Hyundai Motor, Motional unveil IONIQ 5 self-driving robotaxi

South Korea’s top automaker Hyundai Motor Co. and its US mobility joint venture Motional Inc. on Tuesday unveiled their first autonomous robot...

Hankook Tire, YASE unveil shoes made of recycled tires

Hankook Tire & Technology Co., South Korea’s largest tire maker, said on Tuesday it is collaborating with local leather shoe brand YASE to...

LG delays decision on battery unit IPO to Q4

LG Chem Ltd.’s battery unit LG Energy Solution Ltd. will not be listed on Kospi within the third quarter. Investors are keeping close eyes on ...

Chinese, Korean carmakers penetrate Japanese-dominated Indonesia

Hyundai Motor Co. is set to start producing automobiles in Indonesia around the end of this year to attract drivers in the Southeast Asia’s ...

S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair

South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...

Global automakers' new battle field: small EVs

Global automakers stop producing smaller cars among internal combustion engine models. The industry is facing difficulties to make profits from thos...

Korea’s hydrogen council to launch Sept. 8; Hyundai to unveil new tech

The South Korean version of the Hydrogen Council, a global CEO-led initiative to harness the clean energy source, will officially launch on Sept. 8 ...

POSCO Chemical to expand EV battery materials capacity in China

South Korea’s POSCO Chemical is set to bolster production capacity of electric vehicle battery materials in China, the world’s top batte...

IAA Mobility 2021 to showcase global auto industry’s future technologies

The global auto industry is set to show off their muscle to fight for the future mobility market not only with new models but also technologies at t...

Shares of LG Chem, LG Electronics tumble on GM EV recall

Shares of LG Chem Ltd. and LG Electronics Inc. fell sharply on Monday in Seoul following General Motors Co.’s announcement on Friday that it w...

Hyundai Motor previews Genesis GV60, its first electric luxury CUV

Hyundai Motor Co. on Thursday unveiled the design of the GV60, the luxury Genesis brand’s first electric vehicle that sits on the E-GMP, the...

Shinsegae’s omnichannel strategy drives up share prices of key affiliates

South Korean retail conglomerate Shinsegae Group’s key affiliates are enjoying upward revaluation of share prices. Not only the market is faci...

Hyundai to delay launch of IONIQ 6 for redesign, longer mileage

Hyundai Motor Co. will delay the much-anticipated launch of the IONIQ 6, the top South Korean automaker’s second all-electric vehicle on an ex...

Samsung Electro-Mechanics aims to take lead in MLCC market

South Korea-based electronic components maker Samsung Electro-Mechanics Co. is looking to take lead in the multi-layer ceramic capacitors (MLCC) mar...

Diet boom drives Foodnamoo to 52-week high

South Korea-based Foodnamoo Inc., the operator of diet product platform Rankingdak.com, has hit a new 52-week high as its share price closed at the ...

CJ Cheiljedang posts record-high earnings in Q2

South Korea's food giant CJ Cheiljedang Corp. posted record-high earnings in the second quarter of this year, breaking its own record from the first...

Lotte Rental invests over $20 mn in autonomous driving startup ahead of IPO

South Korea's largest car rental and auto leasing company Lotte Rental Co. is set to invest 25 billion won ($21.8 million) in a domestic autonomous ...

IONIQ 5 becomes 4th-most sold EV in Norway in July

Hyundai Motor Co.’s first all-electric car IONIQ 5 is making a strong debut this year in Norway, the principal battlefield in Europe for globa...

Global carmakers to speed up EV push as governments pressure harder

US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...

Hyundai quadruples sales of eco-friendly cars in US

Hyundai Motor Co. has sold more than four times of eco-friendly cars in the US compared to last year. The company said on Aug. 5 that the number of ...

SK's battery unit split-off drives polarized responses

The share price of South Korea's SK Innovation Co. has extended losses following its confirmation on Tuesday of the battery business splif-off plan,...

Hyundai Motor to make equity investment in Germany’s H2 Mobility

Hyundai Motor Co. is investing in H2 Mobility Deutschland GmbH & Co., a German operator of hydrogen fueling stations, as the top South Korean au...

Hyundai, Kia US sales slower despite strong growth

Hyundai Motor Group reported a near 30% rise in US sales last month, but the growth is decelerating as the world’s second-largest automobile m...

Krafton IPO draws lukewarm demand from retail investors

Korea’s major game developer Krafton Inc’s much-anticipated IPO subscription has closed by only drawing a muted response from investors....

Inside Samsung: Top level meetings drive ecosystem buildup

Samsung Electronics Co.’s latest strategic focus is setting up its own ecosystem of devices ranging from mobile phones, home appliances to TVs...

Korea July exports hit record on strong chip, auto demand

South Korea’s exports hit a record high in July on strong shipments of both main products such as cars and chips, as well as new growth ones i...

Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia

Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...

LG Elec completes stock deal with Magna for EV powertrain JV

LG Electronics Inc. completed a stock sale deal with Canadian auto parts maker Magna International Inc. for an electric vehicle (EV) powertrain join...

Polysilicon drives up OCI’s Q2 profit to 10-year high amid solar cell boom

OCI Co., a South Korean chemical and green energy company, on Wednesday reported that its quarterly profit has risen to the highest level in a decad...

Surging battery material costs put roadblock to EV growth

Prices of core raw materials such as lithium and cobalt for electric vehicle (EV) batteries jumped to threaten the global auto industry’s key ...