Hyundai Motor to build first local factory in 29 years
The envisioned factory will be first-ever EV-dedicated manufacturing facility in South Korea.
Kim Da-sol
South Korea joins elite space club as 7th member
Since initiating its first space rocket development mission in the early 1990s, it took nearly 30 years for the nation to prove its capability to develop and a launch space…
South Korea’s misery index reaches highest in 21 years
The misery index, which measures how people actually feel about economic distress, was originally developed by Arthur Okun, an economist from the Brookings Institute, in the 1960s.
Cargo truckers end strike; damage bill in trillions
Of the industrial businesses, steelmakers saw the most damage at 1.15 trillion won.
South Korea cargo truckers’ strike deepens inflation, supply chain woes
Cargo truckers began a nationwide indefinite strike on Tuesday (June 12), urging the government to extend a freight rate system that guarantees a basic level of pay.
South Korea’s businesses cornered as cargo truckers’ strike disrupts supply
According to the Korea International Trade Association, more than 100 complaints have been reported due to the unionized cargo truckers’ strike.
Army of service robots rolling in to replace high-cost labour in Korea
Korea’s service robot market is excepted grow to an accumulative 230,000 robots by 2025, worth 2.8 trillion won ($2.25 billion) in value.
Hyundai Motor Group presents future role as mobility solution provider at Davos forum
The Korean carmaker said its president and Chief Innovation Officer Chi Young-cho presented the necessity of global collaboration for the future of the automotive industry as well…
No need for laptop screening at Incheon airport with new security screening
The airport operator said the smart screening devices will more efficiently shorten the duration it takes for passengers’ overall departure process and strengthen the level of…
Korea’s ‘Grand Challenge’ unites Korean firms to commercialize flying cars by 2025
The program will bring together industry players with the goal of developing air vehicles as well as airspace management.