KRX:005380

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.)