Hyundai Development Company
Scope
Date
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Construction
SGC E&C wins $366 mn chemical plant project in Saudi Arabia
SGC Engineering & Construction (E&C), a company specializing in engineering, procurement and construction (EPC), said on Wednesday that it s...
Aug 28, 2024 (Gmt+09:00)
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Banking & Finance
IGIS, Naver Labs to develop tech convergence space platform
South Korea’s IGIS Asset Management Co. said on Wednesday that it signed a memorandum of understanding (MOU) with six companies, including Nav...
Aug 28, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG CNS, Seoul National Univ. to establish DX talent program
South Korea's LG CNS Co. signed an agreement with Seoul National University's Department of Industrial Engineering on Tuesday to develop talent in d...
Aug 28, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Mobis develops nickel-free inductor material
Hyundai Mobis Co. has developed the world's first nickel-free inductor material, which is expected to sharply cut the cost of manufacturing inductor...
Aug 27, 2024 (Gmt+09:00)
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Korean games
NCSOFT to seek recovery momentum with open-world game
South Korea’s gaming giant NCSOFT Corp. is set to develop an open-world massively multiplayer online role-playing game (MMORPG) while launchin...
Aug 27, 2024 (Gmt+09:00)
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Robotics
Clobot seeks to list Kosdaq in October
South Korea's robot software company Clobot said on Tuesday that it submitted a registration statement to the Financial Services Commission and ha...
Aug 27, 2024 (Gmt+09:00)
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Mergers & Acquisitions
SK Innovation-SK E&S merger gains shareholders’ nod
SK Innovation Co., South Korea’s largest energy company, has won majority support from its shareholders for a merger with its liquefied natura...
Aug 27, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor releases 2025 Santa Fe
Hyundai Motor Co. said on Tuesday that it released the 2025 Santa Fe, a model year change of its flagship midsize sports utility vehicle (SUV) The A...
Aug 27, 2024 (Gmt+09:00)
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Batteries
Lotte develops nickel-plated foil for solid-state batteries
Lotte Energy Materials Corp., a major South Korean battery materials maker, said on Tuesday it has developed a nickel-plated copper foil for use in ...
Aug 27, 2024 (Gmt+09:00)
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Steel
Korea’s Husteel enjoys surging Saudi Steel Pipe stock prices
South Korean Husteel Co.'s long-term investments in Saudi Steel Pipe Co. are paying off as its share price surges on the back of deals with the king...
Aug 26, 2024 (Gmt+09:00)
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Banking & Finance
Mastern, Woods Capital team up for tech hub
Mastern Investment Management Co., South Korea's real estate investment firm, said on Monday that its US subsidiary Mastern America LLC signed a mem...
Aug 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai IONIQ 5 N named Car and Driver's 2024 top EV
South Korea's Hyundai Motor Co. said on Sunday that its high-performance electric vehicle (EV) the IONIQ 5 N was selected as Car and Driver's presti...
Aug 26, 2024 (Gmt+09:00)
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Artificial intelligence
Liner ranks 9th in generative AI services selected by a16z
South Korea's generative AI startup Liner said on Friday that its search service ranked 9th in the web services category of the Top-100 Gen AI Consu...
Aug 23, 2024 (Gmt+09:00)
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Private equity
Korea’s Tmax Group buys back software developer for $612 mn
South Korea’s Tmax Group bought back the software making unit it had sold to a local private equity firm two years ago to try to boost synergy...
Aug 23, 2024 (Gmt+09:00)
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Automobiles
Genesis tops TXI for fourth consecutive year in US
Hyundai Motor Co.'s premium brand Genesis and Hyundai Motors ranked first in the J.D. Power 2024 US Tech Experience Index (TXI) Study.The American...
Aug 23, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha completes Australia plant for howitzers, armored vehicles
South Korea’s Hanwha Aerospace Co. has completed building its first overseas plant — producing howitzers and ammunition carriers in Aust...
