S.Korean startup enters UK market for wireless charging of EVs

S.Korean startup enters UK market for wireless charging of EVs

A South Korean startup will enter the British market for wireless charging facilities for electric vehicles (EV), as Korean firms speed up their adv...

KT to commercialize self-driving robots with startup Neubility

KT to commercialize self-driving robots with startup Neubility

KT said on Friday that it has signed a partnership agreement with Neubility, an outdoor self-driving robot developer, to expand its robot service bu...

LG Chem in $95.5 million drug out-licensing deal with China’s Innovent

LG Chem in $95.5 million drug out-licensing deal with China’s Innovent

LG Chem Life Sciences, the biopharmaceutical unit of LG Chem Ltd., and China’s biotech company Innovent Biologics have entered into a strategi...

Hyundai CE to support low-interest installment financing for customers

Hyundai CE to support low-interest installment financing for customers

South Korea's Hyundai Construction Equipment Co. Ltd. has joined hands with Hyundai Commercial, a company specializing in industrial and corporate f...

LG Electronics, Corning join hands to develop curved glass for vehicles

LG Electronics, Corning join hands to develop curved glass for vehicles

LG Electronics and Corning said Wednesday that they have agreed to jointly develop a glass solution for curved displays for vehicles.The two compani...

Hyundai Motor enters Israeli market for hydrogen-powered trucks

Hyundai Motor enters Israeli market for hydrogen-powered trucks

Hyundai Motor Co. is expanding in the Middle East through the debut in Israel of its hydrogen fuel cell truck line Xcient. The carmaker on Tuesday ...

LG Energy-GM JV secures $2.5 bn loan from US for EV battery production

LG Energy-GM JV secures $2.5 bn loan from US for EV battery production

South Korean battery maker LG Energy Solution Ltd. said on Wednesday its joint venture with General Motors Co. has attracted $2.5 billion via a loan...

Ace View’s surround view monitoring system works at high speed

Ace View’s surround view monitoring system works at high speed

Ace View Co., a South Korean surround view monitoring system provider, has unveiled a new product that works at driving speeds of as high as 100 km ...

SK Energy buys stake in subscription car wash service

SK Energy buys stake in subscription car wash service

South Korea is seeing growth in the variety of services for the rising number of eco-friendly electric vehicles (EVs) on the nation's roads.Industry...

Hyundai Motor sells hydrogen-powered truck Xcient in S.Korea

Hyundai Motor sells hydrogen-powered truck Xcient in S.Korea

Hyundai Motor Co. on Thursday said it launched sales of its hydrogen-powered fuel cell truck Xcient Fuel Cell in South Korea.The model is the worl...

Twelve Labs secures $12 mn for AI-powered video analysis platform

Twelve Labs secures $12 mn for AI-powered video analysis platform

Twelve Labs Inc., a South Korean artificial intelligence-powered video search platform developer, closed its seed extension round with an additional...

Kakao Brain to unveil AI chest X-ray diagnosis service next year

Kakao Brain to unveil AI chest X-ray diagnosis service next year

Come next year, Kakao Brain, the artificial intelligence arm Kakao Corp., is slated to unveil an AI system that can write the first draft diagnosis ...

POSCO wins $689 mn battery material deal with GM-LG joint venture

POSCO wins $689 mn battery material deal with GM-LG joint venture

POSCO Chemical Co., a unit of South Korean steel giant POSCO Holdings Inc., said on Dec. 5 that it has signed a $688.6 million deal to provide a key...

Hyundai Mobis to unveil new future mobility technologies at CES 2023

Hyundai Mobis to unveil new future mobility technologies at CES 2023

Korea's largest auto parts supplier Hyundai Mobis will take part in CES 2023, the world's largest info tech exhibition, to showcase cutting-edge t...

