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Nov 25, 2024 | 
pulse.mk.co.kr | Moon Gwang-min |Yoon Yeon-hae
The Korean National Police Agency announced on Monday that its National Office of Investigation (NOI) uncovered 25 cases of technology leaks to foreign countries and apprehended related offenders between January and October 2024. This is the highest number of arrests since the NOI’s inception in 2021. China was the primary destination for leaked Korean technologies, accounting for 72 percent, or 18 cases, of the total overseas technology leak cases during the period, according to the NOI.
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Sep 26, 2024 | 
pulse.mk.co.kr | Moon Gwang-min |Han Yubin
Hyundai Motor Group and South Korea’s firefighting agency will collaborate to develop an unmanned robot designed to operate underground parking lots and deal with tasks often fraught with danger. The Korean automaker announced on Thursday a partnership with National Fire Agency (NFA) to launch fire safety measures for electric vehicles.
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Sep 24, 2024 | 
pulse.mk.co.kr | Moon Gwang-min |Chang Iou-chung
Kia Corp. is set to enter the Japanese electric vehicle (EV) market with custom-built, purpose-built vehicles (PBVs) for commercial use. The automaker said on Tuesday that it signed a sales contract with Japanese trading company Sojitz Corp. to begin selling PBVs in Japan starting in 2026. Sojitz, one of Japan‘s seven major trading companies, operates globally in fields such as automobile sales, energy, and chemicals while also managing Kia dealership operations in Panama.
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Sep 12, 2024 | 
pulse.mk.co.kr | Moon Gwang-min |Minu Kim
Kia Corp. is extending its performance-based pay system, previously applied only to mid-level managers and above, to include junior-level office employees. The move allows younger staff, previously tied to a seniority-based system with limited performance incentives, to now receive higher compensation based on their work evaluations. As competition for talent in the rapidly evolving electric vehicle market intensifies, experts see this as Kia’s strategy to attract skilled workers.
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Sep 12, 2024 | 
pulse.mk.co.kr | Moon Gwang-min |Park So-ra |Park Je-wan |Han Yubin
South Korea’s Hyundai Motor Group and U.S. General Motors Co. (GM) have partnered to develop electric and hydrogen vehicle technology. The partnership between Hyundai Motor Group, the world’s third-largest auto manufacturer, and GM, the world’s sixth-largest automaker, follows a similar move by Toyota Motor Corp. and BMW Group for fuel cell vehicle development. Hyundai Motor Group announced on Thursday that it signed a memorandum of understanding (MoU) with GM for broad cooperation.
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Sep 5, 2024 | 
pulse.mk.co.kr | Park So-ra |Moon Gwang-min |Park Je-wan |Chang Iou-chung
South Korean auto giant Hyundai Motor Co. plans to introduce a new line of budget-friendly electric vehicles (EVs) tailored specifically for Europe and China in 2026. According to industry sources on Thursday, Hyundai Motor has completed the development of a compact EV for China and a subcompact EV for Western Europe, both set for release in 2026. The company is currently considering several brand names for these new models.
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Sep 4, 2024 | 
pulse.mk.co.kr | Moon Gwang-min |Minu Kim
GM Korea has reached a wage and collective bargaining agreement after over three months of negotiations, the Korean operation of General Motors announced on Wednesday. Following last month’s strike, which disrupted production and slashed monthly sales to less than half of the previous year’s figures, the company now breathes a sigh of relief with the settlement. According to GM Korea, the second tentative agreement was approved after a two-day vote, which started on Tuesday.
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Sep 1, 2024 | 
pulse.mk.co.kr | Kang Gye-man |Moon Gwang-min |Chang Iou-chung
Samsung Group and Hyundai Motor Group are advancing payments to their suppliers ahead of the Chuseok holiday, demonstrating their commitment to mutually beneficial business practices. The group announced on Sunday that 12 of its members will pay about 870 billion won ($650 million) to their suppliers up to 15 days ahead of schedule., Samsung affiliates have been increasing payment cycles from twice a month to three to four times a month since 2011 to strengthen cooperation with their partners.
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Aug 29, 2024 | 
pulse.mk.co.kr | Choi Hyun-jae |Moon Gwang-min |Chang Iou-chung
South Korea’s shipbuilding and tire industries are facing a setback as labor union groups launch partial strikes, demanding improved working conditions. The labor unions of leading Korean shipbuilding companies staged joint partial strikes on Wednesday, lasting between 3 to 5 hours. HD Hyundai Heavy Industries Co. workers struck from 2 p.m. to 5 p.m., while Hanwha Ocean Co.‘s union struck for about four hours.
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Aug 25, 2024 | 
pulse.mk.co.kr | Moon Gwang-min |Minu Kim
Hyundai Motor Group’s electric vehicles (EVs) continue receiving the top honors in major global safety assessments. Hyundai Motor Group announced on Sunday that models such as the Genesis GV60, Hyundai Ioniq 5, Ioniq 6, and Kia EV6 and EV9, which were all developed using the dedicated E-GMP platform, earned the highest possible rating of five stars in the Euro NCAP, Europe’s New Car Assessment Program.
