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Author: openus

20 3월 Hyundai Corporation Has Successfully Advanced into the US Postbiotics Market to Take the Lead in the Next-Generation Global Lactic Ferments Sector

H-Story | openus

The Hyundai Corporation Group (chairman: Chung Mong-hyuck) announced on March 19, that, together with Bereum, a Korean postbiotics producer, it has signed a contract with NURA, a US food ingredient distributor, to export postbiotics to the US. The three-year deal is valued at USD 10 million (KRW 13 billion) in terms of minimum order quantity (MOQ).

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31 1월 Hyundai Corporation Chairman Chung Mong-hyuck Stresses the Need for Aggressive Management, Unveiling Plans to Actively Implement M&A Activities

H-Story | openus

This year, Hyundai Corporation plans to expand its business size via M&As. Last year, it posted an operating income of about KRW 100 billion, the largest figure since it was spun off from the HD Hyundai Group in 2016. A series of strong performances enabled HC to secure a wealth of cash and make bold business decisions. If an M&A deal is signed, the deal will become HC’s first M&A.

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14 11월 [We Are Leading the Way for a New Republic of Korea] “Leading the organization based on young and flexible thinking”

H-Story | openus

There is a Generation MZer (Millennial + Gen Z) who is heading an overseas subsidiary at the age of 34. It is Sa-Gong Hyuk who is working for Hyundai Corporation, a general trading company. He took an idea that he came up with at the headquarters in Korea and brought it to fruition in Australia, ultimately elevating him to the leadership position. We listened to the story of Sa-Gong Hyuk, who has proved that age has nothing to do with rank.

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30 9월 K-Mushrooms are Loved in the UK and Australia!

H-Story | openus

The entry of K-mushrooms into global markets has been accelerated. Mushrooms including Shiitake mushrooms that are widely used for Korean traditional pancakes, galbijjim (braised beef short ribs), japchae (glass noodles with sauted vegetables), and greens during national holidays including Chuseok (Korean Thanksgiving Day) have gained popularity in Australia and the UK.

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31 8월 “Sugihara Hyundai Automotive”, Auto Parts JV Holds a Grand Opening Ceremony of the Indonesia Manufacturing Plant

H-Story | openus

The grand opening ceremony for the Indonesian plant of Sugihara Hyundai Automotive (SHA), a joint venture between Hyundai Corporation and Sugihara, a Japanese auto parts manufacturer, was held on August 31 in Bekasi Cikarang near Jakarta. The ceremony was attended by Ambassador Lee Sang-deok of the Republic of Korea to Indonesia, Indonesian government officials, executives and employees of Sugihara, including President Shigeru Sugihara, and Hyundai Corporation’s Chairman Chung Mong-hyuk, Vice Chairman Kim Won-kab, Vice President Nam Geun-ho and officials from the VS Team.

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22 8월 Chung Mong-hyuk Takes a New Turn in the Auto Business Leaving Stagnant Russia for Indonesia to Open a New Plant this Month

H-Story | openus

Hyundai Corporation is taking a new turn in the auto parts business. Although Chairman Chung Mong-hyuk of Hyundai Corporation chose auto parts as a new business, the plan has been at a standstill due to the impact of Russia-Ukraine War. To turn things around, the company is opening a new plant in Indonesia instead of Russia. Hyundai Corporation has even readjusted the mass production schedule earlier than originally planned to spur new business.

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24 7월 Hyundai Corporation is the Only Company in the Industry to Promote “Robotics” Business

H-Story | openus

Hyundai Corporation, like other Korean and Japanese general trading companies, has consistently sought to diversify its business. In 2021, the company added electric vehicle parts and eco-friendly materials to its target businesses. This led to the construction of a joint factory in Indonesia with a Japanese auto parts company. In 2022, Hyundai Corporation selected a business to recycle secondary batteries and solar panels.

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