The SsangYong Rodius is an MPV released in late 2004 by the South Korean automaker SsangYong Motor Company. Rodius is an inaccurate portmanteau of the words road and Zeus, intended to mean "Lord of the Road." It is available in 7, 9 and 11 seat configurations, a 5-seater version is available in Hong Kong. The seats can be folded further to add extra cargo area, they can be sided forward and backward. The engines are the Mercedes-Benz licensed 3.2 L 6-cylinder gasoline engine and the 2.7 L 5-cylinder common rail diesel engine. The diesel engine was criticised as'old-school' and'dated', but praised for'solid Mercedes underpinnings'; the car was designed by Ken Greenley, former head of the automotive design course at the Royal College of Art in London. The design goal was to capture the essence of a luxury yacht. In August 2008, the Rodius received a facelift which reduced criticism concerning its appearance, however the styling was still panned. Afterwards, because of poor popularity, the Rodius was discontinued in Europe without a direct successor on December 31, 2011.
However, on July 2, 2012, the Rodius returned with the new name Rodius Euro which comes with the e-XDi200 diesel engine that produces 155PS of power, available with either a 6-speed MT or a 5G-Tronic automatic unit sourced from Mercedes-Benz. The manual transmission was criticised by reviewers for a poor gearchange; the car was criticised on release by many reviewers for poor build quality, refinement, performance, safety and interior finish, but praised for its space, value for money, low price, number of seats, after-sales service, the availability of four-wheel-drive, Mercedes-Benz mechanicals, generous warranty terms. Many were used as airport taxis due to the generous warranty and large space available, enabling the car to transport entire families while carrying luggage. In the mass media, the vehicle received some negative reviews of its aesthetics, with many describing it as the'ugliest car ever'. Described by pundits as an'R-Class with Down's Syndrome' and'awkward-looking', the styling was unanimously derided by contemporary reviewers as'curious','no oil painting','pot-bellied','abysmal','distinctive','challenging','hideous','disgusting','controversial','oddball','outrageous','strange','weird','unusual','peculiar','pig-ugly','gopping', an'ocular insult' with a'gormless face','barn-door' rear-end,'shopping-trolley wheels', and'grotesquely oversized front features','put together by three blind mice'.
The styling was notably condemned by Top Gear regarding the appearance of the standard wheel trims and'gloopy front', saying that'the whole rulebook on what is ugly has been rewritten'. As a follow-up, the car won the 2009'WTF' award from Top Gear Magazine, which said that it'looks like it got bottled in a pub brawl and stitched back together by a blind man'. Jeremy Clarkson described the car as a coupe and a removal van'nailed together in the most unholy merger since Caligula fell in love with his horse', with'wheels... the size of Smarties', while Richard Hammond criticised it as'rather ugly'. Due to its appearance, the car was dubbed the'Odious Rodius' by automotive journalists, some of which described the car as a'surprised hippopotamus' that was'so ugly it could frighten small children'; the car was voted by readers of the Daily Telegraph as the ugliest car on the road, taking 29% of the vote, commenting that'even its own mother would call it ugly'. In Australia, the car was described by the Sydney Morning Herald as looking like'a collapsing bus shelter', by Wheels as'having a face like a burnt thong'.
In response to this criticism, SsangYong denied that the car was ugly, replied that the vehicle'comes with a strong emotional component that will make it the focus of attention wherever it goes'. In 2017, Top Gear attempted to realise Greenley's design aspirations by marrying a pre-facelift Rodius with a boat chassis to create a luxury yacht, sailing it in Monaco; the second generation Rodius, called the Korando Turismo in South Korea, was revealed on February 5, 2013 and was first shown at the 2013 Geneva Motor Show with sales commencing soon after. The new model comes in nine-, ten- or eleven-seat configurations and offers up to 3,240 liters of cargo volume. Powering the new Rodius/Korando Turismo is a 2.0-liter turbodiesel engine connected to either a 6-speed manual gearbox or a 5-speed Mercedes-Benz-sourced automatic transmission. The current 2016+ Turismo offers an updated 7-speed Mercedes-Benz e-Tronic gearbox with the same 6-speed manual available; the 2016+ Turismo complies with Euro VI emissions standards.
