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Automobiles
Hyundai named Top Gear’s carmaker of the year; i20 N car of the year
Hyundai Motor Co. has been named the 2021 manufacturer of the year by BBC Top Gear, a prestigious British auto magazine, in recognition of the South...
Dec 01, 2021 (Gmt+09:00)
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Electric vehicles
IONIQ 7 to beome home on wheels with LG appliances
Hyundai Motor Co.’s IONIQ 7, its new all-electric sport utility vehicle to be launched in 2024, will be equipped with the home appliances of L...
Nov 29, 2021 (Gmt+09:00)
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Advertising & Marketing
Hyundai’s IONIQ 5, Tucson to hit big screen in Spider-Man: No Way Home
Hyundai Motor Co.'s all-electric IONIQ 5 SUV and the flagship SUV Tucson will be featured in Sony Pictures’ upcoming film Spider-Man: No Way Hom...
Nov 23, 2021 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia stun LA auto show with SEVEN, EV9 concept cars
Hyundai Motor Co. and sister firm Kia Corp. on Thursday unveiled their latest concept sport utility vehicles at the Los Angeles Auto Show as the two...
Nov 18, 2021 (Gmt+09:00)
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Automobiles
Global carmakers deliver unfinished cars due to chip shortage
Global carmakers are now delivering unfinished cars, or vehicles without popular convenience features such as USB ports, to appease customers runnin...
Nov 15, 2021 (Gmt+09:00)
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Steel
POSCO to quadruple steel sheet production for eco-friendly cars
South Korean steelmaking giant POSCO Co. is slated to quadruple its production of non-grain-oriented electrical steel sheet, a key material in the...
Nov 15, 2021 (Gmt+09:00)
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Automobiles
Korean auto parts makers call for govt financial support
Representatives of South Korean auto parts makers on Friday called on the government to increase their financial support of the sector, including ta...
Nov 12, 2021 (Gmt+09:00)
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Retail
SK to invest $340 mn in Vietnam’s major retail platform The CrownX
South Korea’s conglomerate SK Group said on Nov. 11 that it agreed to invest $340 million in The CrownX, a retail platform of Masan Group Corp...
Nov 11, 2021 (Gmt+09:00)
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Supply chain
Global supply crisis endangers S.Korea’s manufacturers
A South Korean electric equipment maker has decided not to seek any new orders as a spike in prices of commodities such as copper and supply disrupt...
Nov 09, 2021 (Gmt+09:00)
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IPOs
Kakao Pay slips on profit-taking after strong KOSPI debut
Kakao Pay Corp. ’s stock tumbled after a strong debut on the South Korean main stock market as investors booked profits, keeping an eye on if ...
Nov 04, 2021 (Gmt+09:00)
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Automobiles
Hyundai's Genesis beats Lexus' selling price in US
The rising demand for high-end vehicles, despite dwindling production caused by semiconductor shortages, are driving new vehicle prices to record hi...
Nov 02, 2021 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy raises $1.1 bn in rights issue as planned
South Korea's Samsung Heavy Industries Co. last week raised 1.3 trillion won ($1.1 billion) in a rights issue to existing shareholders as planned, a...
Nov 01, 2021 (Gmt+09:00)
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Energy
SK E&S in talks to sell ESS, solar energy projects
SK E&S Co. is in talks with a number of private equity firms and financial investors to sell energy storage systems (ESS) and solar energy devel...
Oct 29, 2021 (Gmt+09:00)
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IPOs
Korea’s Simone to spend up to 40% of net profit for dividends
South Korean Simone Acc. Collection Ltd., the world’s No. 1 handbag maker, plans to spend 30-40% of net profit for dividends after a listing n...
Oct 19, 2021 (Gmt+09:00)
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Automobiles
Hyundai Motor, Kia winners in sagging European car market in September
Hyundai Motor Co. and Kia Corp., the two automaking units of Hyundai Motor Group, saw their market share in Europe rise to a level never seen before...
