KRX:005380

Market Chatter: Hyundai Motor Introduces 2027 Ioniq 5 EV in South Korea

Hyundai Motor (KRX:005380) introduced the 2027 Ioniq 5 EV in the domestic market, equipped with advanced safety features, Yonhap News reported Tuesday.The product's 2027 lineup is priced between 47.4 million won and 61.5 million won, the report said.The Long-Range version has been reorganized into five trims, E-Lite, Modern, Premium, Inspiration, and N Line. Whereas, the Standard version is now being offered in a single E-Value+ trim, it said.Shares of Hyundai Motor fell nearly 3% 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.)

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.

Market Chatter: Fire Breaks Out at Hyundai Mobis' India Plant; Shares Decline 4%

A fire broke out at auto parts maker Hyundai Mobis' (KRX:012330) Chennai plant in southeastern India Sunday afternoon, destroying the firm's automotive electronics components manufacturing facility, Yonhap News reported Monday.No personnel were harmed in the incident.The fire is expected to only lead to some temporary issues in vehicle production, Hyundai Motor's (KRX:005380) Indian subsidiary said. The carmaker is currently evaluating the damage with Hyundai Mobis and looking into other suppliers and alternative measures to ensure a steady supply chain and subdue operational issues, according to Yonhap News.Shares of Hyundai Mobis and Hyundai Motor fell over 4% 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.)

South Korea's Kospi Opens Lower as Rising Crude Oil Prices Stoke Inflation Fears

South Korean shares opened lower on Tuesday as a Wall Street tech slump and rising crude oil prices, driven by stalled US-Iran negotiations, raised inflation fears.The benchmark Korea Composite Stock Price Index, or Kospi, fell 1.2%, or 90.38 points, to open at 7,425.66. The Kosdaq increased marginally to open at 1,111.36.Major market movers Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), and Hyundai Motor (KRX:005380) were trading 3.2%, 3%, and 8.1% lower in Tuesday morning trade.West Texas Intermediate crude futures climbed back to $107 a barrel on Monday, while Brent crude increased closer to $111, as uncertainty over US-Iran negotiations renewed concerns over its impact on supply disruptions in global energy markets.Prospects for an agreement have dimmed after reports said Iran's revised proposal fell short of US expectations. Washington considers the plan inadequate to secure a deal that would end the Middle East conflict and restore normal shipping, while Iranian officials argue US demands remain overly stringent.The Dow Jones Industrial Average gained 0.32%, while the broader S&P 500 inched down 0.07% and the tech-laden Nasdaq Composite fell 0.51%.

South Korean Shares Open at New High as Tech, Auto Stocks Track US Rally

South Korean shares opened higher on Thursday, owing to gains made by technology and automotive stocks and an overnight rally on Wall Street.The benchmark Korea Composite Stock Price Index, or Kospi, added 0.4%, or 29.9 points, to open at 7,873.91. The Kosdaq also increased by 10.09 points to open at 1,187.02.Major market movers, chipmaker Samsung Electronics (KRX:005930) and automaker Hyundai Motor (KRX:005380) added nearly 4% and 3%, respectively, in Thursday morning trade.The tech-laden Nasdaq Composite added 1.2% on Wednesday, and the S&P 500 added 0.58%, while the Dow Jones Industrial Average shed 0.14%. Losses in telecommunications, utilities, and financials sectors dragged stocks lower.Investors kept a close eye on US-China talks this week, as US President Donald Trump arrived in Beijing on Wednesday for a state visit, marking his second in-person meeting with Xi Jinping since October 2025 and the first visit to China by a US president in nine years.Trump is expected to seek China's support in pressuring Iran to advance peace negotiations and reopen the Strait of Hormuz to shipping traffic, according to a Guardian report.However, earlier this week, the US imposed sanctions on several Chinese firms accused of supporting Iranian oil shipments and offering satellite imagery allegedly used in Iranian military operations. Beijing has denied these allegations. Trump's visit also follows Iranian Foreign Minister Abbas Araghchi's trip to Beijing last week.

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.

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%.

Market Chatter: Hyundai Motor Introduces New Infotainment System Pleos Connect, Eyes Launch in May

Hyundai Motor (KRX:005380) introduced Pleos Connect, its new infotainment system that is inspired by Tesla's minimalist design, and comes with a wide central touchscreen, Bloomberg reported Thursday.The next-generation infotainment system incorporates the voice assistant Gleo AI, which can understand regular conversations. The system is expected to be launched in South Korea in May before being launched globally, according to the report.Shares of Hyundai Motor fell nearly 5% at market close.(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.)

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%.

Hyundai Motor Group, Georgia Institute of Technology Enter Multi-Year Partnership for Hydrogen Mobility Solutions

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.Under the partnership, Hyundai Motor North America will donate four NEXO fuel cell electric SUVs, and Hyundai Motor Group will donate a hydrogen electrolyzer project, which will be used exclusively on campus, the release said.Shares of Hyundai Motor fell more than 3% in recent trade, while those of Kia fell over 2%.

