005380.KS - Hyundai Motor Company

KSE - KSE Delayed Price. Currency in KRW
139,000.00
-1,000.00 (-0.71%)
At close: 3:30PM KST
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Previous Close140,000.00
Open139,500.00
Bid139,000.00 x 0
Ask139,500.00 x 0
Day's Range138,500.00 - 141,000.00
52 Week Range133,000.00 - 170,000.00
Volume697,859
Avg. Volume523,263
Market Cap28.781T
Beta0.90
PE Ratio (TTM)N/A
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield4,000.00 (2.53%)
Ex-Dividend Date2017-12-27
1y Target EstN/A
  • Reuters3 days ago

    Exclusive - Canada PM raps possible U.S. auto tariffs, says linked to NAFTA

    A move by the United States to explore tariffs on auto imports is based on flimsy logic and is part of the pressure from Washington to renegotiate the NAFTA trade pact, Canadian Prime Minister Justin Trudeau said on Wednesday. In an interview with Reuters, Trudeau said that while U.S. President Donald Trump had raised the idea of punitive measures, there was no guarantee they will happen. Trudeau also predicted talk of tariffs would likely disappear if slow-moving negotiations to update the North American Free Trade Agreement - currently stuck on autos issues - are successful.

  • Reuters3 days ago

    U.S. launches auto import probe, China says will defend interests

    The Trump administration has launched a national security investigation into car and truck imports that could lead to new U.S. tariffs similar to those imposed on imported steel and aluminum in March. Higher tariffs could be particularly painful for Asian automakers including Toyota Motor Corp, Nissan Motor Co , Honda Motor Co and Hyundai Motor Co , which count the United States as a key market, and the announcement sparked a broad sell-off in automakers' shares across the region.

  • Reuters3 days ago

    U.S. Commerce Department will probe whether auto imports hurt national security

    WASHINGTON (Reuters) - The U.S. Commerce Department said on Wednesday it will open a so-called Section 232 investigation into whether imports of vehicles and auto parts harm national security. "There ...

  • Reuters3 days ago

    U.S. Commerce Dept will probe whether auto imports hurt national security

    The U.S. Commerce Department said on Wednesday it will open a so-called Section 232 investigation into whether imports of vehicles and auto parts harm national security. "There is evidence suggesting that, for decades, imports from abroad have eroded our domestic auto industry," Commerce Secretary Wilbur Ross said in a statement. "The Department of Commerce will conduct a thorough, fair, and transparent investigation into whether such imports are weakening our internal economy and may impair the national security," he said.

  • Reuters4 days ago

    Trump may impose tariffs on car imports in latest trade move - sources

    The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law used to impose tariffs on aluminium and steel, an administration official and three industry officials briefed on the matter said. Another administration official said the move was aimed partly at pressuring Canada and Mexico to make concessions in talks to update the North American Free Trade Agreement that have languished in part over auto provisions, as well as pressuring Japan and the European Union, which also export large numbers of vehicles to the United States.

  • Reuters4 days ago

    Trump may impose tariffs on car imports in latest trade move -sources

    The Trump administration is considering a proposal to impose new tariffs on imported vehicles, invoking a national security law used to impose tariffs on aluminum and steel, an administration official and three industry officials briefed on the matter said. Another administration official said the move was aimed partly at pressuring Canada and Mexico to make concessions in talks to update the North American Free Trade Agreement that have languished in part over auto provisions, as well as pressuring Japan and the European Union, which also export large numbers of vehicles to the United States.

  • Hyundai's Restructure Plan Successfully Blocked by Elliot Management
    Bloomberg5 days ago

    Hyundai's Restructure Plan Successfully Blocked by Elliot Management

    Bloomberg's David McCombs reports on an overhaul at Hyundai Motor Group. He speaks on "Bloomberg Daybreak: Asia." (Source: Bloomberg)

  • The Wall Street Journal6 days ago

    Hyundai Car-Parts Affiliate Calls Off Deal Opposed by U.S. Hedge Fund

    SEOUL—South Korean auto-parts maker Hyundai Mobis Co. abruptly called off its planned restructuring, handing an early victory to U.S. activist hedge fund Elliott Management Corp., which had led the opposition to the deal. Hyundai Mobis had pitched the deal, under which it would sell a chunk of itself to shipping and logistics affiliate Hyundai Glovis Co., as “the best choice…to strengthen future competitiveness.” But investors and analysts widely saw it as a scheme to strengthen the shareholding position of the heir apparent of Hyundai Motor Group, 47-year-old Chung Eui-sun. Mr. Chung is vice chairman of Hyundai Motor Co., the crown jewel of Hyundai Motor Group.