The car is based on the same platform as its predecessor. This generation of the car is badged as the Turismo in the United Kingdom due to the negative reception of the previous model in the UK regarding its styling. In March 2014, the second generation Stavic was awarded “2014 Car of the Year – Best MPV Design” by Grand Prix, the most famous automotive magazine in Thailand, at the 35th Bangkok International Motor Show 2014; the styling was praised as a significant improvement on its predecessor. In July 2018, a facelift version was launched with similar headlights, new front grille, new front front bumper, resigned bonnet, redesigned front fenders, new steering wheel and new infotainment unit. Official website
The Mando Corporation, with headquarters in Seoul, Korea, is the largest global Tier 1 Korean Original Equipment Manufacturer and supplier to General Motors, Ford, Chevrolet, Kia Motors Company, Volkswagen, BMW, Hyundai Motor Company, many other global automobile distributors. It has an annual profit topping over 6 billion USD every year, it is owned and run by the original founding parent company, Halla Group. It was handed over to Halla by Sunsage B. V, a daughter company of JP Morgan. In 2014, Mando was split into two companies, with the legal successor changing its name to Halla Holdings and a new entity named Mando being created; this was done to create a holding company. Mando has three main areas of business: Steering parts, Brake parts, Suspension parts. Mando has opened a joint-venture company with Hella, to produce ABS sensor software algorithm. Additionally, Mando is part of a Halla Group. Which is composed of Automobile, Investment banking, Ground transportation, Education and sports and Entertainment companies with over 10,000+ employees around the world.
These companies are all part of the same ownership under one CEO. Mando was created under the original founder of Halla Business Group, Mr. Chung In-Yung, a younger brother of Chung Ju-Yung, on 1 October 1962; the company was named Hyundai International Inc. and changed its name to Mando Machinery Corporation in February 1980. In 1988, Mando opened the Brake System Plant in Pyeongtaek and two years opened the Munmak Steering System Plant. By 1995, Mando Machinery had a suspension system plant in Iksan as well as a dedicated R&D center. Mando America Corporation was founded in 1996. In 1999, during the financial crisis, Mando was sold to Sunsage and was promptly renamed as Mando Corporation. Halla Group repurchased Mando Corporation subsequently; as of 2013, Mando Corporation has six affiliated locations in the United States within Michigan and Georgia. Its headquarters is in South Korea, its affiliates have a 1300-employee presence in South America. It is projected that Mando's affiliates will employ 2,400 employees in the United States alone by 2017.
In the overall scope, Mando Corporation has corporate offices, research & development facilities, assembly lines, casting plants, other various functions worldwide such as China, Brazil, Japan, Germany, Poland and Malaysia. Worldwide, the manufacturer employs over 10,000+ workers, has an annual revenue of more than $6 billion. Mando Corporation provides advanced and quality brakes and steering parts to General Motors, Chrysler, Nissan, Kia, Suzuki and many other automobile manufacturers worldwide. Mando products include - Brake Systems- Drum Brake - Master Cylinder & Booster - ABS, ESC, AHB - EPB, MoC Steering Systems- Steering Gear System - Manual Steering Gear - Hydraulic Power Steering Gear - Intermediate shaft - Steering Column - Electric Power Steering Suspension Systems- Damper Spring Module - Shock Absorber - Suspension Strut - Self-Levelizer - Semi-Active Suspension Driver Assistance Systems- Smart Cruise Control - Lane Keeping Assist System - Smart Parking Assist System - Blind Spot Detection - Autonomous Emergency Braking Electronics-Iron Casting- Power Pack - Yaw & G Sensor - Ultrasonic Sensor - Torque Sensor - Torque Angle Sensor - 77 GHz/24 GHz Radar - Front Camera Module In 2016, Mando was served with two separate patent infringement lawsuits from Bosch GmbH and Jaguar Land Rover Limited for multiple products.
