Lotte Chemical posts deficit for second straight quarter

Lotte Chemical posts deficit for second straight quarter

Lotte Chemical on Tuesday announced that it suffered 423.9 billion won ($308 million) in operating loss on a consolidated basis in the third quarter...

Hyundai, China’s CICC in initial deal for commercial vehicle business

Hyundai, China’s CICC in initial deal for commercial vehicle business

South Korea’s Hyundai Motor Co. said on Tuesday it has partnered with China International Capital Corp. (CICC), China’s largest investme...

Aekyung Chemical develops 1st domestically made refrigeration lubricant

Aekyung Chemical develops 1st domestically made refrigeration lubricant

Korea's Aekyung Chemical, an affiliate of Aekyung Group, along with GS Caltex, has made the nation's first localized refrigeration lubricant in line...

Korea Inc. accumulates cash as economic downturn deepens

Korea Inc. accumulates cash as economic downturn deepens

South Korean companies, led by the country’s most valuable firm Samsung Electronics Co., have rushed to accumulate cash as interest rates kept...

Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law

Korea, Hyundai Motor request 3-year reprieve on US EV tax credit law

The South Korean government and the country’s top automaker Hyundai Motor Co. have requested the US government give Korean carmakers a three-y...

Hyundai Heavy to invest $30 million in TerraPower for SMR business

Hyundai Heavy to invest $30 million in TerraPower for SMR business

South Korea’s Hyundai Heavy Industries Group said on Friday it has signed a deal to invest $30 million in TerraPower, a US nuclear power ventu...

Hyundai Oilbank extends US fuel export deal with Sunoco

Hyundai Oilbank extends US fuel export deal with Sunoco

Hyundai Oilbank Co. extended a deal with US independent fuel distributor Sunoco LP to export petroleum products to Hawaii as the South Korean refine...

Hyundai, Kia post record hybrid vehicle sales in US in October

Hyundai, Kia post record hybrid vehicle sales in US in October

Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...

Korea's SK Chemicals to make chemically recycled food containers

Korea's SK Chemicals to make chemically recycled food containers

South Korea's SK Chemicals on Tuesday said it has joined forces with Poolinglim P&P to make the nation's first food containers using chemically ...

What is a smart city? Hyundai Motor Group has a few ideas

What is a smart city? Hyundai Motor Group has a few ideas

Hyundai Motor Group on Monday released the results of its research project for smart cities in an online exhibition.In collaboration with the firm H...

HD Hyundai’s machinery units post profits despite slump in China

HD Hyundai’s machinery units post profits despite slump in China

HD Hyundai Co., the holding company of South Korea’s Hyundai Heavy Industries Group, saw its two construction equipment affiliates post strong...

Hyundai Motor to boost US presence with $5.5 bn new Georgia EV plant

Hyundai Motor to boost US presence with $5.5 bn new Georgia EV plant

Hyundai Motor Co. broke ground on a $5.54 billion electric vehicle and battery plant in the US state of Georgia on Tuesday, as the top South Korean ...

Hyundai Motor to build more solar cell facilities to power Ulsan plant

Hyundai Motor to build more solar cell facilities to power Ulsan plant

South Korea’s top automaker Hyundai Motor Co. will build additional solar cell power generation facilities at its main plant in Ulsan amid a m...

POSCO Chemical posts record third-quarter sales, operating profit

POSCO Chemical posts record third-quarter sales, operating profit

POSCO Chemical Co., a unit of South Korea’s steel giant POSCO Holdings Inc., on Monday posted record revenue and operating profit in the third...

Hyundai ups 2022 revenue, profit forecasts as quality costs hit Q3 profit

Hyundai ups 2022 revenue, profit forecasts as quality costs hit Q3 profit

South Korea’s top automaker Hyundai Motor Co. on Monday posted its highest-ever quarterly sales, driven by pricey sport utility vehicles and p...

Hyundai to ramp up hybrid vehicle production next year

Hyundai to ramp up hybrid vehicle production next year

Hyundai Motor Co., South Korea’s top automaker, will increase production of hybrid models by some 15% next year to focus on the popular segmen...