  • Reuters6 days ago

    Hyundai Motor Group scraps revamp plan in victory for hedge fund Elliott

    South Korea's Hyundai Motor Group has shelved a restructuring plan which would have given the son of its ageing chairman more control of the conglomerate, following opposition from investors including U.S. hedge fund Elliott Management Corp. The decision is a rare victory for an activist shareholder in South Korea, and comes at a time of growing public scrutiny of families controlling large conglomerates following a corruption scandal last year involving the Samsung Group. Auto parts maker Hyundai Mobis Co Ltd , which controls Hyundai Motor Co , on Monday cited "uncertainty" about shareholder support for a restructuring plan at a meeting next week.

  • Financial Times6 days ago

    [$$] Foreign funds force Hyundai to ‘re-evaluate’ $8.8bn restructuring

    to better enhance the Group’s business competitiveness and corporate governance as well as to strengthen shareholder value,” Hyundai Motor said in a statement. for support for the restructuring, which could have strengthened the Hyundai founding family’s control over key units.

  • Hyundai Motor Caves in to Elliott, Scraps $8.8 Billion Deal
    Bloomberg6 days ago

    Hyundai Motor Caves in to Elliott, Scraps $8.8 Billion Deal

    Hyundai Motor Group bowed to pressure from billionaire Paul Singer’s Elliott Management Corp. by shelving a controversial $8.8 billion deal, marking an unprecedented victory for shareholder activists in South Korea. The group’s Hyundai Mobis Co. unit on Monday withdrew a proposal to sell two of its most lucrative businesses to affiliate Hyundai Glovis Co., Mobis Chief Executive Officer Young-Deuk Lim said in a letter to investors on Monday. The company, originally scheduled to put the matter to a shareholders’ vote on May 29, will seek approval for an updated restructuring plan at a later date, he wrote.

  • Bloomberg10 days ago

    Billionaire Activist Needs Pensioners' Help to Fight Auto Dynasty

    The last time South Korea’s $580 billion National Pension Service voted against billionaire Paul Singer, it helped trigger a sequence of events that ended with the imprisonment of the fund’s chairman and the impeachment of the nation’s president. Now comes the sequel, this time featuring Singer’s campaign to invoke significant changes at Hyundai Motor Group, the world’s fifth-largest automaker. The state-controlled NPS is at the center of this fight because of its combined $2.7 billion in holdings in the pair of Hyundai units -- parts maker Hyundai Mobis Co. and logistics provider Hyundai Glovis Co. The world’s third-biggest sovereign pension fund is in a bind because the family-run conglomerate needs its support to complete the proposed merger, but new President Moon Jae-in’s administration now runs the NPS and he vowed to curb the influence that Korea’s business elite holds over the country.

  • Financial Times10 days ago

    [$$] Hyundai Motor chief pleads for investor support in proxy fight

    Hyundai Motor’s executives are appealing for support for a restructuring aimed at strengthening the founding family’s control over key units, after two influential proxy advisory firms opposed the plan.  ...

  • Reuters10 days ago

    Toyota, Hyundai, Ford lead 9.6 percent European car sales gain

    PARIS (Reuters) - European car sales rose 9.6 percent in April, led by Toyota , Hyundai and Ford (F.N), and boosted by an increase in the number of business days, according to industry data published on ...

  • Elliott and the Art of Nonsense Hyundai Numbers
    Bloomberg12 days ago

    Elliott and the Art of Nonsense Hyundai Numbers

    More often than not, beauty is in the eye of the beholder where valuations are concerned. As Paul Singer’s activist investment firm Elliot Management Corp. circles Hyundai Motor Group, proxy advisory firms Glass Lewis & Co. and Institutional Shareholder Services Inc. have urged investors to vote against a restructuring plan put forward by the South Korean conglomerate. Glass Lewis said a planned spin-off and merger between two Hyundai units has “questionable business logic,” undervalues assets, and appears designed to benefit the founding family. Elliott, responding to the chaebol’s underwhelming March proposal, has called on Hyundai to establish an efficient holding company structure, cancel treasury shares, and return more than 12 trillion won ($11.2 billion) of cash to shareholders.

  • Reuters12 days ago

    Hyundai overhaul hits another roadblock with ISS opposition

    SEOUL/NEW YORK (Reuters) - Opposition to Hyundai Motor Group's proposed new ownership structure grew on Tuesday with two major U.S. proxy advisers urging investors to reject a plan they said would benefit family members but not minority shareholders. Under the deal announced in March, Mobis would spin off its module and after-service parts businesses, which would then be merged with logistics firm Hyundai Glovis Co Ltd .

