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March 15, 2016 - Hyundai Motorsport has today revealed that its test and development driver Kevin Abbring will compete in three rounds of the 2016 FIA World Rally Championship (WRC) in a fourth car, starting with Rally de Portugal and Rally Italia Sardegna.
Kevin Abbring will drive the latest specification of the 2015 Hyundai i20 WRC, the same car that Hayden Paddon used in the Monte-Carlo 2016 season opener, wearing the #10. Alongside co-driver Seb Marshall, Abbring competed in five WRC events last year, showing his potential as he memorably ran as high as second place in the France Rally.
Abbring hopes to accelerate his learning curve across successive events while striving to achieve the best possible overall result for the Hyundai Mobis World Rally Team. His third competitive rally of 2016 has not yet been decided.
Abbring said: “I am very excited to have the first two of my three rallies this year in Portugal and in Sardinia. The two rallies are right after one another so I should benefit from the momentum going from one event to the next. My objective for Rally de Portugal will be to get into the rhythm as soon as possible and then achieve a top-ten classification. We will be starting with the 2015 car, but that won’t matter for these events. I have rallied in Portugal and Sardinia twice each, four or five years ago. It has been a while so I am very excited to be back in the car again. One of my future targets is to do all rallies in the Championship but, for the moment, I have a huge job with developing two cars - the New Generation i20 WRC and the R5 car.”
Abbring has spent the start of 2016 carrying out development of the New Generation i20 R5 customer motorsport car for Hyundai Motorsport’s new Customer Project. He has also been instrumental in development of the New Generation i20 WRC that has taken two podium results in the three opening rounds of the new WRC season.
March 11, 2016 - Hyundai Motor officially announced the ‘Corporate Governance Charter’ at the 48th Annual General Meeting of Shareholders today. The charter is part of Hyundai Motor’s efforts to enhance transparent business management and promote shareholder rights. During the shareholders’ meeting, Hyundai Motor also presented activities and future plans of the Corporate Governance and Communication Committee.
The Corporate Governance Charter will enhance transparent business management by ensuring professionalism and independence of the Board of Directors. The charter illustrates Hyundai Motor’s commitment to promoting rights and interests of shareholders.
More specifically, the charter is composed of five sections including Shareholder, Board of Directors, Audit, Stakeholder and Disclosure. Each section articulates specific details such as composition, operation, roles and other details.
In particular, the Board of Directors section specifies the composition, roles, and direction of the Corporate Governance and Communication Committee, which was established last April within the Board of Directors as an independent decision-making committee composed of four outside directors to promote shareholder rights.
According to the charter, the committee will review major management issues related to protecting shareholder rights such as shareholder returns and dividends, and continuously communicate with shareholders.
Moreover, the annual activities of Corporate Governance and Communication Committee will be disclosed in various channels such as Hyundai Motor’s Sustainability Report to allow access to all shareholders.
Hyundai Motor established the Corporate Governance Charter to raise credibility among shareholders and utilize it as the basis of its business management activities. Going forward, employees will concentrate efforts to root shareholder-friendly policies and transparent management based on the founding principles of the charter.
The Corporate Governance and Communication Committee has been conducting activities to enhance communication by explaining the purpose and role of the committee and listening to opinions of stakeholders. In particular, Hyundai Motor accompanied Dr. Youjae Yi, a Professor of Seoul National University and a committee member in charge of promoting shareholder-friendly policies, to hold the first ‘Non-Deal Roadshow (NDR)’ with 25 institutional investors in Europe and Asia. Moreover, Hyundai Motor has visited leading providers of corporate governance solutions such as ISS (Institutional Shareholder Services) to gather ideas on ensuring professionalism and independence of the Board of Directors.
These activities are also being reflected in major management issues. Hyundai Motor has decided to pay out dividends of 4,000 KRW which includes Hyundai Motor’s interim dividend of 1,000 KRW. This is a 33.3% increase compared to last year. Moreover, the audit report which was disclosed a week before the shareholders’ meeting has been disclosed two weeks before starting from this year. Issues regarding the appointment of external audits will be directly reported at the shareholders’ meeting to provide information in a swift and transparent manner.
Starting from this year, Corporate Governance and Communication Committee will strive to build a friendly environment for shareholders in order to meet global standards. The committee plans to accelerate efforts in protecting shareholder rights and interests by holding more meetings with shareholders, regularly inviting specialists for education sessions, disclosing activities in various channels, minimizing the time difference in disclosing Korean and English materials and actively reflecting shareholders’ opinions in decision-making processes.
Professor Youjae Yi presented the committee’s activities and future plans at the shareholders’ meeting. “The committee will focus on building a shareholder-friendly environment that meets global standards by gradually raising shareholder returns, enhancing communication among shareholders, increasing transparency and strengthening professionalism,” said Professor Yi.
The contents of Corporate Governance Charter were established at the Board of Directors meeting held on February. The charter will also be posted on the Hyundai Motor Korean (http://pr.hyundai.com) and English (http://worldwide.hyundai.com) websites.
March 7, 2016 - Hyundai Motor Company and video game publisher and distributor Bigben Interactive announces a major partnership for the eSports WRC Championship, a global tournament using ‘WRC 5’, the official FIA World Rally Championship (WRC) video game.
Hyundai Motor Company will support Bigben Interactive in promoting eSports WRC Championship, by offering a premium Hyundai i20 to the winner of the global tournament at WRC Wales Rally GB this October.
