Tag: Hyundai

Hyundai and Apple Will Reportedly Team Up to Develop Self Driving Electric Car

There have been rumors about Apple wanting to get into the car business and are apparently close to a deal with Hyundai to do just that:

Hyundai Motor and Apple Inc plan to sign a partnership deal on autonomous electric cars by March and start production around 2024 in the United States, local newspaper Korea IT News reported on Sunday.

The report follows a statement on Friday from Hyundai Motor that it was in early talks with Apple after another local media outlet said the companies aimed to launch a self-driving electric car in 2027, sending Hyundai shares up nearly 20%.

Hyundai Motor declined to comment on the report on Sunday, and reiterated Friday’s comments that it has received requests for potential cooperation from various companies on developing autonomous EVs.

Reuters

You can read more at the link.

Crazy South Korean Woman Destroys a MiniStop with Her Car Over Art Contest Dispute

Apparently some woman in Pyeongtaek got angry at the owner of a MiniStop in Pyeongtaek for not submitting her daughter’s picture for some art contest MiniStop was holding. You can see the shop’s owner at the end of the video try to fight the woman after she is apprehended:

https://www.youtube.com/watch?v=tHlKinfDclo

Just imagine how this situation would have ended if she would had tried to smash her car into a police car in the United States. The police in Pyeongtaek showed a lot of restraint by not escalating the situation. Also talk about a great commercial for the Hyundai Genesis, that car appears to be indestructible inside that MiniStop.

Picture of the Day: Hyundai Exports Double-decker Trains to Australia

Hyundai Rotem delivers double-deck electric trains to Australia
Hyundai Rotem delivers double-deck electric trains to AustraliaThis image, released by Hyundai Rotem Co. on Dec. 2, 2019, shows a double-deck electric train manufactured by the South Korean railway system and plant equipment maker at its plant in the southeastern city of Changwon. Hyundai Rotem has sent 20 double-deck electric trains to New South Wales’ railway authorities in Australia as the first batch of the 554 vehicles it agreed to export to the Australian state. (Yonhap)

Hyundai Approved to Build the Largest Skyscraper in South Korea

Another huge building is coming to the ROK:

The Seoul city government said on Tuesday that it has approved the long-delayed construction of Hyundai Motor Group’s new headquarters in the affluent district of Gangnam, which is set to be South Korea’s tallest skyscraper when completed in 2026. 

The 569-meter building will break ground in the first half of 2020, Seoul city said in a statement. 

The approval came more than four years after Hyundai Motor Group, South Korea’s second-largest conglomerate, offered to purchase the site with $10 billion in 2014, more than triple its market price, outbidding Samsung Electronics Co Ltd and sparking a stock sell-off.

The construction, originally scheduled to commence in 2016, was delayed partly due to security concerns raised by South Korea’s air force, which said the building would interfere with radar and military operations, a Seoul city official said.

Reuters

You can read more at the link.

Greenpeace Activists Deface Sign In Front of Hyundai Headquarters in Seoul

Greenpeace is doing Greenpeace things:

A man writes a message reading “No more internal combustion engines” on a billboard promoting Hyundai Motor’s Sonata sedan in front of the automaker’s headquarters in Yangjae, southern Seoul, on Monday. 

Greenpeace is under police investigation for defacing an advertisement for Hyundai Motor in their war against pollution from cars.

A member of the environmental group climbed a 40-meter (131-foot) billboard for Hyundai Motor’s new Sonata sedan close to the automaker’s head office in Seoul on Monday morning and posted a message in large black hangul characters reading, “No more internal combustion engines.”

“Getting rid of internal combustion engines is a must to-do task in today’s environment,” said Lee In-sung, a climate campaigner for the local branch of the non-governmental environmental organization, which is headquartered in Amsterdam.

Joong Ang Ilbo

You can read more at the link.

Hyundai Executives Attend Memorial Service in North Korea for Late Chairman Who Helped Send $500 Million to Kim Regime

Considering that Hyundai was used to help pay the original $500 million bribe to the Kim regime to secure the first Inter-Korean summit, I can understand why North Korea has fond memories of working with the former chairman Chong Mong-hun:

In this photo provided by Hyundai Group, its chairwoman Hyun Jeong-eun pays respect to late chairman Chung Mong-hun during a memorial service at Mount Kumgang on Aug. 3, 2018. (Yonhap)

A North Korean media outlet reported in detail on a South Korean firm’s devotion to inter-Korean cooperation Friday, apparently trying to create a favorable mood for resumption of the company’s now suspended tour program.

Uriminjokkiri, the North’s external propaganda website, shed light on Hyundai Group’s work and its relations with Pyongyang in time for a trip by group officials to Mount Kumgang to attend a memorial service for late chairman Chung Mong-hun.

Chung spearheaded the now suspended tour program to the North Korean mountain. His wife and current chairwoman Hyun Jeong-eun was among the visitors.

The ceremony was attended by some 20 North Korean officials and 30 Hyundai officials, according to the company.

“We have expectations to resume the tour program within this year. That’s what the North was thinking too,” Hyun told reporters after her visit.

Yet the chairwoman said she did not have detailed discussions on the possible resumption of inter-Korean projects with the North Korean officials.

During a meeting with Hyun in 2005, the website said that the North’s then leader Kim Jong-il delivered condolences for the death of Chung, emphasizing that the North began its “first love” with Hyundai in terms of improving inter-Korean relations way ahead of its cooperation with the Seoul government.

Kim also praised Chung for his devotion to advancing relations between the two Koreas, calling him a “patriotic business person” who followed in the footsteps of his late father and group founder, Chung Ju-yung, according to the website.  [Yonhap]

You can read more at the link, but for those that don’t remember Chong Mong-hun committed suicide back in 2003 by jumping off of a building after he was indicted for his role in paying the bribe to North Korea.