Staria multi-purpose vehicle
Scope
Date
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Economy
S.Korea’s current account surplus near 3-year high on chips
South Korea’s current account surplus touched a near three-year high in February as goods exports continued to grow on strong overseas sales o...
Apr 05, 2024 (Gmt+09:00)
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Tech, Media & Telecom
LG Uplus, Mobirix to jointly develop car infotainment
South Korea's LG Uplus Corp. announced on Tuesday that it signed a memorandum of understanding (MOU) with the domestic mobile game developer Mobir...
Apr 02, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor’s IONIQ 5 robotaxi passes US driver’s license test
Soon, it will no longer be the stuff of sci-fi movies for a robocop to stop a self-driving car for speeding and for the human-less autonomous vehicl...
Apr 01, 2024 (Gmt+09:00)
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Automobiles
Kia, Hyundai sweep World Car Awards with EV9, IONIQ 5 N
NEW YORK – Hyundai Motor Group, the world’s No. 3 carmaker, has swept the 2024 World Car Awards, a global premier standard for automotiv...
Mar 28, 2024 (Gmt+09:00)
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Machinery
Hanwha Ocean develops VR-based special vehicle simulator
South Korea's Hanwha Ocean Co., the world's third-largest shipbuilder, announced on Tuesday that it has developed the world's first virtual realit...
Mar 26, 2024 (Gmt+09:00)
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Batteries
L&F signs $9.7 bn cathode supply contract with SK On
South Korea's cathode supplier L&F Co. announced that it signed a contract with the rechargeable battery maker SK On for an electric vehicle (...
Mar 25, 2024 (Gmt+09:00)
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Corporate strategy
Hyundai vows to cut costs, seek shift toward SDVs as EV uptake slows
South Korea’s top automaker Hyundai Motor Co. has vowed to sharpen its electric vehicle price competitiveness through tech advancement and eff...
Mar 21, 2024 (Gmt+09:00)
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Beauty & Cosmetics
Sephora to exit S.Korean market in May
Sephora, the world's leading multi-brand beauty retailer and an affiliate of French luxury conglomerate LVMH, announced on Tuesday that it will exit...
Mar 20, 2024 (Gmt+09:00)
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Electric vehicles
Kia’s volume model EV3 to spearhead its electrification push: CEO
Kia Corp., South Korea’s second-largest automaker, said on Friday its upcoming volume electric model EV3 will spearhead the company’s el...
Mar 15, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor unveils design of commercial EV platform
Hyundai Motor Co. unveiled the design of its first commercial electric vehicle (EV) platform ST1 on Thursday. ST1 is a commercial platform based on ...
Mar 14, 2024 (Gmt+09:00)
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Petrochemicals
LG Chem to close base chemical styrene monomer business
LG Chem Ltd., South Korea's No. 1 petrochemical company, will shut down its styrene monomer (SM) production line this month and is mulling closing a...
Mar 13, 2024 (Gmt+09:00)
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Automobiles
BMW EV sales roar in Korea on strong lineup of new models
BMW, already one of the top two best-selling imported car sellers in South Korea, has beaten the world’s No. 1 EV seller Tesla Inc. in the cou...
Mar 11, 2024 (Gmt+09:00)
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Automobiles
Samsung Electro-Mechanics to supply hybrid camera lenses to Hyundai
Samsung Electro-Mechanics Co., a leading South Korean electronics parts maker, plans to begin supplying hybrid lenses for automotive camera modules ...
Mar 10, 2024 (Gmt+09:00)
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Automobiles
Kia streamlines global sales service for EV transition
Kia Corp., a South Korean carmaker under Hyundai Motor Group, has drastically reorganized its global after-sales service operations to offer more sy...
Mar 08, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai’s IONIQ 6: Most efficient electric vehicle in US
Hyundai Motor Co.'s electric sedan IONIQ 6 has been named the most energy-efficient vehicle in the US, further driving the South Korean automaker&rs...
Mar 04, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor unveils 2024 Staria Hybrid
Hyundai Motor Co. announced on Wednesday that it will begin pre-orders for the upcoming Staria Hybrid model and the 2024 Staria on Feb. 28. H...
Feb 28, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HMM, Hyundai Glovis aim for car shipping sector as rates jump
South Korea’s major ocean carriers HMM Co. and Hyundai Glovis Co. aim to take advantage of the booming car shipping business as vehicle freigh...
Feb 20, 2024 (Gmt+09:00)
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Aerospace & Defense
Perigee, Philippines gov’t to recycle small launch vehicle
South Korea's Perigee Aerospace Inc. announced on Tuesday that it has discussed collaboration with the Philippine Space Agency (PhilSA) for the laun...
Feb 20, 2024 (Gmt+09:00)
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Aerospace & Defense
KAI, Hyundai Rotem start space mobility working group
Korea Aerospace Industries Ltd. (KAI) and Hyundai Rotem Co. announced on Friday that they held a kickoff meeting for a working group on the commerci...
Feb 16, 2024 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to take over Hyundai Mobis' fuel cell business
Hyundai Motor Co. will take over its auto parts and components-producing sibling Hyundai Mobis Co.'s fuel cell business, accelerating the South Kore...
Feb 16, 2024 (Gmt+09:00)
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Automobiles
South Korea's car exports to US hit record high in 2023
South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion’s share of South ...
Feb 16, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung Electronics to hire big for AI R&D careers
Samsung Electronics Co. is ramping up its recruitment of experienced professionals across its Device eXperience (DX) and Device Solution (DS) divisi...
Feb 15, 2024 (Gmt+09:00)
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Aerospace & Defense
Kia rides defense sector boom with military vehicles
Kia Corp., South Korea’s second-largest automaker, has unveiled its next-generation military vehicle technologies at the largest defense exhib...
Feb 06, 2024 (Gmt+09:00)
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Aerospace & Defense
LIG Nex1, Hyundai Rotem to team up for Middle East export
South Korea's major defense maker LIG Nex1 Co. announced on Tuesday that it has signed a memorandum of understanding (MOU) with Hyundai Rotem Co. to...
Feb 06, 2024 (Gmt+09:00)
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Cloud computing
Naver Cloud, NHN Cloud to co-work for hyperscale AI
South Korea's Naver Cloud, the cloud computing unit of Naver Corp., and NHN Cloud Corp., announced on Monday that they have signed a memorandum of u...
Feb 05, 2024 (Gmt+09:00)
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Batteries
LG Energy to supply $748 million worth of batteries to Japan’s Isuzu Motors
LG Energy Solution Ltd., one of the world’s leading battery makers, has agreed to supply its cylindrical batteries to Isuzu Motors Ltd., Japan...
Jan 26, 2024 (Gmt+09:00)
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Earnings
LG Electronics likely ahead of Whirlpool with record 2023 sales
LG Electronics Inc. is consolidating its lead over Whirlpool Corp. as the world’s top home appliances maker as the South Korean electronics ma...
Jan 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor, SK Enmove to join forces for next-generation vehicle refrigerants
Hyundai Motor Group and SK Enmove Co. on Thursday signed a memorandum of understanding to collaborate in developing refrigerants for next-generation...
Jan 25, 2024 (Gmt+09:00)
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Future mobility
Hyundai Motor units join hands for logistics solutions
Hyundai Motor Group’s autonomous driving technology arm 42dot Inc. has joined hands with its sister companies Hyundai Glovis Co. and Hyundai C...
Jan 24, 2024 (Gmt+09:00)
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Pension funds
Korean military fund anchors $142 mn real estate fund
South Korea’s Military Mutual Aid Association (MMAA), a retirement savings fund for military personnel, is set to become an anchor investor in...
Jan 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