This is in addition to Nexteer Automotive Corporation v. Mando America Corporation alleging trade secret theft and other numerous claims. Mando is not new to lawsuits as it has faced lawsuits regarding various discrimination claims in the past. Http://scholar.google.com/scholar_case?case=18183302257506439022&hl=en&as_sdt=6&as_vis=1&oi=scholarr http://www.law360.com/cases/57229cee5ff24a0458000002 http://www.autonews.com/article/20160930/COPY01/309309899/bosch-sues-s.-koreas-mando-in-u.s.-on-alleged-patent-infringements https://www.pacermonitor.com/public/case/2493480/Claude_Short_v_Mando_American_Corporation http://www.employmentlawblog.info/2013/09/kidd-v-mando-american-corp-no-12-12090-11th-cir-sept-27-2013.shtml
Seoul the Seoul Special City, is the capital and largest metropolis of South Korea. With surrounding Incheon metropolis and Gyeonggi province, Seoul forms the heart of the Seoul Capital Area. Seoul is ranked as the fourth largest metropolitan economy in the world and is larger than London and Paris. Strategically situated on the Han River, Seoul's history stretches back over two thousand years, when it was founded in 18 BCE by the people of Baekje, one of the Three Kingdoms of Korea; the city was designated the capital of Korea under the Joseon dynasty. Seoul is surrounded by a mountainous and hilly landscape, with Bukhan Mountain located on the northern edge of the city; as with its long history, the Seoul Capital Area contains five UNESCO World Heritage Sites: Changdeok Palace, Hwaseong Fortress, Jongmyo Shrine and the Royal Tombs of the Joseon Dynasty. More Seoul has been a major site of modern architectural construction – major modern landmarks include the N Seoul Tower, the 63 Building, the Lotte World Tower, the Dongdaemun Design Plaza, Lotte World, Trade Tower, COEX, the IFC Seoul.
Seoul was named the 2010 World Design Capital. As the birthplace of K-pop and the Korean Wave, Seoul received over 10 million international visitors in 2014, making it the world's 9th most visited city and 4th largest earner in tourism. Today, Seoul is considered a leading and rising global city, resulting from the South Korean economic boom - referred to as the Miracle on the Han River - which transformed it into the world's 7th largest metropolitan economy with a GDP of US$635.4 billion in 2014 after Tokyo, New York City and Los Angeles. International visitors reach Seoul via AREX from the Incheon International Airport, notable for having been rated the best airport for nine consecutive years by the Airports Council International. In 2015, it was rated Asia's most livable city with the second highest quality of life globally by Arcadis, with the GDP per capita in Seoul being $39,786. Inhabitants of Seoul are faced with a high cost of living, for which the city was ranked 6th globally in 2017.
Seoul is an expensive real estate market, ranked 5th in the world for the price of apartments in the downtown center. With major technology hubs centered in Gangnam and Digital Media City, the Seoul Capital Area is home to the headquarters of 15 Fortune Global 500 companies, including Samsung, LG, Hyundai. Ranked sixth in the Global Power City Index and Global Financial Centres Index, the metropolis exerts a major influence in global affairs as one of the five leading hosts of global conferences. Seoul has hosted the 1986 Asian Games, 1988 Summer Olympics, 2002 FIFA World Cup, more the 2010 G-20 Seoul summit; the city has been known in the past by the names Wiryeseong, Hanseong, Keijō. During Japan's annexation of Korea, "Hanseong" was renamed "Keijō" by the Imperial authorities to prevent confusion with the hanja'漢', which refers to Han people or the Han dynasty and in Japanese is a term for "China", its current name originated from the Korean word meaning "capital city", believed to have descended from an ancient word, which referred to Gyeongju, the capital of Silla.
Ancient Gyeongju was known in documents by the Chinese-style name Geumseong, but it is unclear whether the native Korean-style name Seorabeol had the same meaning as Geumseong. Unlike most place names in Korea, "Seoul" has no corresponding hanja. On January 18, 2005, the Seoul government changed its official Chinese name from the historic Hancheng, still in common use, to Shou'er. Settlement of the Han River area, where present-day Seoul is located, began around 4000 BCE. Seoul is first recorded as the capital of Baekje in the northeastern Seoul area. There are several city walls remaining in the area. Pungnaptoseong, an earthen wall located southeast Seoul, is believed to have been at the main Wiryeseong site; as the Three Kingdoms competed for this strategic region, control passed from Baekje to Goguryeo in the 5th century, from Goguryeo to Silla in the 6th century. In the 11th century Goryeo, which succeeded Unified Silla, built a summer palace in Seoul, referred to as the "Southern Capital".
