Hyundai Motor Group has received the most model-level awards in the J.D. Power 2020 U.S. Initial Quality Study (IQS), as seven models ranked highest in their segments.Kia Motors Corp. tied for the highest in overall initial quality with a score of 136 problems per 100 vehicles (PP100), making it the
Hyundai Motor Group has appointed Martin Zeilinger as executive vice president and head of Commercial Vehicle (CV) Development Tech Unit. One of key talents in the field, Zeilinger brings with him 30 years of experience on commercial vehicle development.Starting July 1, Zeilinger will enhance overal
The combined market cap of Naver, Kakao and NCSoft totaled 91,243.3 billion won on June 24 with investors continuing to buy the stocks predicted to continue to grow in the post-COVID-19 industrial structure characterized by the lack of physical contact. For reference, the combined market cap at the
The labor union of Hyundai Motor Co. appears to be putting job security before a fight against management.Hyundai Motor's labor union leaders recently visited, together with Hyundai Motor CEO Ha Eon-tae, the shipment center of Chilgok Factory in North Gyeongsang Province and a service center in
Hyundai Motor offers a driving program intended to provide car enthusiasts with the opportunity to improve their skills on a race track.Participants in the Hyundai Driving Experience can experience first-hand the thrills of high-performance driving at famous motorsport tracks in Germany using models
A group of 10 Korean pharmaceutical and biotech companies have moved into the Cambridge Innovation Center (CIC) in Boston.According to the Korea Pharmaceutical and Bio-Pharma Manufacturers Association, the 10 companies share an office in the CIC in Boston. The 10 companies are Chong Kun Dang, Daewoo
The Sandbox Support Center of the Korea Chamber of Commerce and Industry (KCCI) announced on June 25 that the Ministry of Trade, Industry and Energy approved temporary deregulation on non-face-to-face medical treatment for South Korean nationals outside their home country, wireless automobile softwa
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. As a pure PV player in Korea, HES is set to enjoy share price growth momentum in line with the strengthening of renewable energy policies in the domestic and overseas markets. While short-term earni
The author is an analyst of NH Investment & Securities. He can be reached at ys.jung@nhqv.com. -- Ed. We are now seeing a strengthening in both of the two keys to renewable energy industry growth, namely government support policies and economic feasibility. Accordingly, the pace of industry expansio
Hyundai Heavy Industries announced on June 23 that it will integrate the Shipbuilding Business Division and Offshore Business Division on July 1 as the latter has little work to do.The shipbuilder plans to relocate workers of the Offshore Business Division to the Merchant Ship Section to prevent the
Hyundai Motor Group and Rhode Island School of Design (RISD) announced on June 23 a research collaboration to examine relationships among natural and built environments in order to propose new directions for the future of mobility.The study expands on the smart mobility vision announced by Hyundai M
Hyundai Motor Group senior vice chairman Chung Eui-sun and LG Group chairman Koo Kwang-mo met at LG Chem's Ochang plant in Cheongju, North Chungcheong Province, on June 22, and exchanged opinions on future electric vehicle (EV) batteries.The Ochang plant is a future production base for LG Chem,
Sandwiched between luxury German brands and budget local brands, Beijing Hyundai is gradually losing ground in the Chinese automobile market.Beijing Hyundai did not make it to the top 15 in monthly retail sales in May, said the Chinese Passenger Car Association (CPCA) on June 21. The CPCA announces
A boycott of Chinese goods and services has erupted in India, following an armed clash between Indian and Chinese troops in the northern Indian region of Ladakh on June 15. This may benefit Korean companies operating in India.China is India's largest source of imports. According to data from Ind
HMM is seeking to attract a new investor in Total Terminal International Algeciras (TTIA), a container terminal in Algeciras, Spain.HMM owns 50 percent minus one share of TTIA with the remaining 50 percent plus 1 share held by HPA, a special purpose company under the control of HMM. The company has
Hyundai Motor, Kia Motors and LG Chem have joined hands to find promising startups specializing in future electric vehicle (EV) and battery technology.The three companies will hold a startup contest program titled “EV & Battery Challenge” to discover and foster promising Korean and foreign startups.
A secondary partner of Hyundai Motor has declared a withdrawal from business because of the COVID-19 crisis, raising concerns about production disruptions at first-tier partners and Hyundai Motor itself.Myungbo Industrial, a supplier of crash pads and fuse boxes, sent an official letter to Hyundai M
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed.Among the five non-life companies, Hyundai M&F exhibits the highest earnings sensitivity to loss ratio (1%p change in loss ratio translates into 5.5% rise in pre-tax profit, vs 4.4% at Samsung
The authors are analysts of NH Investment & Securities. They can be reached at j.ko@nhqv.com. -- Ed. During our Korea marketing tour, investors expressed high interest in the EV/rechargeable battery industry. Investors believe that it has comparative advantage over other industries as it possesses i
The author is an analyst of NH Investment & Securities. She can be reached at michelle.cho@nhqv.com. -- Ed. Non-life insurance firms saw double-digit (y-y) NP decline for the past two years. However, their earnings are set to make a meaningful turnaround from 2Q20, backed by: 1) improving auto and l