Hyundai Motor, Kia develop ultra-high-temp hydrogen fuel cells with US firm

Hyundai Motor Co. and Kia Corp. has joined forces with Advent Technologies, an American maker of membrane electrode assemblies (MEA), a key componen...

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...

S.Korea's STX to spin off shipping division

South Korea's general trading company STX Corporation has announced plans to divide its shipping division into a new company specializing in shippin...

Bespin Global to work with GBike for smart mobility business in Vietnam

Bespin Global, a cloud delivery platform company based in South Korea, announced on Thursday that it had partnered with GBike, a micromobility tech ...

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...

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...

ESG: Name of the game in investing, funding amid Korea’s green push

With South Korea’s aggressive green push at both the government and corporate levels, money is flowing back to environmental, social and gover...

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

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 ...

Lotte Fine Chemical, OCI Global join hands for clean ammonia business

Lotte Fine Chemical Co., a subsidiary of Lotte Chemical Corp., and Europe’s No.1 clean ammonia producer OCI N.V., or OCI Global, will collabor...

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%

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...

SK Earthon to be reborn as carbon-neutral company

SK Earthon, an oil development subsidiary of South Korea's SK Innovation Co., plans to transform into a carbon-neutral company focused on oil explor...

Dongsuh Foods applies green certification package to products

South Korea's food processing company Dongsuh Foods Corporation announced on Monday the launch of new green technology-certified packaging.This gree...

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 & ...

CJ CheilJedang invests in Australian bio startup

South Korea's food and bio company CJ CheilJedang Corp. on Wednesday said it will invest in the Australian bio startup Provectus Algae.The former se...

Hanwha Solutions receives green certification for recycled plastic materials

South Korean chemical and renewable energy firm Hanwha Solutions Corp. announced on Tuesday that it has received a global certification for its recy...

SK Ecoplant's Singaporean affiliate, Thailand's No. 2 conglomerate to develop green power

Singapore's TES, an electronic waste management specialist and subsidiary of South Korea's SK Ecoplant Co., will jointly pursue the development of e...

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 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

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...

SK Materials joins forces with ExxonMobil in blue ammonia sector

South Korea's SK Materials will enter the blue ammonia market in partnership with global energy giant ExxonMobil.SK Materials on Wednesday said it s...

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...

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...

POSCO affiliates mull name changes to represent green push

South Korean steel giant POSCO Group is considering changing the name of some of its affiliates in a move to rebrand them as sustainable materials a...

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...

Hyundai Green Food breaks $1.5 billion in sales for first time in 2022

Hyundai Green Food Co., an affiliate of Hyundai Department Store Group, saw its main business unit of food surpass 2 trillion won ($1.5 billion) in ...

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

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