Hyundai Motor Co (005380.KS) and its two affiliates approved Asia's biggest property deal since the financial crisis on Friday when their board members agreed to pay 10.55 trillion won ($10.12 billion) for a trophy plot of land to house a new headquarters in downtown Seoul.
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General Motors' South Korean unit reached a tentative wage deal with its labor union on Monday, averting a potential strike at one of its key Asian production bases.
Hyundai Motor Co plans to start selling its first battery-powered electric vehicle (EV) in 2016 as South Korea's champion of fuel-cell cars hedges its bets in next-generation green technology.
Hyundai Motor (005380.KS) is internally looking to lift its U.S. vehicle sales by 10 percent next year, an executive said, underlining the South Korean company's high hopes for the revamped versions of the Genesis and the Sonata sedan.
Hyundai Motor Co's (005380.KS) 45,000 union workers in South Korea voted to strike over unmet demands including a one-off payment of $2.45 billion from the company's record 2012 profit and gold medals for long-serving employees.
Workers at General Motors Co's (GM.N) factories in South Korea, a key manufacturing base for the U.S. automaker, will stage a partial walkout on July 4 because of disputes over wages and production plans, a union spokesman said on Thursday.
