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Even those unfamiliar with the world's largest electric vehicle maker BYD Auto may have noticed their commercial electric buses that have been navigating city streets in Korea since 2017. Now the Chinese automaker, known for its exceptional affordability, is reportedly entering the broader consume...
On the same day, Samsung’s Compliance Committee kicked off its third term, holding its first regular meeting. Lee Chan-hee has been reappointed to lead the committee for the second consecutive term, along with other members. Han Sung-hwan, the president of Samsung Life Public Welfare Foundation, ...
Several advertisers are facing pressure to cancel their contracts with South Korean soccer star Lee Kang-in, following the 23-year-old’s alleged discord with national soccer team captain Son Heung-min. According to industry officials on Monday, some companies intending to feature the Paris Saint-...
Hyundai Motor Group and its US-based advanced air mobility subsidiary Supernal are ramping up efforts to attract top urban air mobility talents as they aim to debut flying taxis in South Korea and the US in 2028. According to Hyundai Motor Group’s online recruitment notice on Monday, the company ...
Samsung Display on Monday said its foldable panel for smartphones has passed the US military’s material durability test, proving its strength in withstanding the harsh conditions of operational and combat zones. According to the display maker, its 7-inch foldable panel used in the latest foldable...
A labor union comprising workers of four Samsung Group affiliates was officially launched Monday, as employees seek ways to break away from the unreasonable relationship between workers and management. Samsung Group United Union, representing Samsung Electronics' Device Experience division, Samsun...
E-commerce giant Coupang and pharmaceutical firm Yuhan Corp. are set to join the Korea Enterprises Federation, a business lobby representing over 4,000 businesses here, according to industry sources on Monday. Some 10 firms, including Coupang, have submitted membership applications to the group, w...
Eight out of ten construction firms here said they are experiencing difficulties in paying debt interest, according to a local survey released on Monday. According to the Federation of Korean Industries' survey involving 102 construction companies among the top 500 construction firms, 76.4 percent...
LG Uplus will not set up a showroom this year, but its CEO Hwang Hyeon-sik and senior executives will participate in the event and hold meetings with potential partners, including Google and Amazon Web Service, for collaboration, the company said. "MWC 2024 is an important event where we can check...
The Financial Supervisory Service announced Sunday an updated plan aimed at providing foreign investors with more English information on financial disclosures, as part of efforts to facilitate foreign investment in Korean companies. The initiative to provide English services commenced in January 2...
Overseas biosimilar sales of Samsung Bioepis, a biosimilar developer under Samsung Group, reached an all-time high in 2023, according to its partner companies on Sunday. According to Samsung Bioepis’ US partners, Biogen and Organon, sales of Samsung Bioepis’ biosimilar products in overseas marke...
South Korea now should focus on fostering defense academia and young talents to become a leader in the global defense industry, says Kang Eun-ho, former chief of the Defense Acquisition Program Administration. “In the past, Korea followed a catch-up strategy (in advancing its defense industry), w...
Under this circumstance, the local financial watchdog has stepped up its oversight of the financial sector and is currently scrutinizing individual investments made by local financial firms. Recently, a local insurance firm faced sanctions from the Financial Supervisory Service due to poor risk man...
Hyundai Motor Company has acquired a hydrogen fuel cell business from the group's affiliate and auto parts supplier Hyundai Mobis at 217 billion won ($163 million) to consolidate the group's hydrogen energy efforts. The agreement, finalized on Friday, includes a complete transfer of assets, person...
Korea Water Resources, the state-run water management agency also known as K-water, had a meeting with the Saudi Arabian ambassador to Korea to discuss water concerns and request support for Saudi Arabia's bid to host the World Water Forum in 2027. K-water announced Friday that CEO Yun Seog-dae me...
KGC eyes broader customer base with Lim Young-woong
Korean robot startup aims to transform human walking
Coway launches Berex massage bed with enhanced usability
Hyundai Mobis breaks ground for W170b Spain plant
HD Hyundai teams up with Norway's Philly Shipyard for US footing
Hanwha Life taps into global banking through Indonesian investment