Park Je-one

1 month ago | pulse.mk.co.kr | Park Je-one |Han Yubin

South Korea’s Hyundai Motor Co. is expected to halt operations of a line at its Ulsan factory, where the electric flagship model Ioniq 5 is produced. This marks the third suspension of the line this year, citing sluggish EV sales. According to multiple industry sources on Tuesday, Hyundai Motor has sent an official letter to the labor union’s Plant 1 division, requesting cooperation for a temporary shutdown of Line 12 at the Ulsan Plant.

1 month ago | pulse.mk.co.kr | Park Je-one |Han Yubin

South Korean auto conglomerate Hyundai Motor Group has maintained its price competitiveness in the United States in April, becoming the only major automaker to see a decline in prices. According to the Kelley Blue Book Report released by U.S. research firm Cox Automotive on Wednesday, Hyundai Motor Group’s average transaction prices (ATP) fell 1.2 percent on month to $37,674 in April.

2 months ago | pulse.mk.co.kr | Park Je-one |Han Chang-ho |Yu Jun-ho |Han Yubin

The South Korean government has decided to increase policy funding for the automotive industry to 15 trillion won ($10.4 billion), in response to U.S. tariffs. The move comes after the United States under President Donald Trump began imposing a 25 percent tariff on all vehicles produced outside the U.S. as of April 3 and plans to extend the same 25 percent tariff to auto parts starting on May 3.