It was only from this period. When Joseon replaced Goryeo, the capital was moved to Seoul, where it remained until the fall of the dynasty; the Gyeongbok Palace, built in the 14th century, served as the royal residence until 1592. The other large palace, constructed in 1405, served as the main royal palace from 1611 to 1872. After Joseon changed her name to the Korean Empire in 1897, Hwangseong designated Seoul; the city was surrounded by a massive circular stone wall to provide its citizens security from wild animals and attacks. The city has grown beyond those walls and although the wall no longer stands, the gates remain near the downtown district of Seoul, including most notably Sungnyemun and Heunginjimun (commonly known as Dong
Hankook Tire is a South Korean tire manufacturer based in Seoul, South Korea. Hankook Tire is the 7th largest tire company in the world. In addition to Hankook brand, it owns Laufenn and Kingstar tire brands. Hankook Tire was found in 1941 as the first automobile tire company in Korea, it changed its name to Hankook Tire corporation in 1953. The word "Hankook" means Korea, thus Korea Tire Company. In 1979, Daejeon facility, which specializes in the production of radial tires, was built as part of Hankook Tire’s strategic investment in the future. In the 1980s, Hankook Tire increased the supply of radial tires through Daejeon plant to expand exports to the United States and Europe. In 1990s, Hankook Tire continued to expand production capacity. By strengthening technical skills and developing a competitive edge based on efficient production processes, Hankook Tire succeeded in entering the overseas original equipment tire market. In 1991, Hankook Tire signed its first contract with Volkswagen to supply OE tires.
Hankook Tire established technology research centers in key overseas regions to increase technological capacity and supply products efficiently to each region. Centers were established in the United States in 1992, Germany in 1997, China in 1998 to acquire a competitive edge in global markets. In 2001, Hankook Tire built a distribution center in Europe, a new tire production plant in Hungary in 2006, considered the most technologically advanced facility in the world at that time; as part of corporate branding strategy in 2004, Hankook Tire created ”Driving Emotion” as brand slogan to show commitment and confidence in providing drivers around the world with the best “Driving Emotion” experience beyond simple mobility, one, based on world-class technology and a global network. As part of the process of creating a global brand, Hankook Tire has participated in major global and overseas Motorsports competitions to build a unified corporate image and establish a global brand system. Hankook Tire has improved brand status by strengthening global marketing and sports sponsorship, have formed automotive partnerships with top European car companies such as Audi.
In 2011, as part of the 70th Anniversary, Hankook Tire started building production facilities in Chongqing and Bekasi, Indonesia. In addition, Hankook Tire was named the official tire for Deutsche Tourenwagen Masters in Germany, the largest Motorsports competition in the world. In 2012, Hankook Tire began supplying OE tires for the new BMW 3 series, became the official sponsor for the UEFA Europa League; the next year, Hankook Tire was chosen as original equipment supplier for new Mercedes-Benz S-Class. In 2016, Hankook Tire was selected as original equipment supplier for the all new BMW 7 Series, signed a sponsorship agreement with Real Madrid C. F. In addition, the company opened Hankook Technodome. In 2017, Hankook Tire celebrated the grand opening of Tennessee Plant in the U. S; these are quoted from Hankook Tire's global website. Production Capacity: 102 million units Revenue: KRW 6.7955 trillion in 2018 Global Network: Local offices in 30 countries, 5 R&D centers located in Korea, USA, Germany and Japan Production Facilities: 8 production facilities in Korea, Hungary, Indonesia and USA.
