Seoul-based Hanon Systems has completed its acquisition of the Fluid Pressure & Controls business of Canada's Magna International Inc for approximately USD1.2bn.

Hyundai Motor Company has confirmed it is moving ahead with the development of a production version of the Santa Cruz pickup truck, after years of speculation.

The South Korean government is actively promoting the use of hydrogen as a new source of economic and manufacturing growth for the country.

EV battery developer, SK Innovation plans to invest around USD859m in battery technology and production in Hungary.

Seoul-based Hyundai Motor Company (HMC) and Global Group of Algeria have signed an agreement to produce Hyundai’s commercial vehicles in Algeria as Hyundai continues to expand its commercial vehicle business around the world.

Hyundai Truck and Bus Rus (an official representative office and subsidiary of Hyundai Motor Company, established in February 2017) has started series assembly of the Hyundai HD35 and Hyundai35City light commercial vehicle range (with gross weights stated as 3.5 tons) at the Avtotor plant in Kaliningrad.