North American Car Truck and Utility Vehicle of the Year Awards
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Korean startups
Music copyright trading platform Musicow attracts $46 mn from STIC
Musicow Inc. has garnered an additional 60 billion won ($45.8 million) from Seoul-based venture capital and private equity firm STIC Investments Inc...
May 23, 2023 (Gmt+09:00)
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Banking & Finance
Korea's loan delinquency rates soar; outlook to worsen in H2
South Korean banks are seeing loan delinquency rates surge due to the increase in lending during the pandemic and a series of rate hikes. The rates ...
May 22, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s N Vision 74 praised at Italy’s classic-concept car show
Hyundai Motor Co., which has stunned the auto industry with its rebuilt 1974 Pony Coupe concept, has again enthralled car enthusiasts with its ...
May 22, 2023 (Gmt+09:00)
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Automobiles
Hyundai completes Nürburgring 24 Hours for 8th consecutive year
South Korea's Hyundai Motor Co. announced on Monday that its Elantra N TCR (known domestically as Avante N TCR) and i30 Fastback N Cup Car triumphed...
May 22, 2023 (Gmt+09:00)
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Automobiles
Hyundai’s design inspiration: Pony Concept restored after 50 years
For Hyundai Motor Co., the Pony – its first car – is a bittersweet memory.When Hyundai set its sights on car manufacturing back in 1974,...
May 19, 2023 (Gmt+09:00)
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Hydrogen economy
Korea's SK E&S plans $14 bn joint investment in hydrogen biz
South Korea’s SK E&S Co. is poised to spend 18.5 trillion won ($13.9 billion) with partners by 2025 to set up a hydrogen industry value ch...
May 19, 2023 (Gmt+09:00)
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Travel & Leisure
Designer of 2018 Winter Olympic cauldron returns with solo golf cart
Personal space has become more important since the COVID-19 pandemic swept the world, and one South Korean-led industrial design company has develop...
May 19, 2023 (Gmt+09:00)
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Automobiles
Chevrolet Trailblazer tops in US small SUV market
Chevrolet Trailblazer claimed the top spot in the subcompact crossover SUV market in the United States in the month of April. It maintained its posi...
May 17, 2023 (Gmt+09:00)
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Korean chipmakers
SK Hynix seeks to raise $373 million as chip recovery looms large
SK Hynix Inc., the world’s second-largest memory chipmaker, is seeking to raise as much as 500 billion won ($373 million) in bank loans to sec...
May 17, 2023 (Gmt+09:00)
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Electronics
Samsung Display's QD-OLED wins SID award
South Korea's Samsung Display announced on Wednesday that its quantum-dot organic light emitting diode (QD-OLED) product received "Displays of the Y...
May 17, 2023 (Gmt+09:00)
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Future mobility
Hyundai Rotem's hydrogen fuel cell tram wins iF Design Award
Hyundai Rotem is South Korea's first rail company to win a global design award, with its hydrogen fuel cell tram claiming the main prize in the pr...
May 16, 2023 (Gmt+09:00)
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Automobiles
S.Korea’s January-April car exports at record high of $23.2 bn
In an impressive surge, South Korea's automobile exports soared to an unprecedented high of $6.16 billion (8.2 trillion won) in April, marking a sta...
May 16, 2023 (Gmt+09:00)
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The KED View
Korean won needs economic fundamentals recovery for rebound
The South Korean won is underperforming most other currencies as Asia’s fourth-largest economy is gradually losing steam for long-term growth....
May 16, 2023 (Gmt+09:00)
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Petrochemicals
Kolon Industries to expand high-value specialty petroleum products plant
Kolon Industries Inc., a leading industrial materials maker in South Korea, announced on Monday that it will invest 24 billion won ($17.94 million) ...
May 15, 2023 (Gmt+09:00)
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Artificial intelligence
Samsung, Naver to jointly develop generative AI to rival ChatGPT
South Korea’s two tech giants – Samsung Electronics Co. and Naver Corp. – have agreed to jointly develop a generative artificial i...
May 14, 2023 (Gmt+09:00)
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K-pop
BTS’ memoir of past decade to be published in July
A book describing the K-pop boy band BTS’ 10 years of history will be published in July.According to the New York Times and the Guardian, the ...
