GM asks LG Energy to share huge portion of US EV tax benefits

General Motor Co., the leading US automaker, has asked LG Energy Solution Ltd., the world’s second-largest electric vehicle battery manufactur...

Hyundai Mobis unveils world’s first QL display for vehicles

South Korea’s top auto parts maker Hyundai Mobis Co. said on Thursday it has developed an innovative premium display for vehicles – the ...

Celltrion Healthcare's Remsima SC to be launched in US in 2024

Celltrion Healthcare Co. announced on Thursday that its autoimmune disease treatment Zymfentra (the US product name for Remsima SC) is set to be lau...

Hyundai IONIQ 5 N named 2023 Car of the Year by TopGear

South Korea's Hyundai Motor Group announced on Thursday that Hyundai Motor Co.'s IONIQ 5 N electric vehicle has been named Car of the Year and Kia C...

SK gives up e-commerce platform management

SK Group, South Korea's No. 2 conglomerate, gave up its online retail platform 11Street Co. as financial investors are now able to sell off their st...

KHNP eyes Canada's nuclear energy project with ARC, NB Power

Korea Hydro and Nuclear Power Co. (KHNP) said on Wednesday it has signed a non-binding agreement with ARC Clean Technology Canada Inc. and New Bruns...

HD Hyundai taps RCE to go global with used heavy machinery

HD Hyundai Construction Equipment Co., the construction machinery provider under South Korean shipbuilding conglomerate HD Hyundai Group, will ventu...

Hyundai Elevator, ERBUD forge partnership for Ukraine's rebuilding efforts

South Korea's Hyundai Elevator Co. signed a memorandum of understanding (MOU) with ERBUD, a leading Polish construction company, on November 28, in ...

Iljin Electric bags $333 mn high-voltage transformer deal in US

Iljin Electric Co. has won its largest-ever 431.8 billion won ($333.2 billion) order to supply high-voltage transformers to a US energy company, the...

Hyundai Motor’s Uniwheel offers new paradigm for future mobility

Mobility has evolved at an incredible pace over the years. But there’s one thing that hardly changes – the configuration of the drivetra...

LG H&H to boost marketing of makeup brands in Japan

South Korea's LG H&H Co. announced on Tuesday that it will boost marketing of its premium makeup brands "Glint by VDIVOV" (Glint) and "freshian"...

Samsung’s Harman ups ante in home audio market with Roon

Harman International has taken over Roon Labs, the multi-device and multi-room audio technology company popular among audiophiles for its streaming ...

Korean defense sector to offset semiconductor downturn: FT

South Korea’s defense sector is enjoying booming demand from countries across the world that are cutting their reliance on Russian weapons, of...

Car sales may sputter in 2024 amid EV policy risk: Research

The global automobile market is on track to recover to pre-pandemic levels this year and is expected to grow at a moderate pace amid a prolonged eco...

L&F to invest $1.9 bn to build key battery materials plants

DAEGU, South Korea – L&F Co., South Korea’s major cathode supplier seeking to transform into a comprehensive battery materials produ...

Hanwha Ocean wins $125.5 mn order for VLAC

South Korea's Hanwha Ocean Co. announced on Monday that it secured an order for one very large ammonia carrier (VLAC) from a shipowner in Oceania fo...

Hyundai's Chung Euisun lauded for future-minded leadership

Hyundai Motor Group’s Executive Chairman Chung Euisun is firming his reputation as a leader in the global auto industry as he is once again re...

HD Hyundai wins $72 mn power equipment order in Saudi

HD Hyundai Electric Co., the electrical equipment and energy solution company under South Korea’s shipbuilding giant HD Hyundai Co., has won a...

Hyundai Kona Electric beats Honda in German test

Hyundai Motor Co. announced on Friday that its best-selling electric vehicle (EV) compact sports utility vehicle (SUV) Kona Electric received higher...

Lotte Fine to invest $99 mn to up green materials sales by 6 times  

Lotte Fine Chemical Co., South Korea’s largest ammonia producer, will spend a total of 129 billion won ($99 million) in an aim to become the w...

Black Friday sales offer short-lived relief to Korean retailers

South Korean retailers and fashion outlets are seeing record-breaking sales during their big discount events this month, but industry watchers said ...

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...

Compelling investment opportunity in US data center market: Principal

Current tenant demand for data centers has never been stronger and is growing at an unprecedented rate. Investors have started to take notice and ma...

Hyundai delays IONIQ 5 robotaxi service in US

Motional, the US-based self-driving joint venture of South Korea's Hyundai Motor Group and Aptiv, postponed its plans to launch a commercial robotax...

Hyundai to build EV battery pack plant in India by 2025

South Korea’s top automaker Hyundai Motor Co. is set to invest 7 billion rupees ($84 million) to build an electric vehicle battery pack assemb...

HD Hyundai builds Aegis destroyer with anti-ballistic missiles

ULSAN, South Korea –  At the shipyard of HD Hyundai Heavy Industries Co. on Nov. 20 in Ulsan, South Gyeongsang Province, South Korea's ne...

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...

Lotte Hotels & Resorts ups ante in kimchi business

South Korea’s largest hotel group Lotte Hotels & Resorts is pinning high hopes on kimchi as a new revenue source amid intensifying competi...

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...

South Korea’s Hankook Tire looks to direct tire sales in Taiwan

Hankook Tire & Technology Co., South Korea’s top tire manufacturer, is launching a local corporation in Taiwan to directly sell tires in t...