell last month compared to a year earlier due to sluggish sales of compact and midsize vehicles, government data showed Tuesday.The number of vehicles sold abroad stood at 237,083 units in November, down 8 percent compared with a year ago, according to the data compiled by the Ministry of Trade, Industry and Energy. (Yonhap)However, the total value of vehicles shipped overseas rose 3.4 percent on-year to $4.07 billion, as large sedans and sports utility vehi

Hyundai Motor’s unionized workers will stage three or four strikes over five consecutive days starting Monday, as it failed to meet halfway with management over raises and job security.Starting with a three-hour partial walkout, workers at car manufacturing plants and auto parts factories are scheduled to stage four-hour partial strikes on Tuesday and Wednesday, respectively, the union said. The entire labor union will continue four-hour partial strikes Thursday and Friday. Hyundai Motor's union

A crew of Hyundai Motor employees dressed in Santa Claus outfits launched a monthlong mission to deliver presents to underprivileged households, the company said Monday. The company hosted the 11th annual Christmas event jointly with ChildFund Korea at its domestic sales division headquarters in central Seoul. During the event, Hyundai delivered 100 million won ($92,000) in donations to ChildFund Korea, the company said.“The popular Kona SUV will act as Rudolphs for this year’s Christmas event.

Amid a tighter global market and steeper competition between South Korean and Japanese automakers, Japan’s quantitative easing as part of Japanese Prime Minister Shinzo Abe‘s “Abenomics,” will be key to Korean players’ competitiveness next year, industry experts have said.“Korean carmakers compete with Japanese companies, which means the exchange rate will continue to play an important factor in price competitiveness,” Lee Bo-sung, director of Hyundai’s Global Business Intelligence Center said d

Hyundai Motor and Kia Motors separately held biannual meetings on Friday with some 50 overseas representatives, where they discussed ways to recover this year’s lackluster performance with overseas sales boost next year by focusing on regional management.The discussions took place at the company’s headquarters in southern Seoul.Hyundai Motor Vice Chairman Chung Eui-sun led the meeting for Hyundai for the second time, followed by the one in July this year. Lee Hyoung-keun, vice chairman of Kia Mo

Kumho Tire officials visited a social welfare center in western Seoul to share the holiday spirit with minority groups, the company said Friday.As part of its Christmas campaign managed with Childfund Korea, the company delivered gifts including unicycles and family trips to Jeju to 12 children from underprivileged households. Kumho Tire employees deliver Christmas presents to children at the Salvation Army Seoul Broadview Children‘s Home in western Seoul on Friday. (Kumho Tire)“The event was pr

Hyundai Motor Group on Friday held a meeting with representatives from its overseas sales operations in Seoul to discuss ways to boost sales, the company said Friday. On Friday, some 50 representatives of Hyundai Motor Group's overseas sales offices gathered at its headquarters in southern Seoul to share views on outstanding issues in the automobile market and discuss sales strategies for each market for the new year, the group said in a statement. In separate meetings with the salespeople, Hyun

Hyundai Mobis, the auto parts unit of Hyundai Motor, said Thursday it will display a slew of its latest future car-related technologies at the upcoming international electronics show in January.At the annual Consumer Electronics Show scheduled for Jan. 9-12 in Las Vegas, global automotive companies and auto parts makers will compete to show off driverless driving and eco-friendly vehicle technologies. “The theme of Hyundai Mobis’ exhibition at the upcoming CES is to offer a new and surprising ex

BMW Korea, the local unit of the German luxury carmaker, has named CEO Kim Hyo-joon as chairman, effective as of Jan. 1 next year, the company said Wednesday.Han Sang-yun, head of BMW Malaysia, will replace Kim as CEO starting March 1, 2018.“Kim will continuously assume responsibility for representing the Korean subsidiary of BMW Group as the CEO and Han Sang-yun will take charge of overall business operations. BMW Group Korea is now set to embark on its management succession process,” Hendrik v

Hyundai Motor is expanding its car-sharing venture to tap into the promising industry, by announcing a collaboration with a local ride sharing startup Luxi on Tuesday.Hyundai Motor has invested some 5 billion won ($4.6 million) in Luxi this August and plans to work together on developing carpooling algorithm and platform in search for new business opportunities. The project is undertaken by the firm’s future research and development project called Project Ioniq.Two years into business, Luxi has

Heads of Hyundai Motor and Kia Motors’ overseas corporate bodies are scheduled to meet in Seoul this week to discuss sales strategies for next year, the company said Tuesday. Some 50 representatives will attend the meeting scheduled to take place Friday at the company’s headquarters in southern Seoul.Hyundai and Kia will hold separate meetings, with Hyundai Motor Vice Chairman Chung Eui-sun expected to lead the meeting for Hyundai. The upcoming meeting, which comes after the one held in July, ma

Workers at Hyundai Motor Co. will stage a partial strike at the carmaker's main domestic plants this week in a push for higher wages and bonuses, the union said Tuesday. Hyundai's 51,000-member union will go on strike for four to six hours Tuesday through Friday at five plants in Ulsan, 414 kilometers south of Seoul, as the union seeks to pressure the company to accept their demands in this year's wage negotiations, spokesman Hong Jae-gwan said over the phone. Separately from the four-hour strik

Head of Infiniti Lab says technology solution for future mobility is key for success, not just hardware

Hyundai Motor, South Korea’s leading automotive company, on Sunday rejected Fiat Chrysler Automobiles CEO Sergio Marchionne’s comments that the two are discussing about a technical partnership.“Hyundai is not is in talks with FCA over a partnership on hydrogen propulsion,” the spokesperson of Hyundai Motor told The Korea Herald.　Marchionne said at the Alfa Romeo Museum in Arese, Italy on Saturday, local time, “There is the potential of a technical partnership with Hyundai, which already supplies

Hyundai Rotem, a tank and train-making affiliate of Hyundai Motor Group, signed a business agreement worth some 900 billion won ($831.1 million) with Iran for passenger rail cars production, the company said Sunday. Iran’s state-run rail Iranian Rail Industries Development and Hyundai Rotem will manufacture 450 diesel-powered rail cars for commuters in the next 78 months. (Hyundai Rotem)The diesel cars will run about 960 kilometers, connecting the capital Tehran and its suburbs, the company said