Hilton Seoul to transform into UAM landing area

Hilton Seoul to transform into UAM landing area

South Korea's Hyundai Engineering & Construction Co. (Hyundai E&C) plans to build the country's first landing area for urban air mobility (U...

Korea shipbuilders shine in cloudy stock market on strong orders

Korea shipbuilders shine in cloudy stock market on strong orders

South Korean shipbuilders’ shares stood high in the subdued local stock market as strong order books stoked predictions of earnings improvemen...

Korea firms’ Shanghai plants to remain disrupted long on lockdown

Korea firms’ Shanghai plants to remain disrupted long on lockdown

South Korean companies’ production in Shanghai is expected to remain disrupted long on the lockdown to curb the spread of COVID-19, raising co...

IONIQ 5 emerges as EV game changer with industry accolades

IONIQ 5 emerges as EV game changer with industry accolades

NEW YORK – Hyundai Motor Co.'s all-electric IONIQ 5 crossover has been named the World Car of the Year following a series of recent indus...

Hyundai to build EVs at US plant; Electrified GV70 to roll out in Dec.

Hyundai to build EVs at US plant; Electrified GV70 to roll out in Dec.

NEW YORK – Hyundai Motor Co. is spending $300 million to add an electric vehicle production line to its manufacturing plant in Alabama as the ...

Hyundai’s Chung named auto industry Visionary of the Year

Hyundai’s Chung named auto industry Visionary of the Year

Hyundai Motor Group Chairman Chung Euisun was named the automobile industry's Visionary of the Year by Newsweek, which credited him for driving tran...

Hyundai to tackle EV rivals head on at New York auto show

Hyundai to tackle EV rivals head on at New York auto show

NEW YORK – Hyundai Motor Co. and its affiliate Kia Corp. are set to fully unveil their redesigned vehicles at the upcoming New York Auto Show ...

Hyundai Motor unveils new EV charging platform to take on Tesla

Hyundai Motor unveils new EV charging platform to take on Tesla

Hyundai Motor Co. on Monday unveiled a new electric vehicle charging service platform as the top South Korean automaker takes on global rival Tesla ...

Hanwha breaks ground on howitzer plant in Australia

Hanwha breaks ground on howitzer plant in Australia

South Korea’s Hanwha Defense Co., the world’s top self-propelled howitzer producer, has kicked off the construction of its first oversea...

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical to raise $244 mn in green bonds

POSCO Chemical Co., South Korean steelmaker POSCO Group’s chemical and battery material unit, said on April 8 that it will issue green bonds w...

Kumho Tire, labor union in tug of war over international plants

Kumho Tire, labor union in tug of war over international plants

Kumho Tire Co., South Korea’s No. 2 tire maker, struggled to agree with its unionized workers on more overseas plants although the company des...

POSCO Chem breaks ground for battery material plant

POSCO Chem breaks ground for battery material plant

South Korea’s POSCO Chemical Co. started construction of a battery material plant in the country as a part of its plan to boost production cap...

S.Korea to scrap ambitious 2050 renewable energy target

S.Korea to scrap ambitious 2050 renewable energy target

South Korea’s incoming government will scrap the country’s ambitious goals of expanding renewable energy sources to 70% of the electrici...

Hyundai Motor, Kia rank fifth in global electric vehicle sales

Hyundai Motor, Kia rank fifth in global electric vehicle sales

South Korea’s two largest automakers, Hyundai Motor Co. and Kia Corp., ranked fifth in terms of electric vehicle sales, which posted triple-di...

Hyundai, Kia outperform competitors in US in Q1

Hyundai, Kia outperform competitors in US in Q1

Hyundai Motor Co. and Kia Corp., automaking units of Hyundai Motor Group, logged a smaller decline in US car sales than their global competitors in ...

Hyundai Motor shares set to rebound after hitting trough

Hyundai Motor shares set to rebound after hitting trough

South Korean top automaker Hyundai Motor Co.'s shares are poised for a rebound. On March 30, the stock rose by 2.55% to 181,000 won ($149.46), 11.73...

Hyundai E&C, Holtec sign nuclear power plant decommissioning deal

Hyundai E&C, Holtec sign nuclear power plant decommissioning deal

Hyundai Engineering & Construction Co. is tapping into the US nuclear power plant dismantlement market by expanding its partnership with Holtec ...

Kia set to break ground on purpose-built vehicle plant in 2023

Kia set to break ground on purpose-built vehicle plant in 2023

Kia Corp., South Korea’s second-largest automaker, plans to break ground on the construction of its first purpose-built vehicle (PBV) plant ne...

Daesang’s first Korean kimchi plant in US up and running

Daesang’s first Korean kimchi plant in US up and running

South Korean food maker Daesang Corp. has completed the construction of a kimchi plant in the US, its first factory outside Asia, which the company ...

HD Hyundai files complaint against EU's veto of DSME merger

HD Hyundai files complaint against EU's veto of DSME merger

HD Hyundai, formerly known as Hyundai Heavy Industries Holdings Co., has filed a complaint against the European Commission, the executive body of th...

Kakao hits snag in $815 mn SM Entertainment takeover plan

Kakao hits snag in $815 mn SM Entertainment takeover plan

Kakao Entertainment Corp. has hit a snag in its talks to buy a controlling stake in SM Entertainment Co., according to those familiar with the neg...

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia plans new Korea plant first time in 25 years for purpose-built vehicles

Kia Corp., South Korea’s No. 2 automaker, will set up a new domestic factory for the first time in 25 years to produce purpose-built vehicles ...

LG Energy, Stellantis to build $4.1 billion battery plant in Canada

LG Energy, Stellantis to build $4.1 billion battery plant in Canada

The world’s second-largest battery maker LG Energy Solution Ltd. and multinational automaker Stellantis N.V. have agreed to build a $4.1 billi...

Samsung, Hyundai amass record-high levels of cash

Samsung, Hyundai amass record-high levels of cash

Major South Korean companies such as Samsung Electronics Co. and Hyundai Motor Co. have accumulated more cash than ever before amid growing uncertai...

Hyundai to adopt multiple car assembly system at local plant from August

Hyundai to adopt multiple car assembly system at local plant from August

Hyundai Motor Co. is introducing a multiple vehicle assembly system at its main plant in South Korea to better respond to rising market demand for d...

Korean ad agencies vying for bigger slice of virtual space

Korean ad agencies vying for bigger slice of virtual space

South Korean advertisement agencies, led by Innocean Worldwide Inc. and Cheil Worldwide Inc., are stepping up efforts to acquire digital technology ...

Chung Ki-sun joins KSOE boardroom, to take helm at Hyundai Heavy

Chung Ki-sun joins KSOE boardroom, to take helm at Hyundai Heavy

Hyundai Heavy Industries Group’s heir apparent Chung Ki-sun has been appointed as a co-chief executive and a registered director of Korea Ship...

LG Energy considers billion-dollar battery plant in Arizona

LG Energy considers billion-dollar battery plant in Arizona

South Korea’s LG Energy Solution Ltd. may build a billion-dollar battery plant in the US state of Arizona to meet growing demand in North Amer...

Hyundai Dept. Store to buy Zinus for $735 mn

Hyundai Dept. Store to buy Zinus for $735 mn

South Korea’s major retailer Hyundai Department Store Group is set to buy Zinus Inc., a maker of best-selling mattresses in North America for ...

POSCO to invest $4 bn in Argentina battery materials project

POSCO to invest $4 bn in Argentina battery materials project

South Korea’s POSCO Group is set to spend $4 billion for the capacity expansion of a new lithium hydroxide factory in Argentina and cathode ma...

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