Oct 18, 2021 (Gmt+09:00)
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Electric vehicles
Plug-in hybrids a dying breed as carmakers favor battery EVs
A plug-in hybrid electric vehicle (PHEV) was once touted as the next-generation automobile technology as such models carry the strengths of both a c...
Oct 14, 2021 (Gmt+09:00)
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Real estate debt
M&G picks logistics, residential property for 2022
London-based M&G Investments expects the logistics and residential real estate markets in most parts of Europe to continue to offer attractive r...
Oct 12, 2021 (Gmt+09:00)
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Pre-IPOs
ADT Caps seeks about $300 mn in pre-IPO funding
ADT Caps Co., South Korea's No. 2 security services provider, is seeking to raise up to 400 billion won ($336 million) from private equity firms ahe...
Oct 07, 2021 (Gmt+09:00)
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Automobiles
Chip shortage slams Korean carmakers’ new car rollouts
The unprecedented global chip shortage is thwarting automakers’ plans to roll out new vehicles, with some popular models set to be delivered t...
Oct 06, 2021 (Gmt+09:00)
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Mergers & Acquisitions
Delayed EU approval puts Hyundai-Daewoo shipbuilding deal at risk
The deal to combine the world's largest shipbuilder Hyundai Heavy Industries Co. with second-ranked Daewoo Shipbuilding & Marine Engineering Co....
Oct 03, 2021 (Gmt+09:00)
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E-commerce
SoftBank sells part of Coupang shares for $1.7 bn
Vision Fund, led by SoftBank Group founder Masayoshi Son, has sold one-tenth of its shares in South Korea's e-commerce platform Coupang Inc. for $1....
Sep 17, 2021 (Gmt+09:00)
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ESG
SK, Asia Pulp to develop eco-friendly packaging paper
SK Geo Centric Co., South Korea’s leading petrochemical company, will develop eco-friendly paper coating materials to enter the recyclable pac...
Sep 16, 2021 (Gmt+09:00)
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Future mobility
SK's car-sharing service SoCar Malaysia sees valuation top $210 mn
Car-sharing platform SoCar Mobility Malaysia has raised around 65 billion won ($55.6 million) from South Korean private equity firm EastBridge Partn...
Sep 16, 2021 (Gmt+09:00)
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Chemical Industry
LG Chem, ADM to build JV in US to produce bioplastics made from corn
South Korea’s LG Chem Ltd. said on Tuesday it is jointly building a corn-based bioplastic plant in the US with Archer Daniels Midland Co., a g...
Sep 14, 2021 (Gmt+09:00)
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Automobiles
Automotive security in spotlight on growing EV market
The automotive security technology for automotive electronics is in the spotlight as the global electric vehicle market is growing. The information ...
Sep 14, 2021 (Gmt+09:00)
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Markets
Activist fund urges SK Chemicals to sell part of SK Bioscience stake
A Singaporean activist fund has urged South Korea’s SK Chemicals to sell some of its shares in SK Bioscience Co., saying its corporate value h...
Sep 08, 2021 (Gmt+09:00)
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Intel to invest up to $95 billion in European chipmaking amid US expansion
Intel Corp. plans to build new chipmaking facilities in Europe valued at up to $95 billion, responding to a cross-border race to add manufacturing c...
Sep 08, 2021 (Gmt+09:00)
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IPOs
Blackstone, Hahn & Co. to make $800 mn in two Korean IPOs
South Korea's largest used car seller K Car Co., wholly owned by Hahn & Co., will go public on the country's main stock exchange in October, whi...
Aug 31, 2021 (Gmt+09:00)
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Automobiles
Hankook Tire, YASE unveil shoes made of recycled tires
Hankook Tire & Technology Co., South Korea’s largest tire maker, said on Tuesday it is collaborating with local leather shoe brand YASE to...
Aug 31, 2021 (Gmt+09:00)
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Future mobility
S.Korean govt to spend $5.4 bn to develop sensors, improve EV repair
South Korean government will spend 6.3 trillion won ($5.4 billion) next year in supporting the state-designated Big 3 industries: future vehicles, n...
Aug 30, 2021 (Gmt+09:00)