Geumsan, South Korea Daejeon, South Korea Jiangsu, China Jiaxing, China Chongqing, China Rácalmás, Hungary Bekasi, West Java, Indonesia Clarksville, United States Employees: About 22,000 Distribution Network: Available in over 180 countriesThrough sales in more than 180 countries around the world, Hankook Tire is ranked seventh in global sales revenue. The company has more than 22,000 employees in 4 regional headquarters, more than 28 overseas subsidiaries and 5 research and development centers around the world, makes 70 percent of its revenue through overseas markets; as the official partner of Deutsche Tourenwagen Masters since 2011, Hankook Tire has been creating a lasting impression of excellence among drivers around the world for its technological skills and strong brand value. DTM is an intense international racing competition where premium German car brands AUDI, BMW, the British brand Aston Martin compete to showcase their automotive technologies and driving skills. Since its inaugural season in 1984, DTM has been promoted as a touring car championship which demands a higher level of technological standard.
Races are held in Germany, Italy and United Kingdom and are broadcast on TV in more than 175 countries. As the official tire supplier to this world-class Motorsports competition, Hankook Tire’s technology is on par with the best in the world. Participating in a race that pushes the limits of a car’s performance to its extremity, Hankook Tire embraces the challenge of delivering the world’s highest quality tires so that the DTM fans around the world can enjoy the competition and cheer for their favorite team; as an official corporate sponsor of the Formula European Masters, which offers race enthusiasts heated competition between talented young drivers, Hankook Tire supplies quality performance tires which are recognized as top in the world. Internationally recognized as a preeminent race competition, the Formula European Masters serves as a gateway to F1, current F1 champions such as Michael Schumacher, Sebastian Vettel and Lewis Hamilton have all competed in this series and secured the top position on the podium Along with supplying high-performance tires, Hankook Tire has sponsored talen
Hyundai Hysco, or HYSCO is a steel company of Hyundai Motor Group, established in 1975, headquartered in Ulsan, South Korea. They are a manufacturer of various steel pipes, its corporate office is located in Seoul, it operates in Ulsan in South Korea with operations worldwide. Hyundai Hysco operates a steel pipe facility in Korea, eleven overseas processing centers, three overseas offices internationally. Hyundai Hysco was established under the name Kyung-il Industrial Co. Ltd. in 1975. The company was renamed to Hyundai Pipe Co. Ltd. in 1980 soon after the completion of its full-scale steel pipe plant in 1979. As a scheme to be a leading steel company in the global market, the company was renamed once again to Hyundai Hysco in February 2001. In November 1982, two years after the steel pipe plant was built, Hyundai Hysco was awarded the'US$100 Million Export Tower' in November 1982. In 1997, the company set a new record in the steel industry by producing over 10 million tons of steel pipes. For over 20 years, Hyundai Hysco has been the leading company in the Korean steel pipe industry.
After taking the largest market share in the steel pipe industry, they entered the market for cold rolled products, which require the highest level of technology among other sectors of the steel industries. Hyundai Hysco has begun the commercial production of cold rolled products in April 1999. Since Hyundai Hysco set numerous records in the area of cold rolling, rewriting the history of Korean steel industries. Hyundai Hysco's achievements include the building of a full capacity system in less than one year from the commencement of commercial production and producing 5 million tons of automotive steel products in five years. In 2004, Hyundai Hysco took over an old and standstill works, Hanbo Steel, in Dangjin, in a consortium with Hyundai Steel. By taking over the old and abandoned works and completing the normalization in 2006, Hyundai Hysco not only build the 4 million tons of cold rolling capacity per year, but contributed to the Korean economy. Hyundai Hysco now operates Global Steel Service Center, Automotive Parts Business, Steel Pipe Products,and Resource Development as four core business after partial merger with Hyundai Steel in 2013.
