Hyundai Rotem signs high-speed rail car deal with Korail

Hyundai Rotem signs high-speed rail car deal with Korail

Hyundai Rotem Co., a company under the Hyundai Motor Co. Group that specializes in manufacturing rolling stock, defense products and plant equipment...

Korea's CJ Bioscience buys drug candidates from 4D pharma of the UK

Korea's CJ Bioscience buys drug candidates from 4D pharma of the UK

South Korea’s pharmaceutical and healthcare company CJ Bioscience Inc. has acquired drug candidates from the UK's 4D pharma plc. to improve co...

Ssangyong Motor changes name to KG Mobility

Ssangyong Motor changes name to KG Mobility

South Korea’s Ssangyong Motor Co., whose new owner is KG Group, has renamed itself KG Mobility, its first name change in 35 years.With its new...

Kakao Mobility buys UK ride-hailing startup Splyt for global biz

Kakao Mobility buys UK ride-hailing startup Splyt for global biz

South Korea’s Kakao Mobility Corp. said on Wednesday it has acquired the British ride-hailing startup Splyt, marking the first overseas takeov...

Hyundai Mobis develops in-wheel electric motor

Hyundai Mobis develops in-wheel electric motor

Hyundai Mobis, South Korea's largest auto parts manufacturer, announced on Sunday that it developed an "in-wheel system" that places an electric mot...

S.Korean startup Jobis&Villains expands to UK with tax return service

S.Korean startup Jobis&Villains expands to UK with tax return service

Jobis&Villains Corp., a South Korean startup that offers a tax return service called “3o3,” said on Friday that it had set up a loca...

Korean Chips Act set to pass parliament in March; coverage expanded

Korean Chips Act set to pass parliament in March; coverage expanded

South Korea’s answer to the US CHIPS and Science Act is on course for National Assembly approval by the end of this month as the ruling and op...

Kia unveils flagship EV9 design; world premiere in March

Kia unveils flagship EV9 design; world premiere in March

Kia Corp. on Wednesday showcased its large flagship electric sport utility vehicle EV9 as the No. 2 South Korean carmaker is extending its EV lineup...

SK sells US car-sharing firm Turo stake to earn over $32 mn

SK sells US car-sharing firm Turo stake to earn over $32 mn

South Korea’s second-largest conglomerate SK Group exited from Turo, the US top peer-to-peer car-sharing company, to make an estimated return ...

Hyundai to boost India presence via takeover of GM plant

Hyundai to boost India presence via takeover of GM plant

Hyundai Motor Co., the leading South Korean carmaker, is set to expand its presence in India with a takeover of General Motors Co.’s plant in ...

DB HiTek sees capacity utilization rate rise to 80%

DB HiTek sees capacity utilization rate rise to 80%

South Korea's semiconductor foundry company DB HiTek Co. last month saw its capacity utilization rate rise to the mid-80% level thanks to rising dem...

Carmerce raises $2.3 mn in Series A led by Hankook Tire

Carmerce raises $2.3 mn in Series A led by Hankook Tire

South Korea's used car e-commerce platform Carmerce has raised 3 billion won ($2.3 million) in a Series A funding round led by Hankook Tire & ...

Korea's Kumho Tire sponsors Touring Car Championship

Korea's Kumho Tire sponsors Touring Car Championship

Kumho Tire Co. announced on Monday its title sponsorship of the Touring Car Championship (TCR), a global touring car competition, with the organizer...

Hyundai, Kia to join global small EV war with new models

Hyundai, Kia to join global small EV war with new models

Hyundai Motor Group, South Korea’s top automaker, will aim at the world’s affordable small electric vehicle segments with new models as ...

Car-sharing platform Humax Mobility begins IPO process

Car-sharing platform Humax Mobility begins IPO process

Humax Mobility, a South Korean car-sharing and parking platform operator, is aiming to become the second mobility service firm to go public in the c...

