Tesla unveiling offers opportunity for Korean EV battery makers; shares down

Tesla Inc.’s announcement that it will adopt a new battery technology to significantly improve an electric vehicle’s range and power shoul...

Tesla CEO's tweets allay concerns over EV battery supplies; LG Chem shares rise

Shares of LG Chem Ltd. rebounded on Sept. 22 from their shaky performance in the past few sessions, buoyed by Tesla Inc. founder Elon Musk’...

HAAH Automotive proposes $258 mn investment in Ssangyong Motor

HAAH Automotive Holdings Inc., a US automobile distributor, has offered to invest 300 billion won ($258 million) in Ssangyong Motor Co. as part of its...

Urgent need to expand Korea's EV charging infrastructure: lobby group

It is critical that the South Korean government and carmakers swiftly move to increase local charging stations for electric vehicles and secure raw ma...

Hyundai Motor ships fuel cell system to non-automotive European startups

Hyundai Motor Co. has exported its fuel cell system to non-vehicle startups in Europe, expanding its hydrogen business beyond the automobile industry,...

Hyundai Motor wins temporary nod to send staff to Beijing bases

The Hyundai Motor Group will operate three chartered flights to dispatch its employees to Beijing Sept. 3 and Sept. 4, after winning temporary approva...

Korean battery makers take charge in global EV market outperforming rivals

South Korean battery makers LG Chem Ltd., Samsung SDI Co., and SK Innovation Co. are steaming ahead in the global electric vehicle market pulling in a...

Chipmaker Kioxia to raise 85.3 bn yen in Japan IPO; SK Hynix to retain stake

Global memory-chip maker Kioxia Holdings Corp., held by US private equity firm Bain Capital, is expected to raise 85.3 billion yen (953.6 billion won)...

Korean manufacturers tangled in EV battery feud; Korean court rules in favor of LG Chem

The Seoul Central District Court has upheld the validity of LG Chem Ltd.'s patent infringement case in the US against SK Innovation Co. in its fi...

Line-Yahoo Japan JV christened A Holdings; Naver founder Lee picked as chair

A joint venture between Japan’s top messaging app provider Line Corp. and internet portal Yahoo Japan Corp. has been christened A Holdings and L...

Hyundai Motor aims to launch world’s first commercial robotaxi

Hyundai Motor Co. is aiming to launch the world’s first commercial robotaxi, or Level 4 autonomous driving with no humans involved, as global au...

Korea’s leading EV battery makers’ R&D spending hits record $1 bn in H1

South Korea’s three leading electric-vehicle (EV) battery makers are investing heavily in EV research & development projects to gain ground ...

Korean EV battery makers' shares tumble on Morgan Stanley downgrade

Shares of South Korea’s three leading electric-vehicle (EV) battery makers LG Chem Ltd, SK Innovation Co. and Samsung SDI Co. fell 5% on August ...

SK Lubricants up for sale as parent firm bulks up EV battery business

SK Innovation Co. Ltd., the single shareholder of SK Lubricants Co. Ltd., has put the lube base oil supplier up for sale as the parent company seeks n...

Hyundai Motor and Aptiv christen autonomous driving JV 'Motional'

Hyundai Motor Group and Aptiv unveiled the name of its autonomous driving joint venture on August 12: Motional. The two companies entered into the joi...

[Interview] Manga platform Piccoma ready to take over Japan's comics market

Manga platform Piccoma is gearing up to take over Japan’s massive digital comics market as the company continues to see prominent growth in its ...

India’s Mahindra willing to give up management rights in Ssangyong Motor

India’s Mahindra and Mahindra Ltd., with a 75% stake in South Korea’s Ssangyong Motor Co. Ltd., has expressed its intention to give up man...

Hyundai launches IONIQ as standalone EV brand

 The Hyundai Motor Group is launching IONIQ as a standalone brand to exclusively make electric cars as part of its efforts to gain share in the r...

Korea’s EV battery trio, led by LG Chem, emerge as market’s top picks

South Korea’s three electric-vehicle battery makers have become the local market’s top picks as their combined market capitalization nearl...

Hyundai Motor, LG to unveil jointly developed future car interior concept next month

Hyundai Motor Co. and LG Electronics Inc. have jointly developed the interior concept of a future car, further consolidating their cooperation in self...

Korean REIT backed by Amazon’s Japan warehouse seeks Seoul IPO

A South Korean brokerage firm with a 50.1% stake in Amazon’s largest distribution center in Japan is seeking to list a real estate investment tr...

Market view on Hyundai Motor takes a turn after Q2 earning surprise

The market's perception of Hyundai Motor Company has taken a turn, from considering the Korean automaker as a value stock to seeing it as a growth sto...

Elliott sells off over $1 bn shares in Hyundai Motor, two affiliates in two yrs

Elliott Management Corp. has disposed of all its shares in three key units of the Hyundai Motor Group, currently worth $1.5 billion, after its nearly ...

NH Investment, Nuveen jointly buy Amazon warehouse in Japan

NH Investment & Securities Co. Ltd. has taken a 50.1% stake in an Amazon distribution center in Japan for around 150 billion won ($130 million) in...

Japan, Australia may generate attractive property deals: Carlyle

Financial restructuring by Japanese companies and rising population density in Australia look set to create attractive investment opportunities for co...

Korean funds shelve Japan alternative investment on sour relations

South Korean institutional investors, including the National Pension Service, have put on hold new alternative investments in Japan due to soured rela...

POBA earmarks $175 mn for Japan housing; picks Europe debt funds

The Public Officials Benefit Association (POBA) has allocated 200 billion won ($175 million) for initial investments in Japan’s multifamily residentia...

Hyundai Motor hires Goldman, top law firm to fend off Elliott’s reform call

Hyundai Motor Group has bolstered the roster of its advisors with the addition of Goldman Sachs and US law firm Latham & Watkins LLP to step up fi...

Scientists fund, other Korean investors in $665 mn Japan solar power plant deal

Korea Scientists and Engineers Mutual-aid Association (SEMA) and other South Korean institutional investors will invest an aggregate 150 billion won (...

SPIKE. NO EDIT HERE. Hyundai Motor Group to adopt digital twin technology

Hyundai Motor Group plans to adopt digital twin, a technology that allows the automaker to make a digital replica of a real car for simulation not...