Ulsan works. Hysco has eleven overseas steel service centers in total. There are four steel service center in China, one in India, four in Europe, two in US. Hysco has three sales office in Houston,LA in US and Tokyo in Japan. Lastly Hysco operates ASPI office in India to produce automotive pipe with Sumitomo. 1975.03 Established Kyung-il Co. Ltd. 1979.05 Completed construction on the steel pipe mill 1980.05 Changed name to Hyundai Pipe co. LTD. 1981.10 Obtained mill approval by Lloyd's Register of Shipping 1997.04 Started construction on the cold rolling mill 1999.03 Completed construction on the cold rolling mill 2000.11 Received Three Hundred Million-Dollar Export Award 2001.01 Changed company name to Hyundai Hysco 2003.11 Completion of Beijing Factory 2004.10 Opening of Dangjin Factory 2005.01 Exceed 10 million tons cold rolled steel sheet production 2005.05 Started commercial production of Hydroforming product 2006.01 Completed establishment of PCI system 2006.08 Completion of Dangjin Factory 2007.01 Completion of Jiangsu Factory 2007.08 Completion of India Factory 2008.01 Transferred to Seoul Jamwon Office Building 2013.12 Partial merger with Hyundai Steel for Cold-Rolled Sheet reorganization Auto parts Economy of South Korea Hyundai Mobis Hyundai Motor Company Hyundai Motor Group Kia Motors List of steel producers Hyundai Hysco Homepage
Hyundai Motor Group
The Hyundai Motor Group is a South Korean multinational conglomerate headquartered in Seoul, South Korea, it is the largest car manufacturer in the country. According to the Organisation Internationale des Constructeurs d'Automobiles, it was the world's third-largest vehicle manufacturer by production volume in 2016, behind Japanese Toyota and German Volkswagen Group; the group was formed through the purchase of 51% of South Korea's second largest car company, Kia Motors, by Hyundai Motor Company in 1998. As of December 31, 2013, Hyundai owns 33.88% of Kia Motors. The Hyundai Kia Automotive Group refers to the group of affiliated companies interconnected by complex shareholding arrangements, with Hyundai Motor Company regarded as the de facto representative of the group, it is the second largest South Korean chaebol or conglomerate, after Samsung Group, related to other Hyundai-name industries following a specialized development split and restructuring which resulted in Hyundai Motor group, Hyundai Heavy Industries Group, Hyundai Development Company Group, Hyundai Department Store Group, Hyundai Marine & Fire Insurance.
Following several years of rapid growth, the Group sold 8.01 million vehicles in 2015, falling short of its sales target. In 2017 the Group sold 7.25 million vehicles, the lowest since 2012. "Always There for You" "Drive your Way" "Driving is believing" "Prepare to want one" "New Thinking. New Possibilities." "Better drives us" Hyundai Motor Company Kia Motors Genesis Motor Hyundai Steel Hyundai BNG Steel Hyundai MOBIS Hyundai TRANSYS Hyundai MSEAT Hyundai IHL Hyundai KEFICO Hyundai WIA Hyundai PARTECS Hyundai AUTRON Hyundai MNSOFT Hyundai Engineering & Construction Hyundai Engineering Hyundai Rotem Hyundai Wia Hyundai Wia Innocean Worldwide NGV Corporation Eco Energy Hyundai Glovis Hyundai AutoEver Hyundai MNSoft e-HD.com Mozen Hyundai Autoever America Hyundai Capital Hyundai Card Hyundai Motor Securities Haevichi Jeonbuk Hyundai Motors FC FIFA World Cup UEFA Euro Korea Football Association International Ski Federation International Cricket Council Indian national cricket team A-League Olympique Lyonnais PFC CSKA Moscow Millonarios Fútbol Club National Football League Hyundai Motorsport ICC Champions Trophy Hyundai Tournament of Champions FIS Ski Jumping World Cup FIS Ski-Flying World Championships FIS Nordic World Ski Championships Carlton Football Club Brisbane Lions Raja Club Athletic Wydad Athletic Club Kia Tigers FIFA World Cup UEFA European Championship Copa America National Basketball Association Liga ACB FITA Archery World Cup Kia Classic Australian Open South Korea national speed skating team Sociedade Esportiva Palmeiras Surrey County Cricket Club Williams F1 Team Essendon Football Club Rafael Nadal Kia World Extreme Games Ulsan Mobis Phoebus Cheonan Hyundai Capital Skywalkers Suwon Hyundai E&C Volleyball Team Incheon Hyundai Steel Red Angels Hyundai Economy of South Korea List of Korean car makers List of Korea-related topics Official website
Hyundai Glovis Co. Ltd. is a logistics company headquartered in Seoul, South Korea and part of the Hyundai Kia Automotive Group. Its predecessor company, Hankook Logitech Co. Ltd was formed in February 2001. Hyundai Glovis supplies ocean transportation logistics advice, cargo space, loading/unloading, packaging services, it changed its name to Hyundai Glovis in June 2003. The meaning of the name Glovis comes from a portmanteau that combines together the two words "Global - Vision". Hyundai Glovis main business areas in South Korea and internationally are finished vehicles distribution by Roll-on/roll-off ocean shipping, air transportation, inland truck transportation, logistics consulting and packaging services, as well as supply chain management services. Since 2011, the company has launched an auto parts recycling business, named "OnECO," that consists of distribution of reused and remanufactured auto parts; the company fleet includes 55 Pure Car and Trucks carriers and 36 bulk carrier ships, deployed on 13 different service routes globally.
