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The Porsche World Roadshow, featuring diverse driving programs such as circuit driving, slalom course and launch braking offered by the German carmaker, resumed in South Korea on May 19 after skipping a year due to the COVID-19 pandemic. Porsche Korea had around 28 models including the Taycan GTS,...
New South Korean Land Minister Won Hee-ryong pledged Monday to announce measures to ease the cap on presale prices of privately built apartments, a scheme adopted by the previous Moon Jae-in administration widely criticized for failing to curb the housing prices here. “The scheme has been introdu...
Posco said it will supply 2,100 tons of hot-rolled steel material to be used in a hyperloop, or a high-speed transportation system where pressurized vehicles travel through a low-pressure tube, at a test facility in the Netherlands. The steelmaker said it will begin supplying the PosLoop355, speci...
Hana Financial Group is expanding its project to help youth startups nationwide, as it has signed the first regional partnership with the Korea National University of Cultural Heritage, the group said Sunday. According to the group, the two sides signed a memorandum of understanding at the KNUCH i...
The US is facing imminent pressure to stay in the global chip arms race amid China’s bid to expand chip manufacturing. In 2021 alone, Chinese firms announced $26 billion in investment plans through 28 projects across China, showed an estimate by the Semiconductor Industry Association, an advocacy ...
South Korean carmaker Hyundai Motor Group announced the second round of its investment plan Sunday, adding another $5 billion to collaborate with US firms, only a day after the company unveiled a $5.54 billion plan to build an electric vehicle-only factory in Georgia. “Hyundai Motor Group plans t...
The number of metaverse users across major virtual world platforms in South Korea has dropped sharply since social distancing measures were lifted, a report showed Sunday. According to big data analysis firm Mobile Index, the number of Roblox’s weekly active users (WAU) recorded 773,678 during th...
Hyundai Steel has signed a memorandum of understanding with the Korea Institute of Energy Research to push for comprehensive cooperation on technologies in the energy and environment sectors with the goal of leading the steel industry’s movement towards carbon neutrality. According to the South K...
The Bank of Korea is likely to raise the benchmark rate by 25 basis points to 1.75 percent this Thursday as Asia’s fourth-largest economy combats persistently high inflation and shrinking growth, according to eight out of nine economists polled by The Korea Herald. But the central bank, which usu...
To honor the United Nation’s World Bee Day, Hanwha Group said Thursday that it has created the country’s first solar beehive which has been designed with a photovoltaic low-carbon structure that uses electricity generated through solar panels. Hanwha Group said it has installed the solar beehive...
Danger of crypto volatility, metaverse monopoly Regarding the market frenzy around cryptocurrencies and questions remaining over their extreme volatility, Tapscott said, “It is a bubble in the sense that it’s way down right now and so is the stock market ... It sort of parallels the stock market...
Over 70 percent of job seekers in South Korea said they were willing to take a position at a startup company, a survey showed Thursday. According to online recruiting platform JobKorea’s survey of 1,063 workers and job seekers, the most-selected reason for expressing a willingness to work at a st...
“We are open to collaborating with low-Earth orbit satellite operators that are willing to take advantage of our satellite services that use geostationary satellites,” Choi said. Choi added the company is already in talks with undisclosed partners about using low-Earth orbit satellites that coul...
Some 100,000 retail investors in South Korea each held over 100 million won ($78,000) in deposits at cryptocurrency exchanges here as of end-2021, government data showed Thursday, fueling concerns as the recent crash of Korean-made terraUSD and luna cryptocurrencies has decimated the value of digit...
Hyundai Glovis, a supply chain management arm under Hyundai Motor Group, said Thursday that it has launched an overseas corporation in Bangkok, as part of its business expansion strategy in the Southeast Asian market. Hyundai Glovis Logistics Thailand, a joint venture that has been formed with loc...
Korbit delists luna, vows customer protection
S. Korea becomes world’s 10th largest luxury market: report
5 local airports to resume operating 22 international routes in June
Samsung SDI, Stellantis to build $2.5b battery plant in Indiana
Hyundai E&C, Westinghouse to build nuclear power plants
[Exclusive] Hybe to make up 10% of KPOP ETF
Hyundai Motor Group, Microsoft partners to measure EV battery life
Inflation outlook highest in 9 years ahead of rate hike