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Hyunjoo Jin

Keen to develop self-driving cars, Hyundai Motor Group unveils $35 billion investment plan

10:29am BST

SEOUL Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars that has also received government backing.

Hyundai Motor Group to invest $35 billion in future automotive tech

8:00am BST

SEOUL, Oct 15 Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea's top automaker accelerates its attempts to catch up in the self-driving car race.

South Korea's Netmarble branches out with proposed Woongjin Coway deal

14 Oct 2019

SEOUL South Korea's Netmarble was named the preferred bidder on Monday for a stake in water purifier rental firm Woongjin Coway valued at $1.3 billion, as the gaming company seeks to diversify its revenue streams.

Hyundai, Kia earmark $760 million to settle U.S. lawsuits over engine fires

11 Oct 2019

SEOUL Hyundai Motor Co and affiliate Kia Motors Corp have earmarked 900 billion won ($758 million) to settle U.S. class action litigation and address engine-related issues in the United States and South Korea.

Hydrogen hurdles: a deadly blast hampers South Korea's big fuel cell car bet

25 Sep 2019

SEOUL Aiming to cash in on a major push by South Korea to promote fuel cell vehicles, Sung Won-young opened a hydrogen refuelling station in the city of Ulsan last September. Just one year on, he's thinking about closing it down.

Hyundai Motor Group, Aptiv to set up $4 billion self-driving car venture

24 Sep 2019

SEOUL/NEW YORK Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv , the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.

Hyundai Motor Group, Aptiv to set up $4 billion self-driving car JV

23 Sep 2019

SEOUL Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv, the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.

UPDATE 2, PIX-Hyundai Motor Group, Aptiv to set up $4 bln self-driving car JV

23 Sep 2019

* Aptiv to own 50% of venture (Adds background on Aptiv customers, rivals, Hyundai's acquisition)

Seoul to file WTO complaint over Japan's 'discriminatory' export curbs

11 Sep 2019

SEOUL South Korea plans to file a complaint over Japan's tighter export controls at the World Trade Organization on Wednesday, accusing Tokyo of being "politically motivated" and "discriminatory" in an escalating row rooted in wartime history.

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