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PUNE, India — Hyundai Motor is stepping up its India expansion with a new factory in Pune, bringing its annual production capacity in the country close to 1 million vehicles, as the South Korean automaker strengthens its foothold in the world's third-largest auto market. Built on the site of a former General Motors plant acquired in 2023, the facility is central to Hyundai's strategy to make India both a major production base for domestic sales and an export hub serving emerging markets. The exp
LG Electronics is teaming up with Apple to take on Amazon and Google in the smart home market, unveiling seven AI-powered devices that push beyond its traditional appliance business. The Korean electronics-maker introduced the jointly developed lineup at a launch event in New York on Tuesday, including an indoor camera, two outdoor cameras, a video doorbell, a smart lock, a thermostat and a temperature sensor. The devices will carry the LG brand, with LG handling manufacturing, sales and custome
Korean Air said Wednesday it won five gold and three silver awards at the 2026 Magellan Awards, organized by US travel industry publication Travel Weekly. The airline received gold awards in five categories — international carrier, service, first class, airport lounge and in-flight menu — and silver awards for technology solutions, business class and environmental sustainability. The annual awards recognize excellence in travel services, marketing and design. This year's winners were selected by
LG CNS said Wednesday it has partnered with Japanese telecom giant KDDI to expand artificial intelligence and digital transformation businesses across the Asia-Pacific region. The two companies signed a memorandum of understanding to combine LG CNS's AI expertise with KDDI's telecommunications infrastructure and regional network, targeting opportunities in smart cities, industrial automation and IT services. KDDI operates 19 business locations across 15 Asia-Pacific countries, providing mobile a
NEW DELHI — Hyundai Motor Group is investing $15.5 billion in India over the next seven years, as the Korean auto giant moves to create a major production and export hub in the world's third-largest auto market. Executive Chair Chung Euisun outlined the commitment during talks with Indian Prime Minister Narendra Modi in New Delhi on Tuesday, unveiling plans to expand vehicle production, strengthen research and development and broaden supply chains through 2032. The meeting, their eighth, undersc
Art Center Nabi Director Roh Soh-yeong has decided not to challenge a 944 billion won ($705 million) divorce property settlement awarded by the Seoul High Court, leaving only SK Group Chairman Chey Tae-won's appeal before the Supreme Court. Roh's lawyers did not file a cross-appeal by Tuesday's deadline, legal sources said Wednesday. The decision means she will not seek to overturn parts of the ruling concerning which assets are subject to division or how they are split. In July, the Seoul High
APR said Wednesday that its beauty brand Medicube posted record daily sales across participating markets during Amazon's Prime Big Deal Days, with US sales up about 85 percent from the previous year. The Oct. 6-7 shopping event marked Medicube's debut in five European markets — the UK, Germany, Spain, Italy and France — alongside its established US presence. Medicube topped Amazon's overall search rankings in several markets, including the US, UK, Italy and Spain. The brand had previously claime
Palliser Capital, a London-based activist investment fund, has urged Samsung Electronics and Hyundai Motor to reduce discounts on their preferred shares, arguing that the valuation gap represents more than $60 billion in potential value across South Korea's stock market. The fund also suggested Samsung consider issuing American depositary receipts, or ADRs, to help finance preferred share buybacks and cancellations. Speaking at the Sohn San Francisco Investment Conference on Tuesday, Palliser fo
Posco Future M is stepping up its AI transformation to improve manufacturing efficiency, targeting a 30 percent productivity increase and 50 percent reduction in product development time by the first half of 2028. The Korean battery materials-maker aims to build an "AI-native" operating system in which artificial intelligence identifies and executes process improvements, while employees oversee final decisions. As part of the initiative, the company selected 28 employee-developed AI projects thr
K-beauty’s newest battlefield is delivery speed, and food delivery services now set the pace. Korea’s leading food delivery apps — Baemin and Coupang Eats — have linked their rider networks and customer bases to nearby discount beauty stores. They now deliver to customers’ doorsteps in about 30 minutes and outpace CJ Olive Young on speed. Last week, Baemin, set to come under Uber through its parent company, added warehouse-style outlet Off Beauty to its platform. The chain delivers about 4,000 p
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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