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Hyundai Motor Group plans to expand operations at its HTWO Guangzhou facility -- its first overseas hydrogen fuel cell system production plant -- by initiating pilot projects for commercial hydrogen fuel cell vehicles this year. Lee Hyuk-joon, executive vice president of Hyundai Motor Group China,...
South Korean e-commerce giant Coupang said Friday it will raise its monthly membership fee for paid users by 58 percent, in an apparent move to secure further capital amid growing challenges from Chinese rivals. Coupang plans to charge its paid WOW membership users 7,890 won ($5.7) starting Saturd...
Korean automaker Kia on Thursday officially unveiled its first-ever pickup truck, the Kia Tasman, setting its sights primarily on the Australian market with a diesel-powered model planned for 2025. The Tasman, whose name pays homage to the Tasman Sea that lies between Australia and New Zealand, re...
Through its six years of successful transformation, AXA now stands to ramp up its core business operations through the utilization of data and artificial intelligence technology to accelerate the development of innovative services, the subsidiary elaborated. For AXA Korea, Buberl also emphasized f...
Naver Cloud, the cloud computing arm of South Korea's tech giant Naver, said Thursday it will join hands with US chipmaker Intel to create an artificial intelligence (AI) chip software ecosystem in South Korea. The two companies have agreed to provide IT infrastructure based on Intel's AI accelera...
Korea's top three battery makers -- LG Energy Solution, Samsung SDI and SK On -- are buckling up for the impact of their first-quarter earnings, which are certainly looking dispirited amid the withering demand for electric vehicles across the globe. According to LG Energy Solution’s preliminary e...
Fueled by the unparalleled success of BTS, the country's first and only Grammy-nominated pop artist, Hybe has achieved remarkable feats on the global stage. In 2021, its US subsidiary, Hybe America, acquired Ithaca Holdings, thereby enlisting global pop icons Justin Bieber and Ariana Grande onto it...
Korea's leading travel agency Hanatour has been listed in the merger market with its ownership stake up for sale. Reports from the industry on Tuesday indicate that IMM Private Equity, Hanatour's largest shareholder, has recently commenced the selection process for a new stakeholder, which is anti...
Lee Boo-jin, the president and chief executive of Hotel Shilla, will reportedly sell some 440 billion won ($325 million) in Samsung Electronics stock, in an apparent bid to pay off her inheritance tax. Industry sources revealed Tuesday that Lee, a member of the Samsung Group founding family, is as...
The third winning project by Daewoo E&C, Scenery of Forest and Light enhances the landscape at the Dalseong Park Prugio Hillstate apartment complex in Jung-gu, Daegu. This project provides play and exercise zones in green surroundings, with a glass house and thoughtfully designed lighting, creating...
BAT Rothmans, the Korean unit of British American Tobacco, said Tuesday it unveiled a special McLaren livery design inspired by its e-cigarette products for the 2024 F1 Japanese Grand Prix. According to BAT, the unveiling of the livery is part of the "Driven by Change" project, a collaboration cam...
Korea Zinc, South Korea's leading zinc smelter, said Tuesday it will terminate its longstanding purchase and sales partnership with its largest shareholder, Youngpoong, amid a management conflict between the two companies. "In the future, we will conduct individual negotiations and contracts with ...
Major South Korean shipyard HD Korea Shipbuilding & Offshore Engineering said Tuesday it has won a 631.9 billion-won ($466.4 million) order to build four very large ammonia carriers (VLAC) for a European shipper. The VLAC vessels will be built at the shipyard of Hyundai Samho Heavy Industries for ...
The announcement from Burger King's South Korean operator that it would stop selling its popular Whopper lineup has stirred up controversy and mixed opinions over whether it is merely a marketing stunt or not. Early Monday morning, Burger King informed customers through its website and mobile mess...
Hanjin Group, the South Korean aviation conglomerate behind the nation's flag carrier Korean Air, announced Monday the release of a biography honoring the life and accomplishments of its late chairman Cho Yang-ho. The book, titled “Charting New Horizons: the Life and Legacy of Cho Yang-ho”, was ...
Korea’s top finance firms put aside W1.7tr for Hong Kong-tied ELS compensation
Samsung mobile chief, Google device head meet in Seoul
Posco Future M, Honda to launch battery materials venture in Canada
Hybe-Ador feud should have limited effect on Hybe's overall performance: analysts
Experts raise concerns about Japan putting pressure on Naver over Line
SK hynix profits soar on AI chip boom