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HD Korea Shipbuilding & Offshore Engineering Co., the shipbuilding arm of HD Hyundai, announced Tuesday that it had obtained approval in principle for its vacuum insulation technology for liquefied hydrogen storage tanks, strengthening its push to commercialize hydrogen as a clean energy source. The approval was granted by four major international classification societies: Lloyd’s Register, the American Bureau of Shipping, Det Norske Veritas and the Korean Register. Last month, HD KSOE also rece
US lawmakers see South Korea as serving a critical role in the global supply chain and are willing to provide support, Korean Industry Minister Ahn Duk-geun said Monday, sharing his reflection after his visit to Washington last week. "During the trip, I learned that Korea’s industries play a big role in the global supply chain and the ecosystem. I met with foreign commerce chambers and investors after all the incidents, and they are all willing to help," Ahn said in a press briefing with reporte
Seven out of 14 South Korean airports have been found to have installed concrete structures similar to those involved in the recent deadly Jeju Air crash, according to a government inspection released Monday. The Ministry of Land, Infrastructure and Transport’s weeklong review revealed that nine facilities at seven airports have localizer housings that are difficult to break upon aircraft collision and require urgent improvements. On Dec. 29 last year, a Jeju Air flight returning from Bangkok ma
Dabeeo, a geospatial information AI technology company, announced Monday that it has been selected to lead the development of a microsatellite utilization system, aimed at bolstering South Korea’s maritime security and disaster response capabilities. The KSIS Data-Based Microsatellite Utilization System project, commissioned by the Korea Aerospace Research Institute’s National Satellite Information Utilization Support Center, will be conducted in partnership with defense company LIG Nex1. Offici
Scottish master behind Korea‘s first single malt distillery commits his 45 years of experience to elevating Korea's whisky reputation It might surprise you that South Korea, famed for its traditional spirit soju, is now producing a single malt whisky -- let alone one of remarkable quality. The newfound fervor for whisky here is breathing new life into the industry, with its future looking bright, partly thanks to Andrew Shand, a Scottish master distiller at Ki One Whisky Distillery. Shand brings
South Korea's largest tobacco company KT&G on Monday announced its establishment of a subsidiary in Uzbekistan, aiming to boost profitability through local operations while continuing its strategic entry into the Eurasian tobacco market. The move follows the company's establishment of a branch office in Uzbekistan in 2023, with its transformation into a corporate subsidiary signaling a sustained commitment to building long-term competitiveness in the region. In line with the expansion, the compa
The Korea Forest Service announced Monday that it has signed an agreement with Honduras to protect forests and combat climate change. The memorandum of understanding, the first of its kind between the two countries, outlines a large-scale forest conservation initiative known as Reducing Emissions from Deforestation and forest Degradation, or REDD+. The project will focus on protecting and managing all forested areas across Honduras. At the signing ceremony held Thursday in Tegucigalpa, Nam Song-
German automaker aims to regain presence, boost sales in local market Audi will launch record-setting 16 new models in the Korean market this year, as the automaker looks to turn around its falling numbers, Audi Korea said Monday. “In 2025, Audi will introduce the largest number of new models in its history to the Korean market,“ said Steve Cloete, executive director of Audi Korea, who took the country branch’s top post in May last year, in a media roundtable at the Shilla Seoul. “In line with A
SK Telecom said Monday that it has launched an artificial intelligence cloud service, SKT GPUaaS, following pilot operations of its new AI data center in Seoul on Dec. 30. Since unveiling its AI infrastructure superhighway strategy at the SK AI Summit 2024 in November, SK Telecom has accelerated efforts to establish its AI infrastructure business. This includes forming a dedicated AIDC business unit during a year-end organizational restructuring and the launch of graphics processing units-as-a-s
Hyundai Motor Group ranked second in electric vehicle sales in the US last year, following the No.1 EV maker Tesla, with plans to boost local production amid the inauguration of Donald Trump. According to data from the Korea Automobile & Mobility Association, Hyundai Motor Company and its smaller sibling Kia sold approximately 123,000 battery-powered vehicles in the US in 2024, achieving a 10 percent market share. Although there remains a significant sales gap with Tesla, which sold 591,400 unit
Hyundai, Kia set record in eco-friendly vehicle exports
Woori-Natixis invests $150m in US data centers
HD Hyundai secures approval for hydrogen tank technology
Korean telecom carriers join AI agent race
Tech giants race for early lead in next-gen glass substrates
Jensen Huang's potent words wield sway over Korean stock prices
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