three-row large electric SUV
Scope
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Airlines
Korea’s Incheon Airport Corp. signs $3 billion deal to run Manila airport
South Korea's state-run Incheon International Airport Corp. (IIAC) has signed a $3 billion deal to operate Manila's Ninoy Aquino International Airpo...
Mar 19, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai to bring Casper EV to Japan, premium Genesis cars to India
Hyundai Motor Co. will bring its electric Casper crossover city car to Japan next year as part of a bid to reinvigorate its performance in the neigh...
Mar 14, 2024 (Gmt+09:00)
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Steel
S.Korean steelmakers mull building electric furnaces in US
Steelmakers are considering building steel mills with electric furnaces in the United States to survive the triple whammy of high tariff barriers, l...
Mar 11, 2024 (Gmt+09:00)
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Automobiles
BMW EV sales roar in Korea on strong lineup of new models
BMW, already one of the top two best-selling imported car sellers in South Korea, has beaten the world’s No. 1 EV seller Tesla Inc. in the cou...
Mar 11, 2024 (Gmt+09:00)
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Automobiles
KG Mobility unveils premium SUV Rexton Summit
South Korea's automaker KG Mobility Corp. announced on Friday that it launched the large-sized premium sport utility vehicle (SUV) Rexton Summ...
Mar 08, 2024 (Gmt+09:00)
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Energy
Doosan gears up to develop world's 1st hydrogen gas turbine
In September 2019, Doosan Enerbility Co. wrote a new chapter in its history. It became the world's fifth company to develop a gas turbine even at th...
Mar 07, 2024 (Gmt+09:00)
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Automobiles
BMW unveils PHEV sedan New 530e in S.Korea
BMW Korea announced on Tuesday that it unveiled the plug-in hybrid (PHEV) sedan model The New 530e in the domestic market. According to BMW Kor...
Mar 05, 2024 (Gmt+09:00)
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Electronics
LG Display to raise $971 mn in rights offering for OLED business
LG Display Co., the world’s leading manufacturer of organic light-emitting diode (OLED) panels, said on Monday it will raise 1.29 trillion won...
Mar 04, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai’s IONIQ 6: Most efficient electric vehicle in US
Hyundai Motor Co.'s electric sedan IONIQ 6 has been named the most energy-efficient vehicle in the US, further driving the South Korean automaker&rs...
Mar 04, 2024 (Gmt+09:00)
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Electronics
Samsung Bespoke AI Combo sells 1,000 units in three days
Samsung Electronics Co. 's the Bespoke AI Washer & Dryer Combo surpassed 1,000 units sold in three days, Feb. 24 to 26. The Bespoke AI C...
Feb 28, 2024 (Gmt+09:00)
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Chemical Industry
SK Enmove, UK’s Iceotope to develop coolant for SK Telecom’s data center
South Korea’s lube oil maker SK Enmove Co. has partnered with UK-based precision liquid cooling system specialist Iceotope Technologies Ltd. t...
Feb 28, 2024 (Gmt+09:00)
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K-pop
BTS agency HYBE logs record sales backed by albums, concerts
HYBE Co., the agency behind K-pop sensation BTS, last year logged the highest-ever annual revenue for a South Korean entertainment company, backed b...
Feb 26, 2024 (Gmt+09:00)
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Automobiles
Hyundai, Kia enjoy renewed popularity of LPG trucks Porter, Bongo
Many economists are trumpeting weak business conditions for the coming months. But an economic slowdown isn’t all that bad for Hyundai Motor C...
Feb 26, 2024 (Gmt+09:00)
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Automobiles
Kia Niro surpasses 1 million global sales
Kia Corp.'s Niro, a compact crossover SUV hybrid and electric vehicle (EV) model, has surpassed the 1 million global sales milestone since its first...
Feb 26, 2024 (Gmt+09:00)
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Earnings
KEPCO narrows losses with 2nd straight quarterly profit
South Korea’s power utility Korea Electric Power Corp. (KEPCO) on Friday posted its second straight quarterly profit, sharply above market for...
Feb 23, 2024 (Gmt+09:00)
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Automobiles
Hyundai to reignite Brazil’s mobility push with $1.1 billion investment
South Korea’s top automaker Hyundai Motor Co. said on Friday it will invest $1.1 billion in Brazil to reinvigorate the South American country&...
