LIG Nex1, Hyundai Rotem to team up for Middle East export

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...

Hanwha Q Cells to unveil Q.TRON G2 solar module

Hanwha Q Cells to unveil Q.TRON G2 solar module

Hanwha Q Cells Co., a solar power unit of South Korean conglomerate Hanwha Group, announced on Monday that it will unveil its new solar module ser...

Korea’s luxury resort market blossoms despite slow economy

Korea’s luxury resort market blossoms despite slow economy

South Korea’s luxury resort market seems to operate out of sync with the economy. High-end operators are opening swanky holiday resorts in Kor...

Korea rejects BlackRock’s $7.5 bn wind farm project

Korea rejects BlackRock’s $7.5 bn wind farm project

South Korea has slammed the brakes on BlackRock’s offshore wind farm project worth around 10 trillion won ($7.5 billion), citing financing unc...

Fashion Group Hyungji's profit surges 145% in 2023

Fashion Group Hyungji's profit surges 145% in 2023

South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...

HD Hyundai launches world's first mega methanol-fueled container

HD Hyundai launches world's first mega methanol-fueled container

South Korean shipbuilding giant HD Hyundai Co. marked a major milestone in the maritime industry on January 28, christening the world's first mega m...

LG Energy to supply $748 million worth of batteries to Japan’s Isuzu Motors

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...

LG Electronics likely ahead of Whirlpool with record 2023 sales

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...

Hyundai Motor, SK Enmove to join forces for next-generation vehicle refrigerants

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...

HD Hyundai, Hanwha delivers 1st of 12 container ships to HMM

HD Hyundai, Hanwha delivers 1st of 12 container ships to HMM

South Korea’s top container line HMM Co. said on Wednesday that it held a naming ceremony for HMM Garnet, a 13,000 twenty-foot equivalent unit...

Hyundai Motor units join hands for logistics solutions

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...

Hyundai unveils All-New Kona Electric N Line in Europe

Hyundai unveils All-New Kona Electric N Line in Europe

Hyundai Motor Co. unveiled 2024 The all-new KONA Electric N Line in the European market including the UK on Jan. 16., according to the company.&nb...

Korean military fund anchors $142 mn real estate fund

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...

Korean shipbuilders tighten grip on ammonia carrier market

Korean shipbuilders tighten grip on ammonia carrier market

South Korean shipbuilders continued to win very large ammonia carrier (VLAC) orders, expanding their shares in the global eco-friendly vessel market...

Hyundai Motor, Kia rank 4th in Europe with record 2023 sales

Hyundai Motor, Kia rank 4th in Europe with record 2023 sales

South Korea’s top automaker Hyundai Motor Group saw its vehicle sales in Europe rise to a fresh record high in 2023, driven by sport utility v...

LG Innotek, AOE join hands to lead vehicle, XR camera module markets

LG Innotek, AOE join hands to lead vehicle, XR camera module markets

South Korea’s major camera module maker LG Innotek Co. has joined hands with AOE Optronics Co., an automotive lens-making subsidiary of Taiwan...

Steel giant POSCO raises $500 mn in 3-year green bonds

Steel giant POSCO raises $500 mn in 3-year green bonds

POSCO raised $5 million in three-year green bond sales on Jan. 16 to invest the proceeds in domestic facilities, the largest steelmaker in South Kor...

Hyundai Motor to launch advanced vehicle platform R&D division

Hyundai Motor to launch advanced vehicle platform R&D division

South Korea’s top automaker Hyundai Motor Group will launch an advanced vehicle platform (AVP) research and development division, combining it...

Tata Daewoo triumphs in global market with 40% export surge

Tata Daewoo triumphs in global market with 40% export surge

South Korea's Tata Daewoo Commercial Vehicle Company (TDCV) achieved remarkable success last year by exporting 40% of its total sales, despite the g...

Iljin Electric secures $36 mn order for high-voltage cables in Malaysia

Iljin Electric secures $36 mn order for high-voltage cables in Malaysia

Iljin Electric, the integrated heavy electric device unit of South Korea's Iljin Group, announced on Tuesday that it has recently signed a contract ...

Kia, Uber to jointly develop custom-tailored electric ride-hailing PBV

Kia, Uber to jointly develop custom-tailored electric ride-hailing PBV

LAS VEGAS – South Korea’s second-largest automaker Kia Corp. has forged a partnership with Uber Technologies Inc. to jointly develop cus...

Hyundai’s 42dot, Samsung to develop AI-powered SDV platform

Hyundai’s 42dot, Samsung to develop AI-powered SDV platform

LAS VEGAS – Hyundai Motor Group’s self-driving technology unit 42dot Inc. will develop an artificial intelligence-powered software-defin...

Korean Air, Japan’s Yusen to co-work for SAF

Korean Air, Japan’s Yusen to co-work for SAF

Korean Air Lines Co. has recently partnered with Japan-based global logistics company Yusen Logistics for a cargo sustainable aviation fuel (SAF) ...

Samsung, Harman move in lockstep to advance in-vehicle technology

Samsung, Harman move in lockstep to advance in-vehicle technology

LAS VEGAS – South Korea’s tech giant Samsung Electronics Co. and its wholly owned US subsidiary Harman International Industries Inc. hav...

Kia to launch mid-sized purpose-built vehicle PV5 in 2025

Kia to launch mid-sized purpose-built vehicle PV5 in 2025

Kia Corp., the No. 2 automaker in South Korea, is set to launch its first mid-sized purpose-built vehicle model (PBV) in 2025 and start a customized...

Ssangyong E&C wins $57 million deal to build solar cell plant in Haiti

Ssangyong E&C wins $57 million deal to build solar cell plant in Haiti

South Korea’s Ssangyong Engineering & Construction Co. (Ssangyong E&C) said on Tuesday it has won a $57 million deal to build a 12-meg...

Samsung’s narrowed Q4 chip losses fuel bullish 2024 outlook

Samsung’s narrowed Q4 chip losses fuel bullish 2024 outlook

Samsung Electronics Co., the world’s largest maker of memory chips, smartphones and TVs, said on Tuesday its chip business losses significantl...

LG Electronics posts record 2023 sales, Q4 profit misses forecasts

LG Electronics posts record 2023 sales, Q4 profit misses forecasts

LG Electronics Inc. on Monday posted record-high 2023 revenue thanks to robust sales of home appliances and vehicle components, although its fourth-...

Hyundai to invest an additional $744 mn in Indian hydrogen biz

Hyundai to invest an additional $744 mn in Indian hydrogen biz

Hyundai Motor Co., South Korea’s top automaker, is set to invest an additional $744 million in India for a hydrogen ecosystem to lead the futu...

Korea’s HMM among shippers benefiting from growing Red Sea crisis

Korea’s HMM among shippers benefiting from growing Red Sea crisis

The Red Sea crisis, disrupting the passage of ships through the Suez Canal, a central artery for global trade, is a bane for exporters looking for s...

Samsung to buy US health tech firm Xealth in digital health push Korean waste management firm Koentec on market for $730 mn US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement Samsung’s Q2 operating profit halves amid sluggish chip sales Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner