Latest news with #HyundaiMotorCo.
India Gazette
14-07-2025
- Business
- India Gazette
India's favorable stock market conditions, healthy pipeline to boost IPOs: Report
New Delhi [India], July 14 (ANI): Initial public offerings (IPOs) in India are expected to regain momentum after a relatively steady first half of 2025, the latest data analysis by S&P Global Market Intelligence indicated. The financial information and analytics firm attributed favourable equity market conditions and a healthy pipeline of planned share sale deals in India. During the first six months of 2025, India welcomed 119 IPOs, raising an aggregate of 511.50 billion Indian rupees, according to data compiled by S&P Global Market Intelligence. In the same period of 2024, funds raised in IPOs amounted to 376.82 billion rupees via 157 new company listings, the data showed. According to data compiled by S&P Global Market Intelligence, Indian exchanges closed 2024 with a total of 1.713 trillion rupees raised via 333 new company listings. The listing of the local unit of Hyundai Motor Co., the biggest IPO on record in India, boosted the overall amount raised in 2024. The initial public offering (IPO) of India's largest IPO, Hyundai Motor India, raised Rs 27,870.16 crores through an offer for sale of 14.22 crore shares. HDB Financial Services Ltd., a nonbank subsidiary of HDFC Bank Ltd., debuted on the National Stock Exchange of India Ltd. with a 125 billion rupee IPO in June, the biggest so far in 2025. Data showed that among the top 10 deals this year, three involved consumer discretionary companies, while two were financial firms. The National Stock Exchange of India ranked fourth on the global IPO league table with fundraising at USD 5.51 billion, according to S&P Global Market Intelligence data. 'It came after the Nasdaq Global Market, NYSE and the Nasdaq Global Select Market, comprising 8.9 per cent of the worldwide aggregate IPO fundraising in the first half of 2025,' S&P Global Market Intelligence said in its analysis. The initial public offering (IPO) refers to the process by which companies sell their shares to the public to raise equity capital from investors. (ANI)
Korea Herald
07-07-2025
- Automotive
- Korea Herald
Female leadership at Hyundai Motor rises to record high, surpassing men in total pay
Women accounts for 7.9% of Hyundai's executive team in 2024, earn W495.78m in total compensation compared to W462.84m for men Women now make up a larger share of Hyundai Motor Co.'s executive leadership than ever before, and in 2024, female executives earned more on average than their male counterparts when performance bonuses were included. According to Hyundai's recent 2025 Sustainability Report and regulatory disclosures submitted to South Korea's Financial Supervisory Service, the automaker had 64 female executives worldwide as of last year. This was an increase by five from 2023, representing 7.9 percent of all executives, which is its highest proportion to date. Although average base salaries for male executives remained slightly higher, at 363.76 million Korean won ($265,800) compared to 353.37 million won for women, female executives received more in total annual compensation due to performance-based bonuses. On average, women earned 495.78 million won in total compensation, exceeding men's average of 462.84 million won by 32.93 million won. A similar pattern emerged among general employees. In 2024, the average salary for female staff at Hyundai, including bonuses, marked 61.24 million won, compared to 58.95 million won for male staff. The increase in female executives has coincided with a broader rise in the number of women employed by the company. Between 2020 and 2024, the number of female employees grew by 36.2 percent, from 10,412 to 14,185. Male employment grew by 10.2 percent during the same period. As a result, the percentage of women in Hyundai's global workforce rose from 8.6 percent in 2020 to 11.2 percent last year. Regional data shows different rates of change. At Hyundai's South Korea headquarters, the number of female executives rose from 14 in 2020 to 21 in 2024. North America saw an increase from 11 to 27 over the same period. Europe went from two to eight, while India appointed its first female executive last year. In contrast, China saw a decline, with the number of female executives falling from eight to three amid ongoing sales difficulties. Female representation in technical and leadership roles is also increasing. Women made up 5.2 percent of employees in roles related to science, technology, engineering and math in 2024, up from 4 percent in 2020. The proportion of female managers rose from 6.8 percent to 11.7 percent. Hyundai has set a goal to raise the share of women in senior roles by 2030. In Korea, it aims for women to hold 15 percent of positions at the managerial level and above, including research and executive roles, doubling the 2023 figure. Overseas, it targets 27 percent for women in comparable managerial positions, up by 10 percentage points from current levels.
