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25 stories mentioning KRX:000270Updated 11h ago

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Asia

Market Chatter: Kia to Invest $649 Million to Produce, Sell EVs in Mexico

Kia (KRX:000270) plans to invest $649 million in Mexico for the production and sale of fully electric vehicles in the country, Reuters reported Wednesday, citing managing director Horacio Chavez.The automaker's EV3 production is set to begin at its Nuevo Leon plant on Aug. 4, the report said, Mexican Economy Minister Marcelo Ebrard reportedly said.Shares of Kia fell nearly 1% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:000270
Kia's Second-Quarter Revenue Jumps Nearly 13% on Record Sales Volume
US Markets

Kia's Second-Quarter Revenue Jumps Nearly 13% on Record Sales Volume

Kia's (KRX:000270) revenue rose 12.6% in the second quarter of 2026 to 33.037 trillion won, boosted by strong demand for its vehicles overseas, pushing overall volume sales to a new high.The South Korean carmaker, owned by Hyundai Motor Group, sold a total of 851,639 vehicles in the April-June period, up 4.5% from a year earlier, according to a press release on Friday.The performance was boosted by strong demand for Kia cars overseas. Domestic sales only accounted for 18.2% at 154,816 units, while overseas sales made up 81.8% of Kia's overall sales volume at 696,823 units."Although global industrial demand declined by 3.8% due to political instability in the Middle East and weakened purchasing sentiment in the Chinese market, Kia overcame these adverse conditions head-on and achieved record sales," the company said.Kia attributed the performance to its electrified model lineup, among other factors. Retail sales of electrified vehicles jumped 60% year over year to 296,000 units.Attributable net profit rose 2.6% in the second quarter to 2.328 trillion won from 2.269 trillion won a year earlier. Operating profit, however, narrowed 4.9% to 2.629 trillion won, which Kia attributed to aggressive pricing and incentive policies to counter Chinese EV brands at home and in Western European markets.Looking ahead, Kia expects to achieve "solid performance" in the second half and meet its annual guidance. In January, Kia said it expects to hit 3.35 million in global unit sales this year, up 6.8% from 2025.Full-year operating profit is forecast to reach 10.2 trillion won, while revenue is predicted to hit 122.3 trillion won.Kia's shares tumbled 13% in late-afternoon trade on Friday.

KRX:000270
Asia

Kia's Profit, Sales Rise in Q2

Kia's (KRX:000270) posted a 2.6% year-over-year increase in net income attributable to shareholders to 2.328 trillion won from 2.269 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.The South Korea-based automaker's sales increased 12.6% to 33.037 trillion won for the three months ended June 30.

KRX:000270
Asia

South Korean Shares Close Higher for Second Day on Overnight Wall Street Gains

South Korean shares closed higher on Wednesday for a second straight day on overnight Wall Street gains, ahead of second-quarter earnings releases of US big tech companies.U.S. stocks rebounded on Tuesday, with the Dow Jones Industrial Average gaining 0.74%, the S&P 500 adding 0.89% and the Nasdaq Composite climbing 1.3%, as all three indexes snapped three-day losing streaks.The Korea Composite Stock Price Index, or Kospi, increased by 49.75 points, or 0.7%, to end at 6,797.7. The Kosdaq fell by 2.25 points, or 0.3%, to close at 751.09.In economic news, South Korea's producer price index (PPI) increased 8.6% year over year in June, according to preliminary data from the Bank of Korea released on Wednesday. The reading remained unchanged from the previous month but exceeded Trading Economics' forecast of 8.2%.PPI inflation across agricultural, forestry and marine products, and services was unchanged in June from May, while that of manufacturing products slowed. Out of all the primary sectors, only utilities posted an acceleration in producer price growth.On a month-over-month basis, South Korea's PPI was flat after rising for nine straight months.In corporate news, Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), introduced an integrated vehicle-to-everything (V2X) service called AllDayEnergy around the world, which would allow electric vehicles to double as mobile energy sources.The automotive group will work with Hana Financial Group (KRX:086790) subsidiary Hana Bank to introduce "AllDayEnergy My Heart Savings Account," Hyundai Motor Group said in a Tuesday release.V2X allows two-way power flow between electric vehicle batteries and the grid, enabling users to lower charging costs and generate revenue. The service stores electricity during off-peak hours and supplies it when the requirement is higher, it said.Shares of Hyundai Motor jumped nearly 5% while those of Kia added about 2% at market close.In other news, Unionized workers at Kakao Corporation (KRX:035720) subsidiary Kakao Bank voted to carry out a full-scale strike on July 31 after failed talks with management over salary hikes and other benefits, Yonhap News reported Wednesday.The bank's union and management are at odds over wages and benefits after no agreement was reached during negotiations, despite the bank posting record first-quarter operating income and revenue, the report said.Kakao Corp. has also faced continued wage-related disputes, with union members carrying out strikes last month, according to the report.The company did not immediately respond to a request for comment from.Shares of Kakao Corp. added nearly 1% at market close.