Hyundai E&C, Holtec embark on detailed design of SMR-160 model

Hyundai E&C, Holtec embark on detailed design of SMR-160 model

South Korea’s Hyundai Engineering & Construction Co. and its US nuclear reactor partner Holtec International have agreed to start working ...

Hyundai, Kia to reflect $2 bn quality costs in Q3 earnings

Hyundai, Kia to reflect $2 bn quality costs in Q3 earnings

Hyundai Motor Co. and its affiliate Kia Corp., South Korea’s top two automakers, plan to reflect 2.9 trillion won ($2 billion) more in quality...

POSCO Chemical may clinch megadeal to supply cathode to Ford Motor

POSCO Chemical may clinch megadeal to supply cathode to Ford Motor

POSCO Chemical Co., a unit of South Korea’s steel giant POSCO Holdings Inc., is looking to forge a long-term contract to supply cathode, a key...

Hyundai Mobis supplies EV modules to Mercedes in US

Hyundai Mobis supplies EV modules to Mercedes in US

South Korea’s top auto parts manufacturer Hyundai Mobis Co. has begun supplying key modules for Mercedes-Benz AG’s electric vehicles pro...

Samsung launches upgraded digital wallet to take on Apple Pay

Samsung launches upgraded digital wallet to take on Apple Pay

South Korea’s tech giant Samsung Electronics Co. said on Friday it is launching its digital wallet platform in 13 more countries by year-end t...

US DOE officials in Seoul to meet with Hyundai Motor, battery makers

US DOE officials in Seoul to meet with Hyundai Motor, battery makers

US Department of Energy officials are in South Korea to discuss details of its electric vehicle and battery tax credit law with Korean government of...

Hyundai to shift gear toward software-centric cars from 2023

Hyundai to shift gear toward software-centric cars from 2023

Hyundai Motor Group will introduce software-defined vehicles (SDVs) that receive wireless software updates for models to be released from next year,...

Hyundai unveils Korea’s first heavy-feed petrochemical plant

Hyundai unveils Korea’s first heavy-feed petrochemical plant

Hyundai Chemical Co. on Wednesday held an official ceremony of completion of South Korea’s first heavy-feed petrochemical complex (HPC), desig...

Hyundai’s NEXO crossover tops world’s hydrogen vehicle market

Hyundai’s NEXO crossover tops world’s hydrogen vehicle market

Hyundai Motor Co.'s NEXO crossover has become the world’s best-selling hydrogen fuel cell electric vehicle (FCEV) in the first eight months of...

Hyundai Mobis, Luxoft to unveil infotainment system for future mobility

Hyundai Mobis, Luxoft to unveil infotainment system for future mobility

South Korea’s largest auto parts maker Hyundai Mobis Co. and Swiss technology company Luxoft have jointly developed an advanced in-vehicle inf...

Hyundai Mobis to spend $1.3 bn to build US EV parts, module plants

Hyundai Mobis to spend $1.3 bn to build US EV parts, module plants

South Korea’s top auto parts maker Hyundai Mobis Co. will spend $1.3 billion until 2030 to build auto parts and module plants for electric veh...

Hyundai Heavy's KSOE expected to turn to black in Q3

Hyundai Heavy's KSOE expected to turn to black in Q3

Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, is forecast to have turned to the black for the firs...

Hyundai’s Trailer Drone concept wins top Red Dot design award

Hyundai’s Trailer Drone concept wins top Red Dot design award

South Korea’s top automaker Hyundai Motor Co. said on Friday its Trailer Drone, a fully autonomous hydrogen mobility concept, has won the top ...

Korea ramen packet maker inks $1 bn battery material deal

Korea ramen packet maker inks $1 bn battery material deal

A South Korean instant noodle packet maker has secured a $1 billion deal to supply battery materials to a joint venture between General Motors Co. a...

S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan S.Korea to elevate science minister to deputy prime minister to lead in AI race