Hyundai

• Major South Korean conglomerates, including Samsung, SK Group, and Hyundai Motor Group, have expanded their AI and semiconductor partnerships with U.S. Big Tech firms. • The total value of these strategic collaborations is estimated to reach approximately $950 billion. • These alliances are critical for securing advanced chip supply chains and accelerating the development of next-generation AI technologies.

• Thailand secured a dominant 5-0 victory over 10-man Laos in their Asean Hyundai Cup Group B opening match. • Malaysia overcame an early deficit to defeat Myanmar 2-1, driven by two goals from Paulo Josué. • These results establish early momentum for Thailand and Malaysia as they compete for progression in the tournament group stage.

• Defending champions Vietnam will begin their title defense for the Asean Hyundai Cup 2026 this Friday, July 24. • Led by coach Kim Sang-sik, the Vietnamese squad will face qualifiers Timor-Leste in their opening Group A match held in Chonburi. • The tournament features a competitive field including teams from Cambodia, Singapore, and Indonesia, marking a significant regional football event.

• South Korean prosecutors have indicted HD Hyundai Oilbank and two of its officials for their involvement in a massive price-fixing scheme. • The case is estimated to be worth 26 trillion won (approximately $17 billion) and allegedly occurred following the outbreak of the US-Iran war. • This legal action highlights the government's crackdown on market manipulation within the domestic refining industry to protect consumers from artificial price hikes.

• Hyundai Motor America has announced its first-ever sponsorship of the BET Awards and the BET Experience 2026. • The partnership aims to align the automotive brand with one of the most influential celebrations of Black culture, music, and creativity. • This strategic move allows Hyundai to increase its visibility and engagement within the Black community through a high-profile entertainment platform.

Focus on business dealings with mining company Guadalajara rally to highlight fate of ‘disappeared’Hyundai will be targeted by protesters at a rally before the Group A game between Mexico and South Korea in Guadalajara on Thursday, due to the World Cup sponsor’s business dealings with the South American mining company Ternium.A 2025 report from the environmental group Mighty Earth criticised Hyundai’s involvement in what they described as a “dirty steel supply chain”, as the South Korean motor company is a major buyer of iron ore from Ternium for use in steel production. Ternium has faced repeated criticisms for its destructive environmental impact and corporate governance policies from campaign groups, as well as its alleged links to the disappearance of two Mexican activists. Continue reading...