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The Korea Times

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Tue, February 7, 2023 | 00:39

Hyundai Motor Group exceeds 1 mil. in cumulative global EV sales

Hyundai Motor Group exceeds 1 mil. in cumulative global EV sales

Hyundai Motor Group's global electric vehicle (EV) sales have exceeded 1 million, 11 years since the launch of its first EVs, according to the company, Tuesday. The group's total EV sales stood at 1,022,284 vehicles last year. Hyundai Motor Company sold 601,448 vehicles, including its luxury brand Genesis, while Kia sold 420,836.

Kim Hyun-bin | 2023-01-24 15:07

Hyundai's accumulated sales of electric cars top 1 mil.

Hyundai's accumulated sales of electric cars top 1 mil.

Korea's top automaker Hyundai Motor Group said Tuesday its total global sales of electric vehicles had exceeded 1 million as of 2022, 11 years after the conglomerate entered the market.

2023-01-24 11:25

Hyundai Motor, Kia offsetting sluggish China sales in India

Hyundai Motor, Kia offsetting sluggish China sales in India

Hyundai Motors and Kia Corp. are banking on the Indian market, which has emerged as the world's third-largest automobile market after China and the United States. Many experts believe Hyundai Motor Group was in dire need of finding success in India to offset sluggish sales in China. Following last year's record-high sales in the South Asian nation, the company plans to contin...

Kim Hyun-bin | 2023-01-23 09:38

Stronger chip alliance needed to bolster Korea-US ties

Stronger chip alliance needed to bolster Korea-US ties

South Korea should deepen its security alliance with the United States by intensifying economic cooperation, as Washington seeks to expand investments in its manufacturing industry to strengthen economic supremacy over China, according to scholars and analysts from South Korea and the U.S. This year marks the 70th anniversary of the South Korea-U.S. alliance since. The two na...

Baek Byung-yeul | 2023-01-23 09:37

40% of conglomerates plan to reduce investment in 2023: survey

40% of conglomerates plan to reduce investment in 2023: survey

More than four out of 10 Korean conglomerates plan to cut back on their investment both at home and abroad this year amid a global economic slowdown and worsening market conditions, according to a survey by the state-run trade agency.

2023-01-22 16:25

LS C&S expands aluminum material biz for EV components

LS C&S expands aluminum material biz for EV components

LS C&S is expanding its new aluminum material business with its affiliate LS Alsco, it said Friday. Early this month, the company announced that its new high-strength aluminum material has been assigned an alloy number, AA8031, by the Aluminum Association (AA) of the U.S. The material has improved malleability and enhanced strength of over 40 percent compared to traditional a...

2023-01-21 08:30

Tesla's price cuts promise more pain for money-losing US EV startups

Tesla's price cuts promise more pain for money-losing US EV startups

A price war in electric vehicles started by market leader Tesla Inc has made it much more difficult for money-losing U.S. startups like Rivian Automotive Inc and Lucid Group Inc to grab share in an industry competing for shrinking consumer wallets.

2023-01-20 20:17

CJ CheilJedang, Korea University to nurture talent in food, bio industries

CJ CheilJedang, Korea University to nurture talent in food, bio industries

CJ CheilJedang said Friday it has signed a memorandum of understanding with Korea University to foster talent in the food and bio industries.

Kim Jae-heun | 2023-01-20 17:08

Gmarket users report suspicious account activity

Gmarket users report suspicious account activity

Gmarket, an e-commerce firm operated by E-mart, is in the hot seat over a possible massive cyberattack on its customers' personal accounts, according to industry officials, Friday. A number of users have posted on social media about recent attempts by unknown people purchasing products with their IDs. Some complained that gift cards they purchased online were used.

Kim Jae-heun | 2023-01-20 17:04

SK chief discusses economic collaboration with global leaders at Davos

SK chief discusses economic collaboration with global leaders at Davos

SK Group Chairman Chey Tae-won discussed economic coordination with leaders of foreign countries in Davos, Switzerland, where the World Economic Forum (WEF) was held, according to the group, Friday. The group added that Chey, who is also chairman of the Korea Chamber of Commerce and Industry (KCCI) and co-chair of the Bid Committee for World Expo 2030 Busan, is scheduled to h...

Baek Byung-yeul | 2023-01-20 16:10

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