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    Hyundai Motor union set to leverage strike against Atlas robot deployment

    Hyundai Motor’s labor union is poised to use a potential strike as leverage to secure job protections against the carmaker’s planned deployment of Atlas humanoid robots in its manufacturing operations. More than 86 percent of the carmaker’s roughly 40,000 union members voted in favor of the walkout, Wednesday, setting the stage for a contentious showdown over wages, job security and the upcoming robot deployment. The union also gained the legal right to go ahead with the strike, Thursday, after a state labor mediation committee decided to suspend its arbitration process between the two sides. While the carmaker’s annual wage negotiation has typically revolved around compensation, this year’s talks have hit a roadblock over a new core agenda on manufacturing automation amid the rise of physical artificial intelligence (AI). Earlier this year, Hyundai Motor Group unveiled its plan to gradually deploy Boston Dynamics’ Atlas humanoid robots across its major production lines here and abroad, which has drawn severe backlash from its union. Starting from 2028, the carmaker is schedul

    3 MIN READBy Lee Min-hyung
    Hyundai Motor union set to leverage strike against Atlas robot deployment
  • Business

    HD Hyundai, LS, SK hit pause on IPO plans as Korea delays dual-listing rules

    2 MIN READBy Lee Yeon-woo
    HD Hyundai, LS, SK hit pause on IPO plans as Korea delays dual-listing rules
  • Companies

    JoongAng Group's fate split between court, creditors

    3 MIN READBy Jun Ji-hye
    JoongAng Group's fate split between court, creditors
  • Companies

    Korean president, Samsung Electronics chief discuss chip cluster investment in southern region

    2 MIN READBy Yonhap
    Korean president, Samsung Electronics chief discuss chip cluster investment in southern region
  • Companies

    Transport ministry approves Korean Air's integration with Asiana Airlines

    1 MIN READBy Yonhap
    Transport ministry approves Korean Air's integration with Asiana Airlines
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Companies

SK hynix's surpasses Samsung Electronics for 1st time in quarterly profit

Chipmaking giant SK hynix has surpassed its biggest rival, Samsung Electronics, for the first time ever in terms of quarterly profit, data showed Tuesday, as robust sales of artificial intelligence (AI) memory chips pushed up its fourth-quarter figures to record highs.

Jan 28, 2025By Yonhap
SK hynix's surpasses Samsung Electronics for 1st time in quarterly profit
Companies

Doosan Skoda to list shares in Czech Republic next month

Czech-based turbine manufacturer Doosan Skoda Power will list its shares on the Prague stock exchange next month to raise funds for new growth drivers, its parent firm said Monday.

Jan 28, 2025By Yonhap
Doosan Skoda to list shares in Czech Republic next month
Companies

BYD Korea shatters prejudices with solid pre-orders for Atto 3 flagship EV

BYD Korea is on a surprising track to break prevalent negativity against Chinese vehicles, achieving a landmark pre-order of some 1,000 Atto 3 electric SUVs in only a week after the brand's debut here.

Jan 28, 2025By Lee Min-hyung
BYD Korea shatters prejudices with solid pre-orders for Atto 3 flagship EV
Tech & Science

Chip architecture giant Arm's possible fee hike threatens Samsung

Samsung Electronics’ businesses for smartphone application processors (APs) are facing growing concerns as Arm, which holds over 90 percent of the market share in the global AP architecture market, is expected to hike the royalty rates for its clients by as much as 300 percent.

Jan 27, 2025By Nam Hyun-woo
Chip architecture giant Arm's possible fee hike threatens Samsung
Companies

Korean seaports to maintain normal operations over holiday: ministry

Korea's major seaports will continue to operate normally throughout the extended Lunar New Year holiday this week, the oceans ministry said Sunday.

Jan 26, 2025By Yonhap
Korean seaports to maintain normal operations over holiday: ministry
Companies

SK hynix names Ryu Sung-soo as new CEO of its US unit

Korean chip giant SK hynix has appointed Vice President Ryu Sung-soo as the new CEO of its U.S. unit, SK hynix America.

Jan 26, 2025By Yonhap
SK hynix names Ryu Sung-soo as new CEO of its US unit
Companies

Orion, Pulmuone report more than 3 tril. won in sales in 2024

Two South Korean food companies, Orion and Pulmuone, are expected to surpass 3 trillion won ($2.09 billion) in sales for last year on the back of the growing popularity of Korean cuisine and snacks, industry data showed Sunday.

Jan 26, 2025By Yonhap
Orion, Pulmuone report more than 3 tril. won in sales in 2024
Banking & Finance

Hana brand strategist demonstrates dedication in era of waning employee loyalty

Shin Woo-jung, a brand strategist at Hana Financial Group, possibly represents fully committed employees who care about their company’s brand and teamwork in an era where company loyalty is waning.

Jan 26, 2025By Yi Whan-woo
Hana brand strategist demonstrates dedication in era of waning employee loyalty
Companies

Will Korean companies exit Mexico, Canada?

Samsung, LG, Kia, POSCO and multiple other Korean companies have been forced to reassess costs for running factories in Mexico and Canada, after U.S. President Donald Trump reiterated his pledge of 25 percent tariffs on the two North American countries.

Jan 26, 2025By Park Jae-hyuk
Will Korean companies exit Mexico, Canada?
Companies

Samsung chairman awaits appellate court ruling on 2015 affiliate merger

Samsung Group is paying close attention to next week’s appellate court ruling on Samsung Electronics Executive Chairman Lee Jae-yong's alleged involvement in the controversial 2015 merger between Samsung C&T and Cheil Industries, which played a critical role in him gaining control of Korea’s largest conglomerate.

Jan 25, 2025By Park Jae-hyuk
Samsung chairman awaits appellate court ruling on 2015 affiliate merger
  • Samsung to ramp up investments as chairman cleared of legal hurdles
  • Prosecutors again demand 5-year sentence for Samsung chief in controversial 2015 merger case
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