Korea Herald
03-07-2025
- Automotive
- Korea Herald
Hyundai to unveil Ioniq 6 N in London next week
Hyundai Motor Co., South Korea's leading carmaker, said Thursday it will unveil its all-electric Ioniq 6 N high-performance model in London next week, ahead of its domestic launch later this year. The company has released a teaser film of the Ioniq 6 N electric sedan on its official YouTube channel. The Ioniq 6 N, Hyundai's second N high-performance electric model following the Ioniq 5 N, will be showcased at the Goodwood Festival of Speed next Thursday, the company said in a press release. The next-generation electric sedan features advanced suspension geometry, N e-shift technology that simulates motorsport-inspired close gear ratios and an N Drift Optimizer that allows drivers to fine-tune drift functionality through a wide range of customizable settings. "The Ioniq 6 N has been developed to provide the most engaging driving experience possible in an EV," Park Joon-woo, vice president and head of Hyundai's N Management Group, said in the release. The Ioniq 6 N is designed to deliver an interactive driving experience rooted in N's core performance pillars: cornering agility, racetrack capability and everyday usability as a sports car. (Yonhop)
Korea Herald
25-06-2025
- Automotive
- Korea Herald
Four automakers to recall over 14,000 vehicles due to faulty parts
Hyundai Motor Co., Jaguar Landrover Korea and two other companies will voluntarily recall more than 14,000 vehicles to address faulty components, the transport ministry said Wednesday. The four companies, including trading firm GS Global Corp. and GM Asia-Pacific Regional Headquarters, the South Korean subsidiary of General Motors Co., are recalling a combined 14,708 units across 19 different models, the Ministry of Land, Infrastructure and Transport said in a press release. The recalls were prompted by issues such as a defective airbag inflator system in Hyundai's Avante compact, a potential fire risk in the battery cell system of the BYD eBus-12 -- an electric bus manufactured by China's BYD and imported by GS Global -- and software malfunctions in the infotainment system of GM's Lyriq all-electric model, the ministry said. Vehicle owners can check whether their vehicles are subject to the recall by visiting the government website at or calling 080-357-2500, the ministry said. (Yonhap)
Korea Herald
18-06-2025
- Business
- Korea Herald
Top 100 firms contribute over W1,600tr to economy in 2024
South Korea's top 100 companies contributed more than 1,600 trillion won ($1.16 trillion) to the national economy in 2024, with Samsung Electronics Co. topping the list for the second consecutive year, a market tracker said Wednesday. Their combined economic contribution reached 1,615.2 trillion won, up 3.9 percent from 1,554.9 trillion won the previous year, according to CEO Score. Samsung Electronics' contribution rose 7 percent on-year to 157.5 trillion won. The 100 companies are among the nation's 500 largest firms by revenue, excluding public enterprises and financial institutions, such as banks, insurers and securities firms. CEO Score defines economic contribution as the total value generated for stakeholders through business operations, including payments to business partners, employees, the government (in the form of taxes), shareholders (dividends), creditors (interest) and society (donations). Total sales by the 100 firms rose 6.6 percent on-year to 2,122.4 trillion won, contributing to the overall increase in their economic contribution to Asia's fourth-largest economy. Hyundai Motor Co. ranked second with a contribution of 115.2 trillion won, up 3.4 percent from a year earlier. Its affiliate Kia Corp. followed with 86.6 trillion won, a 17.2 percent on-year increase. Rounding out the top 10 contributors were LG Electronics Inc., Hyundai Mobis Co., GS Caltex Corp., SK Energy Co., POSCO, Samsung C&T Corp. and LG Chem Ltd. Kia posted the largest on-year increase in economic contribution, mainly due to higher payments to suppliers. In contrast, LG Energy Solution Ltd. recorded the steepest drop, falling 28.3 percent on-year to 19.2 trillion won. (Yonhap)
