▶주메뉴 바로가기
▶본문 바로가기
Hyundai Motor and Kia, Korea's leading automakers, partnered with Kolon Spaceworks to improve the materials of their eco-friendly mobility. The partnership was formalized on Monday at Hyundai’s Namyang Research and Development Center in Hwaseong, Gyeonggi Province. Kolon Spaceworks is a specialist in developing advanced materials. The signing ceremony was attended by Yang Hee-won, head of research and development division of both Hyundai and Kia brands, Kolon Group Vice Chair Lee Kyu-ho and Kolo
Georgia Tech President Angel Cabrera says elimination of EV subsidies will encourage technological development from automakers Hyundai Motor and Georgia Tech announced a multidecade partnership to work together in research and applications to support the future of sustainable mobility, hydrogen economy and workforce development in August 2023. About a year and a half later, Georgia Tech President Angel Cabrera underlines that the US university’s collaboration with Hyundai has been a win-win situ
Boeing Korea announced Monday the appointment of Will Shaffer as its new president. Based in Seoul, Shaffer will oversee the company’s strategies and operations in the Korean market. In addition to this role, he will serve as vice president of globalization and market development, leading Boeing’s strategy outside the US. His focus will include developing country-specific strategies, assessing global geopolitical risks and identifying new growth opportunities. “Will brings a wealth of experience
South Korean bakery giant SPC Group has confirmed plans to build its largest overseas production plant in the United States, a $160 million investment to accelerate the expansion of its flagship brand, Paris Baguette, across the Americas. According to the group Monday, it has acquired a 150,000-square-meter site for a facility in Highpoint Business Park in Burleson, Texas, to serve as a production hub for Paris Baguette stores in North America and future markets in Central and South America. Con
Chief of Korean battery maker anticipates 5-10% growth in annual revenue for 2025 LG Energy Solution CEO Kim Dong-myung has emphasized the importance of securing technological superiority in times of crisis, as the Korean battery maker braces for a tough business environment as the Trump administration withdraws support for the electric vehicle industry. “It is true that there are voices of concern due to the anticipated policy changes in North America,” said Kim in a letter to the employees of
South Korea’s economy has come under direct impact as US President Donald Trump signed an executive order on Saturday imposing tariffs on Mexico, Canada and China, raising concerns about a prolonged global trade war. Industry experts warned on Sunday that Korea, heavily dependent on exports, could face significant setbacks if Trump’s tariff war escalates. Major companies, including Samsung Electronics, have manufacturing plants in Mexico and additional trade restrictions could disrupt their supp
SK On, the battery manufacturing unit under SK Group, said Sunday it had completed a three-way merger with its sister companies — SK Trading International and SK Enterm — to bolster its position in the global supply chain for the electric vehicle battery industry. As part of the merger, SK Enterm, a commercial tank terminal operator, will continue its operations within SK Trading International, which in turn will function as part of SK On under a company-in-company system. The trading unit has a
Chipmakers enhance performance with advanced chip packaging technologies The rapid expansion of artificial intelligence is reshaping the global semiconductors industry, driving an unprecedented surge in demand for faster, smaller and more energy-efficient chips. This year, the global semiconductors market is expected to grow by about 15 percent, backed by the AI boom, according to market tracker IDC. To meet growing demand for high-end logic process chips and high-bandwidth memory capable of pro
The number of aircraft operated by South Korean airlines hit an all-time high last year, surpassing 400, with around 50 new aircraft expected to be added to the country's aviation sector, data showed Sunday. According to data from the Ministry of Land, Infrastructure and Transport, submitted to Democratic Party of Korea Rep. Lee Yeon-hee, a total of 12 Korean airlines operated 416 aircraft as of the end of last year -- 374 passenger planes and 42 cargo aircraft. This figure marks an increase of
Korean building materials company LX Hausys announced on Thursday that it is stepping up its expansion in the North American flooring market by taking part in the region’s largest flooring exhibition. In its second consecutive year at The International Surface Event, the company showcased a diverse range of flooring solutions for both residential and commercial spaces from Tuesday to Thursday in Las Vegas, US, alongside over 700 flooring and construction materials companies. LX Hausys has been f
Despite strong 2024, Shinhan Financial’s profit dips in Q4
Use of facial recognition grows in Korean finance, with Toss in lead
Top hotel chains eye Hilton Seoul redevelopment
LG CNS posts record profit in 2024
LG CNS becomes Korea’s first SAP Asia-Pacific strategic services partner
KB Financial logs industry's first W5tr annual earnings