S.Korea’s car exports hit record high of $15.4 bn in Q1

S.Korea’s car exports hit record high of $15.4 bn in Q1

South Korea's car exports achieved their highest-ever record in the first quarter 2023, increasing by over 40% from a year ago, according to data fr...

Kia expects stellar Q2 after reporting record operating profit in Q1

Kia expects stellar Q2 after reporting record operating profit in Q1

Kia Corp., the smaller sibling of South Korea’s largest automaker Hyundai Motor Co., presented a rosy earnings outlook for the second quarter ...

S.Korea gov’t hosts sales event for domestic, US SMEs

S.Korea gov’t hosts sales event for domestic, US SMEs

South Korean small- and medium-sized enterprises (SMEs) expanded their exchange and cooperation with US firms during President Yoon Suk yeol's state...

Samsung, MS open Gaming Hubs in London, New York

Samsung, MS open Gaming Hubs in London, New York

Samsung Electronics Co. has partnered with Microsoft to launch gaming hubs in the heart of London and New York. The two companies have installed Sam...

Hyundai Mobis test-drives 'crab walking car' on public roads

Hyundai Mobis test-drives 'crab walking car' on public roads

South Korea's Hyundai Mobis has verified through test-drives of a demonstration vehicle on public roads the real-life use of the company's e-corner ...

LS Electric, Microsoft to jointly develop smart factory

LS Electric, Microsoft to jointly develop smart factory

LS Electric Co., South Korean manufacturer of power and industrial automation equipment, has signed a partnership agreement with Microsoft to develo...

Hyundai Mobis develops world’s first rollable vehicle display

Hyundai Mobis develops world’s first rollable vehicle display

Hyundai Mobis Co., the world’s sixth largest automotive components supplier, has developed a rollable vehicle display, the first of its kind i...

LS Electric to display smart energy solutions in Germany

LS Electric to display smart energy solutions in Germany

LS Electric Co., South Korean manufacturer of power and industrial automation equipment, announced on Monday that it will participate in the Hannove...

Hyundai Motor, Kia aim to expand in China through Shanghai Auto Show

Hyundai Motor, Kia aim to expand in China through Shanghai Auto Show

Hyundai Motor Co. and Kia Corp., both struggling in China, are aiming for a turnaround there by introducing over 30 new vehicles including those tai...

Indonesia’s slashed EV tax to boost Hyundai’s IONIQ 5 sales

Indonesia’s slashed EV tax to boost Hyundai’s IONIQ 5 sales

South Korea’s top automaker Hyundai Motor Co. is expected to enhance its presence in Indonesia, which has drastically reduced its value-added ...

S.Korean GS, Daebo invest in domestic AI semiconductor firm

S.Korean GS, Daebo invest in domestic AI semiconductor firm

South Korea's Sapeon, artificial intelligence (AI) semiconductor subsidiary of SK Telecom Co., said on Wednesday that it has signed a memorandum of ...

Samsung installs massive MicroLED screen at luxury hotel in UAE

Samsung installs massive MicroLED screen at luxury hotel in UAE

Samsung Electronics Co. on Wednesday said it has supplied a large number of smart signage and TV screens to Atlantis the Royal, a luxury hotel and r...

Hankook Tire's iON evo tops Auto Bild's electric car tire test

Hankook Tire's iON evo tops Auto Bild's electric car tire test

Korean tire manufacturer Hankook Tire & Technology announced on Friday that its electric vehicle-dedicated high-performance tire, the iON evo, h...

Verismo's CAR-T therapy designated fast-track status by FDA

Verismo's CAR-T therapy designated fast-track status by FDA

Verismo Therapeutics, a US affiliate of South Korean pharmaceutical firm HLB Co., has received fast-track designation from the US Food and Drug Admi...

Samsung unveils full 2023 new smart monitor lineup

Samsung unveils full 2023 new smart monitor lineup

Samsung Electronics Co. will release a new lineup of smart monitors with significantly enhanced home office and personalized features.According to S...

