SEOUL South Korea's Hyundai Motor Group flagged another year of tepid car sales growth on the back of a slow 2018, saying trade protectionism adds uncertainty and major markets such as the United States and China remained sluggish. | Video
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
(This December 17 story has been refiled to fix typographic error in paragraph 44)
SEOUL North Korea on Sunday condemned the U.S. administration for stepping up sanctions and pressure on the nuclear-armed country, warning of a return to "exchanges of fire" and that disarming Pyongyang could be blocked forever. | Video
SEOUL South Korean conglomerate Hyundai Motor Group shook up its executive ranks on Tuesday and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire.
SEOUL, Dec 12 Hyundai Motor Co
appointed President Albert Biermann as its first foreign head of
research and development as part of a sweeping reshuffle which
helped send the South Korean automaker's shares surging more
than 7 percent on Wednesday.
SEOUL Hyundai Motor Group's two vice chairmen in charge of research and development (R&D) have offered to resign, three people familiar with the matter told Reuters on Tuesday.
SEOUL Hyundai Motor's talks to build a low-cost carmaking factory with a local government suffered a setback on Wednesday as the South Korean automaker rejected proposed revisions to certain terms related to wage negotiations.
SEOUL South Korea's Hyundai Motor and a local government partner are aiming to sign a final deal this week on a low-cost carmaking joint venture despite stiff opposition from labour unions who fear the move would cause job losses and cut wages.