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Scope
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Electronics
DB HiTek sees capacity utilization rate rise to 80%
South Korea's semiconductor foundry company DB HiTek Co. last month saw its capacity utilization rate rise to the mid-80% level thanks to rising dem...
Mar 10, 2023 (Gmt+09:00)
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Korean startups
Carmerce raises $2.3 mn in Series A led by Hankook Tire
South Korea's used car e-commerce platform Carmerce has raised 3 billion won ($2.3 million) in a Series A funding round led by Hankook Tire & ...
Mar 02, 2023 (Gmt+09:00)
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Automobiles
Korea's Kumho Tire sponsors Touring Car Championship
Kumho Tire Co. announced on Monday its title sponsorship of the Touring Car Championship (TCR), a global touring car competition, with the organizer...
Feb 27, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia to join global small EV war with new models
Hyundai Motor Group, South Korea’s top automaker, will aim at the world’s affordable small electric vehicle segments with new models as ...
Feb 24, 2023 (Gmt+09:00)
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Upcoming IPOs
Car-sharing platform Humax Mobility begins IPO process
Humax Mobility, a South Korean car-sharing and parking platform operator, is aiming to become the second mobility service firm to go public in the c...
Feb 23, 2023 (Gmt+09:00)
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Automobiles
LG Uplus to provide infotainment service for Toyota's RAV4 PHEV
South Korean mobile telecom carrier LG Uplus Corp. has announced on Tuesday its plans to install its integrated infotainment (IVI) platform, the Upl...
Feb 21, 2023 (Gmt+09:00)
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Construction
S.Korea's Samsung C&T wins 2023 Asia Design Prize
On Monday, Samsung C&T Corp.'s construction division announced that Dongrae Raemian iPark in Busan, South Korea, a project in which it participa...
Feb 21, 2023 (Gmt+09:00)
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Aerospace & Defense
Kia participates in IDEX 2023, largest defense exhibition in MENA
On Monday, Kia Corp. announced its participation in IDEX 2023, a defense industry trade show being held at the National Exhibition Center in Abu Dha...
Feb 20, 2023 (Gmt+09:00)
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Korean stock market
Samsung C&T to cancel $2.3 bn worth of treasury shares, stocks up
Samsung C&T Corp.’s share price zoomed on Thursday on news that the company will cancel its entire treasury stock holdings worth about 2.9...
Feb 16, 2023 (Gmt+09:00)
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Bio & Pharma
Vaxcell-Bio, Cellid sign MOU to build cancer immunotherapy platform
Vaxcell-Bio Therapeutics, a South Korean company specializing in anti-cancer immunotherapy, announced on Wednesday its partnership with Cellid Co. t...
Feb 15, 2023 (Gmt+09:00)
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Perspectives
Biden must ensure US allies aren’t China collateral damage
The biggest irony about China-US relations today is just how much Xi Jinping misses Donald Trump. China’s leader would never admit this. ...
Feb 15, 2023 (Gmt+09:00)
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Electric vehicles
Survey reveals consumer preference for hybrid cars over pure EVs
Although global automakers are ramping up efforts to increase sales of pure electric vehicles (EVs), hybrid models remain the preferred choice among...
Feb 10, 2023 (Gmt+09:00)
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Automobiles
Electric vehicles in S.Korea beat diesel cars in sales
Sales of electric vehicles (EVs) in South Korea last year including hybrids surpassed those of diesel cars for the first time due to the price of di...
Feb 10, 2023 (Gmt+09:00)
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Future mobility
LG Electronics, Qualcomm forge ahead in autonomous driving
LG Electronics Inc. has joined forces with Qualcomm Technology to enhance collaboration in the fields of autonomous driving and advanced driver assi...
Feb 10, 2023 (Gmt+09:00)
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Automobiles
S.Korea to fine German carmakers for alleged R&D collusion
South Korea’s antitrust body has preliminarily decided to impose a combined fine of 42.3 billion won ($33.5 million) on four German automakers...
Feb 09, 2023 (Gmt+09:00)
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Automobiles
Hyundai's IONIQ 5 named Best Electric Vehicle of 2023 in US
Cars.com, a US automobile evaluation website, named the Hyundai Motor Co.'s IONIQ 5 as the Best Electric Vehicle of 2023 on Tuesday. According to Hy...
