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Hyunjoo Jin

Hyundai signs deal to sell 1,000 hydrogen-powered trucks in Switzerland

Sep 19 2018

SEOUL Hyundai Motor said on Wednesday it will sell 1,000 hydrogen-powered trucks in Switzerland over the next five years through a new tie-up, betting the vehicles could beat battery-powered models sold by the likes of Tesla Inc.

Hyundai Motor Group promotes heir apparent Chung as succession looms

Sep 14 2018

SEOUL Hyundai Motor Group promoted heir apparent Euisun Chung on Friday to a role of overseeing the conglomerate, moving him a step closer to succeeding his octogenarian father as head of South Korea's second largest group.

Hedge fund Elliott calls for fresh revamp at Hyundai Motor Group

Sep 07 2018

SEOUL/NEW YORK U.S. activist hedge fund Elliott Management made fresh proposals to restructure Hyundai Motor Group on Friday, renewing pressure on the South Korean conglomerate months after forcing it to abandon its own plan.

Exclusive: Hyundai to ship China-made cars to Southeast Asia amid erratic sales recovery

Aug 30 2018

SEOUL/BEIJING Hyundai Motor Co plans to ship China-made cars to Southeast Asia, its China joint venture and two people familiar with the matter told Reuters, as a plunge in Chinese sales has left much of its massive local manufacturing capacity idled.

Empty shipyard and suicides as 'Hyundai Town' grapples with grim future

Aug 13 2018

ULSAN, South Korea When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary. | Video

Exclusive: Cosmax CEO says he has rejected two takeover offers, wants to stay independent

Jul 31 2018

PANGYO, South Korea South Korea's Cosmax Inc, the world's biggest cosmetics manufacturer, rejected buyout offers from two large local conglomerates in the past year and has no interest in selling as it expects continued revenue growth propelled by Asian demand, its chairman and chief executive told Reuters.

Exclusive: Cosmax CEO says he has rejected two takeover offers, wants to stay independent

Jul 31 2018

PANGYO, South Korea South Korea's Cosmax Inc , the world's biggest cosmetics manufacturer, rejected buyout offers from two large local conglomerates in the past year and has no interest in selling as it expects continued revenue growth propelled by Asian demand, its chairman and chief executive told Reuters.

As Hyundai struggles, its labor union shows signs of softening

Jul 27 2018

SEOUL When workers at South Korea's Hyundai Motor went on strike last year, the stoppage lasted 24 days, triggered months of negotiations and netted them their smallest raise in nearly a decade.

Hyundai Motor second-quarter profit drops on U.S. slump, slow China recovery

Jul 26 2018

SEOUL Hyundai Motor Co on Thursday reported a 14 percent drop in quarterly net profit, missing estimates by a substantial margin, as the South Korean automaker continued to struggle with lackluster sales in the United States and China.

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