LG Uplus to provide infotainment service for Toyota's RAV4 PHEV

LG Uplus to provide infotainment service for Toyota's RAV4 PHEV

South Korean mobile telecom carrier LG Uplus Corp. has announced on Tuesday its plans to install its integrated infotainment (IVI) platform, the Upl...

SK Signet lands first order in UK worth $7.7 million

SK Signet lands first order in UK worth $7.7 million

South Korea's SK Signet Inc., which produces ultra-fast chargers for electric vehicles (EVs), on Monday said its European branch SK Signet Europe in...

Kia participates in IDEX 2023, largest defense exhibition in MENA

Kia participates in IDEX 2023, largest defense exhibition in MENA

On Monday, Kia Corp. announced its participation in IDEX 2023, a defense industry trade show being held at the National Exhibition Center in Abu Dha...

Vaxcell-Bio, Cellid sign MOU to build cancer immunotherapy platform

Vaxcell-Bio, Cellid sign MOU to build cancer immunotherapy platform

Vaxcell-Bio Therapeutics, a South Korean company specializing in anti-cancer immunotherapy, announced on Wednesday its partnership with Cellid Co. t...

Survey reveals consumer preference for hybrid cars over pure EVs

Survey reveals consumer preference for hybrid cars over pure EVs

Although global automakers are ramping up efforts to increase sales of pure electric vehicles (EVs), hybrid models remain the preferred choice among...

Electric vehicles in S.Korea beat diesel cars in sales

Electric vehicles in S.Korea beat diesel cars in sales

Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...

LG Electronics, Qualcomm forge ahead in autonomous driving

LG Electronics, Qualcomm forge ahead in autonomous driving

LG Electronics Inc. has joined forces with Qualcomm Technology to enhance collaboration in the fields of autonomous driving and advanced driver assi...

S.Korea to fine German carmakers for alleged R&D collusion

S.Korea to fine German carmakers for alleged R&D collusion

South Korea’s antitrust body has preliminarily decided to impose a combined fine of 42.3 billion won ($33.5 million) on four German automakers...

Hyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US

Hyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US

Cars.com, a US automobile evaluation website, named the Hyundai Motor Co.'s IONIQ 5 as the Best Electric Vehicle of 2023 on Tuesday. According to Hy...

Coreline Soft to supply AI diagnosis solution to France

Coreline Soft to supply AI diagnosis solution to France

Coreline Soft, a South Korean company specializing in developing medical artificial intelligence (AI) devices, said on Tuesday that it has signed an...

UK's Croda to buy Korean bio materials maker for $286 mn

UK's Croda to buy Korean bio materials maker for $286 mn

Croda International Plc., a British specialty chemicals company, is set to acquire South Korean bio materials producer Solus Biotech Co. for some 35...

LG Elec eyes profit from EV powertrain, car lighting biz

LG Elec eyes profit from EV powertrain, car lighting biz

LG Electronics Inc., the world’s leading home appliance maker, aims to take profit from the electric vehicle powertrain and car lighting units...

Hyundai, Kia cars selected Best Imported Cars in Germany

Hyundai, Kia cars selected Best Imported Cars in Germany

Hyundai Motor Group was recognized for its overwhelming quality in Germany, which is widely considered the home of automobiles.Hyundai Motor Group s...

S.Korea's BSI hits 30-month low amid poor business sentiment

S.Korea's BSI hits 30-month low amid poor business sentiment

The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two...

Celltrion increases its stake in British ADC developer Iksuda

Celltrion increases its stake in British ADC developer Iksuda

Celltrion Inc. has secured an additional stake in the UK's antibody-drug conjugate (ADC) developer Iksuda Therapeutics.According to Celltrion on Wed...

Fictional K-pop band Saja Boys beat BTS, Blackpink to top US Spotify charts S.Korea’s extra budget approved; IBs lift economic forecast BTS’ Suga, MLB star Chan Ho Park to join Oakland Athletics as shareholders Celltrion secures $730 mn to buy biosimilar unit shares, pursue M&A Korean commercial act revision to drive reevaluation of equities: J.P. Morgan