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HD Hyundai Chair Chung Ki-sun is set to mark his first year as the helm of the South Korean industrial conglomerate on Saturday, having overseen major mergers, expanded US shipbuilding partnerships and accelerated investment in new growth businesses. The 44-year old chair, a third-generation member of Hyundai’s founding family, succeeded longtime leader Kwon Oh-gap on Oct. 17, 2025. Kwon became honorary chairman the same day. Chung's appointment came 16 years after he joined Hyundai Heavy Indust
HD Hyundai Electric has partnered with LG CNS to pursue power infrastructure projects for artificial intelligence data centers and expand factory automation, the power equipment maker said Friday. The two companies signed a memorandum of understanding that combines HD Hyundai Electric's expertise in power equipment and distribution systems with LG CNS' experience in designing, building and operating data centers. For AI data centers, the companies plan to offer power and distribution equipment a
Hyosung Heavy Industries completed a new ultra-high-voltage circuit breaker plant in Changwon, South Gyeongsang Province, on Friday to meet rising global demand for power equipment. Hyosung Vice Chairman Lee Sang-woon, Rep. Heo Seong-moo of the Democratic Party of Korea, Rep. Kim Jong-yang of the People Power Party, and Korea Electrotechnology Research Institute President Kang Sang-hee attended the opening ceremony. The 18,996-square-meter plant will manufacture 420 kV, 550 kV and 800 kV export
James Kim, chair and CEO of AmCham Korea, received an honorary doctorate in business administration from Korea Aerospace University on Thursday for his contributions to South Korea-US economic cooperation. The university cited Kim’s role in connecting the two countries’ governments and businesses, promoting trade and investment and advancing cooperation in high-tech industries. It also recognized his efforts to attract investment to Korea and improve the business environment. The ceremony took p
Kia has launched Korea’s first car-sharing trial using remote vehicle operation, aiming to assess its commercial viability and accelerate next-generation mobility solutions. The program began Thursday for employees of businesses in the Second Pangyo Techno Valley, using its PV5 model. Operations will continue through the end of the year. Customers reserve a vehicle through a dedicated app, prompting it to travel to their requested location without a driver. The customer then drives the vehicle t
Krafton has teamed up with British luxury automaker Bentley to bring three premium vehicle skins to PUBG: Battlegrounds in the game's latest 43.2 update. The collaboration introduces skins modeled after Bentley's Flying Spur Mulliner and Continental GTC Mulliner, including two Flying Spur sedan variants and a Continental GTC sports car. Each vehicle features distinctive engine-start, driving and horn sounds, along with design details such as panoramic sunroofs and retractable soft tops. Players
Taihan Cable & Solution said Thursday it has secured a high-voltage power grid project in the US, signing a 120 billion won ($89 million) cable supply contract as electricity demand surges amid the expansion of artificial intelligence data centers. Under the deal, Taihan's US subsidiary T.E.USA will handle engineering and construction, while the Korean parent will manufacture and supply high-voltage cables and related equipment. The 120 billion won contract covers materials supplied by Taihan to
CJ CheilJedang said Thursday it will distribute Bibigo food kits to 6,000 international tourists joining guided palace tours in Seoul, as part of efforts to introduce Korean food alongside the country's cultural heritage. The initiative, running from October through December, is funded by the Food Safety and Mutual Growth Foundation, established by CJ CheilJedang. The tours, organized by the Korea History Interpretation Promotion Institute, take visitors through Gwanghwamun and Gyeongbokgung, wh
As Korean home beauty devices gain popularity overseas, emerging brand Lyaxome is seeking a foothold in the increasingly competitive market with a premium-priced device combining multiple skincare functions. Developed by K Kin, a brand operated by Culture & Commerce, the device combines ultrasound and radiofrequency technology in a single treatment head, alongside ampoules containing exosome-based ingredients. Exosomes in skincare are tiny, membrane-bound cellular "messengers," or extracellular
SINGAPORE — Singapore's cybersecurity chief called for continuous monitoring and closer cooperation between governments and businesses Thursday, offering insights as South Korea confronts a series of cyber intrusions targeting financial institutions. Gwenda Fong, chief executive of Singapore's Cyber Security Agency, said organizations must move beyond a "compliance-based mindset" centered on periodic security checks, particularly as artificial intelligence enables hackers to exploit vulnerabilit
AmCham chief receives honorary doctorate from Korea Aerospace University
Korea's manufacturing jobs rise for first time in 27 months
Bentley hits the battlegrounds in PUBG's latest update
Samsung's top brass convene in Tokyo as Japan chip ties deepen
LG, Apple take on Amazon, Google with AI home devices
Hyundai bets $15.5b on India as global production hub
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