Hyundai’s NEXO crossover tops world’s hydrogen vehicle market

Hyundai Motor Co.'s NEXO crossover has become the world’s best-selling hydrogen fuel cell electric vehicle (FCEV) in the first eight months of...

KSOE in $1.5 billion shipbuilding deals with Maersk, Excelerate Energy

Korea Shipbuilding & Offshore Engineering Co. said on Wednesday it has clinched a 1.62 trillion won ($1.15 billion) order to build six methanol-...

Hyundai Heavy's KSOE expected to turn to black in Q3

Korea Shipbuilding & Offshore Engineering Co. (KSOE), under Hyundai Heavy Industries Group, is forecast to have turned to the black for the firs...

EVs, hybrids in growing demand in used car market

Eco-friendly cars such as electric vehicles and hybrids have increased their share in South Korea's used car market, together accounting for 36% of ...

Hyundai, Iveco unveil jointly developed hydrogen van

South Korea's Hyundai Motor Co. and Italian truck maker Iveco Group on Monday showcased a large commercial van powered by hydrogen, which they had j...

Hyundai CEO says on track for hydrogen-fueled NEXO’s new model

Hyundai Motor Co. is on track to develop a revamped model of its hydrogen fuel car NEXO, its chief executive said on Wednesday, as the South Korean ...

SK Ecoplant to supply fuel cells to China’s top data center operator GDS

South Korea’s SK Ecoplant Co. has forged a partnership with China’s top data center developer and operator GDS to jointly enter the Sout...

Growing sense of déjà vu of 2008 global financial crisis

Private equity firms have snapped up South Korean assets over the past two years, driving their valuations near historic highs in the liquidity-driv...

Solar cells & modules, Hyundai Heavy’s hidden growth fuel

Hyundai Heavy Industries Group, the world’s top shipbuilder, secured another future growth engine from its solar cells and modules business on...

Lotte Chem, Itochu join hands on hydrogen, ammonia biz

South Korea’s major petrochemical producer Lotte Chemical Corp. and a Japanese trading house Itochu Corp. joined forces for the hydrogen and a...

Korean LPG firm E1 starts hydrogen fueling business

South Korea’s major liquefied petroleum gas (LPG) distributor E1 Corp. made inroads into the hydrogen industry by setting up the eco-friendly ...

Korea’s HMM to invest $11 bn in ships, eco-friendly fuels

South Korea’s largest container line HMM Co. is set to spend 15 trillion won ($11.4 billion) by 2026 to diversify business amid the volatility...

Korea's top refiners likely to see strong 2022 despite tax concerns

South Korea's oil refining margin, a key indicator of refiners' profitability, dropped below $20 over the past month amid global recession fears. Ho...

Samsung to fuel rivalry with Sony in mobile image sensor market

Samsung Electronics Co. is set to narrow the gap with bigger competitor Sony in the global image sensor market. The South Korean tech giant introduc...

Petrochem firms to fuel plants with self-supplied power

South Korea’s petrochemical companies will build power plants for the first time in their history to meet their rising energy needs on a stabl...

Korea airlines grounded by oil, currency, interest rates

South Korea’s airlines are suffering from surging oil prices, a weaker won and rising interest rates as the global border reopening has yet to...

Danfoss installs energy-saving heating systems in Korea's tallest building

SONDERBORG, Denmark – Denmark’s eco-friendly energy system provider Danfoss has made inroads into South Korea, installing its energy-eff...

SK to invest $30 mn in ammonia-based power solutions developer Amogy

SK Innovation Co. announced Tuesday it will inject $30 million into Brooklyn-based Amogy Inc. The intermediate holding company of SK Group and ...

SK Gas, Lotte Chemical to launch JV for hydrogen power generation

SK Gas Co., a South Korean major liquefied petroleum gas (LPG) provider, and Korean chemicals firm Lotte Chemical Corp. are slated to set up a joint...

S&P lowers KEPCO’s stand-alone credit rating to non-investment grade

Standard & Poor's (S&P), an international credit rating agency, has lowered Korea Electric Power Corp.'s stand-alone credit profile to non-i...

Musinsa drops plan to buy Japan-focused rival fashion platform

South Korea’s top online fashion platform Musinsa withdrew a plan to acquire a local rival that focuses on Japanese shoppers.The move indicate...

HR startups outwit job posting sites for IT workers

The growing trend toward personalized hiring and the rising demand for technology developers are encouraging South Korea’s human resources tec...

Hyundai Heavy's engine unit emerges as golden goose

Hyundai Heavy Industries Co., a South Korean shipbuilding giant, is seeing its marine engine business unit emerge as the company’s cash cow.Th...

Hyundai Rotem to kick off liquid hydrogen fueling station project

Hyundai Rotem Co., a South Korea’s railway system maker under Hyundai Motor Group, said on Friday that it has won a demonstration project to b...

KSOE opens R&D center in Germany for future technology

Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of the world’s top shipbuilder Hyundai Heavy Indus...

Low-carbon energy costs to haunt airlines from 2025

The European Union's tougher emission standards are creating a new headache for airline companies, which are raising their international flights to ...

Philippines LCS Group buys Korea’s special purpose vessel maker

The Philippines’ LCS Group of Companies bought a South Korean special purpose vessel maker as it aims to supply defense products to the Southe...

Korea shipbuilders aim for strong demand on tougher rules

South Korea’s shipbuilders targeted demand for new vessels and ship modification as tougher environmental regulations are scheduled to take ef...

Hyundai, Iveco to cooperate on commercial vehicles

Hyundai Motor Co., South Korea’s top automaker, and Iveco Group NV, Italia's truck maker, have agreed to join hands on their commercial vehicl...

KEPCO at record loss on fuel costs; wider losses seen in 2022

South Korean power utility KEPCO Co. reported its largest-ever operating loss of nearly 6 trillion won ($5 billion) in 2021, after it froze the elec...