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Asia

Hyundai Motor Group to Introduce Global Vehicle-to-Everything Service

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), introduced an integrated vehicle-to-everything (V2X) service called AllDayEnergy around the world, which would allow electric vehicles to double as mobile energy sources.The automotive group will work with Hana Financial Group (KRX:086790) subsidiary Hana Bank to introduce "AllDayEnergy My Heart Savings Account," Hyundai Motor Group said in a Tuesday release.V2X allows two-way power flow between electric vehicle batteries and the grid, enabling users to lower charging costs and generate revenue. The service stores electricity during off-peak hours and supplies it when the requirement is higher, it said.Shares of Hyundai Motor jumped over 6% while those of Kia added over 2% at market close.

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Hyundai Motor to Buy SoftBank's Stake in Boston Dynamics, Taking Full Ownership
US Markets

Hyundai Motor to Buy SoftBank's Stake in Boston Dynamics, Taking Full Ownership

Hyundai Motor Group (KRX:005380) is set to acquire SoftBank Group's (TYO:9984) remaining stake in robotics developer Boston Dynamics, giving the South Korean automaker full ownership of the US robotics company.The transaction was triggered after SoftBank exercised its put option on its shareholding, according to a Thursday press release.Financial terms of the deal were not disclosed, but according to Bloomberg, the purchase of SoftBank's 9.9% stake was valued at roughly $325 million.According to Korean media reports, SoftBank's stake in Boston Dynamics is estimated at 9.65%.Hyundai said shareholders are reviewing contractual rights and obligations tied to the existing agreements through their internal governance and approval processes.The deal comes as Hyundai, the parent company of its namesake brand Hyundai Motor and Kia Corp (KRX:000270), is building an end-to-end AI robotics value chain combining Boston Dynamics' expertise in AI Robotics with the group's manufacturing capabilities."Through this integrated approach, the Group aims to accelerate the development, validation and commercialization of Physical AI technologies and robotics solutions," Hyundai said.Boston Dynamics, headquartered in Massachusetts, develops machines for industrial automation, manufacturing, inspection, and research.The company unveiled its Atlas robot in 2013. A product version of the robot was recently launched."Atlas reduces human physical burden by performing higher-risk tasks; lays the groundwork for robot commercialization and collaborative human-robot environment," Hyundai said in January.The transaction also comes amid a backdrop of labor tension at Hyundai. A union leader told Reuters that Hyundai and Kia, both developing humanoid robots, appear to be planning to replace human workers with new technologies.In January, Hyundai announced plans to deploy humanoid robots at its US factory in Georgia beginning in 2028.Meanwhile, analysts including Changho Kim at Korea Investment & Securities said the acquisition "would ease Hyundai's concerns over the dilution of its ownership in Boston Dynamics after a potential initial public offering," Bloomberg reported, citing an analyst note.Shares of Hyundai Motor fell 2.5% at market open in Seoul on Friday.

