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The lights are out, and the air is thick with tension inside an abandoned psychiatric hospital -- shuttered just a week ago after a devastating fire. Armed with only a flashlight, you step cautiously into the darkness to find three other suspects standing in silence, each tasked with uncovering the truth behind the murder of the hospital director. As you sift through the wreckage together for evidence, every second counts -- before one of you is accused of being the killer. This is not a real cr
Hyundai Steel, the automotive steel manufacturing subsidiary under Hyundai Motor Group, is set to supply steel sheets to GM Korea as early as September, following the automaker’s strategic decision to shift its supply chain away from China. According to reports on Friday, GM Korea recently informed China’s Baoshan Iron & Steel that it would be switching its steel sheet supplier. The company is carrying out quality certification processes before receiving the materials, estimated at 100,000 tons
SK Group’s top executives have gathered for a two-day business management strategy meeting to assess the group-wide business restructuring efforts and discuss long-term growth strategies amid rapidly changing market conditions. Around 30 CEOs from major SK affiliates — including SK Group Chair Chey Tae-won, SK Supex Council Chair Chey Chang-won and SK Innovation Executive Vice Chair Chey Jae-won — are anticipated to take part in the annual meeting, according to industry sources on Friday. The hi
Hyundai Motor Group said Friday it has appointed Laura Major as new CEO of Motional, its Boston-based autonomous driving joint venture with Aptiv, to advance the future mobility business. Underscoring Major’s previous position as chief technology officer of Motional, the automaker highlighted her new role in accelerating the company’s artificial intelligence technology capabilities ahead of the commercial launch of its autonomous driving service next year. Since Motional’s establishment in 2020,
Tesla’s shrinking presence in the European market is setting the stage for cutthroat competition between Hyundai Motor Group and China's BYD. While the Korean auto giant has maintained its stronghold in the world’s second-largest electrified vehicle market, the Chinese EV maker is rapidly eating into Tesla’s share as it aggressively offloads excess domestic inventory in global markets. According to reports on Wednesday, Tesla may lose its position as the third-largest EV brand in Europe to BYD f
With the July deadline for the US tariff reprieve approaching, South Korea is ramping up preparations for make-or-break tariff negotiations, placing two seasoned negotiators at the forefront in a bid to deliver a breakthrough. Described by many observers as one of the most qualified experts, Yeo Han-koo, who most recently served as a senior fellow at the Peterson Institute for International Economics in Washington, took office as the new trade minister on Thursday. This marks his second time ser
The Fair Trade Commission rejected a proposed mileage integration plan submitted Thursday by Korean Air regarding its planned merger with Asiana Airlines, citing insufficient consumer safeguards and a lack of clarity. The antitrust watchdog said it had "immediately requested revisions and supplements" to the plan filed by Korean Air. “The proposed scheme did not sufficiently ensure the availability of mileage usage options comparable to those previously offered by Asiana Airlines,” the FTC said,
Delta Air Lines officially launched a new direct route between Incheon International Airport and US' Salt Lake City International Airport on Thursday, marking its return to the Korean market after a six-year hiatus, just ahead of the peak summer travel season. The airline also expressed its intention to further strengthen its partnership with Korean Air, its joint venture partner since 2018. “This year marks Delta’s 100th anniversary, and introducing a new route to Korea during this milestone ma
LS Electric, a Korean producer of power solutions, announced Thursday that it signed a memorandum of understanding with Power Electrics, a specialist in power conversion systems, ramping its efforts to penetrate the North American power market. The agreement was signed at Power Electronics’ headquarters in Valencia, Spain, and marks a strategic collaboration focused on the supply of key power equipment, including transformers for energy storage systems. Executives from both companies, including
Hyundai Mobis, Korea’s leading automotive parts maker, announced on Wednesday that it has developed a new safety feature designed to automatically maintain a safe distance when a following vehicle comes too close. The system utilizes rear and side radars to detect the movements of a trailing vehicle, while a front camera monitors lane markings and objects ahead. If the distance from the vehicle behind narrows to less than 10 meters, the system issues visual and audio warnings. If conditions are
First female CEO of Naver picked as SME minister nominee
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