Korea Joongang Daily
Korea JoongAng Daily

4 carmakers to recall over 530,000 vehicles due to faulty parts

Hyundai Motor, Kia and two other carmakers will voluntarily recall over half a million vehicles in Korea to address defective components, the Ministry of Land, Infrastructure and Transport said Wednesday.

2026-04-22

Prosecutors drop Korens trade secret leakage case with SNT Motiv

A trade secret leakage case against three employees at Korens and its affiliate Korens EM, both auto parts manufacturers, has been closed, ending the three-year legal dispute with market rival SNT Motiv.

2025-08-11

‘Nothing short of a death knell’: U.S. tariffs hit small auto firms harder

U.S. tariffs severely impact Korean auto parts manufacturers, putting jobs in danger.

2025-08-11

U.S. sets process to expand auto parts subject to 25% tariffs

The U.S. Commerce Department has established a process to include more imported automobile parts in the list of those subject to 25 percent tariffs, its release showed Thursday, a move that could affect Korea's auto part industry.

2025-06-27

Hyundai Mobis beats consensus with $630 million in Q1 net profit

Hyundai Mobis posted a consensus-beating 841.8 billion won ($630 million) in net profit in the first quarter helped by surging parts orders of electric vehicles.

2023-04-26

Hyundai Mobis reports record revenue in 2022, lower-than-expected net profit

Hyundai Mobis reported lower-than-expected net profit in 2022, impacted by the rising raw material costs.

2023-01-27

Hyundai Mobis reorganizes planning, production

Hyundai Mobis established two manufacturing-dedicated subsidiaries, the auto parts maker said Monday.

2022-11-14

Hyundai Mobis reports lower-than-expected net profit in Q3

Hyundai Mobis reported lower-than-expected net profit in the third quarter mainly due to the rising raw material costs.

2022-10-28

Hyundai Mobis establishing two production subsidiaries

Hyundai Mobis is establishing two subsidiaries that will focus on the production, the auto parts maker said Thursday.

2022-08-18

Nine Korean auto parts makers make the Top 100 list

Nine Korean companies made it on the list of the top 100 auto parts companies compiled by U.S.-based Automotive News, based on their 2020 revenues.

2021-08-11