Hyundai Motor Company and Kia Export 2 million units in 7 years… Impact of increased domestic production after Corona
Hyundai Motor Company and Kia Motors are expected to exceed 2 million automobile exports this year for the first time in seven years. It is analyzed that exports have also increased as domestic production has expanded rapidly since the novel coronavirus infection (Corona 19). According to the Korea Automobile Mobility Industry Association (KAMA) on the […]
Kia Motors Union Official Arrested for Accepting Millions in Bribes from T-Shirt Company
Kia Motors Union Official Arrested for Allegedly Accepting Millions in Bribes from Group’s T-Shirt Company Union Members Protest Overpriced and Poor Quality T-Shirts (Gwangmyeong = News 1) Reporter Lee Sang-hyul | 2023-11-02 22:21 Sent Gwangmyeong Police Station in Gyeonggi Province apprehended Mr. A, a Kia Motors trade union official, on November 1st for his alleged […]
Corruption Scandal Unearthed: Kickbacks and Manipulated Bids In Kia Motors Union’s Group T-Shirt Purchase
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Suspected Corruption in Kia Motors Union Confirmed as True, Millions of Dollars Pocketed by Union Executives A Controversial Purchase for Union Members The suspected corruption scandal involving the Kia Motors union, under the Korean Metal Workers Union of the Korean Confederation of Trade Unions, has been officially confirmed. Union executives collaborated with certain companies to […]
Hyundai Motor Group expands overseas capital restructuring to 7.8 trillion…invest in electric vehicle factories
Using a total of KRW 7.8 trillion in reserves from foreign subsidiaries such as Hyundai Motor, Kia Motors, and Mobis Analyzing that the impact of the Korean government’s corporate tax law review last year stands out Hyundai Motor Group plans to significantly increase dividends from overseas subsidiaries that hold a surplus due to favorable business […]
Hyundai Motor and Kia are developing cargo box door technology that can slide and open
Hyundai Motor Company and Kia announced on the 23rd that they have developed the first stepless sliding and swing door technology that can efficiently utilize the loading space of chassis-cab vehicles. This technology, independently developed by Hyundai Motors and Kia, is designed to open and close the door on the side of the chassis cap […]
Draft ‘European version of the IRA’ with no discrimination provisions… The risk is ‘present’
[뉴스토마토 김지영 기자] As the European Union (EU) publishes a draft of the ‘European version of the IRA (Inflation Reduction Act)’ which strengthens the stability of the supply chain in Europe, the domestic industry is also on guard. In the draft law, the government emphasizes that there are no discriminatory provisions against non-European countries. However, […]
‘Conditional permission’ for large corporations to enter the used car market
Janganpyeong used car market in Seongdong-gu, Seoul. [뉴시스] Controversy between the used car industry and finished car makers has revealed the outlines of car makers’ entry into the used car market. The conflict came to an end when the government, through a deliberation committee, designated the period of recommendation for business adjustment that limits the […]
Want to save energy by driving an electric car?Try Classical Music | Kia Motors | Power Consumption
[The Epoch Times, April 18, 2022](Reported by The Epoch Times reporter Chen Juncun) As we all know, listening to classical music is good for both body and mind. And a recent study also found that listening to classical music can help you save electricity when you drive an electric car. Want to try it out? […]
Stock market “Large companies enter the used car market and benefit from related stocks”
photo = Yonhap News [데일리한국 정우교 기자] Related stocks are booming as the government allows large companies to enter the used car market. Securities analysts are optimistic that the government’s decision will stimulate the market and that the stock prices of related companies will be positively affected. According to the Korea Exchange on the 19th, […]
Ministry of SMEs and Startups allows finished car industry to enter used car market… Designated as a suitable industry for livelihood
[이코노믹리뷰=세종 윤국열 기자]It made it possible for the finished car industry to enter the used car market. The Ministry of SMEs and Startups announced on the 18th that it has decided not to designate the used car sales business as a suitable business for a living by holding a deliberation committee on the sectors suitable […]
