S. Korean automaker left with 2-year buyback option

Korean automaker’s latest high-performance electric vehicle can reach 100 km/h in 3.4 seconds

Japanese carmaker makes grand upgrades to the 4th generation model

Korean automaker’s US nonprofit organization has donated $225 million to fight pediatric cancer since 1998

Hyundai Motor Group is promoting South Korea's bid to host the 2030 World Expo in Busan with the automaker's electric vehicles -- the Ioniq 5 and Ioniq 6 -- bearing the slogan "Busan is ready" near Duffy Square, north of New York's Times Square. The Group has been driving the specially painted vehicles around the city during the UN General Assembly, which is taking place in the city this week. (Hyundai Motor Group)

KG Mobility on Thursday vowed to sell 200,000 cars in global markets by 2026, expanding its global networks from the Asia-Pacific region to Europe. The South Korean carmaker’s planned sales target consists of 200,000 exports -- 100,000 cars and 100,000 units of complete knock-downs -- unassembled car parts -- and 120,000 units of domestic sales in the citied period. “Based on the cumulative $1 billion exports, we are expected to be awarded as one of the Korean companies to have con

Hyundai chief bolsters ties with US state, following footsteps of his father’s legacy

Amid industry-wide talent shortage, competition heats up not just among battery rivals but also with chipmakers

Swedish automaker’s new EV boasts longer driving range, higher efficiency

Hyundai Motor Group’s latest electric vehicles – the Ioniq 5, Ioniq 6 and Genesis G80 EV – reading “Busan is Ready” are displayed in downtown New York City on Sunday. With graphics designed by graffiti artist Jay Flow, the cars are scheduled to drive around the city’s landmarks during this week’s UN General Assembly to promote Busan’s bid to host the 2030 World Expo. (Hyundai Motor Group)

Passenger travel on air routes connecting to China in August recovered to around half of the 2016 level before Beijing restricted travel to South Korea in 2017 over a row over Seoul's hosting of a US missile defense system, data showed Sunday. The number of travelers on such routes came to 931,272 in August, which accounts for around 45 percent of the 2.06 million posted in the same month of 2016, according to the Ministry of Land, Infrastructure and Transport. In 2017, China banned group t

Posco Holdings said on Friday it has reduced its dependence on China by strengthening the integration of its electric vehicle battery value chain that covers mining and refining minerals, manufacturing materials and recycling batteries. “It’s almost impossible to be a top-tier firm in the battery materials business without the vertical integration of manufacturing,” said Nam Sang-cheol, head of the research and development division at Posco Holdings, during the Korea Advanced B

South Korean battery materials manufacturer EcoPro said Friday it will boost its closed-loop electric vehicle battery recycling business amid rising concerns over battery waste disposal. Closed-loop recycling refers to the process that can convert a used product back into raw materials to create a new version of the same product. EcoPro operates a battery recycling value chain called Eco-battery Pohang Campus in North Gyeongsang Province where its six subsidiaries -- EcoPro CnG, EcoPro Innovatio

LG Energy Solution, Samsung SDI and SK On’s massive investments in North America, Europe to pay off ‘soon’

4.8% increase deal to be voted on next week; extending retirement age remaining sticking point