Feb 23, 2024 (Gmt+09:00)
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Leadership & Management
Tobacco maker KT&G names its COO as final CEO candidate
South Korea’s KT&G Corp., the world’s leading tobacco maker, appointed its Chief Operating Officer Bang Kyung-man as the final candi...
Feb 23, 2024 (Gmt+09:00)
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Automobiles
Hyundai Motor launches EVery care for electric cars
Hyundai Motor Co. announced on Thursday that it launched EVery Care, an integrated program that will take care of customers' electric vehicle (EV) l...
Feb 22, 2024 (Gmt+09:00)
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Electric vehicles
Hyundai Motor Group in test run of dedicated EV plant in Korea
Hyundai Motor Group, the world’s No. 3 automaker, started a test operation of the first dedicated electric vehicle factory in South Korea to a...
Feb 21, 2024 (Gmt+09:00)
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Electronics
HD Hyundai to build power distribution device plant in Cheongju
South Korea's HD Hyundai Electric Co. announced on Tuesday that it will invest 117.3 billion won ($87.72 million) in building a new medium and low...
Feb 20, 2024 (Gmt+09:00)
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Banking & Finance
Korean bank branch closures accelerate as online deals grow
South Korean banks are accelerating moves to close branches given the growth in digital transactions and decline in offline customers but financial ...
Feb 19, 2024 (Gmt+09:00)
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Economy
Korea's job growth at 10-month high despite weak youth employment
South Korea’s job increases rose for a second straight month to a 10-month high in January thanks to higher employment of the older, although ...
Feb 16, 2024 (Gmt+09:00)
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Automobiles
Genesis G80, GV70 electric models win Canada Car of the Year awards
Hyundai Motor Co. 's premium brand Genesis announced on Friday that its Electrified G80 and Electrified GV70 earned prizes at the 2024 Canadian Ca...
Feb 16, 2024 (Gmt+09:00)
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Automobiles
South Korea's car exports to US hit record high in 2023
South Korea’s car exports to the US surged 44.6% on-year to a record high of $32.2 billion in 2023, making up the lion’s share of South ...
Feb 16, 2024 (Gmt+09:00)
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Bio & Pharma
Celltrion to deliver three treatments to Peru
South Korea’s Celltrion Inc. announced on Thursday that it will supply three treatments, including its blood cancer drug Truxima (rituximab) t...
Feb 15, 2024 (Gmt+09:00)
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Short selling
Korean stock market volatility up since short-selling ban
The South Korean stock market has seen increased volatility and few rallies over the past three months, in sharp contrast to government hopes that i...
Feb 13, 2024 (Gmt+09:00)
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Electric vehicles
Tesla to showcase Cybertruck in South Korea next week
Tesla Inc., the world’s No. 2 electric vehicle maker, is set to showcase its electric full-size pickup Cybertruck in South Korea, home to its ...
Feb 13, 2024 (Gmt+09:00)
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Automobiles
Kia Sportage reports best year in Europe, driven by hybrid models
Kia Corp., South Korea’s second-largest automaker, said on Tuesday the sale of its flagship compact sport utility vehicle Sportage reached a f...
Feb 13, 2024 (Gmt+09:00)
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Electric vehicles
China’s BYD to enter South Korea’s passenger electric car market
China’s BYD Co., the world’s largest electric vehicle maker, is set to enter South Korea’s passenger EV market, setting off alarm ...
Feb 12, 2024 (Gmt+09:00)
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Machinery
Hyundai Rotem inks $664 million deal to supply electric trains to LA Metro
Hyundai Rotem Co., a South Korean railway system maker under Hyundai Motor Group, said on Tuesday it has won a $663.7 million deal to build electric...
Feb 06, 2024 (Gmt+09:00)
Latest News
- 1 BMW surpasses Mercedes in Korean sales amid imported vehicle market shake-up
- 2 Seoul appeal: Korean art captivates Indonesia’s affluent connoisseurs
- 3 CJ CheilJedang scraps $3.5 bn green bio sale, shifts gears to expansion
- 4 Trump Jr. meets Korean business chiefs in back-to-back sessions
- 5 Samsung in talks to supply customized HBM4 to Nvidia, Broadcom, Google