KAI targets to sell 1,000 units of FA-50 light attack aircraft worth $30 billion

Korea Aerospace Industries Ltd., South Korea’s sole military aircraft manufacturer, is seeking to sell 1,000 units of the FA-50 light combat a...

Hyundai Motor sees surprise Q3 after record quarterly sales, profit

South Korea’s top automaker Hyundai Motor Co. on Thursday posted its highest-ever quarterly sales and operating profit, driven by pricey sport...

Aramco-backed Hyundai Oilbank drops IPO on market downturn

Hyundai Oilbank Co., a South Korean refiner backed by Saudi Aramco, withdrew its plan for an initial public offering as local stock markets tumbled,...

Louis Vuitton chairman to meet with heads of S.Korean department stores

The chairman and chief executive of French luxury label Louis Vuitton is scheduled to visit South Korea next week and meet with the heads of three m...

Award-winning Hyundai IONIQ 5 EV to land in Japan as MK Taxi

South Korea’s top automaker Hyundai Motor Co. said on Wednesday it is supplying its all-electric IONIQ 5 crossover to Japan’s taxi servi...

S.Korea defense firms poised to ink $7.7 bn in deals with Poland

South Korea’s defense makers including Hyundai Rotem Co., Korea Aerospace Industries Ltd. (KAI) and Hanwha Defense are poised to clinch 10 tri...

Hyundai’s Supernal showcases flying electric car at UK air show

Supernal LLC, the urban air mobility affiliate of South Korea’s top automaker Hyundai Motor Co., has unveiled the cabin concept of its flying ...

Beijing Hyundai to launch two EVs only for China for revival

Hyundai Motor Co.'s joint venture in China plans to launch two electric vehicle models dedicated to the mainland next year to revive its ailing busi...

Science content provider Geekble raises $3.8 mn in bridge investment

Geekble, operator of the YouTube science channel of the same name, has raised 5 billion won ($3.8 million) in bridge investment, the company said on...

Hyundai, Kia to launch Level 3 self-driving Genesis G90, EV9 in 2023

South Korea’s Hyundai Motor Group will launch its most-advanced Level 3 autonomous cars next year, starting with Hyundai Motor Co.'s flagship ...

LG stands out among conglomerates in race to strengthen robotics arms

South Korean conglomerates are rushing to nurture their robotics businesses, encouraged by surging demand for robots in the service industry.LG Elec...

Hyundai’s IONIQ 6 travels faster, farther than Tesla Model Y, Mercedes EQS

BUSAN – Hyundai Motor Co. has launched the IONIQ 6, its first fully electric sedan, which it claims runs faster and boasts a longer range than...

Hyundai Elevator aims to more than double sales by 2030

CHUNGJU, North Chungcheong Province -- Hyundai Elevator Co., South Korea’s top elevator maker, aims to more than double its sales in the next ...

Samsung Engineering wins $680 mn gas plant project in Malaysia

Samsung Engineering Co. has won a $680 million gas plant construction order in Malaysia from UK-headquartered energy giant Shell plc’s subsidi...

Hyundai Motor to build 1st Korea plant in 29 years

Hyundai Motor Co., South Korea’s top automaker, is set to build a domestic electric vehicle plant in its first local production investment i...

Hyundai Mobis to power all plants with 100% renewable energy by 2040

Automobile companies’ carbon-neutral activities often result in developing and producing eco-friendly vehicles such as electric vehicles and h...

SKC breaks ground on Europe’s largest copper foil plant in Poland

SKC Ltd., the chemical materials unit of South Korea’s second-largest conglomerate, said on Friday it has begun construction of a 900 billion ...

Hyundai Mobis plans battery remanufacturing business

Hyundai Mobis Co., a car parts maker within South Korea’s top automaker Hyundai Motor Group, is set to launch an electric vehicle battery rema...

Hyundai Heavy’s KSOE wins $2.2 billion order for 10 LNG carriers

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

Hyundai Motor raises N.America workforce, cuts China staff

Hyundai Motor Co., South Korea’s top automaker, ramped up its workforce in North America by more than 50% last year where its presence is grow...

Easing car delivery crunch: Boon or bane for Hyundai, Kia?

Just like its global peers, Hyundai Motor Co. and Kia Corp. have suffered from the chip shortage that bogged down the entire auto industry for nearl...

Hyundai E&C, Samsung Eng. partner with Saudi Aramco

South Korea’s Hyundai Engineering & Construction (Hyundai E&C) Co. and Samsung Engineering Co. were selected as official partners of N...

Hyundai's IONIQ 6 wins accolades for streamlined design

Hyundai Motor Co.’s first all-electric sedan IONIQ 6 has received accolades from foreign media for its streamlined design and low chassis, whi...

Korea shipbuilders throttle up wind farm business

South Korea’s major shipbuilders are competing to lead the global wind farm industry, an emerging game-changer in the renewable energy sector,...

Korean Aerospace Ind.'s shares soar on Poland export hopes

Korea Aerospace Industries Ltd. (KAI), South Korea’s military aircraft manufacturer, is emerging a winner in South Korea’s sagging stock...

Hyundai Motor scraps LNG plant construction plan

Hyundai Motor Co. has scrapped a plan to build a liquefied natural gas (LNG)-fueled plant to power its main production lines in South Korea due to a...

Hyundai Motor to launch investment affiliate in US for further growth

South Korea’s Hyundai Motor Group will establish an investment company in the US state of Delaware to expand its presence in the North America...

Samsung Eng. to invest in Vietnam for SE Asia water biz

Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...

Aramco-backed Hyundai Oilbank wins prelim nod for H2 IPO

South Korea's Hyundai Oilbank Co. on Wednesday won preliminary approval for an initial public offering on the Korea Exchange, which may provide its ...

Hyundai showcases IONIQ 6, electrified streamliner

Hyundai Motor Co. on Wednesday unveiled the design of the IONIQ 6, its first all-electric sedan on an exclusive EV platform, with which South Korea&...