Seoul, Feb 25 (IANS) Seoul shares jumped nearly 2 per cent on Wednesday to surpass the 6,000-point mark for the first time, lifted by extended gains in technology and automobile stocks. The Korean won sharply rose against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) advanced 114.22 points, or 1.91 per cent, to finish at a record high of 6,083.86 after hitting an intraday high of 6,144.71. The KOSPI has rallied for the fifth consecutive day, reports Yonhap news agency.Tra…
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Seoul, Jan 23 (IANS) The labour union of Hyundai Motor, South Korea’s leading automaker, said on Friday it will strongly oppose any deployment without prior consultation of physical artificial intelligence (AI) robots in automobile production.”Not a single humanoid robot will be allowed on the production lines without a labor-management agreement,” the automaker’s 40,000-member union said on its website, reports Yonhap news agency.The union said the company’s new humanoid robot Atlas, unveiled a…
Seoul, Jan 20 (IANS) The market capitalisation of Hyundai Motor on Tuesday touched above the 100 trillion-won ($67.7 billion) level for the first time on Tuesday, backed by growing investor optimism over its robotics and autonomous driving initiatives, industry watchers said.The share price of Hyundai Motor rose as high as 496,500 won in early trading, briefly lifting the company’s market capitalization to more than 101.66 trillion won, reports Yonhap news agency.The gains, however, were reverse…
Seoul, Jan 14 (IANS) The head of South Korea’s automotive giant Hyundai Motor Group has visited three key overseas markets — China, the United States and India — at the start of the new year as part of the group’s global expansion strategy, the company said on Wednesday.Executive Chair Euisun Chung’s visits were aimed at exploring business opportunities in major economies that are expected to underpin the group’s future growth, while also seeking partnerships with leading global companies, the…
Seoul, Jan 7 (IANS) Seoul shares extended their rally to a fourth day to set a fresh record high on a tech and auto rally on Wednesday after briefly landing above the 4,600-point level. The Korean won fell against the US dollar.The benchmark Korea Composite Stock Price Index (KOSPI) rose 25.58 points, or 0.57 percent, to close at an all-time high of 4,551.06, reports Yonhap news agency.The index briefly topped the 4,600-point mark, touch an intraday high of 4,611.72.On Tuesday, the KOSPI broke t…
Seoul, Dec 22 (IANS) Hyundai Motor Group said on Monday it will unveil its artificial intelligence (AI) robotics strategy at Consumer Electronics Show (CES) 2026 and debut its next-generation humanoid robot, Atlas, developed by its US subsidiary Boston Dynamics.The group will hold a keynote presentation on Jan. 5 (local time) at the Mandalay Bay Convention Center in Las Vegas under the theme “Partnering Human Progress: AI Robotics, from the Lab to Life,” reports Yonhap news agency.The session …