Bessent Says U.S. Must Strengthen Supply Chains and Economic Security 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
Malaysia Central Bank Moves to Support Ringgit Amid Foreign Fund Outflows 
FedEx Stock Drops After Weak 2026 Earnings Forecast Despite Strong Q4 Results 
BOJ Hawk Signals Faster Interest Rate Hikes Amid Inflation Risks 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
White House Seeks $87.6 Billion Emergency Funding for Iran War, Farmers, and Ebola Response 
Gold Falls Below $4,000 as Strong Dollar and Fed Rate Hike Expectations Weigh on Prices 
Trip.com Shares Tumble After Q1 Profit Drops and Weak Revenue Growth Outlook 
Australia Inflation Cools in May, But Core CPI Keeps RBA Rate Hike Risks Alive 
New Zealand Fast-Tracks Gold Mining as Industry Revival Gains Momentum 
Alphabet Replaces Verizon in Dow Jones Industrial Average 
Alibaba Shares Fall After Anthropic Alleges Massive AI Model Distillation Campaign 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
SK Hynix Targets $29.4 Billion Nasdaq Listing to Expand AI Chip Business 
Wall Street Slides as AI Stocks Tumble Following South Korea Tech Sell-Off 
Hyundai Motor Group is the latest South Korean major company to send donations to Ukraine. The automaker will be handing out $1 million to the Red Cross, which is doing humanitarian works for the Ukrainian people and refugees.
It was said that the humanitarian crisis continues to get worse in the devastated country. With the situation, many people and communities are now in urgent need of assistance. According to The Korea Times, Hyundai Motor's move is actually an extension of its humanitarian aid efforts in times of major disasters anywhere in the world.
The company is helping out with relief and damage recovery efforts by donating funds and more. In fact, it was mentioned that the South Korean automaker also donated to Indonesia in 2018 when it was hit by strong earthquake and tsunami.
It also extended help to residents of Laos when they suffered from disastrous flooding in 2017. Moreover, when natural disasters struck the Philippines, China, the U.S., Haiti, and Peru in the past, Hyundai extended help as well.
"The company will be making a $1 million contribution to the Red Cross to support their essential work in providing support where it is needed most," the company said regarding its donation for Ukraine. "As the humanitarian situation worsens in Ukraine, it is clear many vulnerable people and communities are in need of urgent assistance,"
The Korea Herald reported that Hyundai Motor Group's donation for the people of Ukraine was announced on Monday, March 7. Prior to its announcement, Samsung also pledged to donate $6 million to the war-torn country that was attacked by Russia.
Samsung will also donate eletronic gadgets worth $1 million and its employees and executives are collecting personal donations that will all be forwarded to Ukraine too. SK Group, another Korean conglomerate, will also help the Ukrainians through its $1 million cash aid.
"We are cooperating with international organizations to supply humanitarian relief to Ukrainian refugees," Samsung said in a statement that was issued earlier this week. "We decided to contribute $6 million to such organizations as the Ukrainian Red Cross Society."
