Hyundai Motor Group

SEOUL - There is great potential for further development of Serbia-South Korea economic relations and we must work at an accelerated pace to sign an agreement on economic partnership by the end of next year, Serbian Minister of Internal and External Trade Tomislav Momirovic, who is on an official visit to South Korea, said on Friday.

In the coming two months, the company "Kozloduy NPP - New Powers" is set to finalize an engineering contract with a consortium comprised of South Korea's Hyundai Engineering and Construction and the American firm Westinghouse Electric Company. This announcement was made by Acting Minister of Energy Vladimir Malinov, who is currently in Seoul meeting with Hyundai's executive director.

Hyundai Motor Group and LG Energy Solution have announced they will build a $4.3 billion electric battery plant as part of Hyundai's new electric vehicle assembly plant in southeast Georgia.

The companies will split the investment, starting production as soon as late 2025.

Το αμιγώς ηλεκτρικό Ioniq 5 ολοκληρώνει μέσα στους επόμενους μήνες τις απαραίτητες δοκιμές εξέλιξης.

South Korea’s Hyundai Rotem signed a 720-million-euro ($856 million) deal with Iran on Saturday to manufacture 450 rail-buses for suburban trains, Iranian state media reported.

Hyundai Motor Co is at loggerheads with its Chinese partner over efforts to cut supplier costs, as they grapple with cut-throat competition and the impact of a stand-off between Beijing and Seoul, four people familiar with the dispute said.