Market Chatter: Hyundai Motor Aims to Double China's Share of Global Vehicle Sales to 9% by 2030

Hyundai Motor (KRX:005380) plans to double China's share of its global vehicle sales to 9% by 2030 from its current 4%, Bloomberg News cited company CEO José Muñoz at an interview at the Beijing auto show on Friday.The automaker targets annual sales of about 500,000 vehicles in China by the end of 2030, and will launch 20 new models to help with the same, the report said.In addition, to better compete with local rivals, the automaker will partner on self-driving technology with Chinese firms such as ByteDance and Momenta, while jointly working on new models under an 8 billion yuan joint venture with BAIC Group, it said.Hyundai Motor will also collaborate with Contemporary Amperex Technology to boost vehicle performance, the report said.Shares of the automaker fell nearly 4% at market close.(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.)

South Korean Shares End Flat on Friday as Investors Weigh Middle East Tensions

South Korean shares closed flat on Friday as investor sentiment remained muted amid little progress in the U.S.-Iran conflict resolution.President Donald Trump said the US had total control of the Strait of Hormuz and had ordered the U.S. Navy to shoot and kill boats laying mines in the strait, while Iran has also reportedly reactivated its air defense systems.The Korea Composite Stock Price Index or Kospi fell 0.18 points to end at 6,475.63. The Kosdaq increased by 29.53 points, or 2.5%, to close at 1,203.84.Investors particularly purchased shipbuilding stocks such as HD Korea Shipbuilding & Offshore Engineering (KRX:009540) and Samsung Heavy Industries (KRX:010140), which offset the declines by major technology and automotive stocks such as Samsung Electronics (KRX:005930), Hyundai Motor (KRX:005380), and Kia (KRX:000270).In corporate news, Hana Financial Group (KRX:086790) plans to retire about 1.8 million treasury shares, valued at 200 billion won, according to a Friday filing with the Korea Exchange. Shares of the group rose 2% at market close.In other news, GigaVis (KOSDAQ:420770) secured a contract to supply semiconductor substrate inspection and repair equipment to domestic chip substrate manufacturers, according to a Friday filing with the Korean Exchange. Shares of the industrial machinery and electronic parts manufacturer jumped more than 9% at market close.

Nomura Adjusts Hyundai Motor's Price Target to KRW640,000 from KRW650,000, Keeps at Buy

Hyundai Motor's Net Attributable Income Declines in Q1

Hyundai Motor (KRX:005380) posted first-quarter net income attributable to shareholders of 2.335 trillion won, down 26% from 3.157 trillion won a year earlier, according to a Thursday filing with the Korea Exchange.Sales rose 3.4% year over year to 45.9 trillion won from 44.4 trillion won.Shares of the automaker fell nearly 2% at market close.

Market Chatter: Samsung Workers to Hold Rally Amid Labor Unrest

About 37,000 unionized Samsung Electronics (KRX:005930) workers plan to participate in a rally on Thursday in South Korea, Reuters reported on the same day.The protest will be held at the South Korean company's chip complex in Pyeongtaek, the report said.In March, unionized Samsung workers authorized a strike in May over wage disputes.Shares of Samsung rose more than 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.)

Kospi Hits All-Time High on Diplomatic Hopes Resurgence

South Korea's primary stock market index Kospi closed at a new high on Tuesday as investors were hopeful about the possibility of a second round of negotiations between the US and Iran to end the conflict in the Middle East.The Korea Composite Stock Price Index or Kospi rose 169.38 points, or 2.7%, to end at 6,388.47. The Kosdaq also increased by 4.18 points, or 0.4%, to close at 1,179.03.The Bank of Korea appointed Hyun Song Shin as its new governor on Tuesday, who took over the top financial role from Rhee Chang-yong, according to a Bank of Korea press release.Hyun will lead the central bank's monetary policy and board over the next four years. He will ​chair his first policy meeting on May 28.In corporate news, SGC Energy (KRX:005090) posted first-quarter net income attributable to shareholders of 4.5 billion won, reversing the attributable net loss of 2.8 billion won a year earlier, according to a Tuesday filing with the Korea Exchange.Sales of the South Korean energy generation company were down 1% year over year to 612 billion won from 618.5 billion won.Shares of SGC Energy rose nearly 4% at market close.In other news, GMB Korea (KRX:013870) signed a contract to supply electric water pumps to Hyundai Motor (KRX:005380) and Kia (KRX:000270), according to a Tuesday filing with the Korea Exchange.The contract, valued at 128.9 billion won, is valid till Dec. 31, 2034.Shares of the motor vehicle parts and accessories company rose 2% at market close, while those of Hyundai Motor added nearly 4% and Kia gained nearly 2%.

GMB Korea to Supply Electric Water Pumps to Hyundai Motor, Kia; Shares Rise 4%

GMB Korea (KRX:013870) signed a contract to supply electric water pumps to Hyundai Motor (KRX:005380) and Kia (KRX:000270), according to a Tuesday filing with the Korea Exchange.The contract, valued at 128.9 billion won, is valid till Dec. 31, 2034.Shares of the motor vehicle parts and accessories company rose 4% in recent trade, while those of Hyundai Motor added over 2% and Kia gained more than 1%.

Market Chatter: South Korean AI Chip Firm DeepX Eyes 2026 IPO, May List in the US

South Korean on-device AI chip company DeepX is planning an initial public offering (IPO) after concluding its ongoing funding round ​in the ​first ⁠half of 2026, Reuters reported Wednesday.DeepX plans to appoint banks for its IPO, and may also seek a US listing after its domestic listing, according to Reuters.DeepX makes semiconductor chips that run AI tasks on devices, and has partnered with companies such as Hyundai Motor (KRX:005380) and Baidu (HKG:9888), the report said.(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.)