Hyundai-LG Energy battery swapping
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Electronics
LG’s global HVAC push takes off with new deal in Singapore
LG Electronics Inc. has landed a deal to supply its heating, ventilation, and air conditioning (HVAC) system to a fulfillment center in Singapore, a...
Apr 03, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor launches global talent recruitment program
South Korea’s top automaker Hyundai Motor Co. has launched a global talent recruitment program, beginning April 1 via its official hiring webs...
Apr 01, 2025 (Gmt+09:00)
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Batteries
Samsung SDI launches mass production of 46 mm-diameter batteries
Samsung SDI Co. has become South Korea’s first company to mass-produce cylindrical 46-millimeter(46 mm)-diameter batteries, regarded as ...
Apr 01, 2025 (Gmt+09:00)
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Steel
Hyundai Steel picks Donaldsonville as $5.8 bn US plant site, seeks investors
South Korea’s Hyundai Steel Co. has chosen Donaldsonville, Louisiana, as the location for its $5.8 billion US steel mill, marking a major stra...
Mar 28, 2025 (Gmt+09:00)
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Steel
Hyundai Steel to shut down Incheon rebar plant in April
Hyundai Steel Co. is set to shut down its reinforced bar plant in Incheon in April to trim output as steel bar prices are hovering near a four-and-a...
Mar 27, 2025 (Gmt+09:00)
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Automobiles
Hyundai’s new American dream comes with new plant, more spending
ELLABELL, Georgia – When Hyundai Motor Group Honorary Chairman Chung Mong-koo opened the South Korean automaker’s first US plant in Alab...
Mar 27, 2025 (Gmt+09:00)
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Batteries
LG Energy bags 1-GWh ESS battery deal from Poland’s PGE
LG Energy Solution Ltd. will supply 1 gigawatt-hour of energy storage system (ESS) batteries to a state-owned utility company in Poland in a deal ex...
Mar 26, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor shares rally after US investment plan
Hyundai Motor’s shares gained ground after it unveiled a new U.S. investment plan to help avoid President Trump’s tariffs.The South Kore...
Mar 26, 2025 (Gmt+09:00)
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Automobiles
Hyundai Motor to invest $21 billion in US amid tariff concerns
South Korean auto behemoth Hyundai Motor Group will invest $21 billion to expand its manufacturing in the US, which could provide Hyundai and its ho...
Mar 25, 2025 (Gmt+09:00)
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Automobiles
Hyundai, GM near to unveiling EV, pickup truck sharing plan
Hyundai Motor Co. and General Motors Co. are expected to soon announce a vehicle-sharing deal about six months after they signed an agreement for th...
Mar 21, 2025 (Gmt+09:00)
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Business & Politics
Korea eyes laws akin to US AMPC to offer subsidies for its battery makers
South Korea, home to global top battery makers such as LG Energy Solution Ltd., SK On Co. and Samsung SDI Co., is seeking to enact laws that would l...
Mar 21, 2025 (Gmt+09:00)
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Electronics
LG Electronics restarts home appliance plant in Russia
LG Electronics Inc. has resumed operations at its home appliance plant in Russia amid prospects of a ceasefire between Russia and Ukraine, signaling...
Mar 21, 2025 (Gmt+09:00)
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Batteries
SK On to supply 100 GWh of EV batteries to Nissan
SK On Co. has landed a deal to supply nearly 100 gigawatt hours (GWh) of electric vehicle batteries to Japanese carmaker Nissan Motor Co., which cou...
Mar 20, 2025 (Gmt+09:00)
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Corporate strategy
Hyundai chief Chung Euisun targets software-led car dominance by 2028
Hyundai Motor Group Chairman Chung Euisun has set an ambitious target to outpace Tesla Inc. in software-defined vehicle (SDV) technology by 2028, un...
Mar 19, 2025 (Gmt+09:00)
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Batteries
LG Energy, Doosan Bobcat tie up for construction equipment battery packs
LG Energy Solution Ltd., the world’s third-largest battery maker, and Doosan Bobcat Inc., a global construction machinery producer, said on We...
