By Joyce Lee and Heekyong Yang SEOUL, Jan 26 (Reuters) - South Korea's Hyundai Steel said in a regulatory filing on Monday its affiliate Hyundai-POSCO Louisiana LLC plans a capital increase worth $2.9 billion for facilities investment in a US steel plant.

A development-phase Hyundai Santa Fe test vehicle was destroyed after catching fire during road testing in South Korea. Fire crews fully extinguished the blaze, but not before the vehicle was engulfed and rendered a total loss.

South Korea's Hyundai ADM Bio plans to launch global clinical trials of its new drug, Penetrium, for rheumatoid arthritis and prostate cancer

Hyundai launched a new “EV Burden Down Promotion” plan in South Korea, offering discounts on the IONIQ 5, IONIQ

Trump has suddenly increased tariffs on South Korean imports, and Japanese automakers like Toyota could benefit.

In June, Hyundai Motor, Jaguar Land Rover Korea, and two other companies voluntarily recalled more than 14,000 vehicles to address faulty components.

HD Hyundai Heavy Industries, which is teaming up with Hanwha Ocean for Canada’s submarine procurement, is stepping up efforts with a multibillion-dollar package