LG Energy's $6.5 bn EV battery supply deal with Ford terminated

LG Energy Solution Ltd. said on Wednesday that its long-term electric vehicle battery supply agreement with Ford Motor has been terminated following...

South Korea plans domestic asset-backed wealth fund modeled on Temasek

South Korea plans to create a sovereign wealth fund that would invest in state-owned assets, valued at around 1,300 trillion won ($900 billion), mod...

SK Hynix to ramp up 1c DRAM production 8-fold in 2026

SK Hynix Inc., a crucial supplier of high-bandwidth memory to Nvidia Corp.’s artificial-intelligence processors, is set to boost output of its...

Nvidia strikes AI alliance with S.Korea, pledges 260,000 GPUs worth $9.8 billion by 2030

GYEONGJU – Nvidia Corp. has agreed to supply 260,000 units of its high-end graphics processing units (GPUs) to South Korea’s government ...

KED Global launches premium membership for international readers

The Korea Economic Daily Global Edition (KED Global), the English-language business news platform of The Korea Economic Daily, has launched KED Memb...

[TEST ARTICLE – DO NOT DELETE] The Future of Digital Media Subscription Models

As the global media landscape continues to evolve, digital news organizations are increasingly turning to subscription-based models to sustain quality...

Kia gears up electrification with new EV models and factory upgrades

Kia Corp., South Korea’s second-largest automaker, is accelerating its transition toward electrification, unveiling plans to add new electric ...

Hyundai Motor to double new hybrid models, hike investment to achieve 9% margin

Hyundai Motor Co. aims to more than double its hybrid vehicle lineup by the end of the decade, as the top South Korean automaker bets on a mix of ec...

Hyundai, GM to co-develop five brand new vehicles, seek joint sourcing

Hyundai Motor Co. and General Motors Co. will jointly develop five brand new vehicles and source materials and car components, the two companies sai...

Naver, LG, SK, NC, Upstage named to build S.Korea’s sovereign AI model to challenge ChatGPT

South Korea has chosen five technology firms, including LG, Naver and SK Telecom Co., to spearhead the country’s flagship sovereign AI initi...

GM CEO Mary Barra quells Korea exit talk amid mounting auto tariff pressures

US auto giant General Motors Co. is regarding its South Korean factories as central to its global supply chain, particularly for compact SUVs and el...

Hyundai premieres IONIQ 6 N: Latest motorsport DNA for electric age

In a dramatic showing on the famed hill climb of West Sussex, Hyundai Motor Co. on Thursday debuted the IONIQ 6 N, its second high-performance elect...

Hyundai Motor, PIF break ground on Saudi Arabia plant

Hyundai Motor Co. has joined forces with the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, to build its first manufactur...

Hanwha's 'Sea Ghost' makes waves as Greece eyes unmanned naval tech

GEOJE, South Korea – Under a slate-grey sky at the quiet port of Jangmok on South Korea’s southern coast, a sleek, 12-meter vessel slipp...

BYD’s Atto 3 overtakes Tesla’s Model Y as best-selling EV in South Korea

China’s BYD Co. has dethroned Tesla Inc. in South Korea with its compact sport utility vehicle, the BYD Atto 3, becoming the best-selling impo...

Hyundai to launch 42 new cars to cope with Trump tariffs, EV slowdown

Hyundai Motor Group, the world’s third-largest automaker, plans to unveil 42 new models, including hybrids of existing cars, next year to cope...

KT rolls out Thai-tailored large language model

South Korean telecom service provider KT Corp. has built a large language model (LLM) platform tailored for the Thai market in collaboration with Ja...

Kia to build North America-targeted electric pickup model

Kia Corp., South Korea’s second-largest carmaker, will build an electric pickup model tailored for North America to enter the world’s la...

Korea’s KG Mobility teams up with Chery to develop mid to large SUVs

KG Mobility Corp., a South Korean automaker specializing in sport utility vehicles, said on Wednesday it joined hands with China’s fourth-larg...

SK Hynix aims to lock in all 2026 HBM orders by mid-2025

SK Hynix Inc., the world’s largest supplier of high-bandwidth memory (HBM), aims to lock in orders for its entire 2026 HBM output by the end o...

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...

Kia to release PV9 in 2029, retains CEO for 3 more years

Kia Corp. will release a new purpose-built vehicle (PBV) model every two years, with plans to launch the PV9 in 2029 and its first model, the PV5, t...

Kia to ramp up Seltos output to meet high global demand

Kia Corp. will expand production of its compact sport utility vehicle, the Seltos, after selling 310,000 units of the model across the globe, making...

HD Korea Shipbuilding premieres nuclear-powered ship design

HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), the parent of the world’s largest shipbuilder HD Hyundai Heavy Industries Co.,...

LG, SNU team up to develop AI modeling for protein structure predictions

LG AI Research Institute, the artificial intelligence think-tank of LG Group, South Korea’s fourth-biggest conglomerate, on Thursday signed a ...

Samsung Electronics' new Galaxy S25 smartphone: 'Perfect AI assistant'

SAN JOSE, Calif. – Last year, Samsung Electronics Co. scored a first-mover advantage with consumers by introducing the Galaxy S24 as an AI sma...

Hyundai Motor, Nvidia team up for AI development for future mobility

South Korea’s top automaker Hyundai Motor Group said on Friday that it has teamed up with Nvidia Corp. to accelerate the development of advanc...

Korean carmakers to bolster lineups with EVs, hydrogen models

Hyundai Motor Co. and other South Korean carmakers will release various types of new models ranging from hybrid sport utility vehicles (SUVs) and el...

Kia aims to reclaim Europe with EV2, keeps K4 output unchanged in Mexico

Kia Corp., South Korea’s second-largest carmaker, will start producing its entry-level electrified model EV2 from its plant in Slovakia next y...

OpenAI, KDB to collaborate to enhance S.Korean AI ecosystem

The US-based OpenAI and Korea Development Bank (KDB) on Tuesday signed a memorandum of understanding (MOU) to support the development of South Kor...