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Having debuted in 2004, the Tucson achieved 10.53 million global cumulative sales last year, becoming Hyundai Motor’s third model to pass the monumental 10 million mark, after the Elantra and Accent sedans, making it the first SUV in its lineup to do so. Firmly established as a core compact SUV across North America, South America, Europe, the Asia-Pacific region and Africa, the fifth-generation Tucson now returns with a full revamp. The new model features the vehicle’s boldest design upgrade yet
Posco and the city of Gwangyang in Jeonnam-Gwangju unveiled Panorama Walk, a massive interactive steel sculpture atop Gubongsan, on Thursday, turning the former beacon site into a new cultural landmark overlooking Gwangyang Bay. Unveiled to mark Gwangyang Citizens’ Day, the installation combines the steelmaker’s industrial identity with the city’s history, landscape and culture. The project dates back to a 2022 agreement between Posco and Gwangyang to develop Gubongsan as a tourist destination.
LG Energy Solution posted record quarterly revenue in the third quarter, fueled by stronger electric vehicle battery shipments in Europe and rapidly growing demand for energy storage systems in North America. The battery maker said Thursday that preliminary revenue reached 9.64 trillion won ($7.21 billion), up 59 percent from a year earlier and 27.6 percent from the previous quarter. Operating profit rose 25.7 percent on-year and more than sixfold from the second quarter to 756 billion won. Excl
The best business ideas often hide in plain sight, from gaps big companies miss to daily hassles people ignore, speakers at this week's Global Business Forum said Wednesday. The 10th edition of the weekly forum, organized by The Korea Herald and Herald Business, runs under the theme "See the Unseen," and Thai Ambassador to South Korea Tanee Sangrat opened its second official session. Wrapping up a three-year posting in Seoul, Tanee praised Korea's technology and invited its firms to partner with
Naver’s plan to build one of South Korea’s largest AI data centers in Sejong has heavyweight names behind it: Nvidia, global asset manager Brookfield and potentially some of the country’s biggest banks and securities firms. Yet financing a $10 billion AI infrastructure project is proving anything but straightforward. Naver and Brookfield are discussing up to $9 billion in financing for the first phase of an expansion of Naver’s Gak Sejong AI factory, which would increase its capacity to 200 mega
LG Electronics is showcasing its robotics ambitions at the 2026 First Global Challenge, an international youth robotics competition running Wednesday through Saturday at Songdo Convensia in Incheon. The company is sponsoring the event, which brings together youth teams from 185 countries to design and build robots, complete missions and collaborate on solutions to global challenges. Held annually by US nonprofit First Global since 2017, this year's competition is themed “Igniting Innovation” and
SK Group Chairman Chey Tae-won is making a rare television appearance to share his vision for capitalism and growth in the AI era. Chey will open the sixth season of EBS’ Great Minds as its first lecturer, discussing how artificial intelligence is reshaping business, jobs and society — and why economic growth alone can no longer be expected to solve mounting social challenges. Having led SK Group for nearly three decades through shifts in semiconductors, energy and telecommunications, Chey will
HD Construction Equipment is expanding into the fast-growing US data center power market with a 390 billion won ($291.4 million) engine supply deal. The company said Wednesday it signed an agreement with US power infrastructure solutions provider ERock to supply 22-liter, high-efficiency long-block gas engines from 2027 through 2028. ERock will integrate the partially assembled engines into generator sets to supply power to hyperscale data centers operated by US tech companies. The deal marks HD
HD Hyundai said Wednesday that it has named Lee Sang-kyun, vice chair of HD Hyundai Heavy Industries, to lead the group’s shipbuilding business as part of its 2026 executive reshuffle aimed at bolstering competitiveness across its core operations. Under the reshuffle, Lee will head the group’s overall shipbuilding operations, coordinating key strategies across its affiliates, including HD Korea Shipbuilding & Offshore Engineering, HD Hyundai Heavy Industries and HD Hyundai Samho. The 65-year-old
GI Innovation said Wednesday that the first patient in a Japanese phase 2 trial of its allergy treatment candidate GI-301 is scheduled to receive the drug this month. Under a licensing agreement with Maruho signed in 2023, GI Innovation transferred Japanese development and commercialization rights for GI-301 to Maruho in a deal worth up to 300 billion won ($221 million) at the time. The Korean biotech is entitled to milestone payments tied to development and commercialization, along with royalti
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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