Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral

Hyundai Motor signs Korea’s largest PPA deal to go carbon neutral

South Korea’s top automaker Hyundai Motor Co. said on Thursday it has signed a power purchase agreement (PPA) with Hyundai Engineering & C...

S.Korea-UK upgrade bilateral ties, sign deals on nuclear plants, chips

S.Korea-UK upgrade bilateral ties, sign deals on nuclear plants, chips

LONDON – South Korea and the UK have agreed to upgrade their bilateral relationship and closely cooperate in the defense, security and busines...

S.Korean aerospace firms to co-work for SLV

S.Korean aerospace firms to co-work for SLV

South Korea's aerospace companies will collaborate to secure launch vehicle technology for small satellites weighing less than 500kg.  The Sou...

Hyundai ushers in future of car manufacturing in Singapore

Hyundai ushers in future of car manufacturing in Singapore

SINGAPORE – Hyundai Motor Group on Tuesday officially inaugurated its first mobility innovation center in Singapore powered by a slew of smart...

Hyundai Motor Group spins off three in-house startups

Hyundai Motor Group spins off three in-house startups

Hyundai Motor Group announced on Tuesday it spun off three in-house startups Eficar, Hcharge Lab, and 3I Solution. Eficar provides a service th...

Hyundai’s new Tucson: Trendsetter with a taste for futuristic design

Hyundai’s new Tucson: Trendsetter with a taste for futuristic design

South Korea’s top automaker Hyundai Motor Co. on Tuesday unveiled the facelifted design of its compact sport utility vehicle, the Tucson, whic...

Hyundai Motor Group eyes record-breaking sales in UK

Hyundai Motor Group eyes record-breaking sales in UK

Hyundai Motor Group expects to achieve record-high sales performance in the UK this year. This is even more significant because the UK is well well-...

Hyundai Motor Group to replace heads of auto parts, steel units

Hyundai Motor Group to replace heads of auto parts, steel units

Hyundai Motor Group, the world’s third-largest automaker, is set to replace the heads of its auto parts and steel-making affiliates in an earl...

Hyundai’s Chung: 1st Korean awarded top UK Order from King Charles

Hyundai’s Chung: 1st Korean awarded top UK Order from King Charles

Hyundai Motor Group Chairman Chung Euisun has been named a Commander of the Order of the British Empire (CBE) for promoting economic and cultural co...

LG Elec’s vehicle systems plants running above full capacity

LG Elec’s vehicle systems plants running above full capacity

LG Electronics Inc.'s automotive electronics production plants have surpassed 100% of their operating rate this year as of the end of September.Acco...

SK, Hyundai Motor's US JV, named Georgia's Deal of Year

SK, Hyundai Motor's US JV, named Georgia's Deal of Year

South Korea’s battery maker SK On and Hyundai Motor Group's joint battery project in Georgia, the US, was awarded the "Deal of the Year 2023 i...

Samsung C&T to build world’s largest liquid hydrogen tank

Samsung C&T to build world’s largest liquid hydrogen tank

South Korea's Samsung C&T Corp. announced on Sunday it received certification for the world's largest liquid hydrogen storage tank design from D...

LG Energy, Ford’s battery JV in Turkey scrapped as EV uptake slows

LG Energy, Ford’s battery JV in Turkey scrapped as EV uptake slows

A planned battery manufacturing joint venture between South Korea’s top battery maker LG Energy Solution Ltd., US carmaker Ford Motor Co. and ...

Hanwha Systems to develop extra-large UUV platform technology

Hanwha Systems to develop extra-large UUV platform technology

Hanwha Systems Co., the defense and air mobility unit of Hanwha Group, will develop technology that will pave the way for the development of Korea-m...

Hyundai Motor's K-UAM One Team collaborates with Incheon

Hyundai Motor's K-UAM One Team collaborates with Incheon

The "K-UAM One Team," an urban air mobility (UAM) consortium consisting of five companies, including Hyundai Motor, has announced that it signed a m...

