Korean defense firms aim big in US market
According to the Stockholm International Peace Research Institute, the US military expenditure was estimated at $877 billion in 2022, taking up almost 40 per cent of the world’s…
Kan Hyeong-woo
Hyundai Motor seeks alternative answers in India, Southeast Asia
Hyundai Motor has held the No. 2 spot in the Indian auto market but its position is being threatened by Tata Motors, under the Indian conglomerate Tata Group.
Record earnings propel Hyundai Motor to conduct most promotions ever
About 30 per cent of the promotions were made in the technology sectors such as research and development and new business and manufacturing, in line with Hyundai Motor’s aim of…
PUBG developer wins lawsuit against Chinese copycat in US
The court concluded that Krafton has prevailed in proving that NetEase breached the terms of their contracting, noting that NetEase failed to the requisite changes and continued…
Hyundai Motor looks into future of auto production in Singapore
The carmaker’s latest facility is equipped with futuristic technologies from robots, digital twin to smart farming
Shipbuilders scramble to secure labor force amid booming industry in S. Korea
To address the shortfall, the government took various measures like shortening the period it takes for foreign workers to obtain working visas and increasing the allowed quota of…
Kia to expand EV lineup with mass market appeal
On top of its existing models, the EV6 and EV9, the South Korean carmaker debuted the EV5, a compact electric sports utility vehicle. It also introduced two concept cars, the Kia…
BMW to double number of EV chargers in Korea next year
Under its “Charging Next” project, BMW Korea plans to make the new chargers compatible with all EVs, not just BMW EVs.
Political strife may delay Korea’s launch of new space agency
Although the final meeting of the agenda coordination committee has been scheduled, it remains murky whether the committee will be able to finally agree on the KASA act, as the…
Hyundai takes over General Motors plant in India
Hyundai said it expects to begin production at the newly-acquired factory in 2025.