  • Elliott Wins Allies in Blocking Hyundai Motor's Restructure Plan
    Bloomberg12 days ago

    Elliott Wins Allies in Blocking Hyundai Motor's Restructure Plan

    Two influential proxy advisory firms have thrown their support behind Elliott Management Corp.’s opposition of an $8.8 billion deal between two Hyundai Motor Group units, signaling more hurdles for an overhaul that may help the founding family’s patriarch pass control of the South Korean conglomerate to his son. Glass Lewis & Co. and Institutional Shareholder Services Inc. have come out against the restructuring plan, which calls for the automotive giant to sell some of its businesses to affiliate Hyundai Glovis Co. ISS said in a report Tuesday that although the transactions are compliant with South Korean laws, the deal appears to be unfavorable for Hyundai Mobis Co. shareholders. The criticisms are a setback for the group’s heir apparent, Vice Chairman Euisun Chung, as he prepares for Korea’s biggest proxy fight since Samsung Group narrowly defeated billionaire Paul Singer’s Elliott by muscling through a controversial merger of two units nearly three years ago.

  • ‘Made for China' Is Hyundai's New Mantra
    Bloomberg14 days ago

    ‘Made for China' Is Hyundai's New Mantra

    Hyundai Motor Co.’s designers are working overtime to add zing and connected features to its cars. The company is expanding a 25-member China design group with an aim to double its size and bring it on par with teams in Europe and California, said Simon Loasby, who runs the team. South Korea’s biggest carmaker posted a 31 percent drop in China sales last year after a political dispute and the lack of new, high-tech models kept buyers away from its showrooms.

  • Insects Help Hyundai Heir Design Cars of the Future
    Bloomberg14 days ago

    Insects Help Hyundai Heir Design Cars of the Future

    Hyundai Motor Group’s vice chairman, Chung Eui-sun, is counting on bugs and holograms to help the South Korean automaker stay relevant amid a flood of electric-vehicle startups, ride-sharing services and driverless cars. During an exclusive interview at ZER01NE, an innovation center in Seoul where Hyundai incubates startups and designers, the 47-year-old Chung said parts affiliate Hyundai Mobis Co. will help lead the world’s fifth-largest automaker into the future. Chung, whose grandfather started the Hyundai empire in 1947 as a construction company, needs to revive a carmaker that delivered its lowest profit in a decade because of slumping sales in China and the U.S.— the two biggest markets.

  • Financial Times14 days ago

    [$$] Activists smell possible victory in Hyundai showdown

    The AGM will be closely watched by investors as a shareholder veto of the $8.8bn merger would thwart a restructuring plan involving 56 units and more than $200bn in assets, disrupting the succession plan of the country’s second-largest conglomerate.

  • Hyundai Uses Pyeongchang Olympics to Show Off New Self Driving Car
    Bloomberg16 days ago

    Hyundai Uses Pyeongchang Olympics to Show Off New Self Driving Car

    Hyundai Motor is using the Pyeongchang Olympics to show off its new self driving car, reports @soheefication #tictocnews (Source: Bloomberg)

  • Reuters16 days ago

    U.S. activist fund Elliott to vote against Hyundai restructuring plan

    U.S. activist fund Elliott Management said it will vote against Hyundai Motor Group's restructuring plan and urged other shareholders to reject the proposal to reform South Korea's second-largest conglomerate. A Hyundai Motor Group executive responded that the proposed arrangements to simplify the automaker's complex ownership structure would not change and promised higher returns for shareholders. "Elliott is one of many people who express their opinions," Cheong Jin-haeng, president of Hyundai Motor Group, told reporters on the sidelines of an industry event.

  • U.S. activist fund Elliott to vote against Hyundai restructuring plan
    Reuters16 days ago

    U.S. activist fund Elliott to vote against Hyundai restructuring plan

    U.S. activist fund Elliott Management said it will vote against Hyundai Motor Group's restructuring plan and urged other shareholders to reject the proposal to reform South Korea's second-largest conglomerate. A Hyundai Motor Group executive responded that the proposed arrangements to simplify the automaker's complex ownership structure would not change and promised higher returns for shareholders. "Elliott is one of many people who express their opinions," Cheong Jin-haeng, president of Hyundai Motor Group, told reporters on the sidelines of an industry event.

  • Hyundai's Restructure Plan Successfully Blocked by Elliot Management
    Bloomberg Video5 days ago

    Hyundai's Restructure Plan Successfully Blocked by Elliot Management

    May.21 -- Bloomberg's David McCombs reports on an overhaul at Hyundai Motor Group. He speaks on "Bloomberg Daybreak: Asia."

  • Hyundai Pledges to Boost Shareholders Returns Amid Pressure
    Bloomberg Video16 days ago

    Hyundai Pledges to Boost Shareholders Returns Amid Pressure

    May.10 -- Bloomberg's Sohee Kim reports on the latest news from Hyundai Motors. She speaks on "Bloomberg Markets."