KRX:000270KRX:005380TYO:9984
Asia

Market Chatter: Hyundai Motor Group's Labor Union to Carry Out Three-Day Strike

The labor union of Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270) plans to conduct a three-day partial strike from Monday, The Chosun Daily reported the same day.The strikes will mark the first temporary halt this year, the report said.The union will carry out a four-hour partial strike over a three-day period, with morning and afternoon shifts stopping work for two hours each. The disruption will also involve sales, maintenance, and logistics workers, the report said.Shares of both Hyundai Motor and Kia fell nearly 2% in recent trade.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Hyundai Motor to Establish Waste-to-Hydrogen Facility in South Korea's Cheongju

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), plans to establish a waste-to-hydrogen (W2H) production facility in Cheongju, in South Korea's North Chungcheong province, according to a Thursday release.The new facility, called "HTWO ENERGY Cheongju," is the country's first resource-recycling hydrogen production and charging complex.The 7,500-square-meter plant will produce and supply about 500 kilograms of clean hydrogen per day using biogas extracted from sewage sludge waste generated within the Cheongju region.Shares of Hyundai Motor rose over 4% in recent trade, while those of Kia added nearly 3%.

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Asia

Nomura Adjusts Kia's Price Target to KRW250,000 From KRW240,000, Keeps at Buy

Kia (KRX:000270) has an average rating of buy and mean price target of 229,518.52 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KRX:000270
Asia

Kia Corporation Names Co-CEOs

Kia Corporation (KRX:000270) named Hosung Song and Minsoo Song as co-CEOs, effective Wednesday, according to a same-day filing with the South Korean exchange.Hosung Song was the only CEO of the automaker before the change. Minsoo Song is currently the executive vice president of Kia Corp., head of the domestic production division and chief safety officer, and has previously served as executive vice president and head of Kia AutoLand Hwasung.Shares of Kia added over 2% at market close.

KRX:000270
Asia

Hyundai Motor Group to Invest KRW42 Trillion in South Korea's Yeongnam Region Over 10 Years

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), plans to invest 42 trillion won in South Korea's Yeongnam region over 10 years beginning in 2026, according to a Friday release.The group will invest in AI-defined vehicle manufacturing, core components, AI-driven manufacturing, aerospace and space, and sustainable energy infrastructure. The investments aim to boost future growth, create employment, and support balanced development across Yeongnam, the release said.Shares of Kia added nearly 4% in recent trade.

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International

Kia's Sales Jump 9.5% in June

Kia's (KRX:000270) sales in June rose 9.5% year over year to 295,720 vehicles from 270,027 units a year earlier, according to a company filing with the Korea Exchange on Wednesday.The South Korean automaker's sales in the local market jumped 19% to 54,508 units from 46,003 units, while sales overseas added 7.6% to 240,259 vehicles from 223,377 units, the release said.The sales of special-purpose vehicles jumped 47% to 953 from 647 units in the month from the same period in 2025.Shares of Kia rose nearly 3% at market close.

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Asia

Market Chatter: Hyundai Motor, ChaeVi Team Up to Expand EV Charging

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), and electric vehicles supply equipment manufacturer ChaeVi (KOSDAQ:0011T0) entered a partnership to expand EV charging services in South Korea, Pulse News reported Tuesday.The collaboration will expand plug & charge (PnC) technology to around 1,500 Chaevi EV charging stations across the country, which would allow automatic user authentication, charging, and payment when an EV is plugged in, the report said.Hyundai Motor Group and ChaeVi did not immediately respond to' request for comment.Shares of ChaeVi fell more than 3% at market close, while those of Kia fell nearly 2%.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Asia

Hyundai, Naver Partner on In-Vehicle AI Services

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), will integrate Naver's (KRX:035420) services into its Pleos Connect infotainment system, Naver said in a release.Under the partnership, Naver's AI-powered services, including the Naver app, Naver Maps and Whale Browser, will be embedded in Pleos Connect and future software-defined vehicles (SDVs).Hyundai also unveiled the new Grandeur sedan and Avante compact sedan, both equipped with the Pleos Connect infotainment platform, the release said.Shares of Naver fell nearly 2% in recent trade, while those of Kia fell nearly 1%.

