SEOUL, April 19 (Yonhap) — Hyundai Motor Group said Thursday it will help create some 3,000 jobs for young graduates and underprivileged people through 2022. The conglomerate will invest 34 billion won (US$32 million) in the five year period to financially support companies in the hiring of 1,600 young graduates in their 20s and 30s,… Continue reading Hyundai Motor to create 3,000 jobs in line with gov’t policy
Author: Yonhap Online News
Hyundai Mobis launches design center to enhance competitiveness of auto parts
SEOUL, April 12 (Yonhap) — Hyundai Mobis Co. said Thursday it has built a design research center to strengthen its overall competitiveness and help it make car parts that best fit its vehicles. The design center of the company, which is an affiliate of Hyundai Motor Group, is the first of its kind set up… Continue reading Hyundai Mobis launches design center to enhance competitiveness of auto parts
Hyundai has no reason to overreact to Elliott’s demands; regulator
SEOUL, April 5 (Yonhap) — The chief of South Korea’s financial regulator on Thursday said he views Elliott Advisors Ltd.’s demands for more efforts to improve corporate governance at Hyundai Motor Group differently from Elliott’s intervention in the merger of two Samsung Group affiliates three years ago. In a venture startup fund event held in… Continue reading Hyundai has no reason to overreact to Elliott’s demands; regulator
(2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(ATTN: ADDS details throughout) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by the group. The… Continue reading (2nd LD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
(ATTN: ADDS Hyundai’s response in 4th para) SEOUL, April 4 (Yonhap) — Elliott Advisors Ltd., a unit of U.S. activist hedge fund Elliott Management Corp., said Wednesday it has acquired more than US$1 billion worth of stocks in three major affiliates of Hyundai Motor Group, and asked for more efforts to improve corporate governance by… Continue reading (LEAD) Elliott holds over $1 bln stake in Hyundai Motor Group affiliates
Hyundai streamlines governance structure for M&As, build up core business
SEOUL, March 29 (Yonhap) — Hyundai Motor Group’s plan to streamline its governance structure among affiliates will pave the way for future mergers and acquisitions and help it focus on its mainstay car manufacturing business, local analysts here said Thursday. On Wednesday, the country’s biggest carmaker announced it will spin off the module manufacturing and… Continue reading Hyundai streamlines governance structure for M&As, build up core business
BMW, other carmakers to recall more than 47,900 vehicles: ministry
SEOUL, March 29 (Yonhap) — BMW, Mercedes-Benz and other carmakers will voluntarily recall more than 47,936 vehicles and motorcycles to fix faulty parts, the transport ministry said Thursday. BMW’s recall — set to begin on Friday — affects 25,732 units of the BMW 128i and 20 other models built between March 2, 2006, and Oct.… Continue reading BMW, other carmakers to recall more than 47,900 vehicles: ministry
(2nd LD) Hyundai Motor to streamline governance structure
(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (2nd LD) Hyundai Motor to streamline governance structure
(LEAD) Hyundai Motor to streamline governance structure
(ATTN: ADDS details throughout) SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure through business spinoffs and mergers between related businesses. The business group said it is planning to spin off the module manufacturing and after-sales parts business of auto parts maker… Continue reading (LEAD) Hyundai Motor to streamline governance structure
Hyundai Motor to streamline governance structure
SEOUL, March 28 (Yonhap) — Hyundai Motor Group, South Korea’s biggest automotive conglomerate, said Wednesday it will streamline its overall governance structure by spinning off and merging two major affiliates. The auto group plans to spin off auto parts maker Hyundai Mobis Co.’s core module business unit and then merge it with logistics firm Hyundai… Continue reading Hyundai Motor to streamline governance structure