The additional $5 billion investment, on top of the $21 billion pledged in March, will be dedicated to advancing its strategic initiatives in autos, steel and robotics, the group said in a statement.

H D Hyundai, South Korea’s leading shipbuilding group, is deepening its ties with Bill Gates’ nuclear energy startup TerraPower. The company announced that its Executive Vice Chairman Chung Ki-sun met with Gates in Seoul to discuss cooperation on small modular reactor (SMR) projects.

Hyundai Motor Group announced $5 billion additional investments in U.S. efforts, what does that mean for the Savannah-area metaplant?

HD Korea Shipbuilding & Offshore Engineering--the intermediate holding company of HD Hyundai Mipo and two other Hyundai shipbuilders--last week acquired Doosan Vina, a Vietnam unit of Doosan Enerbility, for $210 million, according to a regulatory filing.

Hyundai boosted its investment in the United States by $26 billion on the same day South Korean President Lee Jae Myung visited President Donald Trump at the White House.

South Korea’s top automakers and battery companies are teaming up for the first time to take on China and advance new technology. Hyundai and Kia announced a new alliance with three EV battery giants to help Korea gain an edge. The global EV market is a “national competition,” warned Kim Dong-myung, CEO of LG Energy Solution, on Friday.

In a document outlining the merger of its two Korean listed shipbuilders HD Hyundai Heavy Industries and HD Hyundai Mipo, holding group HD Korea Shipbuilding & Offshore Engineering (HD KSOE) outlines a new structure under which it will hold a 69.29% stake in the new merged entity.

Seoul: HD Hyundai, South Korea's leading shipbuilding conglomerate, said on Tuesday it has signed an initial agreement to create a joint investment programme aimed at rebuilding the US