Mar 19, 2025 (Gmt+09:00)
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Artificial intelligence
LG takes on Big Tech AI in reasoning with Exaone Deep
LG AI Research, the artificial intelligence (AI) research and development unit of South Korea's LG Group, has unveiled Exaone Deep, an open-source A...
Mar 18, 2025 (Gmt+09:00)
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Corporate strategy
LG Group units step up joint marketing for in-vehicle electronics
Chief executives of LG Group’s key units, including LG Electronics Inc., will visit the headquarters of global carmakers for a series of close...
Mar 18, 2025 (Gmt+09:00)
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Banking & Finance
Shinhan Bank partners with Hyundai Mobis for loan services to suppliers
Hyundai Mobis Co., South Korea’s top auto parts maker, has partnered with the country’s biggest lender Shinhan Bank to help its partners...
Mar 16, 2025 (Gmt+09:00)
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Real estate
BNK's planned acquisition of Hyundai Motor Securities building falters
BNK Asset Management Co.'s bid to acquire the Hyundai Motor Securities building in central Seoul has hit a stumbling block as the main tenant, Hyund...
Mar 14, 2025 (Gmt+09:00)
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Rights offerings
Samsung SDI to raise $1.4 bn in rights offering for facility expansion
Samsung SDI Co. will issue new shares worth 2 trillion won ($1.4 billion), its first rights offering in two decades, to fund bold facility and R&...
Mar 14, 2025 (Gmt+09:00)
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Energy
HD Hyundai, TerraPower to commercialize next-gen SMR
South Korea’s largest shipbuilder, HD Hyundai Heavy Industries Co., is deepening its partnership with TerraPower LLC, the US nuclear venture f...
Mar 12, 2025 (Gmt+09:00)
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Upcoming IPOs
Hanwha Energy begins IPO process, key to 3rd-generation shift
Hanwha Energy Corp., wholly owned by Hanwha Group Chairman Kim Seung-youn’s three sons, has embarked on the process of going public – a ...
Mar 11, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
Samsung Heavy eyes $5.5 bn FLNG ship deals as Trump sanctions China
GEOJE, South Gyeongsang – At a huge shipyard operated by Samsung Heavy Industries Co. on Geoje, an island in South Gyeongsang province some 39...
Mar 11, 2025 (Gmt+09:00)
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Hydrogen economy
Hyundai Motor to build fuel cell plant in South Korea
Hyundai Motor Co. will build a local fuel cell plant in South Korea, accelerating its bid to create an entire hydrogen fuel cell value chain in line...
Mar 11, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai to invest $206 mn to develop SMR ship
HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), an intermediary shipbuilding holding company of HD Hyundai Co., will invest up to 30...
Mar 10, 2025 (Gmt+09:00)
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Energy
Trump-driven energy boom spurs Korean firms to hike US gas investments
WOODFORD, Oklahoma – A shale gas field in Woodford, Carter County was bustling with activity on Feb. 25.A team of engineers oversaw the drilli...
Mar 10, 2025 (Gmt+09:00)
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Shipping & Shipbuilding
HD Hyundai, Palantir chiefs discuss AI shipyard, defense technology
Chung Kisun, executive vice chairman of the world’s largest shipbuilder HD Hyundai Co., has met with Alex Karp, CEO of Palantir Technologies I...
Mar 09, 2025 (Gmt+09:00)
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Future mobility
Hyundai, Avride join hands to develop autonomous robotaxis
Hyundai Motor Co. has agreed to partner with Avride, an autonomous driving technology startup, to develop driverless robotaxis based on all-electric...
Mar 06, 2025 (Gmt+09:00)
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Foreign exchange
South Korea’s forex reserves dip to nearly 5-year low in February
South Korea’s foreign exchange reserves diminished to the lowest level in nearly five years last month, largely due to the expanded forex swap...
Mar 06, 2025 (Gmt+09:00)
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Electric vehicles
Hyundai, Kia ready to ramp up EV output in Europe, US
South Korea’s top two automakers Hyundai Motor Co. and Kia Corp. are expected to ramp up electric vehicle production in Europe and the US to b...
Mar 06, 2025 (Gmt+09:00)
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