Startup funding: Metaverse platform Anipen; autonomous vehicle simulator Morai

South Korea-based metaverse platform Anipen has raised 8.5 billion won ($7.6 million) from VC firms, including Partners Investment and Union Investm...

Hyundai Motor sets recovery plan for commercial vehicles

Hyundai Motor Co. has devised ambitious plans for this year to rescue its declining commercial vehicle segment. The company will undergo organizatio...

SK, POSCO agree to develop new lightweight materials for future mobility

South Korea’s SK Global Chemical, a wholly owned subsidiary of SK Innovation, and POSCO have joined hands to develop steel and plastic composi...

Shinsegae buys baseball club in quest for retail-sports synergy

The vice-chairman of South Korea’s retail giant Shinsegae Group, Chung Yong-jin, has a reputation of being an early adopter. He's known to be ...

Hyundai unveils unmanned ultimate mobility vehicle concept

Hyundai Motor Group has unveiled its first uncrewed ultimate mobility vehicle (UMV) concept, transforming intelligent ground excursion robot (TIGE...

Mando acquires JV to boost footing in autonomous vehicle industry

South Korea-based Mando Corp. is set to acquire electronic auto parts maker Mando-Hella Electronics Corp. in a deal valued at 165 billion won ($148 ...

Kia aims to become purpose-built vehicle market leader: CEO

Kia Corp. recently dropped Motors from its name and changed the design and color of the logo that had represented the Korean automaker globally for ...

Hyundai Motor unveils all-new electric vehicle platform E-GMP

Hyundai Motor Co. has unveiled a new platform, which will underpin its electric vehicles in coming years as South Korea’s largest automotive g...

S-Oil says at least 20 more years to go for oil-powered cars

The penetration of electric and hydrogen-powered vehicles into the transportation industry will unlikely become a major threat to refiners over the ne...

Hanwha Systems unveils Butterfly, personal air vehicle mockup

Hanwha Systems Co., a defense and information technology service unit of Hanwha Group, on Wednesday unveiled the mockup of its personal air vehicle (P...

Hyundai Motor to install Nvidia’s in-vehicle system in entire fleet from 2022

Hyundai Motor Group will use US chipmaker Nvidia Corp.’s in-vehicle information and entertainment system for its entire fleet of Hyundai Motor C...

Hyundai makes inroads into Europe’s hydrogen commercial vehicle market

Hyundai Motor Co. has delivered seven hydrogen-powered trucks to Switzerland in its foray into Europe’s eco-friendly commercial vehicle market, ...

Hyundai Mobis to invest $25 mn in UK vehicle smart display firm

Hyundai Mobis Co., South Korea’s largest auto parts maker, said on Oct. 7 it will invest $25 million in a UK automotive smart display company in...

Hyundai exports hydrogen vehicles to world’s No. 1 oil producer Saudi Aramco

Hyundai Motor Co. has shipped four hydrogen-powered vehicles to Saudi Arabian Oil Co., the world’s largest oil producer, at a time when even the...

Global partnership pushes Hanwha into final round of Aussie armored vehicle deal

Hanwha Defense Co. has reached the final stretch in a race to win Australia’s 5-trillion won (US$4.2 billion) project to buy new infantry fighti...