Hyundai
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Hyundai

Hyundai
Hyundai
Founded in 1947, Hyundai was a South Korean conglomerate with activities spanning retailing, shipbuilding, car and truck making and property. It was broken up after the 1997 Asian financial crisis, and effectively reduced to container shipping services, elevator manufacture and tourism. And Hyundai Motor Group, Hyundai Department Store Group, Hyundai Heavy Industries Group and Hyundai Development are no longer connected to Hyundai Group.
last updated:
16 August, 2024
Chinese automaker BYD’s EV plant in Rayong, Thailand. Photo: Reuters
Malaysia

Malaysia eyes Southeast Asia’s EV hub with Hyundai’s US$500 million investment

Trade-dependent Malaysia is seeking new partners and markets as tariffs from the US-China trade wars bite.

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South Korea

South Korea authorities launch probe after 3 workers die in Hyundai car test

US-China relations

Mexico warns US ban on Chinese car tech could hurt its automotive industry

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Electric & new energy vehicles

Explainer | Which are the top EV brands and bestselling models in Hong Kong?

Carmakers from across the world are vying for a slice of the city’s fast-growing EV market. The Post takes a look at the top five carmakers and models.

Crowds throng Ocean Terminal in Tsim Sha Tsui to take a look at the Xpeng electric cars during their launch in May. Photo: Jonathan Wong
South Korea

South Korea’s family-run business empires

Millionaires and billionaires

South Korea’s 5 richest billionaires in 2024 – net worths, ranked

South Korea’s entertainment sector may rule the world, but it’s the tech and financial stakeholders that top the list of the country’s wealthiest individuals

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India

Macroscope | South Korean companies increasingly see India as viable alternative to China

Sustained US-China tensions and other internal and external challenges have pushed South Korea to speed up diversifying its trade and investment. Despite significant hurdles to doing business, India has emerged as an attractive destination for Korean firms such as Samsung, LG and Hyundai.

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South Korea’s then president Moon Jae-in and Indian Prime Minister Narendra Modi greet onlookers during their subway ride to the Samsung Electronics factory in Uttar Pradesh, northern India, on July 9, 2018. South Korean firms are increasingly looking to India as a target for investment and expansion. Photo: EPA-EFE
Russia

South Korean car manufacturer Hyundai to exit Russia

Electric & new energy vehicles

Hyundai to slash combustion engine line-up, invest in EVs

Hyundai Motor Group, which houses Hyundai Motor and Kia and Genesis, aims to sell about one million EVs per year by 2025 to achieve a 10 per cent share of the global EV market.

K-pop, Mandopop, other Asian pop

BTS’ Jin is worth US$20 million – and this is how he spends it

The band’s oldest member has a VVIP Hyundai Black credit card – and he’s not afraid to flash it and splash it on lavish band dinners, Givenchy fashion and fabulous flats for himself and his parents

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South Korean K-pop boy band BTS member Jin is a millionaire – but how does he spend his money? Photo: handout
Coronavirus pandemic

Coronavirus crisis: cracks are showing in global supply chains

After decades of offshoring manufacturing to China, the disruption to supply chains caused by the Covid-19 outbreak may prompt some sectors to consider diversifying production. The car and smartphone industries have proved quite vulnerable.

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Rows of Hyundai cars are parked for shipping in the southeastern port of Ulsan in South Korea. Hyundai has suspended work at a factory in Ulsan, hamstrung by a lack of parts as the coronavirus outbreak cripples China’s industrial output. Photo: AFP
What's hot in Korea

K-drama loves chaebols – but who are Korea’s real-life business heirs?

The top 31 chaebols, including LG and Hyundai, made 66 per cent of all South Korea’s exports in 2018 – but TV dramas aside, who are the country’s wealthiest, and most eligible, heirs?

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Macroscope

Macroscope | Coronavirus will hit hard, but expect Asia’s economies to bounce back

The sharp impact of the epidemic on China’s economy will depress growth in the rest of emerging Asia via trade links and tourism flows. But quick action by central banks and policymakers will ensure the impact is temporary.

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Autonomous vehicles

Hyundai, Pony.ai team up to launch robotaxi service in California

BotRide will start operations on November 4 with an initial fleet of 10 autonomous sport utility vehicles, providing free rides in the city of Irvine through January.

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Chinese autonomous driving start-up Pony.ai and South Korean carmaker Hyundai Motor Group have teamed up to launch robotaxi service BotRide in Irvine, California. Photo: Handout
Electric & new energy vehicles

Here are the six biggest rivals to Tesla in China

Do BYD, BAIC, SAIC and Nio sound like alphabet soup? Not in China, where these companies have dominated the world’s largest electric car market

BAIC has a lot of EVs on the streets, and most of them are very affordable. (Picture: BAIC)
South Korea

Billionaire succession fuels anger as ‘Hyundai Town’ faces China threat

The decline of Ulsan, once South Korea’s richest city, tells the story not only of the seismic forces shaking the global shipbuilding industry, but also a schism that is dividing the country over its vast, family-run conglomerates.

China economy

South Korean firms’ China exodus sets example to others fleeing trade war

South Korean firms Samsung, Lotte, Kia and Hyundai are winding down their China business due to political risks, tariffs and a loss of market share.

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China property

Void left by Chinese in offshore property draws in Koreans

Strict capital controls and Beijing’s belt and road push have led to a dramatic fall in Chinese investment in overseas real estate

South Korea’s National Pension Service, the third largest pension fund in the world, has investments in real estate in US cities such as New York, Los Angeles (pictured) and Houston. Photo: AFP
Art Basel

5 of the most beautiful and exclusive drinks bottles for Art Week

Whether Karuizawa’s Geisha Series or 1800 Tequila’s Essential Artists collection featuring the work of Jean-Michel Basquiat, this liquor is worth grabbing for the exclusive artistic packaging

Automotive industry

US states investigate Hyundai, Kia over vehicle fires

The South Korean carmakers have recalled more than 2.3 million vehicles since 2015 to address various engine fire risks.

South Korea

South Korea, Hyundai bet big on hydrogen technology

But analysts are not convinced it is the right move for the carmaker, which is fifth-largest in the world by sales but struggling to regain market share in the US and China.

Hyundai’s headquarters in Seoul. Photo: AFP
BMW

Trade war: BMW and Hyundai beg Trump not to put tariffs on auto imports

Hyundai said the duties would be “devastating” while BMW wrote to US Commerce Secretary Wilbur Ross.

Hyundai said the duties would be “devastating” while BMW wrote to US Commerce Secretary Wilbur Ross
Technology

Analysis | Who’s winning the self-driving car race?

Automotive industry

Five innovative new cars for Hongkongers

Automotive industry

Five affordable compact cars

The new Mini Cooper rewards with a compact look, a more pedestrian-friendly bonnet and short overhangs. Photo: Handout
Motoring

Good, reliable cars that are worth their money for small businesses

Hyundai Elantra. Photo: Handout
Automotive industry

US auto sales tumble for the sixth straight month

Hyundai, Kia sales in China halve amid THAAD spat

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