“We are very excited to expand our involvement in motorsports through the gaming industry,” said Scott Noh, Director of Hyundai’s Overseas Marketing Group. “Our partnership with Bigben will provide a platform where people can experience the excitement and joy of rallying. We expect the tournament to definitely add another fun element in online racing competition. We wish good luck to all of the contestants and look forward to who will win the grand prize,” added Noh.
After a long and exciting year of qualifications, the best 18 drivers will fight for the title during an on-site final at Wales Rally GB from October 27 to October 30, 2016. As well as becoming the first eSports WRC Champion, the winner will take home an incredible prize of a Hyundai i20 car.
“We are very proud to partner with Hyundai Motor for our eSports WRC,” said Benoît Clerc, Head of Software at Bigben Interactive. “eSports WRC is a big challenge for us as creating a virtual tournament which runs simultaneously to the calendar of an official FIA competition is something never seen in the gaming industry. As an innovative company, Hyundai Motor will support us by providing a marvellous prize for the winner of the most exciting online racing competition,” added Clerc.
The battle for the eSports world title brings the best ‘WRC 5’ video game drivers together for a tournament which started at Rallye Monte-Carlo in January and ends in Wales. Each round takes place in parallel to a real-life WRC round, putting players in the boots of WRC stars like Thierry Neuville, Dani Sordo and Hayden Paddon as they feel the excitement and the pressure of fighting for vital tenths of a second in difficult and challenging conditions.
More information can be found on http://www.wrcthegame.com/ and http://play.eslgaming.com/wrc
March 4, 2016 – Hyundai Motor has been named as a major partner for the 20th Biennale of Sydney, the largest contemporary visual arts exhibition in Asia Pacific. Under the theme of The future is already here — it’s just not evenly distributed, the biennale (18 March - 5 June 2016) is expected to articulate Hyundai Motor’s unwavering dedication to supporting global art communities. The exhibition will take place at seven iconic venues across Sydney.
During the biennale, Hyundai Motor is supporting a program of major exhibitions and projects, including Festival Days at historical Cockatoo Island, one of the main venues presenting the seven ‘Embassies of Thought’ collections. The embassies are inspired by the unique locations and individual histories of each venue, with the World Heritage-listed island hosting the Embassy of the Real. The former convict settlement and shipyard offers a space for artists to explore how we perceive reality in our increasingly digitized era.
Won Hong Cho, Chief Marketing Officer, Hyundai Motor said, “Art has the power to shape the way we see ourselves. As a major partner of the Biennale of Sydney, our mission is to create paths for more people to explore the international landscape of current discourses on art and humanity.”
Festival Days on Cockatoo Island – supported by Hyundai is a new program for this year’s biennale, inviting families and people of all ages to take a free ferry trip from Campbell’s Cove Wharf (The Rocks) to Cockatoo Island, for three Sundays during the exhibition (April 3, May 1, May 29). On these days, visitors are able to take part in guided tours, including art insight talks or art-making stations inspired by artists.
In total, there will be 83 artist teams exhibiting at the seven venues across Sydney, including Korean artists Lee Bul and Minouk Lim, both of whom are also global artists outside of Korea. In addition to the seven main exhibitions, the biennale also offers various other ‘in-between projects’ around the city, including site-specific projects, forums, seminars and training programs to provide visitors from around the world access to discussions on contemporary art for the three-months of the biennale.
The partnership continues Hyundai’s global commitment to creating better access to art for people and is part of a unique series of long-term relationships that the company has established with leading art institutions around the world. Hyundai Motor has also initiated partnerships with the National Museum of Modern and Contemporary Art Korea (MMCA), the Los Angeles County Museum of Art (LACMA) and Tate Modern in the United Kingdom.
With MMCA, Hyundai Motor’s ‘MMCA Hyundai Motor Series’ offers a decade-long platform along with international forums, archives, and publishing for Korean artists. LACMA’s ‘Art + Technology’ collaboration continues with the Rain Room installation created by London-based artist collective Random International and a comprehensive exhibition by ground breaking artist Diana Thater. At Tate Modern in London, artist Abraham Cruzvillegas was selected for the Hyundai Commission’s inaugural exhibition, followed by French video artist Philippe Parreno who will take on for the second annually commissioned exhibition project at Turbine Hall in late 2016.
March 4, 2016 – Hyundai Motor, South Korea's largest automaker, reports its domestic and overseas sales results for February 2016.
1. Commercial Vehicles (CV) include LCV, buses and trucks. 2. Hyundai Motor currently has overseas plants in Brazil, China, the Czech Republic, India, Russia, Turkey and the U.S. 3. Domestic Production relate to the vehicles produced in Korea for the overseas markets. 4. Domestic Sales is based on retail sales while Overseas Sales is based on shipments.
[Highlights] - Global sales in February 2016 totals 336,200 units – a decrease of 6.6% YoY. - Global sales declines due to gloomy economic situations in emerging markets. - Surging sales of Genesis G90 reaches a total of 2,476 units in Korea this month.
Breakdown of Overseas Shipment
* ‘Consignment (EU)’ includes the amount of vehicles produced by Karsan (Turkish commercial vehicles manufacturer) on consignment.
[Highlights] - Elantra perseveres sales increase in the U.S. in line with economic recovery. - Czech and Turkey plants post positive shipment figures as models including Tucson, i10 and i20 gain popularity in the European market - Sales figures reveal a solid performance in India as Grand i10 vanguards a strong growth. - Brazil and Russia plants post monthly recovering figures due to strengthened sales promotions despite unfavourable market situations.
© 2016 HYUNDAI MOTOR COMPANY