Hyundai Corporation’s Petroleum & Chemical Products (PC) Division concluded a contract of affreightment (COA) with Nanjing Tanker Corporation, China, on August 19. As a result, it has established a basic framework to supply 7.20 million barrels (about 970,000 tons) of ULSD (Ultra-Low Sulfur Diesel) to...
The entry of K-mushrooms into global markets has been accelerated. Mushrooms including Shiitake mushrooms that are widely used for Korean traditional pancakes, galbijjim (braised beef short ribs), japchae (glass noodles with sauted vegetables), and greens during national holidays including Chuseok (Korean Thanksgiving Day) have gained...
Somewhat unfamiliar products, such as TVs, refrigerators, and vacuum cleaners, under the brand name of Hyundai Electronics were displayed at the “Hyundai” booth in Hall 6 of the Berlin exhibition center (Messe Berlin) in Germany....
The grand opening ceremony for the Indonesian plant of Sugihara Hyundai Automotive (SHA), a joint venture between Hyundai Corporation and Sugihara, a Japanese auto parts manufacturer, was held on August 31 in Bekasi Cikarang near Jakarta. The ceremony was attended by Ambassador Lee Sang-deok of...
Hyundai Corporation is taking a new turn in the auto parts business. Although Chairman Chung Mong-hyuk of Hyundai Corporation chose auto parts as a new business, the plan has been at a standstill due to the impact of Russia-Ukraine War. To turn things around, the...
Hyundai Corporation, like other Korean and Japanese general trading companies, has consistently sought to diversify its business. In 2021, the company added electric vehicle parts and eco-friendly materials to its target businesses. This led to the construction of a joint factory in Indonesia with a...
Korean credit rating agencies have raised Hyundai Corporation’s rating to “A” (stable). Given its stable business profitability and favorable financial stability, the outlook for its future credit rating is evaluated to be stable....
Hyundai Corporation (HC) has ramped up its efforts to take part in rebuilding Ukraine. According to industry sources, starting from Hyundai Corporation, the Hyundai family is projected to participate in Ukraine reconstruction projects more actively....
Against the backdrop of trade deficits being posted for 15 months in a row, a local company has successfully signed a deal with a European pharmaceutical distributor to export lactic ferments to Europe, the birthplace of such ferments. The Korean company is Bereum (CEO: Han...
Hyundai Corporation (HC) has begun reinforcing its future growth engines by constructing another solar power plant in Japan. This initiative reflects Chairman Chung Mong-hyuck’s intention to strengthen eco-friendly projects and to reduce its reliance on trading....