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The number of eco-friendly vehicles sold by Hyundai Motor Company and Kia across the globe has surpassed five million, achieving the milestone after 15 years. According to the South Korean automakers on Sunday, the accumulated sales of their eco-friendly vehicles stood at 4,995,891 units as of las...
The Ioniq 5, the first EV to have been built on the automakers’ EV-dedicated modular platform, has logged sales of some 290,000 units as it won multiple car of the year awards worldwide. Hyundai Motor Group, which retained the world’s third-largest automaker by sales volume for two years in a ro...
The sales and operating profit of South Korea's top ramyeon maker Nongshim hit all-time highs last year thanks to the popularity of ramyeon products in foreign markets, the company said Friday. The company’s operating profit in 2023 jumped by 89.1 percent from a year earlier to reach 212 billion ...
Samsung Electronics could face its first-ever labor strike, as unionized workers have secured the right to legally conduct a walkout after wage talks between management and labor have fallen through, according to industry sources Friday. The National Labor Relations Commission, a government agency...
Kia CEO Song Ho-sung on Friday said the automaker is set to lead the mass adoption of electric vehicles with the upcoming launch of the EV3, its most affordable model to date. “Despite recent fluctuations in demand, the future of electric vehicles is undeniable. Leveraging the success of our EV6 ...
Korea Zinc, South Korea's leading nonferrous metal processing firm, said Friday it has partnered with LG Chem for business opportunities in the US used plastics recycling market. Korea Zinc signed a memorandum of understanding with LG Chem to win used plastics recycling projects in the United Stat...
Proxy adviser Institutional Shareholder Services (ISS) has urged shareholders of KT&G, South Korea's dominant cigarette maker, to vote for a board nominee endorsed by activist fund Flashlight Capital Partners, according to the fund Friday. Appointing a new chief executive, which would mark KT&G's ...
Alibaba Group, the company of Chinese e-commerce giant AliExpress, renowned for its budget-friendly offerings, plans to invest more than $1 billion in Korea over the next three years, with a massive distribution center being built within the year. According to industry sources on Thursday, Alibaba...
AliExpress, the Chinese e-commerce platform owned by Alibaba Group, has been reaching out to Korean food companies to diversify its product range and gain more recognition among Korean consumers. Following South Korean food giant CJ CheilJedang, which joined the Chinese platform early this month, ...
Toss Securities, a brokerage arm under financial technology giant Viva Republica, shared its vision Thursday to become a leading player in the Korean retail trading market, launching new services ranging from bonds to derivatives to diversify its portfolio. “Until last year, Toss Securities worke...
KG Mobility, a stalwart in the South Korean sport utility vehicle scene previously known as Ssangyong Motors, has set an ambitious total sales goal of 147,000 units for this year, a 26.6 percent increase from last year, as it aims to penetrate overseas markets in Europe and Southeast Asia, away fro...
Doosan Robotics, South Korea's leading collaborative robot provider, announced Thursday the successful practice of its robotic-assisted laparoscopic surgery solution, marking the debut of a Korean-made solution in a real surgical environment. The solution was employed for laparoscopic cholecystect...
Energy and environmental solutions provider SK Ecoplant announced Thursday the launch of a new IT Asset Disposition facility in Virginia through its recycling subsidiary, SK tes. The newly completed facility, spanning 12,000 square meters, is designed specifically for hyperscale data centers. It w...
China's Alibaba Group plans to invest $1.1 billion in South Korea over the next three years, as it seeks to build a logistics center and expand businesses. As part of the investment plan, the Chinese e-commerce giant plans to spend $200 million this year to build the logistics center, according to...
Hyundai Motor and Kia will voluntarily recall nearly 170,000 electric vehicles (EV) to address a software error in the charging system, the government said Thursday. The Ministry of Land, Infrastructure and Transport said 12 car models totaling 232,000 units from Hyundai Motor, Kia, Stellantis Kor...
Korean builders nervous about possible setbacks in Middle East
HD Hyundai chair receives honorary doctorate from HUFS
SC Bank Korea offers special interest rate for new members
Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report
Samsung expected to introduce new Exynos processor in next Galaxy series
Woori, KB ink QR code payment partnership with Cambodia