Hyundai Motor to build first local factory in 29 years
The envisioned factory will be first-ever EV-dedicated manufacturing facility in South Korea.
Corporate Buzz
South Korean convenience stores make forays into Malaysia
Malaysia is the third overseas market for GS25 to enter, after it launched stores in Vietnam in 2018 and Mongolia in 2021.
Local ice cream brand faces heat from netizens
The concerns stem from a series of videos published online that show the ice cream melts extremely slowly.
Winds of change for Samsung’s militant work culture
Samsung once invoked the “can-do spirit” that often pushed employees to the limit. But in the face of heated competition to attract the brightest in the country, policies are…
Samsung starts mass production of world’s first 3-nm chips
The latest 3-nanometer manufacturing technology boasts greater transistor density than the current 5-nm, which means higher speed and lower power consumption.
Chinese industrial hub sets sights on metaverse
For Nansha district in Guangzhou, a center for high-end manufacturing, the metaverse represents not just a fascinating concept but a whole new lucrative realm of business.
Tyre maker Michelin to leave Russia
Michelin cited supply chain problems as the main reason behind its decision to give up business in Russia.
Novel spirit looks to energize Japan’s sake industry
Kure-based Naorai Inc. uses a patented technique to make a distilled beverage from sake that it brands as Jo-Chu, Purified Spirit.
Mukesh Ambani resigns from Reliance Jio Board, eldest son Akash appointed Chairman
Mukesh Ambani will continue to be the Chairman of Jio Platforms Ltd, the flagship company that owns all Jio digital services brands.
China’s technology firms among pacesetters of metaverse
Chinese tech heavyweights Huawei and Alibaba, are working alongside Meta (formerly known as Facebook), and aiming to accelerate the development of the metaverse.