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Business - Hyundai Motor executives to take 10 percent pay cut

Hyundai Motor Group said about 1,000 of its executives will take a 10 percent pay cut, the first such move in seven years at South Korea`s second-largest conglomerate that shows the harsh impact of market share woes and labour strife at its flagship firm. The pay cuts affect executives at 51 group companies, a spokeswoman at flagship Hyundai Motor Co said. The spokeswoman said the cuts are voluntary and are applicable from this month but declined to say how much the group expects to save from the move or which ranks of executives will be impacted.

Tuesday, October 25, 2016  05:40


World - Galaxy Note recall, Hyundai strike hit South Korea`s growth

SEOUL, South Korea (AP) — South Korea`s third-quarter growth slipped to its lowest level in more than a year in the first indication of the growing impact of Samsung Galaxy Note 7 recalls on the broader economy.

Tuesday, October 25, 2016  05:01


World - Motors prepare to take on Al Ain in AFC Champions League final

A painful defeat on penalties is driving Jeonbuk Hyundai Motors as they prepare to take on Al Ain in the AFC Champions League final, their coach said. The K-League outfit beat domestic rivals FC Seoul 5-3 on aggregate late Wednesday to go into next month`s two-legged title match against the Emirati giants. Jeonbuk coach Choi Kang-Hee said memories remained fresh of their loss in the 2011 Asian final, when they went down on penalties to Qatar`s Al Sadd.

Thursday, October 20, 2016  08:30


World - Jeonbuk beats Seoul to motor into Asian Champs League final

SEOUL, South Korea (AP) — Jeonbuk Hyundai Motors reached its third Asian Champions League final thanks to beating FC Seoul 5-3 on aggregate, after losing the second leg of their semifinal 2-1 on Wednesday.

Wednesday, October 19, 2016  14:07


Business - Hyundai Motor executives to take voluntary 10 percent cut in wages

SEOUL (Reuters) - Executives at South Korea`s Hyundai Motor Group plan to take a voluntary 10 percent cut in wages from this month, the first such move since 2009, Yonhap News Agency reported on Tuesday, citing an unidentified high-ranking group official.

Tuesday, October 25, 2016  03:27


World - Hyundai recalls midsize cars; sunroofs can fly into traffic

DETROIT (AP) — Hyundai is recalling nearly 63,000 midsize cars in the U.S. because the panoramic glass sunroofs can come loose and fly into traffic.

Thursday, October 20, 2016  13:48


World - Jeonbuk Hyundai Motors roar into AFC Champions League final

Jeonbuk Hyundai Motors stormed into the AFC Champions League final with a 5-3 aggregate victory over FC Seoul despite losing the all-Korean semi-final`s second leg 2-1 on Wednesday. After Jeonbuk had dominated the first leg 4-1, Brazilian marksman Adriano gave the home side hope when he slotted a record-equalling 13th goal of the tournament in the first half.

Wednesday, October 19, 2016  16:13

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