LCS Group, Bosung Powertec to form $40 mn fund for telecom tower project

LCS Group, Bosung Powertec to form $40 mn fund for telecom tower project

LCS Group Korea, a South Korean corporate set up by the Philippines' LCS Group of Companies, signed a joint venture establishment contract on Oct. 2...

LG Group's No. 2 exec Kwon to head EV battery unit

LG Group's No. 2 exec Kwon to head EV battery unit

Kwon Young-soo, the No. 2 leader of South Korea's LG Group, will be appointed as the chief executive officer of LG Energy Solution Ltd. next month, ...

Hyundai to target Southeast Asia EV market from Indonesia

Hyundai to target Southeast Asia EV market from Indonesia

Hyundai Motor Group chairman Chung Euisun has declared that the world’s fifth-largest carmaker will target the electric vehicle market in Sout...

Hyundai Mobis develops wheels that turn 90 degrees

Hyundai Mobis develops wheels that turn 90 degrees

Hyundai Mobis Co., an auto parts unit of Hyundai Motor Group, has developed technology to allow wheels to turn by 90 degrees, aiding in sharper vehi...

Hyundai’s Genesis GV70 named MotorTrend’s 2022 SUV of the year

Hyundai’s Genesis GV70 named MotorTrend’s 2022 SUV of the year

Hyundai Motor Co.’s GV70, a sport utility vehicle under the South Korean automaker’s premium sub-brand Genesis, has been named the SUV o...

Edison-led consortium named preferred buyer of Ssangyong Motor

Edison-led consortium named preferred buyer of Ssangyong Motor

A consortium led by electric bus maker Edison Motors Co. has been named the preferred buyer of South Korea’s troubled sport utility vehicle ma...

Hyundai Glovis to build hydrogen supply chain with Air Products

Hyundai Glovis to build hydrogen supply chain with Air Products

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, agreed to set up a liquid hydrogen supply chain with Air Products, the world’s la...

Hyundai Motor wins triple crown of world rally championships

Hyundai Motor wins triple crown of world rally championships

South Korea’s Hyundai Motor Co. has won the triple crown of the world’s three motorsport events – the FIA World Rally Championship...

Hilton Seoul to be redeveloped as mixed-use complex

Hilton Seoul to be redeveloped as mixed-use complex

Millennium Hilton Seoul will likely join the ranks of five-star hotels in downtown Seoul that were sold for redevelopment into luxury residential or...

Hyundai Motor, Kia winners in sagging European car market in September

Hyundai Motor, Kia winners in sagging European car market in September

Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their market share in Europe rise to a level never seen before...

Samsung aims to unveil autonomous ships in 2022

Samsung aims to unveil autonomous ships in 2022

Samsung Heavy Industries Co. last month successfully completed a sea trial of its self-operating vessel technology, which enables two autonomous shi...

Ssangyong Motor struggles to find new owner

Ssangyong Motor struggles to find new owner

Ssangyong Motor Co., the troubled South Korean sport utility vehicle manufacturer, is struggling to find a new owner amid doubts as to whether the e...

Samsung shares' underperformance deepens on growth concerns, won

Samsung shares' underperformance deepens on growth concerns, won

Shares of Samsung Electronics Co., South Korea’s largest stock on the main bourse, are significantly underperforming as analysts slash price t...

Korean auto shares shine in gloomy stock market

Korean auto shares shine in gloomy stock market

South Korean car shares overcame slides in the country’s stock markets as the automotive chip shortage is showing some signs of easing.Global ...

Hyundai-led autonomous industry association to launch in October

Hyundai-led autonomous industry association to launch in October

South Korea’s leading mobility company Hyundai Mobis Co. will be heading the country’s new industry association of autonomous driving ma...

SK Group to reform governance structure with stronger board of directors

SK Group to reform governance structure with stronger board of directors

SK Group will undergo a major governance reform with significant empowerment of the board of directors in making key management decisions. The group...