Feb 08, 2023 (Gmt+09:00)
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Construction
S.Korea's Samkang M&T undergoes relaunch with new name SK oceanplant
South Korea's Samkang M&T Co., a specialist in offshore wind plants and shipbuilding, has been renamed SK oceanplant under a strategy to raise t...
Feb 02, 2023 (Gmt+09:00)
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Electric vehicles
LG Elec eyes profit from EV powertrain, car lighting biz
LG Electronics Inc., the world’s leading home appliance maker, aims to take profit from the electric vehicle powertrain and car lighting units...
Jan 31, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia cars selected Best Imported Cars in Germany
Hyundai Motor Group was recognized for its overwhelming quality in Germany, which is widely considered the home of automobiles.Hyundai Motor Group s...
Jan 30, 2023 (Gmt+09:00)
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Energy
Samkang M&T to supply offshore wind power substructure to Japan's NSE
Samkang M&T, a subsidiary of SK Ecoplant Co., has signed a contract to supply jacket foundations for offshore wind generators to a Japanese comp...
Jan 26, 2023 (Gmt+09:00)
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Economy
S.Korea's BSI hits 30-month low amid poor business sentiment
The economic outlook by companies is worsening given lingering global uncertainty, with the business outlook for February at its lowest level in two...
Jan 26, 2023 (Gmt+09:00)
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Construction
Korea’s Samsung C&T to build modular homes in Saudi Arabia
Samsung C&T Corp., the construction and trading arm of South Korea’s top conglomerate Samsung Group, is set to build modular homes in Saud...
Jan 25, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia make up 11.3% of UK's new car registrations in 2022
South Korean carmaker Hyundai Motor Group accounted for 11.3% of the new car registrations in the UK last year, according to a report that the Socie...
Jan 23, 2023 (Gmt+09:00)
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Automobiles
Hyundai, Kia vow to crack Japan-dominated SE Asian market with EVs
For more than four decades, Japanese automakers, led by Toyota Motor Corp., have reigned as undisputed champions in the Southeast Asian auto marke...
Jan 21, 2023 (Gmt+09:00)
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Automobiles
Kia Sportage selected Family SUV of Year by UK auto journal
Kia Corp. said on Friday that its sport utility vehicle (SUV) Sportage has been named Family SUV of the Year by the British automotive magazine What...
Jan 20, 2023 (Gmt+09:00)
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Steel
POSCO’s Pohang steel mill fully recovers from typhoon damage
POSCO Holdings Inc., the holding company of South Korea’s largest steelmaker, said on Thursday all its steelmaking facilities hit by Typhoon H...
Jan 19, 2023 (Gmt+09:00)
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Automobiles
Hyundai's four models selected among Car & Driver's best 10 Trucks & SUVs
Hyundai Motor Group said on Wednesday that Hyundai IONIQ5, Kia EV6, Kia Telluride, and Genesis GV70 were selected as the 2023 Best 10 Trucks & S...
Jan 18, 2023 (Gmt+09:00)
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Automobiles
Kia's Carens selected as Car of Year in India
Kia Corp. won the "Car of the Year in India" for the first time in three years and five months after entering the Indian auto market.Kia said Sunday...
Jan 16, 2023 (Gmt+09:00)
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Perspectives
Elon Musk’s vision for Korean innovation isn’t crazy
For a “genius,” Elon Musk sure does say lots of mindless things. Yet on any list of the least crazy ideas from the Tesla founder, his take...
Jan 15, 2023 (Gmt+09:00)
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Electric vehicles
Hyundai IONIQ 6 honored as safest family car in Europe
Hyundai Motor Co.'s first fully electric sedan IONIQ 6 has been named the safest family car in Europe.Hyundai Motor on Friday said the Europea...
Jan 13, 2023 (Gmt+09:00)
Latest News
- 1 NPS-backed new prime office struggles with poor demand
- 2 Affinity-backed SSG.COM offers first voluntary redundancy
- 3 Lotte to cut basic chemicals in portfolios for profitability
- 4 Young rich Koreans: Financially literate, self-directing
- 5 LG Elec logs record Q2 profit on home appliances, car parts