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Consumer criticisms are mounting as the country’s carmakers are unable to meet delivery deadlines due to ongoing supply shortages, and even obligating customers to pay more to get the latest edition models. As carmakers like Hyundai Motor stop manufacturing the older versions of a vehicle when a ...
Hyundai Motor’s Ioniq 5, loaded with Level 4 self-driving technology, has started delivering food in California. Motional, a US autonomous vehicle company that Hyundai Motor Group and US mobility startup Aptiv formed, and Uber Eats began operating their pilot automated delivery service in Santa M...
Renault Korea Motors has added a new trim called Inspire to its XM3 SUV, which has been lauded for its distinct, upscale design. Named after the show car unveiled at the 2019 Seoul Motor Show, XM3 Inspire comes in two colors -- cloud pearl and sonic red. The Inspire trim of the compact SUV featur...
Korean businesses have pinned high hopes on the imminent launch of a new US-led economic initiative, called the Indo-Pacific Economic Framework or IPEF, in tackling supply chain disruptions and improving soured ties with Japan. But they remained cautious about the new platform’s anti-Chinese unde...
WeWork Korea CEO Patricia Chun said Tuesday that the company is considering launching its premium office service in the global market, driven by soaring demand for worker-friendly and customized official rental services. Launched on May 1, the WeWork premium service is available at its Seoul Squar...
Two former employees of Semes, a Samsung Electronics subsidiary and key semiconductor chip-related equipment supplier, have been indicted for their alleged involvement in technology theft. The two former Semes staffers were allegedly involved in selling crucial wafer cleaning machines -- believed ...
SEJONG -- A program aimed at introducing Korean food to foreigners kicked off Monday, the Ministry of Agriculture, Food and Rural Affairs said Tuesday. The program, which consists of a total of 20 food tours, will run between May and November this year in Seoul and across the country. Foreign res...
SK Group said Tuesday it has signed an agreement with TerraPower, a US-based nuclear power reactor design company, to solidify the groupwide push to reduce carbon emission. But the second-largest conglomerate in South Korea did not disclose a plan for investment in the company. Under the plan, SK...
South Korean sports utility vehicle maker SsangYong Motor unveiled the Torres on Tuesday, a new mid-size electric SUV to be launched next month. The presentation of the new vehicle came amid growing financial pressure on the SUV maker, which has been struggling to find a new suitable buyer. The n...
A recent report that three employees had stolen 3 billion won ($2.3 million) from South Korea’s biggest cosmetics maker Amorepacific in the wake of other huge embezzlements at the country’s major banks is fueling calls for tougher oversight. The employees at the cosmetics maker had allegedly use...
More chaebol groups are expected to join a business roundtable meeting held on the sidelines of summit talks between South Korean President Yoon Suk-yeol and US President Joe Biden later this week as a reflection of the growing presence of Korean businesses spending big in the US recently. Preside...
SEJONG -- The Yoon Suk-yeol administration is considering increasing the amount of wealth that can be given to children tax-free, documents from relevant ministries showed Monday. Currently, the authority does not levy gift taxes on capital transfers from parents or grandparents as long as they to...
Volvo is close to catching up to German automaker Audi, which kept its title as the third top selling foreign car brand in South Korea, data showed Monday. According to Korea Automobile Importers & Distributors Association, Volvo Korea sold a total of 1,332 units in April, overtaking Audi Korea, w...
South Korean entrepreneur Do Kwon was a rising star of the global digital asset market when his company Terraform Labs launched the cryptocurrencies UST and luna with the goal of achieving a decentralized economy four years ago. His stardom reached its peak as the price of luna skyrocketed to over...
South Korea has yet to arrive at a stage where the option of a “big step” or half a percentage point rate hike can be completely ruled out, with the possibility of higher inflationary pressure looming over the economy, the nation’s central bank chief said Monday. Following his breakfast meeting...
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