Chip shortage slams Korean carmakers’ new car rollouts
The unprecedented global chip shortage is thwarting automakers’ plans to roll out new vehicles, with some popular models set to be delivered t...
Samsung Elec unveils solution for stable 5G voice calls
Samsung Electronics Co., the world’s top smartphone maker, has developed a software solution for more stable 5G voice calls in a move to incre...
Hyundai Motor’s construction unit seeks listing in Q1 2022
Hyundai Engineering Co., Hyundai Motor Group’s construction arm, started the process for an initial public offering (IPO) expected in the firs...
Hyundai Steel, Samsung develop tech to recycle chip waste for steelmaking
Hyundai Steel Co. and Samsung Electronics Co. said on Monday they have developed technology that can recycle the chipmaker’s wastewater sludge...
Carbon neutrality reshapes global commodity markets
Global moves for carbon neutrality are reshaping commodity markets around the world. Iron ore prices have tumbled, while steel scrap prices have soa...
SK's car-sharing service SoCar Malaysia sees valuation top $210 mn
Car-sharing platform SoCar Mobility Malaysia has raised around 65 billion won ($55.6 million) from South Korean private equity firm EastBridge Partn...
NPS to veto SK Innovation’s battery unit split-off
South Korea’s pension fund is set to veto SK Innovation Co. 's plan to split off its battery unit as the move could undermine shareholder valu...
Automotive security in spotlight on growing EV market
The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...
Daimler working with Korean EV battery makers
Daimler AG is working with South Korean battery makers, already using their technology for electric sport utility vehicles (SUVs) of Mercedes-Benz, ...
Intel to invest up to $95 billion in European chipmaking amid US expansion
Intel Corp. plans to build new chipmaking facilities in Europe valued at up to $95 billion, responding to a cross-border race to add manufacturing c...
Iljin Hysolus shares hit ceiling on first day of trading
South Korea’s only mass-producer of hydrogen tube trailers, Iljin Hysolus Co. made a strong debut on Kospi by reaching the price ceiling on it...
Samsung Biologics gears up to produce mRNA drug substance
South Korea’s Samsung Biologics Co. is gearing up for the drug substance (DS) sector of the messenger ribonucleic acid (mRNA)-based COVID-19 v...
SK Global Chemical rebrands as plastic recycler SK Geocentric
SK Innovation Co.’s petrochemical unit SK Global Chemical Co. has undergone a corporate name change to SK Geocentric Co., in a move to reident...
Blackstone, Hahn & Co. to reap $800 mn from two Korean IPOs
South Korea's largest used car seller K Car Co., wholly owned by Hahn & Co., will go public on the country's main stock exchange in October, whi...
S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair
South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...
3i's AI technology creates digital twins using smartphone photos
Innovating industrial plants is often a difficult decision-making process for companies because changing a single piece of equipment requires a thor...
OTT startup Watcha expands into music distribution service
South Korea-based over-the-top (OTT) startup Watcha Inc. is ramping up efforts to transform into a comprehensive content data company as it expands ...
Luxury imported car sales growth at 5-yr high in S.Korea
Mercedes-Benz, BMW and Porsche have driven the double-digit growth of imported car sales in South Korea in the first seven months of this year, with...
Brazil gives emergency use nod for Celltrion’s COVID-19 treatment
South Korean drugmaker Celltrion Inc. has added Brazil to the list of countries that have granted emergency use approval for its COVID-19 treatment ...
Samsung Electro-Mechanics aims to take lead in MLCC market
South Korea-based electronic components maker Samsung Electro-Mechanics Co. is looking to take lead in the multi-layer ceramic capacitors (MLCC) mar...
Global carmakers to speed up EV push as governments pressure harder
US and European governments are pressing harder with tough regulations to expand electric vehicles (EV) adoption for cutting emission. Global automa...
Hyundai quadruples sales of eco-friendly cars in US
Hyundai Motor Co. has sold more than four times of eco-friendly cars in the US compared to last year. The company said on Aug. 5 that the number of ...
Naver Financial, SoftBank invest $25 mn in blockchain startup TBCASoft
South Korea-based Naver Financial, the fintech arm of online giant Naver Corp., has invested $20 million in a Series B funding round for the US-base...
Carmakers log strong profits despite chip shortage
Global carmakers such as Stellantis N.V., BMW, Ford Motor Co. and Hyundai Motor Group surprised investors with strong earnings despite the automotiv...
Hyundai Motor, LG Energy to build $1.1 bn EV battery plant in Indonesia
Hyundai Motor Group and LG Energy Solution Ltd. will invest $1.1 billion in an electric vehicle (EV) battery cell factory in Indonesia to capture As...
Metaverse platform Maxst makes strong debut on Kosdaq
South Korea-based metaverse platform Maxst Co. made a strong debut on the country’s tech-heavy junior bourse Kosdaq on July 27 with its share ...
AI startup DevUnlimit gamifies home fitness to offer stress-free exercise
South Korea-based fitness content startup DevUnlimit Inc. has developed an artificial intelligence-based fitness platform that gamifies exercise rou...
CJ ENM to build virtual studio with Samsung’s new commercial displays
South Korean media company CJ ENM Co. is using Samsung Electronics Co.’s new commercial displays for a virtual production studio to spearhead ...
GS Group invests $26 mn in Kakao Mobility
South Korea’s GS Group has invested 30 billion won ($26 million) in Kakao Mobility Corp. to fast forward its energy unit’s transition to...
Surging global used car demand brightens Hankook Tire outlook
The global tire industry is enjoying a boom driven by fast-growing used car demand in the world. Hankook Tire & Technology is seen as a key bene...