On 1 November 2013 the Port of Le Havre welcomed Glovis maiden port stay in France. Mv Glovis Condor called the port on her way from Gothenburg to Southampton to load and unload cargo used trucks and military vehicles destined to Middle East. On 23 November 2014, Glovis announced the acquisition of the Polish logistics specialised distributor Adampol; the company owns 611 Car carrier trailer trucks, manage 600 loads per day, has a total staff of over 1300 employees. The main business is storage, pick up from ports and distribution of new cars within Eastern Europe and Russia, with an average of 400,000 cars delivered per year to the final dealers, for brands such BMW, General Motors and Volkswagen. On 16 June 2016 the company reaffirmed their intention not to support the Federal government of the United States demands to employ or charter US flagged vessels; the American Government has suggested on a number of occasions the opportunity to reflag or hiring vessels registered in US, to carry military equipment on Glovis' ballast leg from US to South Korea.
However, due to costs involved, the South Korea's Ministry of Oceans and Fisheries politely declined. On 27 December 2016, mv Glovis Corona faced a serious near miss, due to severe weather conditions in Europe North Sea; the vessel listed of 15 degrees, caused by cargo movements in the holds, when cars and high and heavy cargo broke their lashings, dangerously moving within the decks. The accident took place when mv Glovis Corona was sailing from Hamburg to Gothenborg, having to stop close to Bremerhaven anchorage. On 30 December a berth was granted at Bremrehaven, to discharge 1800 cars, to further ballast to the keel. Owing to the situation, the export voyage had to be cancelled and the cargo bookings rolled to another sailing. On 15 February 2018 mv Glovis Spring run aground within the Paracel Islands waters; the vessel was sailing from Singapore to Hong Kong, with over 3400 brand new European manufactured cars on board, when ended up in shallow waters related to the shifting of landfill materials arranged by the Chinese authorities, summed up with extreme low tide sea conditions.
Two Chinese companies proposed to assist with the maritime salvage promptly sending divers and tugboats. The operation was awarded to a joint venture formed by Messrs Ardent and Guangzhou Salvage. Mv Glovis Spring was refloated, made free 4 days after the grounding. On Monday 21 May 2018 mv Auto Banner, part of Glovis tonnage, caught fire while alongside Incheon port, due to overheating of one of the vehicle just loaded on board, destined to Libya; the crew of 28 had to be evacuated from on board, while fire brigades proceeded to extinguish the fire from sea and air. Mv Auto Banner was built in 1988, used to be part of STX Pan Ocean fleet; the ship resulted in good conditions, according to a recent port state inspection performed in January 2018 in Portland, US. In August 2018, Hyundai Glovis inaugurated transporting container via the Transsiberian Railway, after shipping them via sea to Vladivostok. Hyundai Glovis expects to cut the transit time from 43 days by ship on the southern route around the Eurasian landmass, via the Strait of Malacca, the Suez Canal and the Strait of Gibraltar, to 22 days by rail via Vladivostok.
The 22 days are composed of "two days from Busan to Vladivostok. South Korean governments since Park Geun-hye have worked for this goal. For this purpose, on June 7, 2018, South Korea became an official member of the Organization for Cooperation of Railways. "South Korea's official membership in the OSJD", Heo Seung wrote on June 8, 2018 in Hankoryeh, "means it will be able to take part in the operation of 280,000km of international railway lines in Eurasia, which include the Trans China Railway and Trans-Siberian Railway. OSJD members are entitled to transport passengers and freight without the need for separate agreements with countries where the railways pass through." Hyundai Glovis official site