EU Chip Industry Faces Growing Risks From China Export Controls and U.S. Technology Dependence: Report 
Switch Seeks $2 Billion Funding at Nearly $50 Billion Valuation Ahead of Potential IPO 
South Korea Warns Won Is Undervalued, Boosts FX Coordination With Japan 
Asian Currencies Stay Under Pressure as Dollar Holds Near 13-Month High Ahead of U.S. Jobs Report 
US Dollar Rises as Fed Rate Outlook Stays Hawkish, Euro Slips and Yen Near 40-Year Low 
UK House Prices Hold Steady in June as Annual Growth Misses Forecasts 
Nike Q4 Earnings Beat Estimates as Wholesale Growth Offsets Direct Sales Weakness 
Mary Daly Says AI Uncertainty Clouds Fed Rate Outlook Despite Restrictive Policy 
Kioxia Bets on AI Memory Boom With Next-Gen NAND Production in Japan 
Gold Price Holds Above $4,000 as Fed Rate Hike Expectations and U.S. Jobs Data Weigh on Market 
Sodexo Raises 2026 Revenue Outlook After Strong Q3 Sales Beat 
Goldman Sachs Says China Competition Weighs More on EU Growth Than Trade Deficit 
Greece’s Bad Loan Crisis Continues to Limit Credit Access Despite Economic Recovery 
Microsoft Reportedly Plans New Job Cuts Across Sales, Consulting, and Xbox 
New Zealand Consumer Confidence Rises in June as Inflation Expectations Ease 
ShareChat Eyes 2027 IPO After Reaching Operational Profitability, Report Says 
US Jobs Report Preview: June Payroll Growth Seen Slowing as Fed Rate Decision Looms 
Hyundai Motor made a promise to create 46,000 new jobs for the young South Korean people within the next three years. The automaker's plan is in response to the local government's efforts in encouraging large companies to open more job opportunities for young people.
It was added that the government has also been urging major firms to offer educational training so more young job seekers could find a job. According to The Korea Times, Hyundai Motor announced its commitment to provide new jobs on Monday, Nov. 22, at the Hyundai Motor Studio located in Goyang, Gyeonggi Province.
With its plan for the youngsters, Hyundai Motor officially joined Prime Minister Kim Boo Kyum's "Youth Hope ON" project that is focused on providing job opportunities to the younger generation of job seekers in the country.
Hyundai Motor Group has now become the sixth conglomerate to participate in the government-led project for the youths that was first launched in September. It was reported that the state has met up with business leaders from companies such as Samsung, POSCO, SK, KT, and LG to encourage them to join in the initiative. All in all, these conglomerates have promised to offer a total of 170,000 jobs.
The event on Monday was also attended by An Kyung Duk, the Minister of Employment and Labor, and other high-ranking government officials. Hyundai Motor Group's executives were also present and this includes the company's chairman Chung Euisun and president of the flagship affiliate, Kong Young Woon.
In any case, in the 46,000 jobs that Hyundai Motor will offer, 30,000 would be directly hired for the company. The remaining 16,000 will be assigned to support programs for partner companies and startups. Hirees will be working on Hyundai's ventures in mobility, autonomous driving, and hydrogen generation.
"I especially thank Hyundai Motor Group for pledging to create the highest number of jobs among the participating companies," Prime Minister Kim Boo Kyum said. He especially expressed gratefulness to Hyundai's chairman and his team for "making a bold decision for the future of the younger generations."
Finally, Korea Joongang Daily further noted that Hyundai Motor's pledge is so far the largest among all the companies that signed up for the project, with LG being the second with 39,000 job pledges.
