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Group allocates US$5bil for acquisitions over 3 years
SEOUL (Reuters) -Hyundai Motor Group is in talks with South Korean chip companies to help it reduce reliance on foreign supplies amid a global shortage that has halted assembly lines at automakers around the world, four people familiar with the matter told Reuters.
SEOUL: The European Union’s (EU) antitrust regulator has not yet resumed its review of the proposed merger between South Korea’s two leading shipbuilders, putting its decision on hold for nearly a year.
Hyundai has been told off by the UK's Advertising Standards Authority for overstating how clean its hydrogen cell vehicles are, and will need to change its marketing.
(Reuters) - Seven-times world champion Sebastien Ogier was heading for victory in Rally Italy Sardinia after rivals Ott Tanak and Dani Sordo crashed out on Saturday.
Korea's business leaders call on Moon to free jailed Samsung boss Lee
SEOUL (Reuters) -Leaders of South Korea's largest conglomerates urged President Moon Jae-in on Wednesday to pardon Jay Y. Lee, the jailed vice chairman of Samsung Electronics Co Ltd, to maintain the country's edge in the chip industry.
SEOUL: South Korean steelmakers have raised prices of automotive steel for the first time in four years, people familiar with the matter said yesterday, a move that could boost their bottom lines.