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  Hyundai Motor Group Expands U.S. Presence as Rivals Cut EV Spending Global automakers are slowing electric vehicle investment and trimming production in North America, but Hyundai Motor Group is moving in the opposite direction, expanding investment and leaning more heavily on hybrids. Industry watchers say the strategy is helping Hyundai and Kia stay competitive as the pace of the EV transition cools. According to the auto industry on Monday, Stellantis, which has operations in Europe and the United States, has entered a restructuring phase as it revises February 9, 2026
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  Jeju Air Returns to Profit After Five Quarters, Citing More Next-Gen Jets Jeju Air returned to an operating profit for the first time in five quarters. The airline said Monday it posted fourth-quarter 2025 revenue of 474.6 billion won and operating profit of 18.6 billion won. Revenue rose 5.4% from a year earlier, and operating results swung to a profit. For all of 2025, revenue fell 18.4% from the previous year to 1.5799 trillion won. The company reported an operating loss of 110.9 billion won. Jeju Air attributed the fourth-quarter improvement to a larger February 9, 2026
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  South Korea’s Kim Sang-gyeom Wins Olympic Silver in Men’s Parallel Giant Slalom Kim Sang-gyeom, a snowboarder who kept chasing his Olympic dream while working construction day jobs to make ends meet, has won a long-awaited silver medal at age 37. Kim took silver in the men’s parallel giant slalom final at the 2026 Milan-Cortina d’Ampezzo Winter Olympics on Feb. 8 (Korea time) at Livigno Snow Park in Italy. It was the first medal for South Korea’s team at these Olympics. Kim’s path to the podium was marked by years of financial strain. As a child, he struggled with February 9, 2026
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  Dong-A Socio Holdings 2025 Operating Profit Rises 19.1% to 97.8 Billion Won Dong-A Socio Holdings said it posted solid results last year on broad-based growth across major subsidiaries. The company said Monday that its consolidated operating profit rose 19.1% from a year earlier to 97.8 billion won. Revenue increased 7.2% to 1.4298 trillion won. In the fourth quarter, revenue rose 14.7% to 371.9 billion won, while operating profit fell 26.4% to 16.0 billion won from the same period in 2024. Healthcare subsidiary Dong-A Pharmaceutical reported revenue of 726.3 b February 9, 2026
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  Korea Sports Council to Run Official Website for 2026 Milan-Cortina Winter Olympics The Korea Sports Council said Monday it will operate an official website during the 2026 Milan-Cortina d’Ampezzo Winter Olympics to provide information on South Korea’s athletes and the competition. The special site will feature official athlete profiles, event schedules, real-time results and past Olympic records. Schedules and results will be delivered quickly and accurately through an information link with the International Olympic Committee. Athlete interviews, on-site Team Korea upda February 9, 2026
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  Hyundai Motor Group Falls to No. 4 Outside China as BYD Overtakes in EV Sales Hyundai Motor Group was overtaken by China’s BYD in electric vehicle sales last year in the global market excluding China. According to market research firm SNE Research on Sunday, BYD sold 627,000 EVs outside China last year, up 141.8% from a year earlier. That put BYD in third place by automaker, ahead of Hyundai Motor Group’s 609,000. Volkswagen ranked No. 1, delivering 1.266 million vehicles, up 60.0%. Tesla was No. 2 with 1.01 million, down 10.7%. It was the first time Hyundai February 9, 2026
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  Stellantis Korea to Offer Voluntary Buyouts for First Time in Three Years Stellantis Korea will offer voluntary buyouts for the first time in three years as weak domestic demand persists and its parent company’s performance worsens. According to the auto industry on Monday, Stellantis Korea has recently begun accepting applications from employees. The program covers about 70 workers in the national sales division, which handles sales and marketing for brands including Peugeot and Jeep. There are no age or tenure limits. The company said the process is based ent February 9, 2026
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  South Korea Auto Industry Urges Fast Passage of U.S. Investment Special Act Amid Export Uncertainty The South Korean auto industry urged lawmakers to quickly pass the proposed “Special Act on Strategic Investment Management Between South Korea and the United States.” The Korea Automobile & Mobility Association (KAIA) said in a statement Monday that the industry is increasingly uneasy after reports that the U.S. government is considering raising tariffs on major items, including automobiles, from 15% back to 25%. KAIA said the move is being discussed because of delays in passing the s February 9, 2026
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  KAI Signs $101.4 Billion-Won FA-50PH Support Contract With Philippines Korea Aerospace Industries (KAI) said Monday it has signed a performance-based logistics (PBL) contract with the Philippine Department of National Defense for FA-50PH fighter jets. The contract is worth about 101.4 billion won and runs through 2028, the company said. KAI said it previously signed a one-year PBL pilot contract worth 27 billion won with the Philippines in December 2024, the first such deal with an export customer. It said the pilot delivered stable operations and high air February 9, 2026
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  Hanwha Aerospace posts record 3 trillion won operating profit in 2025 Hanwha Aerospace said in a regulatory filing on Monday that it posted 26.6078 trillion won ($26,607.8 billion) in revenue last year and 3.0345 trillion won ($3,034.5 billion) in operating profit. The figures were up 137% and 75%, respectively, from a year earlier, marking a third straight year of record results. The company attributed the gains to steady growth in its ground defense and aerospace businesses, as well as the full-year consolidation of Hanwha Ocean into its financial statemen February 9, 2026