May 12, 2023 (Gmt+09:00)
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Earnings
KEPCO vows to save $19 bn in 5 yrs; CEO offers to resign over swelling losses
South Korea’s state-run utility monopoly Korea Electric Power Corp. (KEPCO) on Friday vowed to save nearly 26 trillion won ($19.5 billion) ove...
May 12, 2023 (Gmt+09:00)
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Automobiles
Hyundai Motor posts largest share of global hydrogen car market in Q1
Hyundai Motor Co. in the first quarter controlled over half of the global market for fuel cell electric vehicles (FCEV) powered by hydrogen thanks t...
May 12, 2023 (Gmt+09:00)
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Automobiles
LG Electronics' German affiliate gets partner for vehicle front development
ZKW Group of Germany, an automotive lighting and headlight affiliate of LG Electronics Inc., on Thursday said it signed a memorandum of understandin...
May 12, 2023 (Gmt+09:00)
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Future mobility
Kia, Kakao Mobility to jointly develop PBV for ride-hailing
Kia Corp. and Kakao Mobility announced on Friday that they have signed the previous day a memorandum of understanding for the development of a purpo...
May 12, 2023 (Gmt+09:00)
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Retail
S.Korea’s Dongdaemun fashion district shows revival post-COVID-19
Doosan Tower, the most visible shopping mall in the Dongdaemun fashion market, is finally making a comeback. The number of foreign visitors seeking ...
May 11, 2023 (Gmt+09:00)
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Electronics
Samsung’s new Bespoke line: It's time of reckoning for device chief
Han Jong-hee, Samsung Electronics Co.'s vice chairman, has been in charge of the South Korean tech giant’s digital experience or DX division, ...
May 11, 2023 (Gmt+09:00)
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Aerospace & Defense
S.Korea to apply private advanced tech to military weapons in 5 years
South Korea has approved a fast-track system that slashes complex administrative procedures for application of private technology to the military&rs...
May 11, 2023 (Gmt+09:00)
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Chemical Industry
Kolon Industries to increase aramid pulp production for EVs
Kolon Industries Inc., a leading industrial materials maker in South Korea, said on Wednesday it will inject 22 billion won ($16.6 million) to expan...
May 10, 2023 (Gmt+09:00)
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Earnings
SK Telecom to further develop AI, its growth driver in Q1
SK Telecom Co. beat market expectations for its first-quarter earnings thanks to its robust non-telecom businesses and vowed to continue to bolster ...
May 10, 2023 (Gmt+09:00)
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Energy
Hanwha Q Cells holds No.1 position in US solar module market
Hanwha Q Cells Co., a unit of South Korea’s chemicals-to-construction conglomerate Hanwha Group, secured the top position in the US resid...
May 10, 2023 (Gmt+09:00)
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Bio & Pharma
Huons sees tripling of lidocaine vial output in 3 years
South Korea’s Huons Co., an anesthetics vial producer, aims to triple its lidocaine output from 2026, targeting the US market, where it fills ...
May 09, 2023 (Gmt+09:00)
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Korean games
S.Korea's game companies wage intense war in MMORPG sector
South Korea's massively multiplayer online role-playing games (MMORPG), a mainstream genre in domestic games, is showing signs of an increasingly he...
May 09, 2023 (Gmt+09:00)
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Earnings
Poshmark powers Naver earnings; HyperCLOVA X the next booster
South Korea’s online giant Naver Corp. reported better-than-expected quarterly earnings thanks to strong sales of Poshmark Inc. in the US. It ...
May 09, 2023 (Gmt+09:00)
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Automobiles
Hankook Tire takes on market for high-end sports cars
South Korea's Hankook Tire & Technology is reinforcing its partnerships with makers of high-performance sports cars based on a systematic develo...
May 09, 2023 (Gmt+09:00)
Latest News
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- 2 LG Chem closes $1 bn water filter division sale to Glenwood PE
- 3 Hyundai Motor-backed Motional names AI veteran Laura Major as CEO
- 4 President Lee: Businesses at center of policy priorities for economic growth
- 5 Samsung supplies HBM3E to AMD’s new accelerators