S.Korea to invest $24 mn in fostering future car industry workforce

S.Korea to invest $24 mn in fostering future car industry workforce

South Korea will invest 31.5 billion won ($23.96 million) this year to train over 3,700 core personnel in future car technologies, including autonom...

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai’s Chung urges US operations to double down after record Q1

Hyundai Motor Group Chairman Chung Euisun on Tuesday urged its US operations to work harder after its two automaking units, Hyundai Motor Co. and Ki...

Daewoo Shipbuilding, GE Power Conversion to develop smart ship tech

Daewoo Shipbuilding, GE Power Conversion to develop smart ship tech

South Korea's Daewoo Shipbuilding & Marine Engineering Co. (DSME) on Tuesday said it signed a memorandum of understanding with the global energy...

Hyundai Motor to emerge as Korea’s highest earner, beating Samsung

Hyundai Motor to emerge as Korea’s highest earner, beating Samsung

Hyundai Motor Co. will likely emerge as South Korea’s top profit maker in the first quarter, driven by robust sales of pricey cars, pushing pa...

KG Mobility expands into Southeast Asia with Futa Group partnership

KG Mobility expands into Southeast Asia with Futa Group partnership

KG Mobility, previously known as Ssangyong Motor Co., announced on Friday its alliance with Vietnam's Kim Long Motor, a subsidiary of the Futa Group...

S.Korea's auto industry faces shortage of skilled workers for future cars

S.Korea's auto industry faces shortage of skilled workers for future cars

South Korea's automobile industry is rapidly transitioning toward the future such as environmentally friendly and smart cars, but the sector is faci...

Hyundai debuts possible final Sonata, Tesla joins 1st time: Seoul auto show

Hyundai debuts possible final Sonata, Tesla joins 1st time: Seoul auto show

Hyundai Motor Co. may consider discontinuing its steady seller Sonata sedan after the latest edition's release, the company’s chief hinted at ...

Hanwha Vision participates in Asia's largest integrated security expo

Hanwha Vision participates in Asia's largest integrated security expo

Hanwha Vision (formerly known as Hanwha Techwin) announced on Thursday its participation in SECON 2023, the largest integrated security exhibition i...

LG Innotek unveils new 5G communication module for self-driving cars

LG Innotek unveils new 5G communication module for self-driving cars

South Korea’s LG Innotek Co. on Wednesday unveiled its second-generation 5G communication module for use in autonomous driving cars.Based on Q...

Hyundai Rotem signs high-speed rail car deal with Korail

Hyundai Rotem signs high-speed rail car deal with Korail

Hyundai Rotem Co., a company under the Hyundai Motor Co. Group that specializes in manufacturing rolling stock, defense products and plant equipment...

LG takes lead in nurturing young AI talent by holding AI hackathon

LG takes lead in nurturing young AI talent by holding AI hackathon

South Korea's LG announced on Sunday that it held the "LG AI Hackathon" for nurturing young artificial intelligence (AI) talent for two days from ...

S.Korea's household assets rise to record high in 2022

S.Korea's household assets rise to record high in 2022

Average household net assets in South Korea in 2022 increased 10% to a record 456 million won ($350,000) from a year earlier, while it took longer...

Ssangyong Motor changes name to KG Mobility

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...

KT, Amano Korea join hands to develop smart parking solutions

KT, Amano Korea join hands to develop smart parking solutions

South Korean telecom operator KT Corp. announced on Wednesday that it has signed a business agreement with parking control system specialist Amano K...

S.Korea’s KCC develops AI-based color matching system

S.Korea’s KCC develops AI-based color matching system

South Korea’s chemical and auto parts maker KCC Corp. on Monday said it developed the K-Smart system of using an artificial intelligence (AI)-...

Hanwha Systems to compete with LIG Nex1 for Korean version of Iron Dome NH, KB Securities, Kookmin Bank, Kim & Chang lead capital markets in H1 From G-Dragon to Ibuki: Dongmyo emerges as global fashion hotspot Hyundai helps Korean economy most with $265 bn contribution South Korea issues €1.4 billion in largest-ever euro bond sale