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Korean battery material and chemical company Posco Future M has been recognized by Fortune Asia as one of the top 30 most innovative companies in Asia, set to drive future growth, the company said on Thursday. The 2024 Fortune Asia Future 30 award was presented at the Fortune Innovation Forum in H...
The EV9 is equipped with a 99.8 kilowatt-hours battery that can drive up to 501 kilometers on a single charge. It also features 400-volt and 800-volt ultra-fast charging systems and vehicle-to-load technology that uses the car’s stored energy to power the dead batteries of external devices. The l...
Volkswagen Group Korea on Thursday appointed Steve Cloete to become the next head of Audi Korea as the German automaker looks for a breakthrough to turn around ailing sales in the local market. According to the announcement, Cloete will begin this new post at Audi Korea starting May 1. The new chi...
Hyundai Engineering & Construction said Thursday that it has started pre-sales of the remaining properties of Hillstate the Unjeong, a mixed residential and commercial apartment complex located in Paju, Gyeonggi Province. The complex comprises a total of 13 49-story buildings, offering a total of ...
Shareholders of KT&G, South Korea's dominant cigarette maker, were set to vote on whether to approve the nomination of a new chief executive Thursday. Endorsing a new chief executive, which would mark KT&G's first leadership change in nine years, and an outside director are the two main agenda ite...
LG Group unveiled a plan Wednesday to invest 100 trillion won ($74.3 billion) in South Korea by 2028 as it seeks to secure technological competitiveness and expand new growth engines. The announcement was made during the regular shareholders meeting of its holding company LG Corp., held at the Seo...
HD Hyundai Chair Kwon Oh-gap and top executives convened Wednesday for a luncheon with foreign national workers at an Ulsan work site, pledging enduring support for their welfare. The gathering, held at a VIP restaurant within the HD Hyundai Heavy Industries headquarters, included a total of 42 fo...
South Korean e-commerce firm Coupang on Wednesday pledged to invest 3 trillion won ($2.23 billion) over the next three years to expand its signature Rocket Delivery service nationwide by 2027. The company's logistics network is expected to be drastically expanded, with eight new fulfillment center...
The creation of 80,000 jobs comes in three categories: promoting future businesses, strengthening existing businesses and their competitiveness and rehiring experienced staff. About 44,000 people will be hired for the future business sector which includes EV transition, software-defined vehicles, ...
NCSoft, a major South Korean online and mobile game developer, said Wednesday it has joined hands with Google Cloud in improving artificial intelligence (AI) and cloud computing capabilities. In a meeting at the Google headquarters in the United States, the two companies discussed ways to apply AI...
Kakao Mobility, South Korea's top taxi-hailing service operator, said Wednesday it has reappointed its CEO for another year, despite the state financial watchdog's recommendation to replace him amid allegations of accounting fraud. In a general shareholders' meeting, Kakao Mobility voted to keep R...
Coupang, South Korea's leading e-commerce company, said Wednesday it will invest 3 trillion won ($2.23 billion) for the next three years to expand its renowned "rocket delivery" nationwide in a bid to solidify its dominance in the competitive market. The plan includes the establishment of over eig...
The Genesis Magma program, led by the display of the GV60 Magma Concept, will add a new dimension to the luxury auto brand as it expands into the territory of high-performance vehicles, according to Hyundai Motor Group. The automaker said the plan is to ultimately develop a high-performance Magma ...
Kia Corp. on Tuesday announced it has appointed two former designers from Mercedes-Benz and BMW to head its design centers in Europe and China, respectively. Oliver Samson, previously with Mercedes-Benz, and Lim Seung-mo, formerly of BMW, will take on their new roles as head of the Kia Design Cent...
Lotte Chilsung Beverage Co., the beverage arm of the South Korean conglomerate Lotte Group, said Tuesday its flagship product, Chilsung Cider, has received global recognition for its high-quality taste. Chilsung Cider was honored with the superior taste award, receiving three stars, the highest di...
Celltion’s Zymfentra gets preference in top US formulary
China outpaces Korea in smaller OLED shipments for 1st time
Korean franchises eye Japan, riding high on K-food trend
[Herald Interview] Mom’s Touch seeks to replicate success in Japan
Hanwha Systems breaks ground on satellite center in Jeju
BNEF names Hyosung Heavy as top ESS supplier