korea hyundai us no.5
Scope
Date
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Corporate strategy
POSCO seeks restructuring for $1.9 bn injection in battery materials
POSCO Holdings Inc. aims to raise its corporate value through an ambitious scheme that entails securing 2.6 trillion won ($1.9 billion) through rest...
Jul 14, 2024 (Gmt+09:00)
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Economy
South Korea’s 2025 minimum wage rises 1.7%; SMEs seen suffering
South Korea has set next year’s hourly minimum wage at 10,030 won ($7.3) – a 1.7% increase from this year’s 9,860 won, the second-...
Jul 12, 2024 (Gmt+09:00)
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Electric vehicles
Genesis GV60 Magma to enter production in 2025; hybrid model eyed
When Hyundai Motor Co. unveiled the Genesis GV60 Magma Concept at Genesis House New York this March, the premium brand’s color – vivid o...
Jul 12, 2024 (Gmt+09:00)
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Energy
Hanwha Q Cells gets solar power plant order in Colorado
Hanwha Q Cells Co., a solar panel manufacturing arm of South Korea's Hanwha Solutions Corp., said on Thursday that it has secured a large-scale sola...
Jul 12, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai qualifies to compete for US Navy MRO
South Korea's HD Hyundai Heavy Industries Co. announced on Thursday that it signed a Ship Maintenance Relations Agreement (MSRA) with the US Navy. I...
Jul 12, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung Elec invests in US bio startup Element Biosciences
Samsung Electronics Co., the world’s top memory chipmaker, said on Friday it has invested in US biotech startup Element Biosciences Inc. to ex...
Jul 12, 2024 (Gmt+09:00)
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Bio & Pharma
Samsung to invest $52 mn in US biotech VC Flagship Pioneering
Samsung C&T Corp., its bio units Samsung Biologics Co. and Samsung Bioepis Co. and Samsung Venture Investment Corp. have committed a combined 72...
Jul 11, 2024 (Gmt+09:00)
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Shareholder activism
Korea challenges PCA ruling in favor of Mason Capital over Samsung case
South Korea is seeking to revoke an international tribunal’s ruling in April that its government must pay US-based Mason Capital Management LL...
Jul 11, 2024 (Gmt+09:00)
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Artificial intelligence
S.Korea's 4by4 to supply AI solution to Cakap
4by4 Inc., a South Korean content AI solution company, announced on Thursday that it signed a supply contract for its image enhancement AI solution ...
Jul 11, 2024 (Gmt+09:00)
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Corporate governance
Korea’s Hanmi family feud to end as key shareholder mediates
South Korean Hanmi Pharmaceutical Group’s founding family is set to conclude an ongoing feud as the group’s top individual shareholder h...
Jul 11, 2024 (Gmt+09:00)
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Real estate
GIC taps its real estate expert Jasmine Loo as new Korea head
Singapore’s GIC Private Ltd., the world’s sixth-largest sovereign wealth fund with around $770 billion in assets under management, has t...
Jul 11, 2024 (Gmt+09:00)
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Metaverse
S.Korea's RaonSecure establishes metaverse subsidiary
South Korean cybersecurity firm RaonSecure Co. announced Wednesday it established RaonMeta, a generative AI-based metaverse platform subsidiary. Rao...
Jul 11, 2024 (Gmt+09:00)
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Batteries
Korea to keep track of EV battery life cycles for recycling
The South Korean government will monitor electric vehicle (EV) battery life cycles to share information on the lifespan, performance and accident hi...
Jul 10, 2024 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai Samho expands berthing facilities
South Korean shipbuilder HD Hyundai Samho Co. has expanded its berthing facilities to meet the growing number of orders for eco-friendly ships.The s...
Jul 10, 2024 (Gmt+09:00)
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Machinery
Hyundai Rotem leads manufacture of next-generation railway
CHANGWON, South Gyeongsang Province – Engineers at Hyundai Rotem Co.'s rolling stock factory in South Korea have their hands full manufacturin...