Future transport center to make UAM, autonomous vehicle transfer easy

Future transport center to make UAM, autonomous vehicle transfer easy

The Korean Ministry of Land, Infrastructure and Transport's Metropolitan Area Transportation Committee said on Sunday that it would promote establis...

Kumho Petrochemical to recycle plastic waste with French partner

Kumho Petrochemical to recycle plastic waste with French partner

Kumho Petrochemical on Tuesday said it has concluded a memorandum of understanding (MOU) with French engineering service provider Technip Energies...

Eco-friendly car registrations exceed 1.5 mn in Korea

Eco-friendly car registrations exceed 1.5 mn in Korea

The total number of registered eco-friendly vehicles in South Korea surpassed 1.5 million as of end-October, up 38.3% from 1.1 million compared to a...

Mobility startup Poen takes first place at Geeks Show Up event in Jeju

Mobility startup Poen takes first place at Geeks Show Up event in Jeju

South Korea’s mobility startup Poen secured first place at the first-ever Geeks Show Up on Nov. 17, a demo day hosted by The Korea Economic Da...

Hyundai Genesis to unveil electric-powered convertible concept car

Hyundai Genesis to unveil electric-powered convertible concept car

Genesis, the luxury car brand of Hyundai Motor, has unveiled a convertible concept model in Southern California.In Malibu Tuesday, Genesis introduce...

Kia mulls investing $754 mn in China instead of Russia

Kia mulls investing $754 mn in China instead of Russia

Kia Corp., South Korea’s second-largest carmaker, is considering an investment of $754 million, which had been set aside for Russia, in China ...

KT unveils AI strategy, including hyperscale AI commercialization 

KT unveils AI strategy, including hyperscale AI commercialization 

South Korea’s second-largest wireless carrier KT Corp. unveiled a set of steps it will take to commercialize the internally developed Hypersca...

Jin from BTS becomes new face of Ottogi Jin Ramen 

Jin from BTS becomes new face of Ottogi Jin Ramen 

South Korea’s food manufacturing giant Ottogi Co. has selected Jin from K-pop band BTS as its new face of the uber-popular Jin Ramen line.&nbs...

Hyundai, China’s CICC in initial deal for commercial vehicle business

Hyundai, China’s CICC in initial deal for commercial vehicle business

South Korea’s Hyundai Motor Co. said on Tuesday it has partnered with China International Capital Corp. (CICC), China’s largest investme...

Samsung sets sights on new chips for self-driving homes on wheels

Samsung sets sights on new chips for self-driving homes on wheels

For decades, Samsung Electronics Co. has been a household name in the semiconductor industry, making chips that work like the human brain for comput...

Hyundai, Kia post record hybrid vehicle sales in US in October

Hyundai, Kia post record hybrid vehicle sales in US in October

Hyundai Motor Co. and Kia Corp., which are gradually increasing their presence in the US market, saw their hybrid vehicle sales reach an all-time hi...

Conglomerates cancel commercial events following Itaewon crowd crush

Conglomerates cancel commercial events following Itaewon crowd crush

South Korean conglomerates are canceling promotional events through to the end of the year, following the tragic deaths of more than 150 people in t...

Hyundai to ramp up hybrid vehicle production next year

Hyundai to ramp up hybrid vehicle production next year

Hyundai Motor Co., South Korea’s top automaker, will increase production of hybrid models by some 15% next year to focus on the popular segmen...

Hyundai to shift gear toward software-centric cars from 2023

Hyundai to shift gear toward software-centric cars from 2023

Hyundai Motor Group will introduce software-defined vehicles (SDVs) that receive wireless software updates for models to be released from next year,...

SK On in 10-year lithium deal with Australia’s Lake Resources

SK On in 10-year lithium deal with Australia’s Lake Resources

SK On Co., a leading South Korean battery maker, said on Wednesday it has signed a long-term contract to procure lithium, a key battery material, fr...

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

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...

Samsung Electro-Mechanics’ plan to build plant in Mexico shelved amid Trump tariffs 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