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Hyundai Motor Group has once again moved up the launch of its new US plant solely dedicated to producing electric vehicles to October this year, three months ahead of its current schedule, to enhance its readiness to toughened subsidy rules. "We're pulling ahead because everybody knows how importa...
South Korean food giant CJ CheilJedang's overseas food business outperformed its domestic sales for the first time in the fourth quarter of 2023, driven by the strong performance of its flagship products in the US, Australia and Europe. On Tuesday, CJ CheilJedang reported its consolidated earnings...
South Korean convenience store chain E-Mart 24 is set to enter the Cambodian market in June, joining hands with Korean developer Hanlim Architectural Group and Cambodia's Sison Brother Holdings. The company announced its plans during a ceremony held at the Fairfield by Marriott Phnom Penh Hotel in...
Seeking to expand its reputation as a high-end luxury brand, South Korean carmaker Hyundai Motor’s Genesis is set to enter Europe this summer, according to the company last week. Hyundai Motor plans to introduce the G80 sedan and the GV80 SUV in European countries including Germany, Britain and ...
The National Pension Service said on March 10 it would engage in voting for Posco chairman and chief executive officer Choi Jeong-woo’s new term as a Posco board member, in a way that does not affect the result of shareholder voting on March 12. The decision not to vote against Choi comes as a ...
South Korean e-commerce giant Coupang said Friday that it has strived to lower the work intensity of staff at its fulfillment centers through large-scale recruitment and investment in automation technology, amid criticism that its harsh work environment led to death of employees. According to Coup...
Posco International, South Korea’s largest trading company, said on Dec. 8 that it has invested in local laser cutting applications developer Innovated Technology. The two firms partnered through an acquisition of shares in Innovated Technology by Posco International. The details were not disclo...
SK Group is poised to make a big bet on the rising hydrogen market, seeing the fuel as a next-generation eco-friendly energy source. SK Holdings said on Dec. 1 that it established a hydrogen business promotion group, an organization dedicated to the hydrogen project consisting of about 20 experts...
Korean Air Lines is inching closer to selling its yacht marina operation in Incheon to a new Korean buyer for roughly 130 billion won ($117 million). The investor group of Consus Asset Management and Mirae Asset Daewoo said on Nov. 30 it has signed a memorandum of understanding as a preferred bid...
Hanwha Systems said on Nov. 27 that it has won a deal worth 45 billion won ($40.7 million) to develop a next-generation space radar that can detect and track space objects with precision. According to the defense and information technology service unit of Hanwha Group, it has won the Defense Indu...
Doosan Solus stocks rose to 49,400 won ($44.70) on Friday, a 6.7 percent increase from a day prior, following a local news report that the company is in talks with Tesla to supply electric copper foil for vehicles in Europe. According to the news report, the material solutions unit of Doosan Grou...
South Korea’s major business organizations will see the terms of their incumbent chiefs end early next year, with attention being paid to who their successors will be. The term of Korea Chamber of Commerce and Industry Chairman Park Yong-maan, Korea International Trade Association Chairman Kim Y...
Hanjin Group Chairman Cho Won-tae said on Nov. 18 that the merger of the nation’s two largest carriers, Korean Air and Asiana Airlines, will not lead to a price hike or workforce restructuring. After attending the Korea-US Business Meeting at the Federation of Korean Industries in Seoul, Cho tol...
South Korean activist private equity fund KCGI on Nov. 17 lashed out at Korean Air‘s plan of acquiring its rival Asiana Airlines with the policy lender’s help, claiming that the scheme is being pursued to cement Hanjin KAL chairman Cho Won-tae’s control over the air carrier. Hanjin KAL is the ho...
Hyundai will offer lifetime updates for the ccOS. Hyundai Motor’s collaboration with Nvidia comes amid growing rumors that the carmaker is in talks with Softbank to acquire robot maker Boston Dynamics, according to foreign media reports. While the acquisition is expected to cost Hyundai as ...
Korean builders nervous about possible setbacks in Middle East
HD Hyundai chair receives honorary doctorate from HUFS
SC Bank Korea offers special interest rate for new members
Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report
Samsung expected to introduce new Exynos processor in next Galaxy series
Woori, KB ink QR code payment partnership with Cambodia