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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...
After topping the sales charts in South Korea’s import car market last year, BMW Korea is looking to sustain its momentum with its new 530e, a plug-in hybrid model that is part of its 2024 eighth-generation 5 Series lineup. Introduced earlier this month, the 530e complements the 2024 lineup of ga...
Hyundai Motor said Tuesday it has unveiled two new Genesis concept vehicles in New York as it strives to further strengthen the independent Genesis brand. Hyundai Motor introduced the brand's first flagship electric SUV concept, the Genesis Neolun Concept, and the GV60 Magma Concept, which is an u...
Kia, South Korea's second-biggest carmaker, said Tuesday it has hired two former Mercedes-Benz and BMW designers for its operations in Europe and China in the latest move to strengthen its design capabilities. Former Mercedes-Benz designer Oliver Samson and former BMW designer Lim Seung-mo will be...
The new CEO of Kyobo Life Insurance, the nation's leading life insurer, has pledged to achieve "sustainable growth" that benefits all stakeholders. Upon assuming office on Monday, CEO Cho Dae-kyu cautioned about the life insurance industry's current challenges, citing "stagnant growth and declinin...
LX Holdings Chairman Koo Bon-joon said Monday he would enhance the group’s crisis response system in a bid to enhance its responsiveness to business uncertainties at home and globally. “The year 2024 will be an important inflection point as we prepare for the next three years of LX’s leap,” Ko...
Hyundai Motor Group ranked second behind Tesla in terms of electric vehicle sales in the United States in January, a report showed Monday. Citing statistics from S&P Global Mobility, Automotive News said the Korean auto conglomerate’s three brands -- Hyundai Motor, Kia and Genesis -- combined for...
Lee Kye-in, formerly president of Posco International, took office as CEO of the company, having been appointed to his new position during a board meeting at the company’s headquarters in Incheon on Monday. In his inaugural speech, Lee said, "As CEO of Posco Group's second-largest company, as wel...
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