Most Popular
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Contentious grain bill put directly to plenary meeting for vote
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Yoon's approval rating plunges to all-time low
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Will tug-of-war between doctors, government end soon?
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Climate impacts set to cut 2050 global GDP by nearly a fifth
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Trilateral talks acknowledge ‘serious’ slumps of won, yen
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[Graphic News] More Koreans say they plan long-distance trips this year
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[KH Explains] Hyundai's full hybrid edge to pay off amid slow transition to pure EVs
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North Korea removes streetlights along cross-border roads with South
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Russia's denial of entry of S. Korean national unrelated to bilateral ties: Seoul official
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Farming households dip below 1m for first time in 2023
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LG to unveil display tech for smart cars at CES 2024
LG Display said Monday it will unveil four new automotive display technologies at the upcoming CES 2024 slated for next week in Las Vegas, introducing innovations tailored for software-defined vehicles that heavily rely on multiple advanced displays for various functions. These display solutions aim to improve the flexibility, visual quality, affordability, and safety of screens in software-defined vehicles. Central to LG's showcase is the adaptation of P-OLED, or plastic OLED, technology t
Jan. 1, 2024
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Hyundai, Kia hybrid sales hit record high
Hyundai Motor Group’s two auto brands -- Hyundai Motor Company and Kia -- have set a new record by selling some 767,000 hybrid electric vehicles across the world through November this year, the South Korean auto giant said Wednesday. According to the automakers, Hyundai Motor Company and Kia sold 254,258 HEVs in the Korean market, accounting for 21 percent of their total domestic sales during the January to November period. The two companies sold 513,000 HEVs overseas in the same timeframe
Dec. 27, 2023
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Chaebol leaders heading to CES 2024
Leaders of South Korea’s top conglomerates are set to converge at CES 2024 in Las Vegas next month to immerse themselves in emerging tech trends and expand global business networks. SK Group Chairman Chey Tae-won will be making his second consecutive appearance after last year's CES. “I’m also wondering how far artificial intelligence can be evolved. Drastic changes are expected to be made in the next five years. (That’s why) I’m heading to the CES,” th
Dec. 27, 2023
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Hyundai Mobis to help Marines combat motion sickness
South Korean automotive technology company Hyundai Mobis said Wednesday it has teamed up with the Marine Corps to develop a novel anti-motion sickness technology for assault vehicles to boost Marines' combat performance on rough terrain. The potential technology is designed specifically for amphibious assault vehicles. Because these vehicles are used for transporting troops from ships to shore through rough, unpredictable sea and land conditions, motion sickness is a common issue that plagu
Dec. 27, 2023
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[Photo News] Hyundai's year-end gifts
Hyundai Motor Company has given out year-end gifts and offered cultural experiences to 1,432 children and adolescents nationwide in collaboration with ChildFund Korea as a part of its annual corporate social responsibility activities, the Korean automaker said Wednesday. Named "Santa Expedition," this year's event marking its eighth edition also invited youth to Hyundai Motorstudio Goyang in Gyeonggi Province to experience various mobility activities. (Hyundai Motor Group)
Dec. 27, 2023
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Hyundai Motor seeks alternative answers in India, Southeast Asia
Hyundai Motor Group has set its sights on the Southeast Asian region in search of alternative markets outside of China and Russia as the Korean automaker looks to move beyond its heyday in the two state-dominated nations. Hyundai Motor’s Chinese business used to boast upbeat sales of over 1 million units per year with five local manufacturing plants in operation. This came to an abrupt end in 2017 when Beijing took retaliatory actions against South Korean companies in response to Seoul&rsq
Dec. 26, 2023
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Hyundai Mobis to develop digital twin system
Hyundai Mobis will work with US software company Wind River to develop a digital twin system called M.Dev Studio to optimize the future working conditions of crafting auto parts, the South Korean auto parts maker said Monday. M.Dev Studio is expected to offer a virtual space for not only Hyundai Mobis, but also its partners and various research teams to carry out joint projects through simultaneous simulation and remote monitoring as they work on developing core auto technologies and products to
Dec. 25, 2023
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[Photo News] Indian car of the year
Hyundai Motor Company's Exter, a compact SUV strategically developed to target the auto market in India, has won Indian Car of the Year 2024, the South Korean automaker said Sunday. The Ioniq 5, Hyundai Motor's all-electric vehicle, also took home the honor of Green Car of the Year at the same awards. With the COTY award, Hyundai Motor has won the top auto accolade for the eighth time, the most among all brands in India. (Hyundai Motor Group)
Dec. 25, 2023
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Exports of eco-friendly cars jump 33 percent to record high this year
South Korea's exports of eco-friendly vehicles surged 32.5 percent on-year to a record high during the first 11 months of this year on solid global demand for electric vehicles, data showed Sunday. The export volume of eco-friendly automobiles came to 662,307 units during the January-November period, compared with 499,854 units a year earlier, according to the data by the Korea Automobile and Mobility Association. The number for the entire 2023 is expected to surpass 700,000 for the first t
Dec. 24, 2023
