Hyundai Motor Co. announced Thursday that its Indian operation’s sales and production figures came in at above 600,000 in 2010 for the first time since its first plant went online in 1998.The company’s Indian unit, Hyundai Motor India, began producing vehicles in 1998 with an annual production capacity of 300,000 units. Hyundai’s i20The company currently has two 300,000-unit plants in India.Accord

STX Energy signed an agreement to collaborate in building two coal-fired power plants with the Korea East-West Power Co. on Thursday.Under the agreement, the companies will build two 500 megawatt power plants in Donghae, Gangwon Province with an estimated cost of 2 trillion won ($1.78 billion). The first of the two plants is scheduled to go into operation in December 2014, while the second plant i

The number of registered automobiles in South Korea could top 18 million as early as next month.The Ministry of Land, Transport and Maritime Affairs said the number of registered automobiles in the country came in at 17.94 million units at the end of last year.The ministry expects the number of registered automobiles to rise above the 18 million mark in February if the pace is maintained at last y

Newly confident carmaker readies all-Chevrolet lineup for 2011 GM Daewoo Auto and Technology is pushing for a new branding strategy which could see it attaching the Chevrolet brand to all its new vehicles this year. The bold move reflects its newfound confidence from debt repayment and improved performance but has gotten mixed reactions from market watchers.The Korean unit of the U.S. auto giant p

Nearly half of foreign companies with branches in South Korea have no plans to recruit university graduates this year, a survey showed on Wednesday.A survey of 58 foreign firms conducted by the online recruiting agent JobKorea found that 26, or 44.8 percent, do not have plans to hire any new graduates this year.Of the remainder, 24 companies responded that they will be looking for new employees th

Hyundai Steel on Wednesday further raised the export price of bar and section products by up to $50 per metric ton.With the changes, H-shape section steel has been raised to between $800 and $810 per ton, including freight costs, for the Middle East and Southeast Asia, respectively.Products bound for Europe and the U.S. will be priced at between $830 and $840 per ton in line with the changes imple

Kia Motors Corp.’s domestic market share exceeded 30 percent in 2010 for the first time in 15 years.According to industry data, Kia’s domestic sales in 2010 increased by 17.4 percent from the previous year to come in at about 485,000 vehicles, and pushing up the carmaker’s market share by 3.6 percentage points to 33.2 percent. While Kia held more than a 30 percent market share in the early 1990s,

Hyundai Heavy Industries donated 5 billion won ($4.4 million) to the Community Chest of Korea on Monday.“I hope that the donation can in a small way help in giving hope and courage to those who are experiencing financial difficulties,” Hyundai Heavy Industries president and chief executive Lee Jai-seong said. Lee Jai-seongMonday’s donation is the latest in a series of corporate social responsibili

A U.S.-China summit set for later this month is unlikely to produce an agreement on resuming six-party talks on North Korea's nuclear programs as Washington is against convening talks for talks' sake, a South Korean official said Sunday.   U.S. President Barack Obama and Chinese President Hu Jintao are scheduled to meet in Washington on Jan. 19. North Korea is expected to be a key topic for the su

By Choi He-suk Korea’s top companies are bracing for the New Year challenges of both consolidating their market leadership and developing new growth businesses.Innovation, quality, future growth, core capabilities and human resources are keywords in the New Year’s messages of leading companies as they put out strategies to tackle global uncertainties, a slowing overseas demand and tougher challeng

Hyundai Motor Group announced Sunday that the combined sales of Hyundai Motor Co. and Kia Motors Corp. in China came in at 1.1 million units last year, up 28.2 percent compared to 2009.With the increase, the group took 9 percent of the Chinese market and became the second-largest automotive group operating in China, the company said.Hyundai was fourth with about 700,000 units sold in China while K