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Asia

South Korean Shares Jump at Open on Tech Stock Revival, Israel-Iran Ceasefire

South Korean stocks opened higher on Tuesday amid a rebound in technology stocks and US President Donald Trump's announcement on Truth Social of a ceasefire between Israel and Iran.The benchmark Korea Composite Stock Price Index, or Kospi, rose 2.85%, or 213.35 points, to open at 7,697.76. The Kosdaq also added 2.88%, or 26.3 points, to open at 937.69.Major heavyweight stocks led the gains in early trading, with Samsung Electronics (KRX:005930) adding over 4%, SK Hynix (KRX:000660) adding more than 6%, and Hyundai Motor (KRX:005380) and Kia (KRX:000270) adding more than 3% and 7%, respectively.

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Asia

Kia's Global Sales in May Rise 2.7%

Kia's (KRX:000270) global sales increased 2.7% year on year in May to 277,715 units from 270,424 in the same month last year, according to a release on Monday.The increase was mainly driven by strong sales of its Sportage and Seltos SUVs, which brought in sales numbers of 52,293 units and 29,208 units, respectively, the release showed.The carmaker's K4 sedan also registered 21,488 units in sales.Kia's sales jumped 3.4% on-year to 232,781 units in overseas markets, but declined 0.6% to 44,713 units at home in May, the South Korean carmaker said.

KRX:000270
Arafura Rare Earths Directors Approve Construction of $1.6 Billion Rare Earths Project
US Markets

Arafura Rare Earths Directors Approve Construction of $1.6 Billion Rare Earths Project

Arafura Rare Earths (ASX:ARU) directors made a final investment decision for the Nolans Rare Earths Project in the Northern Territory, Australia.The decision marks the approval of the construction of the rare earths project, set to be Australia's first fully integrated ore-to-oxide rare earths operation, according to a Thursday disclosure to the Australian Securities Exchange.Arafura will then become Australia's third-largest rare earths producer after Lynas Rare Earths (ASX:LYC), the world's largest producer outside of China, and Iluka Resources (ASX:ILU), Reuters reported separately the same day.Arafura Rare Earths' $1.6 billion project will help deliver 4,440 metric tons of neodymium-praseodymium oxide.The project will supply 1,500 tonnes per annum to South Korea's Hyundai Motor( KRX:005380) and Kia (KRX:000270), equivalent to a 42% offtake.Germany's Siemens Gamesa will purchase 520 tonnes per annum, while Traxys in Europe and North America committed to an 800-tonne offtake.Arafura's decision comes after the Australian government committed AU$1.2 billion for its critical minerals strategic reserve, following confirmation from Canberra that the project will be eligible for the reserve, the Trade and Tourism Ministry said the same day.Export Finance Australia has issued a non-binding letter of support for an offtake of up to 500 tonnes per annum, which will be funded through the reserve.The company also signed investment deals with Germany and Australia for AU$230 million, while the Export-Import Bank of the United States is considering up to $300 million of financing support for the project.The project will create 600 construction jobs and 350 ongoing jobs upon the start of operations.Arafura's project comes as the U.S. is looking to reduce dependence on China for rare earths, the Wall Street Journal reported the same day."The world needs critical minerals, Australia has plenty of them, and we're helping workers and businesses make the most of this big opportunity," Treasurer Jim Chalmers said in a statement.