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Incheon Airport passengers rebound to nearly 80% of pre-pandemic level
The number of passengers traveling via Incheon International Airport has rebounded to 77.9 percent of the pre-pandemic level this year, data showed Sunday. A total of 49.97 million travelers flew via the airport, west of Seoul, during the first 11 months of 2023, which represents 77.9 percent of the 64.17 million passengers during the same period of 2019, according to the data compiled by the transport ministry. Around 56 million air passengers are expected to use the airport by the end of this
Dec. 24, 2023
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Hyundai’s 42dot to debut software-centric car tech at CES 2024
Hyundai Motor Group's self-driving mobility division, 42dot, revealed Friday that it will make its debut at the upcoming CES 2024 tech show in Las Vegas to showcase its software-driven vehicle technology. The technology integrates both software and hardware in automobiles, reflecting the digital advancements seen in smartphones and Tesla vehicles. Established in 2019 by Song Chang-hyeon, a former chief technology officer at Korean online platform Naver, 42dot has quickly emerged as a notabl
Dec. 22, 2023
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Hyundai Motor to detail hydrogen ecosystem and software vision at CES 2024
Hyundai Motor on Thursday shared a glimpse into its upcoming presentation at CES 2024 in Las Vegas, set for Jan. 8, previewing the company’s vision for a hydrogen-powered ecosystem and a future shaped by software innovations. The presentation, under the theme of "Ease every way," is scheduled from 1:00 p.m. to 1:45 p.m. Pacific Standard Time and will be livestreamed on Hyundai's global YouTube channel. Central to Hyundai's hydrogen strategy is the "Hydrogen Busines
Dec. 21, 2023
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LG Energy Solution secures 10 power grid projects in US
LG Energy Solution said Thursday its US subsidiary has landed 10 power grid supply deals in the fast-growing US energy storage system market since its launch last year. The projects' total energy storage capacity amounts to 10 gigawatt-hours, the firm said. Based in Texas, LG Energy Solution Vertech provides energy storage system integration services ranging from business solutions to installation, maintenance and repair. The venture was set up in February 2022 after the battery manufacture
Dec. 21, 2023
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[Test Drive] Kia refines family favorite with first hybrid Carnival
The Kia Carnival, a top choice for a family vehicle in South Korea, reflects the classic American family minivan. Three years after the success of the fourth generation, Kia is upping its game with a revamped Carnival lineup, most notably with its first-ever hybrid model that tackles the vehicle's main shortcoming: fuel efficiency. The hybrid model, entering its precontract phase last month alongside other models, has quickly attracted consumer attention, with hybrids making up 70 percent o
Dec. 20, 2023
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Record earnings propel Hyundai Motor to conduct most promotions ever
Hyundai Motor Group promoted 252 executives on Wednesday, the largest upper-level promotion ever in the company’s history, on the back of its record-high earnings this year as it looks to find future mobility leaders. Hyundai Motor said the promotions focused on preparing for the future as it speeds up its generational shift in leadership. Among the promoted, there are 197 newly appointed executives, of which some 38 percent are in their 40s. The conglomerate's proportion of those in their
Dec. 20, 2023
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LG Chem breaks ground on largest materials plant
LG Chem said Wednesday it broke ground to build a cathode materials manufacturing plant in the US state of Tennessee that is to be the largest production facility in the all-important electric vehicle market. LG Chem Vice President Shin Hak-cheol, Tennessee Gov. Bill Lee, Stuart McWhorter, commissioner at the Tennessee Department of Economic and Community Development, Cho Hyun-dong, South Korean ambassador to the US, and other company executives and government officials participated in the groun
Dec. 20, 2023
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[Photo News] Advanced air mobility
Supernal, Hyundai Motor Group's US-based urban air mobility firm, will take part in CES 2024, slated for January in Las Vegas, for the first time and exhibit its electric vertical takeoff and landing vehicle concept model. Hyundai Motor Group said Supernal will present its strategies to set up an ecosystem of advanced air mobility in the future at a media presentation on Jan. 9. (Hyundai Motor Group)
Dec. 20, 2023
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Hyundai Motor to sell auto plant in Russia
Hyundai Motor Group said Tuesday it has decided to sell its entire shares of its car manufacturing plant in Russia, which has been temporarily shut down because of Russia's invasion of Ukraine, to a Moscow-based company, ending a decadelong operation. The carmaker’s board of directors approved selling Hyundai Motor Manufacturing Russia in St. Petersburg, along with a General Motor plant it acquired in 2020 to the Russian automotive service firm Art-Finance. “We have reviewed var
Dec. 19, 2023
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Hyundai Motor donates W35b to charity
Hyundai Motor Group said Tuesday that it has donated 35 billion won ($26.8 million) to Community Chest of Korea, a nonprofit organization and state-sanctioned charity. The South Korean auto conglomerate has taken part in CCK’s year-end campaign for helping the underprivileged since 2003. Hyundai Motor said it increased this year’s donations by 10 billion won. According to the company, the auto giant’s accumulated amount of donations reached 394 billion won as of this year. &ldq
Dec. 19, 2023
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Harim takeover of debt-ridden HMM draws concerns
Harim Group’s consortium was named as the preferred bidder for debt-ridden container ship company HMM, leaving concerns about how it would fund the acquisition worth 6.4 trillion won ($4.9 billion), industry sources said Tuesday. Outbidding rival Dongwon Group, the company is expected to take over the 57.9 percent stake owned by controlling shareholders of HMM -- the state-run Korea Development Bank and Korea Ocean Business Corp. The creditors have sought to get the shipper back on track t
Dec. 19, 2023