LG Chem to build technical support centers in EU, US

LG Chem to build technical support centers in EU, US

LG Chem Ltd. will expand global clients’ accessibility to its technical support professionals. The chemical company said on Oct. 11 that it wi...

S.Korean heavy equipment makers ride global raw materials boom

S.Korean heavy equipment makers ride global raw materials boom

The surging demand for raw materials around the world are driving sharp sales rebounds of South Korea’s two leading equipment makers Hyundai C...

Travel bubble triples Koreans’ trips to Saipan

Travel bubble triples Koreans’ trips to Saipan

A travel bubble between South Korea and Saipan more than tripled visits of residents in the Asian country to the main island in the Northern Mariana...

Hyundai Heavy to rebuild talent pool for tech-driven biz restructuring

Hyundai Heavy to rebuild talent pool for tech-driven biz restructuring

Hyundai Heavy Industries Group will deploy more than half of its new hires of R&D in future growth areas such as hydrogen, self-driving vessels,...

Hyundai Mobis breaks ground on $1.1 bn hydrogen fuel cell plants

Hyundai Mobis breaks ground on $1.1 bn hydrogen fuel cell plants

Hyundai Mobis Co., the auto parts unit of Hyundai Motor Group, on Thursday broke ground on a hydrogen fuel cell plant, part of its 1.32 trillion won...

Hyundai Doosan Infracore wins orders for 62 excavators in Philippines

Hyundai Doosan Infracore wins orders for 62 excavators in Philippines

South Korea-based heavy machinery and construction equipment maker Hyundai Doosan Infracore Co. has secured orders for 62 excavators in the Philippi...

Halla Group to combine two self-driving business arms

Halla Group to combine two self-driving business arms

South Korea's Halla Group, the parent company of automotive parts maker Mando Corp., will combine its two autonomous driving business units into a s...

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis launches ECOH brand for hydrogen, battery businesses

Hyundai Glovis Co., a logistics unit of Hyundai Motor Group, said on Monday it is launching a new brand to beef up its eco-friendly business, includ...

Delayed EU approval puts Hyundai-Daewoo shipbuilding deal at risk

Delayed EU approval puts Hyundai-Daewoo shipbuilding deal at risk

The deal to combine the world's largest shipbuilder Hyundai Heavy Industries Co. with second-ranked Daewoo Shipbuilding & Marine Engineering Co....

SK Innovation officially launches battery, E&P split-offs

SK Innovation officially launches battery, E&P split-offs

South Korea’s SK Innovation Co. on Friday officially launched its battery and petroleum exploration and production businesses as separate enti...

Hyundai Motor’s construction unit seeks listing in Q1 2022

Hyundai Motor’s construction unit seeks listing in Q1 2022

Hyundai Engineering Co., Hyundai Motor Group’s construction arm, started the process for an initial public offering (IPO) expected in the firs...

SK becomes first Korean oil producer from plastic waste

SK becomes first Korean oil producer from plastic waste

SK Group has become South Korea's first company to extract oil from plastic waste and use the eco-friendly oil as a feedstock of oil refining and pe...

With Hyundai’s Genesis GV60, your face is the key to unlock the door

With Hyundai’s Genesis GV60, your face is the key to unlock the door

If you own Hyundai Motor Co.'s latest premium electric crossover, the GV60, set for roll-out next month, you can just touch the handle and show your...

Hyundai Motor’s shares fall to 9-month low; new mobility key to rebound

Hyundai Motor’s shares fall to 9-month low; new mobility key to rebound

Shares of South Korea’s top automaker Hyundai Motor Co. have fallen to their lowest level in nine months, bucking the trend of its global peer...

Hyundai Glovis charts new waters with world’s first AI-driven self-sailing car carrier fleet Korea’s game studios rebrand as AI tech firms, move into fashion, robotics, media Return of the K-pop queens: Blackpink, Twice power up YG, JYP Samsung to launch AI health coach beta in US by end-2025 South Korea moves to mandate treasury share cancellation