Aug 23, 2024 (Gmt+09:00)
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Fashion
Kolon FnC to launch Italian high-end brand N21 in S.Korea
South Korea's Kolon FnC said on Thursday that it will launch the Italian high-end fashion brand N21 in South Korea.In August, Kolon FnC has secured ...
Aug 23, 2024 (Gmt+09:00)
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Chemical Industry
SKC to merge two biodegradable material subsidiaries
South Korea's SKC Ltd. said on Wednesday that it plans to merge its biodegradable material subsidiaries, SK Leaveo and SK Tbmgeostone with the merge...
Aug 23, 2024 (Gmt+09:00)
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Artificial intelligence
Naver’s HyperCLOVA X Vision proves a picture is worth a thousand words
A picture is worth a thousand words, as the adage goes, stressing the power of vision over text.People also say eyes are windows to the soul, emphas...
Aug 22, 2024 (Gmt+09:00)
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Aerospace & Defense
Hanwha Systems, Airbus to jointly develop space solar cells
Flexell Space, South Korea's Hanwha Systems Co.'s in-house venture, said on Thursday that it signed a letter of intent (LOI) with Germany's Airbus D...
Aug 22, 2024 (Gmt+09:00)
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Corporate strategy
AI-driven shifts will unlock opportunities: SK Chairman
Challenges are ahead but the artificial intelligence industry will eventually boom, opening new markets, said South Korea’s second-largest bus...
Aug 22, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Cosmax, China's Jiangnan Univ. to cooperate joint research
Cosmax Inc., South Korea's largest cosmetics original development and design manufacturer (ODM), said on Thursday that it signed a strategic memoran...
Aug 22, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia gets A- credit rating from S&P Global
Hyundai Motor Co. and Kia Corp. said on Thursday that S&P Global upgraded their credit ratings from BBB+ to A-, with a Stable outlook for both c...
Aug 22, 2024 (Gmt+09:00)
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Corporate strategy
Stock-rich KCC's shareholdings exceed its market cap
KCC Corp., a paint and glass maker but better known as a white knight for South Korean conglomerates, holds more than 4 trillion won ($3 billion) wo...
Aug 21, 2024 (Gmt+09:00)
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Future mobility
Kakao Mobility introduces robot delivery at Resom Resort
South Korea's Kakao Mobility announced on Wednesday that it partnered with Hoban Hotels & Resorts to operate the robot delivery service Bring at...
Aug 21, 2024 (Gmt+09:00)
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Electric vehicles
EV firefighting startup Lee Mobility gets seed round
South Korean startup Lee Mobility announced on Tuesday that it got a seed round investment from Bluepoint Partners, a domestic early-stage venture c...
Aug 21, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor’s 1st overseas plant in Turkey makes decent turnaround
Back in the late 1990s, South Korea’s top automaker Hyundai Motor Co. built its first overseas plant in Turkey, betting on the European and Mi...
Aug 21, 2024 (Gmt+09:00)
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Commodities
Korea to punish copper scrap traders for illegal exports
BUSAN -- South Korea is set to punish copper scrap traders, mostly Chinese-operated, for illegal exports as nonferrous metal sector companies on the...
Aug 20, 2024 (Gmt+09:00)
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Construction
HD Hyundai Infracore to supply construction equipment to Saudi Arabia
South Korea's HD Hyundai Infracore Co. announced on Tuesday that it signed a contract to supply 100 excavators and wheel loaders to Saudi Arabia's l...
Aug 20, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Fashion ODM Pond Group buys K-beauty retailer Most
Pond Group, a South Korean original design manufacturing (ODM) clothing company, said on Monday it has acquired Most Inc., a domestic beauty product...
Aug 19, 2024 (Gmt+09:00)
Latest News
- 1 Lee Jae-myung to meet with top business leaders this week ahead of G7 summit
- 2 Korea to allow non-profits to buy bad consumer loans
- 3 LG to drive future growth in emerging markets with battery prowess
- 4 South Korean President Lee, Japanese Prime Minister Ishiba seek closer ties
- 5 Naver Ventures to plant flag in Silicon Valley with TwelveLabs bet