Seoul, July 22 (IANS) South Korean President Lee Jae Myung will embark on a five-nation trip this week that will also take him to three South American nations for talks with their leaders, the presidential office said Wednesday. The President will depart Friday first for San Francisco where he will make a two-day visit for a meeting with the heads of global tech giants, including OpenAI Chief Executive Officer Sam Altman and Nvidia chief Jensen Huang, according to presidential chief of staff for…
Latest Hyundai Motor Group News & Updates
Seoul, June 14 (IANS) Hyundai Motor Group accounted for 11.8 per cent of the US automobile market in the January-April period this year, data showed on Sunday, on the back of strong sales of hybrids and other eco-friendly models.According to data compiled by industry tracker Omdia, the combined market share of Hyundai Motor Co. and Kia Corp. rose 1 percentage point from a year earlier during the first four months of 2026, ranking fourth behind General Motors Co., Toyota Motor Corp. and Ford Moto…
Seoul, June 2 (IANS) Jensen Huang, chief executive officer of US chip giant Nvidia, met with SK Group Chairman Chey Tae-won in Taipei to discuss the future of cooperation in artificial intelligence (AI) memory.The meeting took place in Taipei, according to a post on SK Group’s Facebook account. Both executives were in the Taiwanese capital to attend Computex, one of Asia’s largest technology trade shows.”With SK hynix reaching a market capitalisation of US$1 trillion, the executives of both comp…
New Delhi, April 20 (IANS) Lee Jae-yong, Executive Chairman of Samsung Electronics, on Monday took a selfie with Prime Minister Narendra Modi and South Korean President Lee Jae Myung, during a state luncheon at the company’s Noida facility.The gesture highlighted Samsung’s local manufacturing capabilities in India and came after the bilateral summit between the two leaders.Lee and Modi also interacted with business leaders from both countries, according to a statement from the South Korean p…
New Delhi, April 17 (IANS) Hyundai Motor Group on Friday marked 30 years of operations in India and announced expansion of its community initiatives such as healthcare, education, cultural and environmental programs across the country.The Group said it will scale activities delivered by its seven affiliated companies and the Happy Move program to broaden private‑sector exchanges between India and South Korea, the company said in a release.It announced that Hyundai Mobis is implementing pond an…
Seoul, March 23 (IANS) Samsung Electronics said on Monday it has begun supporting compatibility between the Android file-sharing platform Quick Share and Apple’s AirDrop, allowing Galaxy S26 smartphone users to exchange photos across different devices.The South Korean tech giant said the update, available to Galaxy S26 series users starting Monday, will enable users to exchange files with iPhones powered by iOS, reports Yonhap news agency.While Quick Share and AirDrop are both based on Bluetoo…
Seoul, Feb 23 (IANS) The respective rates of new passenger car purchases by South Koreans in their 20s and 30s fell to their lowest levels in a decade last year, industry data showed on Monday.According to the data from auto industry data tracker Carisyou, new car registrations among people in their 20s totalled 61,962 in 2025, accounting for 5.6 percent of all new cars registered last year, reports Yonhap news agency.The share of new car registrations by those in their 20s stood at 8.8 percent …
Seoul, Feb 11 (IANS) South Korea will begin a 1 trillion-won ($687.8 million) project next month to develop artificial intelligence (AI) semiconductors for on-device use, the industry ministry said on Wednesday.The government and private companies will funnel a combined 1 trillion won into the project over the next five years, with a goal of creating some 10 AI chips that can be used in self-driving cars, smart home appliance products, humanoid robots and others, according to the Ministry of Tra…
Seoul, Feb 2 (IANS) Samsung SDI said on Monday it remained in the red in the fourth quarter of 2025 due mainly to sluggish demand for electric vehicles in the United States, although the performance of its energy storage system (ESS) business limited the losses.Net profit came to 207.8 billion won ($142.4 million) for the October-December period, compared with a loss of 242.7 billion won posted in the same period of 2024, the company said in a regulatory filing, reports Yonhap news agency.The co…
Seoul, Jan 28 (IANS) Hyundai Mobis, South Korea’s leading auto parts maker, said on Wednesday its fourth-quarter net profit dropped 39.9 percent from a year earlier due to losses from equity investment in group affiliates, as well as the effects of Washington’s sectoral tariffs.Net profit for the three months ended in December totalled 768.1 billion won (US$536.4 million), compared with 1.28 trillion won from the same period in 2024, the company said in a regulatory filing.Operating profit for t…