Jul 10, 2024 (Gmt+09:00)
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Pension funds
Samsung, SK Hynix lead value increase in Korea NPS' local shares in Q2
The second-quarter rally of Samsung Electronics Co. and SK Hynix Inc. shares drove a value increase in the domestic stock asset held by South Korea&...
Jul 10, 2024 (Gmt+09:00)
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The KED View
Don’t dwell on Korea discount; light up visibility on global stage
To the world, South Korea is well known as home to the world’s top two memory chipmakers, Samsung Electronics Co. and SK Hynix Inc., but it is...
Jul 10, 2024 (Gmt+09:00)
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Batteries
SK Innovation to host Global Forum in US
South Korea's SK Innovation Co. announced on Wednesday that it will host the “SK Innovation Global Forum” on July 13 in San Jose, Califo...
Jul 10, 2024 (Gmt+09:00)
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Travel & Leisure
Korea’s taxi app i.M ties up with MK Group to land in Japan
South Korea’s premium ride-hailing app i.M joined hands with Japan’s taxi operator MK Group to allow each platform's customers to use bo...
Jul 09, 2024 (Gmt+09:00)
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Korean startups
Law&Company vows to go global with AI legal assistant
Law&Company Co., the operator of South Korea’s largest legal advice app LawTalk, will venture into the US legal tech market in five years ...
Jul 09, 2024 (Gmt+09:00)
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Electronics
LG Elec, Tennessee Titans renew sponsorship
LG Electronics Inc. announced on Tuesday that it renewed a three-year expansion to its official partnership with the Tennessee Titans, an NFL team b...
Jul 09, 2024 (Gmt+09:00)
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Energy
POSCO International completes Korea’s first non-state-run LNG terminal
POSCO International Corp., the general trading and energy exploration unit of South Korea’s steel giant POSCO Holdings Inc., said on Tuesday i...
Jul 09, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor Group, Oxford Univ. establish Foresight Center
Hyundai Motor Group announced on Tuesday that it partnered with the University of Oxford and established the Oxford-Hyundai Motor Group Foresight Ce...
Jul 09, 2024 (Gmt+09:00)
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Energy
Korea’s GS Entec to invest $217 mn in wind power business
South Korea’s GS Entec Corp. is set to invest 300 billion won ($216.8 million) in facilities to manufacture wind power equipment as it shifts ...
Jul 09, 2024 (Gmt+09:00)
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Artificial intelligence
Korea’s edtech startups defend against global giants with AI
South Korea’s major online adult education platforms improved their earnings powered by classes on artificial intelligence, defying concerns o...
Jul 09, 2024 (Gmt+09:00)
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Food & Beverage
FG Korea to open Five Guys stores in Japan
FG Korea, the operator of the American handcrafted hamburger brand Five Guys in South Korea, will open its stores in Japan in the second half of nex...
Jul 09, 2024 (Gmt+09:00)
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Bio & Pharma
GC Biopharma exports Alyglo to US
South Korea’s major pharmaceutical company GC Biopharma Corp. announced on Monday that it shipped the initial volume of Alygro, its immunoglob...
Jul 09, 2024 (Gmt+09:00)
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Korean stock market
Kospi on upward run; individual investors turn bearish
South Korean individual investors are strongly betting on a drop in domestic share prices, in contrast to foreign investors’ aggressive buying...
Jul 08, 2024 (Gmt+09:00)
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Real estate
Korea’s POBA to invest $109 mn in Koramco’s office REIT
South Korea’s Public Officials Benefit Association (POBA) is set to commit 150 billion won ($108.5 million) in preferred stocks for offices in...
Jul 08, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor unveils SUV digital ad series
Hyundai Motor Co. announced on Monday that it will sequentially release the digital advertisement series Hyundai SUV (sports utility vehicles) Origi...
Jul 08, 2024 (Gmt+09:00)
Latest News
- 1 Hyundai Steel to displace Baoshan as GM Korea's supplier
- 2 S.Korea’s No.1 dried seaweed firm Kwangcheonkim up for sale for $295 mn
- 3 BOK chief warns against aggressive policy rate cuts, sees need for fiscal stimulus
- 4 S.Korea eases path for foreign REITs in senior housing push
- 5 Koramco targets $7 bn bets on Korea data centers