Used electric vehicle prices drop in Korea with declining EV appeal

Used electric vehicle prices drop in Korea with declining EV appeal

Prices of secondhand electric vehicles are falling in South Korea as drivers are increasingly less enchanted with eco-friendly vehicles due to weak ...

Heerim wins design contract for Hyundai Motor's Saudi plant

Heerim wins design contract for Hyundai Motor's Saudi plant

South Korea's Heerim Architects & Planners said on Monday it secured the architectural design contract for Hyundai Motor Co.'s new automobile as...

On-device AI chips: New battleground for chipmakers

On-device AI chips: New battleground for chipmakers

As on-device artificial intelligence, designed for smart gadgets such as smartphones, laptops and autonomous-driving cars, emerges as a mega-trend f...

Socar launches car-sharing service with Naver's generative AI

Socar launches car-sharing service with Naver's generative AI

South Korea’s mobility platform operator Socar Inc. has introduced a car-sharing service utilizing generative artificial intelligence in coope...

Hyundai Motor, Kia's US electric vehicle sales at record-high in October

Hyundai Motor, Kia's US electric vehicle sales at record-high in October

South Korea's Hyundai Motor Group set a historic sales record in the US electric vehicle market, posting its best-ever performance in October. The a...

KG Mobility, BYD to team up for battery pack, hybrid car

KG Mobility, BYD to team up for battery pack, hybrid car

South Korea's KG Mobility Corp. has partnered with China's largest electric vehicle company BYD to build a battery pack factory in South Korea. They...

Hyundai Motor Group units’ profits double as Chung enters 4th year

Hyundai Motor Group units’ profits double as Chung enters 4th year

South Korea’s Hyundai Motor Group saw the combined operating profit of its 11 affiliates more than double in the third quarter as Chairman Chu...

LG Uplus to build robot-friendly building with Hyundai

LG Uplus to build robot-friendly building with Hyundai

South Korea’s LG Uplus Corp. has teamed up with Hyundai Motor Co. and Kia Robotics Lab to build a communications infrastructure ecosystem at a...

SK Enmove, Hanwha Aerospace to develop ESS for vessels

SK Enmove, Hanwha Aerospace to develop ESS for vessels

South Korea’s lubricating oil maker SK Enmove Co. and defense industry company Hanwha Aerospace Co. will jointly develop energy storage syst...

Shinhan Card's Kazakhstan arm secures $60 mn from IFC

Shinhan Card's Kazakhstan arm secures $60 mn from IFC

Shinhan Finance, a subsidiary of South Korea's Shinhan Card in Kazakhstan, has attracted a $60 million investment from the International Finance Cor...

Hyundai Motor chief aims to revive grandfather’s spirit in Saudi Arabia

Hyundai Motor chief aims to revive grandfather’s spirit in Saudi Arabia

Back in the 1970s, the Middle East was where many South Korean companies longed to be as the region was the country's main source of foreign income....

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

Hyundai Motor, PIF to invest $500 mn to build car plant in Saudi Arabia

RIYADH – Hyundai Motor Co. has agreed with the Public Investment Fund, Saudi Arabia’s sovereign fund, to set up a joint venture to build...

Samsung eyes next-generation 5 nm eMRAM auto chip by 2027

Samsung eyes next-generation 5 nm eMRAM auto chip by 2027

Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it aims to develop a next-generation 5-nanometer-processed aut...

HD Hyundai Infracore to develop truck battery packs

HD Hyundai Infracore to develop truck battery packs

South Korea's HD Hyundai Infracore Co. plans to enter the electric commercial vehicle market through the development of truck batteries.The company ...

Hyundai Motor muscles into online used car market

Hyundai Motor muscles into online used car market

Hyundai Motor Co. is slated to start selling certified used cars online from Oct. 24, three years after its announcement to enter the 30 trillion wo...

S.Korea’s leading ERP player Douzone Bizon up for sale; EQT Partners in talks MSCI maintains S.Korea’s emerging-market status; level playing field required GEPS taps former KB Asset chief risk officer as new CIO Affinity Equity nets $220 mn from block sale of Shinhan Financial F&F’s bid for TaylorMade complicates Centroid's exit