ASX:ARUASX:ILUASX:LYCKRX:000270KRX:005380
Asia

South Korean Shares Hit New High on Chip, Auto Gains

South Korean shares closed at a new high on Wednesday, after rebounding from the previous day's losses, owing to gains made by chip and automotive stocks.Shares of major market movers Samsung Electronics (KRX:005930), SK Kynix (KRX:000660), Hyundai Motor (KRX:005380), and Kia (KRX:000270) added nearly 2%, 8%, 10%, and about 7% at market close.The Korea Composite Stock Price Index or Kospi increased by 200.86 points, or 2.6%, to end at 7,844.01. The Kosdaq declined by 2.36 points, or 0.2%, to close at 1,176.93.In economic news, the seasonally adjusted unemployment rate in South Korea in April edged up to 2.8% from 2.7% in March, data from Statistics Korea indicated Wednesday.On an annual basis, the unemployment rate remained unchanged.The number of unemployed people fell to 853,000 in April from 854,000 a year earlier.In corporate news, Hanwha Engine (KRX:082740) secured a contract for a ship engine from Hanwha Ocean (KRX:042660), according to a Wednesday filing with the Korean Exchange.The contract, valued at 354.2 billion won, is valid until June 26, 2028.Shares of Hanwha Engine rose nearly 2% at market close.

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Asia Markets

South Korea's Kospi Hits All-Time High; Samsung Rises 6%

South Korea's benchmark index Kospi closed at an all-time high on Monday, with the rally driven by chip giants Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660), which gained over 6% and nearly 12%, respectively.The Korea Composite Stock Price Index or Kospi increased by 324.24 points, or 4.3%, to end at 7,822.24. The Kosdaq finished little changed in negative territory at 1,207.34.In economic news, South Korea's exports surged 43.7% to $18.4 billion in the first 10 days of May from $12.8 billion a year earlier, Monday data from the Korea Customs Service showed.Imports increased 14.9% to $16.7 billion, resulting in a $1.7 billion trade surplus.In corporate news, shares of Hanwha Ocean (KRX:042660) rose 3% after the company secured a 363.2 billion won order for a liquefied natural gas carrier from a Europe-based shipper.In other news, Hyundai Motor Group and Korea Aerospace Industries (KRX:047810) signed a memorandum of understanding to develop advanced air mobility solutions.Shares of Hyundai (KRX:005380) closed 5% higher, while those of Korea Aerospace edged up 2%.

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Asia

South Korean Shares Fall on FOMC's Rate Decision, Oil Price Surge

South Korean shares closed lower on Thursday despite opening at a record high in the day, following the US Federal Reserve's decision to keep the benchmark interest rates unchanged in the range of 3.50% to 3.75%.This hawkish interpretation of the Federal Open Market Committee (FOMC) took into account the ongoing Middle East conflict and high energy prices, which led to rates being held steady at Jerome Powell's final policy announcement before his term as Fed chief ended on May 15.In addition, increasing global oil prices also took a toll on investor sentiment, with Brent crude hitting an intraday high of $126.41 per barrel--its highest since June 2022-- while West Texas Intermediate (WTI) briefly surpassed $110.The Korea Composite Stock Price Index or Kospi fell 92.03 points, or 1.4%, to end at 6,598.87. The Kosdaq also declined by 27.91 points, or 2.3%, to close at 1,192.35.In economic news, South Korea's overall industrial output increased 0.3% month-on-month in March, decelerating sharply from a 5.3% monthly rise in February, according to data from Statistics Korea released Thursday.The construction and public administration indices fell by 7.3% and 3.3%, respectively, in March from the prior month, while the index for the service, mining and manufacturing industries added 1.4% and 0.3%, respectively.Total industrial production increased by 3.6% in March from the same month in 2025, after a 2.3% yearly decline in February.In corporate news, Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), entered a multi-year partnership with the Georgia Institute of Technology to jointly develop hydrogen mobility solutions, according to a Thursday release.The agreement is expected to advance hydrogen-powered transportation, boost applied research, and hasten the use of zero-emissions vehicles in Georgia, it said.Shares of Hyundai Motor fell nearly 5% at market close, while those of Kia fell over 3%.

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