Tag: auto parts

auto parts

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4 carmakers to recall over 530,000 vehicles due to faulty parts

Hyundai Motor, Kia and two other carmakers will voluntarily recall over half a million vehicles in Korea to address defective components, the Ministry of Land, Infrastructure and Transport said Wednesday.

2026.4.22

Korens EM's headquarters in Busan [YONHAP]

Prosecutors drop Korens trade secret leakage case with SNT Motiv

A trade secret leakage case against three employees at Korens and its affiliate Korens EM, both auto parts manufacturers, has been closed, ending the three-year legal dispute with market rival SNT Motiv.

2025.8.11

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Cars wait to be exported at a port in Pyeongtaek, Gyeonggi. [YONHAP]

‘Nothing short of a death knell’: U.S. tariffs hit small auto firms harder

U.S. tariffs severely impact Korean auto parts manufacturers, putting jobs in danger.

2025.8.10

Automobiles for export are parked at a port in the southeastern port city of Ulsan on Jan. 14. [HYUNDAI MOTOR]

U.S. sets process to expand auto parts subject to 25% tariffs

The U.S. Commerce Department has established a process to include more imported automobile parts in the list of those subject to 25 percent tariffs, its release showed Thursday, a move that could affect Korea's auto part industry.

2025.6.27

An Ioniq 5 with Hyundai Mobis' e-Corner system makes a zero-radius turn with 90-degree rotating wheels [HYUNDAI MOBIS]

Hyundai Mobis beats consensus with $630 million in Q1 net profit

Hyundai Mobis posted a consensus-beating 841.8 billion won ($630 million) in net profit in the first quarter helped by surging parts orders of electric vehicles.

2023.4.26

Hyundai Mobis President Cho Sung-hwan speaks about the company's vision during the CES 2023, which held in Las Vegas earlier in the month [HYUNDAI MOBIS]

Hyundai Mobis reports record revenue in 2022, lower-than-expected net profit

Hyundai Mobis reported lower-than-expected net profit in 2022, impacted by the rising raw material costs.

2023.1.27

Hyundai Mobis reorganizes planning, production

Hyundai Mobis established two manufacturing-dedicated subsidiaries, the auto parts maker said Monday.

2022.11.14

Hyundai Mobis' Georgia plant [HYUNDAI MOBIS]

Hyundai Mobis reports lower-than-expected net profit in Q3

Hyundai Mobis reported lower-than-expected net profit in the third quarter mainly due to the rising raw material costs.

2022.10.28

Hyundai Mobis establishing two production subsidiaries

Hyundai Mobis is establishing two subsidiaries that will focus on the production, the auto parts maker said Thursday.

2022.8.18

Nine Korean auto parts makers make the Top 100 list

Nine Korean companies made it on the list of the top 100 auto parts companies compiled by U.S.-based Automotive News, based on their 2020 revenues.

2021.8.11